In the same way Dominoes was when it's PE went past 60, the...

In the same way Dominoes was when it's PE went past 60, the fundamentals of the business didn't merit the sp simple as that. The lack of clarity, poor mngt & dodgy fee structures were the cause of the crash but buying at that valuation ($11.50) was crazy. Neither the PE nor premium to NAV were merited for this sort of business which was why i wasn't a buyer at $8.50 let alone $11.50.
I briefly held BAF, which was better value, but the returns were too low for my benchmark so i sold out months ago.