I don’t find it as a red flag. That’s why continued buying even after his statement at 250 levels. It could also be a loose talk from the chairman. He could have chosen not to answer because the question itself is unusual one for a earnings conference call. He might have thought that he conservatively told minimum 300/share but unfortunately it creates panic among retail investors. But intrinsic value is 400/share. Thats for sure. Sold half of my holdings today.
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