set for a rebound, page-4

Not that I particularly value the Bell Potter reports, but below is an extract of what they published in September 09:

"After factoring in our earnings revisions, our DCF valuation has increased from $0.89 to $1.09 (WACC reduced from 13.5% to 13.0%, terminal growth 2.0%), which represents 13x FY10 EPS. With no net debt, very strong interest cover of 11.5x (EBIT / Interest Expense), and a track record of earnings and market share growth across the advertising cycle, MCU is worthy of consideration for investors seeking to gain exposure to the
continued growth in online advertising as well as a cyclical recovery in the traditional advertising market. We retain our Buy recommendation."

Based on the above, the potential of this firm, the consistency of their past results, the growth of the sector they lead, I am hoping that it can get to the $1 before the next reporting season... Time will tell.

When I think that this stock was at 35c a year ago... but by that time I was already fully loaded in MCU and couldn't afford buying some more... big mistake.