FWIW I sold out recently. It was a tough decision but Morningstar have wound back their revenue growth and GP margin however still have a SP target around $11. They say competition is coming at them too and they may have to sacrifice margin to keep them at bay. BOD are very cautious. I do love this business but think the SP builds in a lot of blue sky. Not enough margin for error. Forward PE ratio is very high. I want to be a SH but at a lower levels. Shorters are selling as if there is no tomorrow and I respect their work. Time will tell if they are right or wrong. Plenty of other fish in the ocean. Shortman data below. 10% short shows a lot of cahoonas in my view. If management gets it back on stronger revenue growth path whilst not sacrificing margin there will be a lot of hurt for them. Stay tuned.
MP1 Price at posting:
$7.35 Sentiment: None Disclosure: Not Held
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