I bought it at a lower price but added it at a higher price. At the time of exit, I was around 20% up in total.
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I don’t have anything against Max India. The business has a lot of potential and I continue to like it.
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I sold it because there are a few other businesses that seem attractive and I would like to invest there so I needed cash. I am not expecting Max’s earnings to shoot up in the short term and felt comfortable to exit.
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