Would like to understand more on Value investing. I have read so many times that you should buy the stocks when their is blood on wall street. Now a days whole pharma sector going down , Margins going down , so many macroeconomic issues ,I am buying good quality pharma stocks (Sun , Lupin , Divis , Aurobindo , Glenmark , Ajanta) from last two three months , but they are going down and down.
but is it the right strategy to buy in such depressed scenarios when whole sector is having so much problems. At first it looks good to me as I am getting quality stocks at cheaper prices but at the same time Profitability , Margins , growth are affected and also regulatory issues.
So would you guys consider this is a chance to buy this sector (as a value investor) or you will ignore it and park money some where else as the business is getting affected and regulatory concerns are thier ? Sometimes we think we are buying value but later realize that our money has stucked and than we keeps on holding and hoping for the growth and profitability to return