Surely all of the negatives have been factored in to the share price already. To talk of US retail is quite broad. MCW are mainly into supermarkets - everybody's got to eat. They do not have a high exposure to the risky retail side of clothes, electrical goods, restaurants, etc. Interest rates are falling. Aussie dollar low - rents in USD. The main problem I see will be reduced valuations but they are still making money on the same bricks and mortar regardless of the valuation.
MCW Price at posting:
20.5¢ Sentiment: LT Buy Disclosure: Held
