This stock is very undervalued and I am continually buying and averaging down at these level.
MIX's parent company MGR has a big reputation in the property industry.
If you dont know this, MGR has taken over Wespac office trust, and its highly unlikely that MGR will let MIX to go down. Obviously good times to come for Mirvac.
Also the CBA and Orbis have increased their holdings in MIX:ASX,
Ask yourself why would these two big boys be buying MIX?
Because they know that the property industry is slowly turning around in the US, and this stock is heavily undervalued.
IMO.
MIX Price at posting:
3.1¢ Sentiment: Buy Disclosure: Held
