My views at current state, for whatever it is worth.
From middle of last year till about Pabrai purchase it went to stratospheric levels. There must have been some amount of stock price manipulation pushing it up, for somebody to get out at the top.
But, current price to me seems fair valued, ignoring all the ‘stories’.
Lets try to see from here on.
Is there any drastic movement of RM prices? No.
Assuming the AW accusations and money laundering to be true, will it impact their sales? Don’t think so.
Will any average buyer think of the accusations before buying their product? No.
Is the average buyer aware of these accusations? Don’t think so.
Will these accusations make KRBL to reduce their product pricing or cause margin reductions? No.
Will any loyalist change their brand after hearing the stories? Poor chance.
Is the stock fair valued? Seems so.
Their could be many other questions scenarios that we can analyse.
But what I feel is their brand and pricing remains intact. So we may be in a sweet spot to move in. Of course it may not be galloping multibagger, But steady returns can be safely expected.
Disc: Not invested, watching it.