Not such a bad prediction A few weeks ago when MCR was still trading above $6, I mentioned the risk for a serious decline. I referred to $4.79 as target (check my post on Jan-25) and we have been trading pretty close in that direction. Who knows a further decline next week will bring us there.
Fundamentally this stock however is a buy. The revenues reported this lastest quarter exceeded my expectations of $50 mio (check my post on Feb-8). The remark that Q1-2014 will not reach the same margins as Q1-2013 is not that shocking as it seems. That quarter was extremely well (margin wise). This company keeps on building its business and revenues keep on climbing slowly but surely as does the net earnings per share. (Nice growth, only a P/E of 5 and a healthy balance sheet, what else are you looking for).