Even though this has cost me, in not selling out at the premium 9.50 like a lot of individuals, it has also allowed me to lower my buying average, as I hope for all of you out there that are stock holders. Long term I think this is a tough share to beat and this is the reason behind RM support for the stock.
Problems *Construction of Henderson has cost a lot of money and at present has not delivered (like expected) *Market baby for a little while and thus the market expected a far better quarterly statement, which in the circumstances is a little unreasonable *Terrible market conditions, which are only likely to get worse *Potential exposure to future competitors/current *How does this fall affect the institutional investors and have any abandoned ship in the last couple months?
Question? * Are the begleys capable of ensuring the continued strength or rise of this company?
I think having invested a reasonable amount into this stock I think I will use this as a buying opportunity
MCE Price at posting:
$4.30 Sentiment: LT Buy Disclosure: Not Held
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