Huami (HMI), a consumer electronics company based in China and the maker of immensely popular fitness trackers (Fitbit competitors) called Mi Bands, remains one of the best companies positioned to capitalize on China's exploding middle class. Since the last time I wrote on Huami last year, shares have vaulted ~50% while the S&P 500 has remained approximately flat.
Yet in the month of July, shares of Huami have dropped ~25% on virtually no news. In my view, this represents a very strong near-term rebound opportunity, and investors should take this opportunity to revisit