A not so healthy correction, but comfort in knowing this is not M2 stock specific. I agree nothing has changed for M2 and once the current market ructions subside we will see m2 start to move higher again. Probably back to my earlier target of $6 leading up to end year results.
At the end of the day when the current market dust settles yield investors will still need to put their money some where. Banks are on the verge of their own rout given changes going on at present e.g dollar, miners also. E.g China. Telecoms such as M2 just keep chugging along making money.
I took some money off the table between 6.20 and 6.30 early this week so smiling still :-). Happy to let the rest of my holding recover in the fullness of time
SD
MTU Price at posting:
$5.26 Sentiment: Buy Disclosure: Held
