That has been my thoughts as well. MP1 received a sugar hit from the re-pricing last year, to bring them out of the duldrums, I feel the price action afterward did not account for the one time nature of the PoP growth metrics. Therefore when growth appears to slow again (when compared to the re-pricing impact) sentiment will turn sour again. From there I expect it to bottom, fly under the radar until it becomes "cheap", assuming they keep the financials sustainable, and creep back up. After a good period of stead price improvement, once past all the one time impacts, the market will take notice again and it will re-price back to a growth valuation.
Of course that is all wild speculation and I don't really know what customer growth will look like.
All IMO and GLTAH, please DYOR
MP1 Price at posting:
$9.43 Sentiment: None Disclosure: Not Held
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