re: analysts downgrade macbank
Analysts severely criticised MBL's business model about four years ago, and its shares were sold down to a bottom close to $18. Their business model returned the goods, look at their profits now.
Now MBL are going global and implementing their business model o/s, and being criticised again. The Indiana road purchase was a high price to pay, but just how many US states will now be willing to sell their roadways - thoughts of a big pot of cash must be tempting them now. The point is, MBL could very well be making a lot more money from future o/s ventures in several years time.
Just my opinion, not advice to buy.
Best of luck.
TDF
MBL Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
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