I will make another statement - but do you own reseach.
If MFS can clear the cr*p (and I mean the bad announcements already made are cancelled) - make a couple of good announcements demonstrating the new CEO has a firm grip on it, and is as good a manager as the analysts seem to believe, then we might have something.
I say might because we also need the most careful financial analysts and accountants to go over the Company.
They need to find good net asset value. Some goodwil perhaps still intact, a valuable staff resource, and a growth base for the future. That will take time because the Company and MFS Group has a complicated organisation.
If these conditions hold true then the share price should rise, possible even sharply.
The last thing we want is poorly researched and premature announcements aimed just at propping up the share price. That will kill it dead.
The roles of UBS and Merrill Lynch need to be checked out.
UBS was a primary lender and yet giving advice (I believe) about running the Company. Converting their debt to shares might be one way to keep 100% of Stella. I wonder what the market would think of THAT! Another sell off maybe?
Good luck to all holding the stock.
MFS
mfs limited
