"I am certainly not discouraged. Given the rout of the private sector construction industry it is of no surprise that hardware sales have been affected. Agreed that the "known knowns " have been factored in. "
Really challenged business, having to run the balance sheet harder in order for the P&L to merely stand still. But the crunch in the stock price in the past few months has left it looking like it is priced for the current sub-optimal outcomes.
[My experience with observing these sorts of situation tells me that the line between value opportunity and value trap is a fine one. I don't think MTS is a value trap, but it is also not a high conviction investment.]
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MTS Price at posting:
$3.23 Sentiment: None Disclosure: Not Held
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