Good to see you made a healthy profit with MHCO. Fortunately you bought it during, or before, mid 2001. Had you purchased in the 1st. half of 2002, 2nd. half of 2003 or the 2nd. half of 2004 you could be currently only breaking even or down on your purchase.
Yes, Common Shares Outstanding are down by 17%. But had they not declined, the EPS would be lower than the 11c you mentioned for the last Quarter. Glancing at the volumes traded over the last few years, I don’t see that much change in the average volumes traded recently.
Anyway, we probably have our own ways of analysing companies and drawing conclusions.
The critical financial ratios I look at tell me that MHCO would not be top of my list.
As far as I’m concerned, comments made in Shareholders Letters or by Analysts, are all very well. But the "proof of the pudding" will be seen in a company’s future Financial Statements. Comments and/or promises need to be translated into regular Bottom Line profits. It’s my opinion that those numbers determine a stock’s price in the medium to longer term.
But, as usual, time will tell. |
