MGC is a good investment for long term holder, page-2

Well... I think after the Coles deal, the recently signed distribution agreements and announced development of their Davondale branded milk powder for sale in China, MGC's future looks very promising and much better than when it was trading around $2.40-2.50 range. So logically we should see the SP getting back to that range relatively quickly and hopefully achieving much higher range by mid this year. Some broker's recommendations of 2.60 seem very realistic, not to say modest. In comparison to A2m and BAL, MGC has got much stronger production capacities and the SP has never seen the kind of multiples those two enjoyed...