why has mtu underperformed the market, page-2

Hi,

I don't hold any concerns for M2 not meeting it's end year target. I still support the view that they will most exceed their forecast given history.

The last market update was a presentation 19 May at a Goldman Sachs conference. The only thing that has happened between then and now is a change of market sentiment and profit taking / risk aversion.

M2 sailed through GFC 1 and has a very solid track record.

Do the Buffet thing "buy when others are fearful". You may not be able to pick the bottom, but M2 divy will be circa 15 cents this year and 20 next year and the target price remains 4 - 5 dollars at least.

SD