Ive had since 2007,been looking to buy more since drop,but was...

Ive had since 2007,been looking to buy more since drop,but was waiting for announcement which came out this morning.I'm not a trader,I buy what I think are stocks at good value and hold for years.I come unstuck sometimes,but overall ok.Been buying since 1995 and still well in front.eg,ANZ ave $7.00,WES ave $8.25 etc.
MMG bought last year,not a great year to be buying but thats the way it went.On looking at the announcement and earnings for the last 6 months of $40m and taking into a/c next year earnings will probably fall 20+-%,probably looking at $60m+ for full year.They're buying back 10% now 21milln shares,with another $50mln worth from Jan 13th.If they pay say an average of $1 a share,that will leave 140mlln on the register with $325mlln cash on hand,with earnings next year+- $60m which equates to 42c a share.Lets say it needs an extra 12c a share for refinancing its debt after paying off the $325mll,that still leaves 30c a share to go to shareholders from 2010.With only upside from there.With interest rates plumetting,youre going to get at least 10% on your money at $3.00 a share.I reckon anywhere from $2.00 onwards should be ok from 2010.We've got to give 2009 a miss in forecasting.I reckon all ords could be 2700 or lower at end May.So got to buy for after Nov next year.I got enough for me today at 62.5c on open.Thats my thoughts anyway,cheers.