MPG - Metro Glass

[Balance]

With a dividend yield of 8%(if they pay 4 cents this time)...I am still holding... and hoping FNZC is proved wrong(again!)

Well, I have decided to help (a little bit) the FNZC clients who are selling out at 82c.

Bought some - FNZC's recommendation makes absolutely zero sense to me (Outperform at $1.45 and neutral at 82c?) - they should have been getting their clients out when the stock was trading at $1.45!

Where was FNZC when the sp went down to 70c? Must have been a raging buy since they had an outperform and valuation of $1.02 at that time.

Smells to me of a fee churning exercise.

I have never taken that much notice of analysts' recommendations although I have found their analysis/research useful for information and to help with my own assessments.

There is an analyst in one of the major broking firms who was well known for his late calls - you sell when he recommended buy, and you buy when he recommended sell! Hard to believe but it is true - he is still an analyst.