I really like this business, think its got good long-term potential.
But for the moment all I need to know is in this presentation - forecast NPAT of $7m assuming no surprises, and market cap of $239m. Forward p/e ratio about 34. When it comes down to 25 or so it could be worthy of a punt, but not now, IMO.
To get down to 25 (which is still fairly high!) means the share price needs to pull back to at least $2.80.
DYOR
MNF Price at posting:
$3.77 Sentiment: None Disclosure: Not Held