RE: $142bn infrastructure works underway in GCC You are right panhandlephilli, A lot of labor will be needed and MIT is already well position over there to look after the payroll of many "unbanked workers" . As we know MIT has been adding contracts and more are coming
This is from Dec-29-2011 NR
Mint President and CEO, Nabil Bader said "Our business continues to grow in the UAE market and we are delighted to report that our core UAE business unit is now EBITDA positive. Our fiscal 2011 Q4 Revenue of $1,305,572 already indicates an annual revenue run rate of $5,200,000+ (up 51% from the previous quarter) and does not reflect the impact of the Workers Equity Holdings BSC acquisition revenues nor the additional contracts secured during Quarter 3. In November 2011, the impact of this already sees the UAE business annual revenue run rate at $6,000,000+ and with the additional contracts added, we look forward to increasing profitability for the UAE business in 2012 which will also contribute to the improvement of revenue and profit growth on a Corporate consolidated basis".
On the technical side MIT is clearly on an uptrend , and some bullish signals are getting stronger, we have the 50 sma crossing the 200 sma, as well a cup and handle has already formed, ( very bullish pattern ) and indicators are turning positive.
They won't be able to keep it this low for too long,
Always do your dd
SB