i like the mes story - im in

Hi guys

I have followed MES for about 9 months now and have read this forum with interest.

After a decent amount of DD I have been buying MES and finished my purchases this week.

I agree with most people here that this is one of the most undervalued stocks on the ASX.

IMO a dividend of 2-2.5c is possible for the next 12 months, which places the stock at current share prices on an amazing attractive dividend yield. It is worth holding just for the yield, not to mention the SP appreciation once the company demonstrates a track record in dividend growth and the associated earnings multiple valuation.

A fair bit of interest in the stock today, which I take to be positioning ahead of the AGM next week, and the expectation that they will provide a 1Q trading update along with FY10 guidance. Unfortunately I wont be able to make it to Adelaide.

If Gustie or anyone else here will be attending I will appreciate the feedback.

And everyone, keep up the good posts.