GREY:MBLKF - Post by User
Post by
SurfForWealthon Feb 13, 2004 8:23am
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Post# 7052513
TD update
TD updateThere was an update from TD on Feb 9 suggesting it was "time to enter a position". The stock rose quite a bit after that report Monday. They have a Buy rating & 12 month target price of $27.75. Comments from the report below;
"With a 21% drop in the stock price, MB trades at only 13 times our 2004 EPS estimates. We
recommend to BUY with a C$27.75 target. Reasons to enter a position:
1) The market overestimated the impact of the price war between Wal-Mart and Toys ‘R’ Us
last Christmas.
2) MB outperforms Lego and is gaining market share.
3) Double digit internal growth.
4) Long term relationship at leading US chains (e.g., Wal-Mart, Target and Toys 'R' Us) offering
US growth and international growth possibilities.
5) Agreement with Bandai will drive mid-term growth."