We are just a breath away from declaring that Australia is in...

We are just a breath away from declaring that Australia is in recession. It is not surprising to see no activity on this or any other good value shares.

People simply have no money to put into shares or anything else not deemed non-essential.

I think we will have to wait another 6-12 months to see the signs of any sort of recovery in our markets. The next big date on the financial radar will be full accounts due for all companies EOFY 09. This will likely send a few more out the door and we will hopefully begin to recover sometime after that? Who knows?

Put these in your bottom drawer safe in the knowledge that those running MNF have a demonstrably respectable financially responsible history. The 2 active directors Rene & Andy have 50% of MNF between them, that's what you call "skin in the game" and goes a long way to explaining why this company has done so well.

With any luck someone with a bunch of cash will come in here and make a T/O offer, right now is the value zone for any potential investor, from this point forward MNF will start to really make some good money and may become a little pricey in the next 1-2 years. Come on Ch 7, where are you? LOL!

As I have said before, the buying is good right now if you do not hold or simply want to top up and average down, I have done this in recent months but there simply are not enough willing sellers are bargain prices.