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Campaigns / Grizzly Research → GSX Techedu Inc.
Grizzly Research vs. GSX Techedu Inc.

GSX Techedu Inc. · GSX

1 deck published between 2020-02-25 and 2020-02-25 — 59 pages, 56 analysed slides total.

initial thesis

Timeline

Each deck in chronological order — click to open. This is the story of the campaign as it unfolded.

  1. 2020-02-25 initial thesis

    2020 02 Research Report GSX Grizzly Research 25 Feb 2020

    59pp · research_note

    GSX Techedu's too-good-to-be-true 70%+ margins and triple-digit growth are propped up by inflated profits, brushed student enrollments, alter-ego related parties, and suspected CAPEX fraud — it is a fraud worth zero.