elee - IMO its nothing to do with debt, simply that residential real estate sale/management has now growth, no multiples or uniqueness that will multiply earnings and so why would one invest as very high risk that you will see capital reduction.
once the hype settles the company will be valued simply on what profit it can make
whilst J MGrath has done a great job of promoting himslef as a "guru" of real estate at the end of the day MEA is just a amalgamation of a bunch or real estate agencies - like any of the mid to high end offerings in every local area.
There is nothing sophisticated about it
MEA Price at posting:
$1.30 Sentiment: Sell Disclosure: Not Held
