I had invested in this company 2 years back, every time I read more about the company the worse it felt to me. From product portfolio to management to market share, they produce copies of popular products with similar name. They have even faced legal battles due to this. They don’t have much growth prospects as far as I remember.
At that time I didn’t have much experience in investing and invested on whim of some good news and PE ratio only. After I started reading the annual reports I started realizing its a wrong bet. Although I have forgotten details about my research/homework but one thing is certain I have blacklisted this company for any investment purpose in future. I felt relief after selling everything I had after few months of holding it. I was so desperate to sell those shares I didn’t even wait for any opportunity or chart pattern and sold it in few percent loss.
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