I guess the reason why he is selling is when prices of aluminum, CPC, CTP OCP skyrocketed subsequently company posted best ever results in 2022 with highest ever Net profits and all but still the stock didn’t gave any meaningful returns like 2017 cycle I think market wasn’t rerating what Mr Pabhrai has assumed he might not be sure that what best could have happened than this so he is trying to take profits off the table. Also, I’m studying this business for a while all the triggers mentioned in above thread haven’t worked or if it have, The stock hasn’t rerated with that. I think the TAG of a “Commodity Company” and the “Debt” is the main reason why the stock isn’t performing or allowing it to rerate I personally believe that until the management takes on the charge to aggressively reduce the debt along with some triggers playing out as per the expectations, The stock will always remain undervalued or fairly valued. This might be thinking of MR. Market.
Disc- No holding till 18-1-23
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