Feel free to ignore the analysts on this stock - just checked Reuters and concluded they are either a pack of retards or just taking the piss to give their own traders one last chance to accumulate (I assume the latter).:
Of the 4 analysts offering recommendations 2 of them have "underperform" recommendations, yet the LOWEST EPS estimate for FY16 and FY17 are US$0.19 and US$0.21!
So even the MOST BEARISH of these muppet MML analysts thinks the company will earn A$0.56 in the next two years which is more than the current share price!
And no doubt those calculations were done on a PoG that was almost certainly lower than its current price.
So unless you receive a prompt notification from Macquarie saying "we accidentally said 'underperform' when we meant to say 'get in now before this puppy explodes back to fair value on the back of a rising PoG'" I think it's safer to ignore whatever dribble falls out their mouths.
MML Price at posting:
51.0¢ Sentiment: Buy Disclosure: Held
