How low can it go?, page-132

Lose money?

Mantra are not losing money. They are making money. Mr Market thinks they will make enough money to be a reasonable return based on today's share price.

You should do your own research. Do not have any faith in mobs like Motley Fool. Research and find a company with good management. Then find a good value for it and wait for the share price to come down to what you are comfortable paying. If it drops further and you have complete faith in the management, buy more. These drops in share price are like bargain sales at retail stores.

For me, there are two important factors (amongst many) to consider when buying the shares. Price to book and price to earnings. On both these counts, Mantra has been highly priced. The share price is coming back to a level where the p/b and p/e are compelling to buy. Ultimately, a company with a p/b of 1 or less and a p/e of 10 or less is a winner, so long as the future prospects are good.

Instead of Motley Fool, maybe look at Simply Wall Street. Their analysis says Mantra is a really good buy at today's price. https://**.st/ASX:MTR/mantra-group

Also, read a Warren Buffett book or two.