I agree ... MAPs trade in a very tight range and appear to be taking a horizontal breather at the moment.
My thoughts are that MAPs are a wonderful superannuation stock. Quality assets ... substantial high current debt ... sound, no make that very sound financing principles ... astute management.
As debt levels decline and income stream grows and debt is refinanced into ever better deals I feel this stock will be significanly re-rated above the current P/E of about 4.5.
Cheers
MAP Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
