""DID NOT have any ability to factor in a severe deterioration in ASSET VALUES""
Should read:
""DID NOT have any ability to factor in ANY deterioration in ASSET VALUES"" i.e was based upon the assumption that asset values would always remain constant or increase.
PS: The point of my post is any investment decision in MAE especially (and any other share for that matter) needs to look at BOTH the negatives AND the postives.. it may result in a decision to decrease your exposure, increase your exopsure or not invest at all, but at least the decision is made by not focusing exclusively on the positives, as it appears is happening by a lot of investors in MAE.
And forgive me if this looks like a bit of preaching (I suppose it is), but if what I have written can help even one person in the long term, I will be happy. It's an approach that I have seen work all too often to not share, even if I am stating the obvious, come across as arrogant or whatever- I am continually surprised how often stating the obvious actually helps people re-assess their outlook and approach.
MAE Price at posting:
39.0¢ Sentiment: None Disclosure: Not Held
