I hate using this example, but it's almost like a person living through hell in Ukraine saying: "Time will tell when the war is over."
I don't think most normal human beings would want to remain in a war zone and let time pass, they'd want to avoid it at all costs. The stress and uncertainty would be too much.
It is this context I apply to Magellan.
How much money can you stand losing? Can you sleep at night full well knowing this stock, as it keeps on doing, plunges 10-30% on more bad news tomorrow? What does "over" look like? A de-listing? A fire-sale of MFG? A 99% capital loss?
Staying in this stock is more extreme than extreme sports IMO. Without any actual turnaround strategy and a reliance on accounting gimmicks to prop up the share price (which won't work), this stock is more extreme than extreme sports.
No thanks.
MFG Price at posting:
$15.74 Sentiment: Sell Disclosure: Not Held
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