re: so where to from here? The "Wembley fiasco" is only one of about 16 projects MGX is involved in .... yes, they stand to lose over $100 million on this $1.2 billion project .....
BUT .... it really is only a 'one off' setback for the group ... and 'construction' represents less than 30% of MGX's activities.
My view is that MGX is a buy (medium to long term) at anything below $2.50 and I will be looking to enter at these lower levels.
One 'blip' does not spell ruin for MGX - I rate it as a first rate recovery stock which is on offer at low prices that are a rarity for a stock of this nature.
Opportunity is 'a-knocking' on this one, I reckon.
MXG
multiplex group
