Hi:
Since this is also a cyclical stock (AksharmChem), I think it is a value buy now from purely a Graham value pick perspective. The stock price is at 0.6x of book value as I am writing now. Good time to start accumulating, I think. If the downtrend continues for couple or more quarters, the stock price may drop more and one can buy more. This is my opinion. They have very less debt, have been in the business for decades, decent management. Currently in downtrend and the business has rebounded many times in the past. However, downtrend may continue for 1 more year, nobody knows. My goal is to make at least 2x-3x in 2-3 years. I haven’t bought the stock yet. Any thoughts?
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