I guess the theory is to buy reasonable quality stocks at cheapish prices.
You probably summarised why MRL might be a buy (might be, not is) - Unrealistic price regime by another business that might pull out of the market or raise their own prices. Either is an event that could lead to a re-rating of MRL. By the time the event happens, a good chance the price already re-rated.
My thoughts? So long as MRL can hold their dividend they are reasonable value. As you pointed out things could happen to move the price north.
I bought MRL fairly recently, so am breakeven at the moment. I'm happy to be patient for some positive news. Any new negative news, or if they can't sustain the dividend, I might have to reconsider.
MJS
intellegent investor, page-2
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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 |
