Ok, I guess I confused you. What I meant is, if margins continue to tumble, then for sure I will stay away from it. My idea is not to buy just at cheaper valuations but when it begins to show an uptick in its margins. Given the current situation and the recent rally, I am saying that its valuations will anyway come down further (just my opinion). And let’s say next quarter if they show an improved performance, you might as well start buying some then where you can feel more confident about the prospects and you would be getting it for cheaper.
2 Likes