Yep, hear everything you say and if only shares were to trade on...

Yep, hear everything you say and if only shares were to trade on such perfect financial ratio's - then again that would take all of the fun out of it(lol)

PPT certainly ignored such analysis when they dumped the stock down to 28c in Feb last year. I am a long time holder of MCP and I recall thinking when I bought some more at 36c how can one go too far wrong buying a stock such as MCP on a forecast p.e. of 0.90.

Ironically I note that PPT recently issued a substantial shareholder notice to the effect they are now increasing their holding in MCP!

A great stock, but I feel they have probably squeezed their cost base as far as they can, the AUD/USD fx rate is probably as good as is it is going to get, and there is not a great deal more they can generate on the sales front. An acquisition is the only long(er) way forward I can see.

By the way, MCP average long term debt over the past 10 years has averaged $95.5 mio.

Have a bo-peep at another of my pet stocks (and my posts) - MMS.