Would be interested to note your views on the following as part of the credit rating report :
“The revenue and EBITDA in 2022 are likely to have been significantly higher than the 2021 levels; however, the same would moderated in 2023 due to the expected further price correction in commodity prices.”
Do you believe that the stock price may correct further in the coming year ? Although the value and ratios may seem inciting – I do caution it may also have indicators of potential value trap if entered recently. However I believe this is a good company with fair fundamentals which could be worth revisiting in a couple of months or so – down the line in 2023
Even the management has indicated the environment may be challenging in 2023
Would love to your know your thoughts ? Do you foresee that the price has bottomed out ?
Personally I am of the opinion that the price may start to bottom out around 120-125
Disclosure : Not invested, but tracking closely for a future cyclical play
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