GREY:MLKKF - Post by User
Post by
bjorn3d2bon Oct 07, 2008 12:58pm
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Post# 15510776
UNBELIEVABLE!!!
UNBELIEVABLE!!!The only way to make sense of this is to believe that we are witnessing complete capitulation in this stock. The company continues to claim that nothing has changed but IMHO something has. How can it trade at or near 1x 09 PE??? There has to be a logical explanation for this. Maybe we are in for a calamitous depression. Under $200 million market cap?
I sure can feel the fear and am concerned about a market that can allow such pricing. When we get through this and the revenues start to increase as expected I think ML would be well advised to consider paying a dividend in order to put some base in the value of the shares. I know it has been thought about but now I think they should have a serious discussion with the board. Bear markets like this don't sit well with stocks that don't pay to be there.
Meractor I think it is time for full public discloser despite the market condition.