Why I passed on CTD., page-59

Wild ride this one is!
For me, CTD is a quality biz but at $30, was overvalued. Have thought that for a while and any shake of the tree is going to be substantial. I still don't think there is anything untowards in the biz. Having a look at the sales revenue alone and there is consistent growth and you can't fudge the numbers for that long, showing that sort of growth.
Looking at a macro level, the only region of concern for me was USA where it was somewhat flat growth. All others performing well.
CTD looked like a good shorters target. Sky high PE over an extended period and getting higher with every financial guidance announcement. Not surprised we are where we are now.
I lost over 100k in last weeks antics but my investment thesis hasn't changed. If I was a trader I would have sold as OP said at $20, but 12 months on, I'd value CTD at higher than 20.