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People may not buy affordable clothes from Padini now, but next year? And the year after that? Do you think clothes are meant to last forever? Don't you think that in times like this, customers would prefer cheaper goods over luxury brands? If you believe more people are going to buy clothes after Covid crisis, eg next year, then you should also believe Padini's share price next year to be more than now. I choose to believe Covid crisis will end next year & things will normalise thereon.
Disclaimer: I have indirect interest in Padini shares.