Business
3 reasons why Kogan.com (ASX:KGN) shares could be a buy
There are a few reasons why Kogan.com Ltd (ASX: KGN) shares may resonate with some investors.
What does Kogan.com do?
Kogan.com is an online marketplace company that sells a wide variety of products including TVs, phones, computers, appliances, clothes, furniture and office supplies.
It’s run by the founder, Ruslan Kogan, and it has grown significantly during 2020. In FY20 it grew gross sales by 39.3% to $768.9 million. In the annual general meeting (AGM) update it said that gross sales increased by 99.8% in the financial year to date for the four months of July 2020 to October 2020, compared to the prior corresponding period.
Kogan.com also sells a number of different household services including mobile plans, internet, energy,…
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