This is an easy thing to say.
I hate using this example, but it's almost like a person living through hell in Ukraine saying: "Time will tell when the war is over."
I don't think most normal human beings would want to remain in a war zone and let time pass, they'd want to avoid it at all costs. The stress and uncertainty would be too much.
It is this context I apply to Magellan.
How much money can you stand losing? Can you sleep at night full well knowing this stock, as it keeps on doing, plunges 10-30% on more bad news tomorrow? What does "over" look like? A de-listing? A fire-sale of MFG? A 99% capital loss?
Staying in this stock is more extreme than extreme sports IMO. Without any actual turnaround strategy and a reliance on accounting gimmicks to prop up the share price (which won't work), this stock is more extreme than extreme sports.
No thanks.
- Forums
- ASX - By Stock
- MFG
- Ann: On-Market Share Buy-Back
Ann: On-Market Share Buy-Back, page-28
-
-
- There are more pages in this discussion • 112 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
SKS
SKS Technologies wins US$90M award to supply power to international hyperscale data centre in Melbourne
TLX
Telix jumps 11.6% as US government indicates proposed medicare changes won't affect prostate cancer drug
Add MFG (ASX) to my watchlist
|
|||||
Last
$9.44 |
Change
-0.050(0.53%) |
Mkt cap ! $1.706B |
Open | High | Low | Value | Volume |
$9.53 | $9.67 | $9.42 | $3.361M | 352.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1229 | $9.44 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$9.45 | 1457 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1000 | 9.410 |
1 | 2000 | 9.400 |
2 | 600 | 9.380 |
1 | 1550 | 9.370 |
1 | 108 | 9.260 |
Price($) | Vol. | No. |
---|---|---|
9.600 | 2000 | 1 |
9.640 | 230 | 1 |
9.650 | 3108 | 3 |
9.660 | 500 | 1 |
9.670 | 1700 | 2 |
Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
Featured News
MFG (ASX) Chart |