Full year result, page-46

Great, my comment wasn't even published. I spent over half an hour writing it....

In short, i think Medusa is in a position to change its fortunes around with the right attitude. Transfield for example, was in a worse off position with it bucket load of debt. I bought it at 84c with people saying sell, sell, sell! Thanks to them freezing their exec salaries and paying back debt with whatever cash they can make available and winning a few contacts by becoming more competitive in the market within months, their SP is now at $1.40. Transfield also sacked heaps of workers but nevertheless was able to turn things around..

Medusa is in a better position to achieve this. Nil debt issues. MD has already been changed. Now it just needs to put in some hard work but no reason why it cant turn its fortunes around if transfield did in a more competitve market.

To be honest, this company seems to have many panicked investors, which is the reason why the SP is now at $1.24 for a POG of $1287. I bought in at $1.95 at POG $1300....in other words the SP has been punished by in excess of 40%. It is undervalued by far. I still believe it should be trading at the $1.50 range given the news it released. Its not the end of the world. Its unfortunate that investors of MML look at the last couple of quarterly's as opposed to the way ahead. They live in the past and as the thread indicates, are negative minded.