RE:RE:Bob McQuarter just on BNNlscfa wrote: He also suggested MSL was pricy with eps estimated at $0.06 next year. But the cash eps are over $0.20. He can not be that stupid. I suspect he is downplaying it so he can take a position.....
sicnarf2 wrote: Said there is too much competition in this space and they are all trying to do the same thing.Grow by acquisition.
He said msl was trading at a forward 30 Pe. I think everyone has to realise the sector is changing dramatically. Analysts lower targets after the price drops and with other names dropping by the minute its only a matter of time until this catches up. New management has done nothing but miss a quarter since taking over. If there are all kinds of cheap targets why haven't they closed any? Investor will only wait so long when every other house in the neighborhood is burning before they decide to have a fire sale and leave as well.