It hurts how accurate this has proven to be.
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There is hope - suspect that MPG sp has fallen a bit harder than it should due to expectations of NZX50 exit (proven right) and who they appoint as CEO will be critical.
If they appoint a CEO with great credentials (like Ralph Waters into FBU when it was broken), could be start of change in MPG's fortunes.
Warriors start the season in brilliant fashion ...this is going to be their season ....the serial under performer will be title contenders in 2018
Metro glass under a new coach will also be a contender for the stock of the year
Both reached the depths of despair ...Metro so cheap it’s not funny ....but thats behind them both now ....all go for the future
The signs are there
No doubt - FBU will make an outrageous takeover offer out of their petty cash account ;);
While I agree that there should be value am I not sure where I see the stock bottoming out. Predicting a bottom at this point is clearly not based on TA signals, isn't it?
And lets face it - Labour's ineptness to solve the housing crisis (they will make it worse by fighting the landlords, the investors and the industry) combined with the general woes of our building industry are not really helping towards a quick recovery.
Fake news - yes me guilty! :ohmy: (I posted mid day when MPG was sliding down, but it ended up even for the day.)
However, the following graph showing MPG's performance v the NZX top 50 is not fake news.
Only brave or foolish people fight the trend IMHO. One day when the trend reverses MPG may redeem itself, however until that time I'll be staying well away. GLH.
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