To be honest, all of us have invested in the narrative of growth and operating leverage. We haven’t seen the growth play out yet. And with an upcoming global recession / slow down, who knows how demand for SJS auto and consumer durable aesthetics will pan out.
Lets hope there is some growth soon and we get some more margin of safety. On present metrics and economic outlook, the stock is not cheap.
Disclosure: Small 2.5% position at about 410. Will scale up once numbers start matching narrative.
| Subscribe To Our Free Newsletter |
