Stockmaster69 - not very nice calling me an idiot! I'm devastated. Didn't say it would end up like ION and SGW - but best to stand aside as even they had rallies - that was my point - even the worst had up days in their demise.
ok - now lets forget the personal stuff and consider this -
In the past 6 reporting periods MRL eps growth has been
-35%, -37%, +8%, -2%, -2%, -48%
In the past 9 reporting periods the Operating Margin growth has been
-11%, -30%, -30%, -22%, -14%, +7%, -7%, -7%, -37%
ie from 10.6% op margin down to 2.9% last report...
This is BEFORE the profit warning!
Return on Assets has also fallen from around 35% to 7% over 4 years.
Retained profit fell about 61% in the last report and now dividend cancelled too.
Do your own checking and research - these are my rough calculations and I might be wrong!
MRL Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held