OTCPK:MCPIQ - Post by User
Comment by
mjh9413on Aug 03, 2012 2:35pm
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Post# 20182375
RE: i am thinking 5.00 on this stock?
RE: i am thinking 5.00 on this stock? Not crowing but it was pretty clear in June that this should go to $13 for the very reasons that proved out. Cannot however see it going to $5 but they sure paint a gloomy scenario on project costs and potential additional financing!!!! The NEM division will be a full qtr support in the current qtr and so will be interesting to see but again the auto industry is having its challenges sales-wise. NEM might prove the saving grace for MCP but with all that goodwill and intangibles they surely overpaid for recent acquisitions which brings one down to mgmt capability. I will look at again if it hits $9 but is otherwise not worth the risk as costs and financing needs plus little chance of revenue gains definitely create severe headwinds.