I believe some skeletons of the previous management are coming out now as the current management has excess emphasis on risk management. They are also speaking of now opening branches which goes against their core of being a digital lender.
All in all, its now clear why the entire management was changed and a new one which is well experienced and is well reputed has been brought. They are looking to put the house in order. Clearly as they stated 4-6 quarter is the time they need to put a solid foundation for the future and change its DNA.
My personal belief is that its a painful 4-6 quarters for this stock however the good thing is that management has not scaled down its future guidance. I am a long term investor in this stock and yes its a tough decision to still hold it but i still will be holding this stock for long term.
Plz give your views on results as well
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