You just beat me by on the comment of averaging down...good ploy eh....they've plenty of money to play with.
Printable View
Well team if you like MPG you may also like MVN.
They look like identical twins, when I compared them on Yahoo charts.
Punters not entirely falling over themselves to take a bet on Metro
Maybe not the punters favourite after all
Timing is with both of them of the essence, but in a way that's (with a small number of exceptions) true for any stock.
And while there is some correlation in the SP movements, not sure the comparison is fair.
I don't have MVN any longer in my spreadsheet, but from memory their long term CAGR is something like ZERO and PE is according to ANZ Securities around 13. Right?
MPG has a (revenue) CAGR of close to 8 (yes, it did drop) and a PE of 9.5 ... not quite the same thing. And just BTW - their (long term) earnings growth is exceeding their revenue growth ...
Australia dwelling approvals (consents) down quite a lot over the last year
Just saying