Absolutely agree with you, 16% sales growth for the last quarter is on the minds of the investors. Management has clarified (hopefully, they are right) that it is one off and growth should resume from Q2. Given that it’s at high PE as well market is taking its time. But once Q2/Q3 provides the normal growth Page usually sustains, the price should catch up – as you rightly said.
I usually go back to what was said in investing books during these times (Buffett, Lynch) – there might be quarters where the growth may be a bit slack but companies of Page QUALITY generally over time recovers. This is usually a good time for accumulation.
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