Definitely an attractive opportunity. However, keeping an eye on the chart pattern.
The last 7-8 months, the stock has been making lower tops and bottoms. Unless it goes to 13-14 PE, I personally will not buy it. However, I will be ready with the cash. Very high-quality company, transitioning to a stable AMC business.
However, you can buy if a further 10-15% drop does not bother you. Because I feel long-term (>3-5 years) will be good.
Stance: Quite biased. This is the highest allocation in my portfolio. Looking to invest more, if the trend reverses or stock becomes extremely cheap. Currently, 10% lower compared by average buying price
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