There are quite a few sellers in the stock right now. This company is not for short term investors. It is most likely that the company will slightly miss prospectus forecasts this year based on the share price action and the large skew to the second half. The good news is long term investors are going to make a good return in the stock as 2019 will be a bumper year with cash eps between 3-4 cents. That should value the stock at between 50 to 70 cents. In the meantime we could see lows of 18-20 cents later in the year with any missed guidance. Positive catalysts to see a meaningful re rate are confirmation of prospectus forecasts, a successful sale of Zuuse stake for anywhere between $6-$12 million or a large accretive acquisition.
MPW Price at posting:
24.0¢ Sentiment: Buy Disclosure: Held
