I cannot see how this stock can be valued so highly with so much debt and not having paid a dividend since April 2013.
I think the FED will be lifting rates again in June and so an efficient forward looking market will be expecting a stock like NCM to be going lower from about now.
I'm in for shorting this ... only a weaker AUD will help this stock or a high POG.
Regards
nzrugby
Short The Highs
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