One thing I've been reminded of is that they will be paying tax in the coming financial year, having wiped out previous accrued losses. This will obviously affect the FY13 NPAT, but jeez it still looks cheap to me. I'm perfectly happy for the price to stay reasonably low, it gives me more opportunity to buy :)
according to the recent presentation, the NBN provides new opportunities for MNF. Management have a new concept in the pipeline apparently and are looking to sign off on it soon. It's well worth a look if you haven't already seen it.
MNF Price at posting:
38.5¢ Sentiment: Hold Disclosure: Held