MIG should do well over the next 6 months as the launch of the M6 in the UK gets closer (Infrastructure stocks generally do well in the 6 month ramp up period preceeding the launch of a new asset). The M6 should be a good share price driver (pardon the pun) and will probably become the jewel in the MIG crown.
Having said that, MIG is suseptible to higher bond yields so it may come under pressure if yields continue to rise. In the short-term, the share looks like continuing its downward trend.
Over the longer term, MIG should provide good growth over the next 5-7 years before maturing and becoming a value stock.
I'm keeping my eye on it and will be looking to buy in at around the $2.80 level.
MIG Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
