AGO up 40%

Good to see our largest customer AGO is up 40% today. If they do well hopefully so should we. If iron ore can make a slight recovery it can only help MCS.

With an EBITDA of $90m surely this stock should be trading higher than what it is. PE is very low when compared to peers.

This stock appears to allow exposure to iron ore movement yet the protection of having a more diverse base of prices go lower.

I am long on this stock but it is still largely exposure to resource sector. It would be great to see them diversify sooner rather than later to move non-resource focused goods.