That juicy $160m forecast revenues from the new DC at 50% earnings/margin look completely ignored at the current share price. Slight delay in commissioning and with the dividend suspended it's understandable why she floats at $19-$20 but there must come a tipping point where big positions must be built anticipating the uplift in earnings.
I'm still out after exiting in the low $20's but I'm now thinking of channelling some capital into a good position in MAQ by about August/Sept this year & hoping I step back in before that tipping point.
MAQ Price at posting:
$19.78 Sentiment: Hold Disclosure: Held
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