Hi @praveen_potnuru
I started my investment journey in 2022 and I don’t do trading. I’m still learning basic stuff. I use campus shoes and the quality is good. All peers are trading nearly at the same valuation and Campus was trading at 52 weeks low. I thought 70 PE was normal for this industry. This PE might be normal only for earning growing stock but Campus is not growing clearly.
My average price was ~300. I thought that this quarter would be a good one, almost all other footwear company’s quarter is really good if compared to Campus. The moment I came to know about the red flags (COO resignation and Insider Trading), I was already down by 6-7%. I regret not selling at that point. In short, it was a mistake and learning for me.
I still believe in the company but something is not right at the moment in the company as numbers don’t lie. There is a high possibility that the next quarters won’t be good enough and we might see a lot of further correction in this stock so I simply exited with ~20% loss to save remaining capital
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