I mulled…..re-read the entire VPr thread….went through every available news item…did all the math….consulted…..mulled again….finally chided myself on why I didn’t act earlier…While I neither require this capital nor I have a comparable alternative stock, its a fact that I might be acting too late and there might be hardly anymore downside left…all said and done, I pulled the trigger y’day…significantly reduced…my reasoning – with lack of growth in the same % as in the past (25-30%), any further PE re-rating may not be easy….Not that Mr.Market will act the opposite of my reasoning. Has happened countless times before but at 17-18% growth as in this quarter, a PE like the current one may not be sustainable was my only reasoning. For all you know, I might get egg on my face, with the management suddenly going against grain and pulling off some stupendous numbers in Q3. I still like the business and its scalable nature but I move on. May revisit, if it falls to 4 digits
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