Quote Originally Posted by Balance View Post
On the contrary, MPG's gross margins had been in the vicinity of 50% - mark up of 100% in other words.

Reason why competitors have entered the supply market.

APL is building and bringing on stream the most modern and integrated plant in the Southern Hemisphere - so costs will be lower and quality will be higher.

Outlook very grim for MPG - especially with the ill fated acquisition in Australia.

As I wrote before, long and wrong - big enough to admit it but not happy.
I wonder if APL’s state of the art setup is going to trump Metro’s state of the art set up?
Was the glass supplied to APL at 100% margin?
Will APL be supplying consumers with a cheaper/better product?

Never bought into the growth lies.
Aussie was a mistake
Will they take a hit? Yes.
Will they still be a viable company? Yes.
Are they undervalued? Time will tell

Seems to me there’s a lot of wound licking rather than objective thinking in this thread. Polar opposite to the hype crazed blinkers of a few years ago. I doubt it fits many peoples ‘investment crteria’ in it’s current unknown state so I see no reason trading or investing in it currently. But it’s not off my radar.