MFB closed on the NZX at 44 cents yesterday ... 40.7 cents in...

MFB closed on the NZX at 44 cents yesterday ... 40.7 cents in our currency ...

... whilst it still pays a dividend , and on PS & PE ratios looks cheap , that's based on last year's trading ...

The RBNZ is engineering a hard landing for their economy ... this suggests caution on MFB , more pain may be yet to come ..

...unrelated to MFB , the restaurants owned by a celebrity chef Josh Emmett were put into receivership yesterday , and he is a smart operator..

.... the food industry is doing it tough ... continue to be cautious around investing in MFB ...