Hi @asxunsullied
What about the opportunity of not buying other stocks, WES or CSL or MSFT for example.
If MFG is going backwards for a year or two and is at risk of lowering earnings and dividends over this period further, why buy now? Why not wait a couple of years and earn dividends and capital growth somewhere else? A bank account at 0.5% interest may be better at the moment.
Should retail investors take on risk of whether MFG can turnaround or not, particularly when management are not open and honest with market?
The Magellan Brand is in trouble and will present in outflows or inflows in coming quarterly announcements over 2022.
Best of Luck
Lost
MFG Fair Value, page-26
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Last
$10.79 |
Change
0.060(0.56%) |
Mkt cap ! $1.950B | |||
| Open | High | Low | Value | Volume |
| $10.74 | $10.86 | $10.53 | $10.06M | 939.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 87 | $10.78 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.80 | 1000 | 1 |
View Market Depth
| Last trade - 16.10pm 19/08/2024 (20 minute delay) ? |
| MFG (ASX) Chart |