How to Sell Out a Deep Value Thesis

The company's margin went from 4% to 6%. That was like 50% growth in profit on the same sales. So anyone who bought then on this slow post growth business has made a 300% return. You've 4xed your money in that kind of business. The thesis that you bought on is no longer relevant. In fact, it's completely evaporated. But whenever the growth outlook remains super strong, whether you're up two, three, four, 500%, that's, don't sell on that basis.