Hi John,I remain bullish on MTU hence the long term buy...

Hi John,

I remain bullish on MTU hence the long term buy disclosure.

This is the first business decision they have made that has me questioning the wisdom in the decision.

Picking a poor performing company at discount is great as long as your confident you can turn it around.
MTU has little debt so not worried about that.

Feb report will be the clincher if NTU has failed to maintain revenue in current market conditions then I dont see there share price moving in the short term.

Fundamentally this company is worth 90c at last years report $1.05 incorporating future earnings with the peo aquisition.

It very discounted at the moment.
Very uncertain times with the current bear market and poor outlook for the next 12 months.

Im perosnally picking MTU to perform in the half year and an appropriate SP adjustment once the aquisition in approved by PEO share holders.

Notice PEO's write down of goodwill - games going on at the moment.

Hold on and enjoy the ride.