criterion upgrades mtu to a buy

Hi,

The buys calls begin, I expect the share price to turn from here.

Looks like the market didn't like the announcement of Vaughan stepping aside. I must admit I was a little worried when I first saw the head line. However I see this as positive given Vaughn will ow be in a position to focus on the big picture stuff including acquisitions. This s where M2 has a proven track record for growing wealth.

Criterion had M2 as a hold at $2.75 in December last year. We upgrade it to a long-term buy: the stock looks cheap and yields a Telstra-like 8 per cent without the NBN angst. As for Bowen, with a swag of 8.5 million shares, he's got $23m reasons not to stray too far.


http://www.theaustralian.com.au/business/opinion/m2-telecom-chief-vaughan-bowen-steps-down-after-golden-run/story-e6frg9lo-1226124852044