MCE 1.89% 26.0¢ matrix composites & engineering limited

rogermontgomery and warren buffet, page-7

  1. 2,965 Posts.
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    A great sale man can convince anyone :-)

    He is a great sale man re-brand ideas that been around since Phillip Fisher and Benjamin Graham and called it something else and a long the way get the mass to believe he is some sort of oracle.

    I post on Aussiestock forum when MCE doing capital raising around $8 ish and ask people why people buying at this crazy price? this business maybe great but ONLY in certain circumstances ...

    the business model itself isn't that great ..
    it has high capital requirement and very large fix cost.

    if they don't win some large contracts, cash can run out very quick very fast...

    Good luck people, not my type of business :-)
 
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