mfs gone, page-2

well im not losing hope. I think the fundamentals are there and i still beleive it was an oversell. I dont think 220mil of debt is too big of an issue.. well it wouldnt have been if the market didnt punish them soo much. 8 years ago they were nothing. before the crash they were the 8th biggest finance company in australia


although a problem at the moment is every margin lender has taken them off their list.. so if ur highly indebt (like me) and mfs is a majority of ur portfolio (like mine) then even if you had extra money in the bank you'll need even more now to maintain holding.

so alot of people will be selling as soon as it opens.