I think the market is scared of Metcash/IGA on the basis of a...

I think the market is scared of Metcash/IGA on the basis of a looming price war.

Woolworths is facing its slowest profit growth in almost 20 years, after finally acknowledging what analysts have been saying for years - that Australia's largest grocery retailer needs to cut prices to compete with Coles and Aldi.
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However, the move has triggered fears of a full-blown price war similar to that in Britain,


Read more: http://www.smh.com.au/business/wool...egy-resets-20150227-13q0vs.html#ixzz3TEKA4OvS

We have had "airline wars", in the middle of "iron ore war", soon to be "grocery war?".

The perception of the above would have (it did) spook the market and MTS is not a Qantas, Rio nor BHP.  This angst is likely to continue,

MTS's upcoming results will contain little or no financial impact of impacts of"looming" price competition.

I prefer to sit on the sidelines and see whether MTS is benefiting the Diamond programs  initiatives.

If i held, i jump out and buy at $1.38 or less.