There are many fundamental changes occurring in our Australian economy but most people helped along by Bill Shorten's ALP who control the sentiment of 55% of our population have been led to believe Australia IS NOT in a bind. Those on welfare want to believe their income and benefits are secure and the ALP are giving them the comfort they desire.
Many investors have not woken up that most non mining companies are also in a bind in that those high yields offered by our banks and other industrials are not going to be sustainable in our contracting economy. The property market looks good only because of Asian buying and propping up our market and making property owners feel richer but the underlying mathematics of high priced wages supported by our ALP and now high priced Public Sector Workers supported by our financially inept MP's like the Greens & Jackie Lambie are leading the country into a false sense of security for those workers relying on the public purse to give them a living, when their money comes from only two sources, borrowed funds and taxation of the haves who wont be too happy to have higher tax imposts imposed on them especially when they feeling the govt going to be robbing more of their hard won assets..
Our LNP have failed to deliver the real message which needs to be prosecuted..[ Bolte style ] ...because they don't want to scare the investors who not yet woken up and others who want to think positive. Yes the Aussie stock market is collapsing for good local & seasonal reasons and yet the fake market in USA continues on its merry way underpinned by several QE's.
What's this got to do with MBE you might ask? Well it has a lot to do with earning growth from overseas sources when previously it was farming and mining in Australia, now it going to be less mining and MBE is well placed to be seeking its fortune overseas in this the digital age and it should be easier than putting up with the old traditions of Unions blackmailing employers to get higher wages or holding up deliveries of concrete or imported stocks at the wharves, or fighting the Greens & EPA to get permission to mine minerals out of the ground, or paying ex MP Lobbyists or political parties a donation to ensure their inside public sector workers increase their paperwork productivity & hurry up issuing permissions. None of that involved in the MBE business Model at all.
They in the customer focused entertainment and money transfer business using modern marketing techniques, better and safer than even the banking business imo and sure there is competition everywhere but imo they can get a piece of the very profitable action too. It may fluctuate but imo it holds greater promise than most other stocks on ASX maybe even better than Nearmap, but obviously the share price might not accord with my views for some time. DYOR
MBE Price at posting:
16.0¢ Sentiment: Buy Disclosure: Held
