MCE 3.64% 26.5¢ matrix composites & engineering limited

Definitely a solid value play. Intrinsic value at $9 plus - this...

  1. 1,116 Posts.
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    Definitely a solid value play. Intrinsic value at $9 plus - this from a couple of very respected sources.

    Upcoming financials will be keenly anticipated, but a company that expects roughly 80% growth for FY2012 and a more reasonable 8% the following FY, at this discounted price with the demand for their technology as strong as it is and will continue to be - anything under $6 is a steal... Sure it may go lower (at which point I'll buy even more). Sooner or later the market will catch up with the fundamentals.

    In short - don't stress it but keep more funds to take advantage of any future bear market volatility!

    Remember, CR was done at $8.50 a share and back then it was seen as good value. Nothing has changed fundamentally except the lucky people who are loading up now get a severely discounted bargain with $30M in the bank outside of earnings. I wouldn't be feeling fear right now (depending on your timeframe for holding the stock), I'd be thanking my lucky stars to be able to buy in at these prices...

    Anyhow, my 2 cents worth. Good luck all!
 
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26.5¢
Change
-0.010(3.64%)
Mkt cap ! $72.45M
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28.0¢ 28.0¢ 26.0¢ $140.0K 528.5K

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2 49361 26.0¢
 

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28.0¢ 100000 1
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Last trade - 16.10pm 26/11/2024 (20 minute delay) ?
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