i had always predicted that MMS would go into the low $8 range,prior to FY report,but not on the back of very unethical company standards.the one and only reason they could always beat the opposition in the past was because of exemplary business principles.obviously this has been very tarnished from this episode,and there is no way that the implications can be just "swept under the carpet".
i think people who own shares in MMS and keep continually arguing that if you wait until the FY,then you will have the belated rise in SP,are not what you would call "financially intelligent".even if you wanted to support the company for the long term,"blind freddie" could have made a certain profit by just selling,and buying in at a more optimum date,alah,close to FY.
now you have this latest debacle,which will even put more downwards pressure on a struggling stock.
ps-i suppose at least the above mentioned thankfully aren"t fund managers.
cheers crazypunter
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