MAP is not a great stand alone stock, i agree. The mere presence of the BANK ripping fees does nothing for me. But, we must remember that MAP was set up to feed the mother and its worked well and will continue to do so for many many periods, regardless of downturns.
Its a business that Macquarie know has great economics - the pricing power will/can sustain enormous debt regardless of how debt averse the world has become.
In regards to Albanese, well its all rhetoric. The media has had a dig at the parking, but so what? Travelers will continue to park & travel albeit with a whine and whinge.
The moral: MAP will do fine. The BANK will do much better!
MAP Price at posting:
$2.27 Sentiment: None Disclosure: Held
