MCS mcaleese limited
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Bad news is often followed by more bad news.MCS now has a...

  1. Im QE
    426 Posts.
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    18/02/14
    14:47
    Post #: 12951348
    Bad news is often followed by more bad news.

    MCS now has a surplus of unsafe, unroadworthy trucks that have large debts against them. With contract losses mounting and new concerns over the remaining contracts - Caltex and Origin.

    Current SP is still too high in my opinion. About 20% too high IMO.
    MCS Price at posting: 72.5¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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