MSV 1.20% 41.0¢ mitchell services limited

This stock has now dropped $30M in value since the announcement...

  1. 1,209 Posts.
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    This stock has now dropped $30M in value since the announcement of the bad debt.
    If that had not happened I would assume the price would be atleast 55c.

    Going through the numbers on the weekend, there is a lot to like. The amount of cash flow generated after capital spend was decent for the 1st half (even with the bad debt) and will be more than solid for the second half.

    Cheap.




 
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