Q: Good afternoon 5i team,
Following MDI's acquisition of all shares of Explomin Perforacio,lately,will this add to their bottom line, will the synergies be well viewed by the market? MDI is "cheap" and this acquisition does not seem to be much of a catalyst as viewed by the market! Should I move on and would you view a similar company as a better option?
Many thanks,
Jean
Following MDI's acquisition of all shares of Explomin Perforacio,lately,will this add to their bottom line, will the synergies be well viewed by the market? MDI is "cheap" and this acquisition does not seem to be much of a catalyst as viewed by the market! Should I move on and would you view a similar company as a better option?
Many thanks,
Jean
Q: Good morning 5i,
Following MDI's Q1 release yesterday ,looks like the market is overreacting to the results.Looks like a value company for those with patience, looking at one to two years out.Looks like an undervalued ,value situation.What are your thoughts?
Many thanks,
Jean
Following MDI's Q1 release yesterday ,looks like the market is overreacting to the results.Looks like a value company for those with patience, looking at one to two years out.Looks like an undervalued ,value situation.What are your thoughts?
Many thanks,
Jean
Q: Hi guys at 5 I's.
Major Drilling is getting near 52 week lows again. I have kept a core position and trade another tranche of shares buying in the low 8's and selling in the low 9's. I have done well so far and I still think MDI should do well in an intermediate time frame because it has virtually no debt, is the leader in their field (drilling for minerals) and it is in what is supposed to be a growth area (looking for more mineral deposits so that we will have enough metals to electrify the world). So why does MDI keep trading down to less than 10 PE? I am quite happy to pick up so more MDI shares at a level that I think is cheap. Do you think MDI is cheap in the low $8 range?
Major Drilling is getting near 52 week lows again. I have kept a core position and trade another tranche of shares buying in the low 8's and selling in the low 9's. I have done well so far and I still think MDI should do well in an intermediate time frame because it has virtually no debt, is the leader in their field (drilling for minerals) and it is in what is supposed to be a growth area (looking for more mineral deposits so that we will have enough metals to electrify the world). So why does MDI keep trading down to less than 10 PE? I am quite happy to pick up so more MDI shares at a level that I think is cheap. Do you think MDI is cheap in the low $8 range?