Have recently recieved some free copies of the intellegent investor along with some free issues from last year. Would be intested to hear of peoples opinions about the huge support they give MRL (millers retail). They have been given stong buys and top buys to this company who until the Warehouse group either folds(as its losing money) or rises it's prices so millers can do the same in the discount variety business. To me at curent prices of MRL($1.70) it is not a strong buy but simply a hold. Until the WHS stop being a annoying problem why do the intellegent investor try to get people to buy into this stock? why not wait for conditions to improve for MRL 1st?
MRL has good management but the move into discount variety was a rubbish decision, why buy into MRL now? may as well wait for the competition to ease. Decent dividends is not cause for a buy.
Other dodgy decisions by TII has been to sell off Coles myer at around $6.60, support of the auditor wrap knuckle stock TEM as well as sells in QAN and AMC
intellegent investor
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Last
30.0¢ |
Change
0.005(1.69%) |
Mkt cap ! $123.3M | |||
| Open | High | Low | Value | Volume |
| 30.0¢ | 30.0¢ | 30.0¢ | $32.72K | 109.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2006 | 29.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 30.0¢ | 27482 | 1 |
View Market Depth
| Last trade - 11.41am 04/12/2024 (20 minute delay) ? |
| MRL (ASX) Chart |
