Traditionally MCP has a high beta. With all these corona political viral shutdowns and fluctuating sales around government inspired dogma, it is reasonable expectation a linked stock would be lower as sales have been both beurocratically destroyed and management has dithered. Is it a good buy at a low point? Sure just wait until the charts turn as the politicians realise they do need business paying tax to pay off the trillion dollar ongoing extreme insert whatever virus propaganda varient “here”….. it should turn as the economy normalises. Of course it may not but looking at charts it has been these levels before on a few occasions.
MCP Price at posting:
82.0¢ Sentiment: Buy Disclosure: Held
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