You keep using that word; "undervalued" with MXC. There is no such stupid thing as under or over-value when a stock has had its run, which MXC has and when a stock has been in the radar, and with such stocks, the market has decided the value is what it is. What people here to not underestand is that a company is not just its product (and the market for it), or its potentials within a sector or even in its own product merit. A company is its product, the market for it, its potential AND, YES A VERY BIG CRITITCAL AND, AND its management!
In fact in terms of where the investors' money has been allocated to in this company, the management has been a significant portion of it compared to money spent on the projects/product development. Sure that is generally ok because management IS part of what company is. People invest int he company and as part of that they invest in the management. Now, the product may be good but if the investment in the management shows signs of low quality then that is what you get for SP. There is no such thing as undervalue.
Sure, the management has been doing "better" BUT market is a tough place and punishes mistakes, however past. Unlike a GEN-Y mentality, things do not result in market's sentiment turn around over-night. Some individuals may like to forget and forgive but the market as a whole is not a fish or dori!!!
So, yes, it will have a "better" value, when the management will have proven itself over a period of time long enough to PROVE vision and focus.
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