Okay firstly, I have sold Greenpanel after the last update – HERE. I needed cash and I sacrificed Greenpanel because I don’t see their earnings growing significantly in the next few months. If I have cash in the future & valuation is good, I’ll review the space for entry.
Now coming to your question.
What you’re saying are short-term challenges (which usually happen in every sector). I would be happy if these hiccups get so intense that it eliminates some competition. My views about the long-term trends of MDF are positive and I like GP’s management much more than peers. Certainly, the valuation is not cheap but I do not think it’s crazy enough to make me sell (which is ironic because i sold – but my reason was something else which I explained earlier).
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