Thursday, May 15, 2014
John Burbank of Passport Capital on CNBC Part 1
John Burbank the founder and head of Passport Capital was on CNBC today after speaking at the SALT Conference yesterday. He walked through his thesis on VIPshop Holdings (VIPS). He has been long since the IPO in 2011. Their internal earning numbers are 60% above Wall Street consensus. He thinks investors underrate China and thinks that the Chinese ecommerce market is bigger than in the U.S.