Thanks for correcting me! 10 would be year forward PE, currently closer to 14. Definitely undervalued or fairly valued to buy, with risk of downside protection, I would venture to rephrase. Cash not getting deployed for growth, small scale of operations with competitive intensity and phase of risk Europe is facing currently need to be factored. Maybe I am biased by anchoring to my buy price. I am sure tempted to buy more but my risk management is tending to be more conservative nowadays.
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