MEA 0.00% 59.5¢ mcgrath limited

Ann: FY21 Profit Guidance and Trading Update, page-4

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  1. 1,343 Posts.
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    As a value investor have had my eye on this one for quite a while, seems to me however like retail are fleeing based on doom & gloom predictions about a downturn in the Aussie housing market once expected rate rises kick in.

    Share buyback is a nice initiative but looks like a bandaid that isn't working for some reason. Shame because it has rock-solid fundamentals; would rather wait for sentiment to turn & then buy in even if it costs some initial profitability.
 
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