howdy Guys, i posted some time back my concerns regarding MDT. The point we all need to be aware of is the unreasonable discrepancy between the stated NTA and the market price.
The issue here is the "reasonableness" of the discrepancy.
Either the market is right or the company is right - but not both!
It seems clear to me that s/h are being fed bulldust.
We have never been given cashflow forecasts etc, to show us how MDT can repay its debt, and pay interest.
To illustrate how selective MDT is in the presentation of information look at: 1. the tenancy figures they quote exclude Mervyns numbers, 2. the head line profits they quote exclude huge writedowns, These things are indicative of the selective nature of the information flow.
The real situation is that MDT is in voluntary liquidation (albeit without a formal liquidator appointed). The directors, true to form, call this a "strategic review".
I have virtually lost my entire investment in about 6 months -thats a record for me. This has all the earmarks of a class action in the making.
cheers
MDT Price at posting:
4.9¢ Sentiment: None Disclosure: Held
