can anyone explain share price drop, page-39

EL

The way this share is going it could hit 80 cents by the end of this year, especially with a major world recession in key economies.

Earlier this year I thought $2.20 was a tempting price for MCR. Not any more. There are too many other opportunities out there. Cash is king for now.

With higher interest rates PE ratios tend to fall, so even though MCR has a low PE now, it could go lower given margin squeeze and a falling share price.

MCR is on my short list for when things have "bottomed" however one defines this and whenever that might be.

loki