All valid points 
I first looked at vst tillers in mid 2019 and decided to wait n watch (I used to run a concentrated portfolio back then and one Can’t afford too many mistakes in a 10 stock portfolio). Capital allocation, industry headwinds, employee fraud, ceo resignation were among reasons that deterred me from investing back then. However as they say everything is good at a price.Vst may not get re- rated but earnings growth alone can make this a good bet and we have good reason to believe that is possible. The new ceo over the last 2 years has done a lot to inspire confidence and at this point one can only hope that the same continues. It’s just that I am not comfortable betting big on anything that’s linked to the agrarian economy Hence a 3% allocation here
3 Likes