I don't think the Jaya acquisisiton was bad - just terrible timing which has given reason for shorting the stock. At the same time it has given me an opportunity to invest in MRM at what will hopefully be bargain prices.
One point which I found of particular value was the comment made about asset sales for efficiencies... A persepctive I hadn't really considered - one that makes sense though. My worry is and will continue to be though that the servicing of debt will be difficult if this environment continues... It may also force asset sales (due to debt obligations) which MRM do not want... Anyway this is the downside I see, and I feel it needs airtime but I am happy holding. IMO a buy below 35c, a hold at 50c
MRM Price at posting:
37.5¢ Sentiment: Buy Disclosure: Held
