It's been a bit disappointing of late, but we've been in a long period of consolidation. HFG is the global leader and they are spitting out profits and free cash flow. MMM is still reaching a point of scale, so the market may not be willing (at this stage) to value it at a high premium just yet. We also had a 1000%+ run from March to July last year and since then we have been consolidating for nearly 12 months. Can't be sure when we start heading up again, but we will and when we do, we probably start catching up to HFG on the comparison above. HFG also hit 80 euros last night, which is just short of 14 billion Euros in market cap, which means it is worth $22 billion aussie! Plenty of upside here for those what are patient enough.
MMM Price at posting:
$2.50 Sentiment: Buy Disclosure: Held
