I bought into MAP for my SMSF at about $3, some would say I should already have exited via stop losses but it has paid 2 great divvis in that time. On the other hand, the $1 one you mentioned is news to me.
IMHO if 'they' keep smashing down the SP without reference to fundamental earnings the annual divvis will eventually exceed the SP [it won't be the only stock in that category either].
IMHO given the current insane aversion to anything to do with 'credit' & with the introduction of cfds onto the ASX MAP is one of the stocks targeted by shorters et al. The volatility has spooked many investors who have pulled the plug & fled to $Cash.
IMHO BigMac's retrieval of that obscene 'performance fee' also spooked investors & greatly undermined the Macquarie model in their eyes [mine too I might add]. Otherwise I would agree that MAP is a pretty solid cash cow.
4YIO - NFA
MAP Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
