what is the story with this dog., page-7

OK , steppin out there guys , going to try to establish why this stock is significantly undervalued .At this time I think it should be valued at aroung $4 .OK , why is it 3-13 .Firstly it is primarily an insto stock .I see AXA increased it's golding from 5 % to 6% in Jan 07 when MIG was 3-60 .So they are down 50 cents on that 1% of the company .I noted a NTA of 3-89 , but just completed 50 mill buyback , so lets just say $4 for argument sake .Why the discount , probably because the market is ultra-cautious & financially leveraged stocks are generally on the nose because of sub-prime .IE an expectation the interest rates will rise in the short-medium term and leveraged stocks will get sqeezed profit wise .Can anyone else out there , enlighten us?