Many are thinking LT with MDTR. Thats fair enough. The 2 most likely LT scenarios are : (1)100% takeover by EPN at a premium to 5.5c (2)higher sp as result of lower debt and property valuations.
But what you really need to be considering is ST. ie will I be able to pick up MDT at less than 5.5c either now(it has been 5.4c on occasion) or after the recap.
One would think with 4bil units on issue their might be some selling pressure.
Also in my mind I would anticipate a unit consolidation at some point near term. Everyone knows that usually results in a lower share price.
Between selling pressure and consolidation I think big chance we will see under 5.5c in the first month post recap.
LT definately worth buying.
For me its a matter of timing. Obviously buying now means you can lock in a good price and great volume 3x your existing holding.
Waiting could work, but might be worse off. Its an individual choice. Im prepared to wait and hope for lower entry but wish everyone the best of luck.
MDT Price at posting:
5.5¢ Sentiment: None Disclosure: Not Held
