HUGE - Bankruptcy risk off the tableEveryone knows this is a $15 - $20 stock when the chip shortage is solved, and two years of pent up auto demand lead to years of strong auto parts demand.
So, why did it get down to $7.50?
Enough people were worried about the possiblity of breaching bank covenants, even a forced fire sale if the chip shortage dragged on, that there was a non zero risk of bankruptcy being priced into this stock.
Whether or not you want to believe it, this stock doesn't get to this level without investors selling because they are not sure about their being a future return to $15+.
This report takes that right off the table. This report enables funds and individuals to feel comfortable that a $15+ stock is a year or so away, so its worth investing the money now.
This report was HUGE for MRE, and I'm adding on the news. For them to be improving this fast, with auto inventories this incredibly low worldwide is outstanding. They will survive the lean time, and prosper in the boom times to come.