@Mudassir_Parvez – I feel the worst baked into the price (things have only gone from bad to worse in the Middle East, unfortunately, since I first posted my thesis). In my view my thesis still stands – as soon as they figure out a game plan for Saudi and as soon as Iran normalizes KRBL should benefit hugely from it. One more note I want to make is: I feel the management overpromises and underdelivers – they’d said they’d fix Saudi by Diwali but there has been no progress/communication on that front.
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