Hi…
Adding Laurus for long term. Yes.
Actually I held Laurus from May 2020 to Oct 21 or so. Made good money.
I exited because of widespread news of HIV vaccines being successful and ARVs being the highest contributors to Laurus’s revenues.
In Q3 results, their CDMO and non ARV API contribution has hit an all time high. That to me sounds like music. Markets know that real kicks will come in FY 25. But we never know when will these things get priced in. Mkt may not wait till next year to start pricing it in.
Another good qtr by CDMO business and the perception may change any day.
So…just being proactive. Started with a small position. Will add if business momentum sustains.
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