MQG is a stock many local investors like to own but its recent operational performance has left plenty to be desired, not something we’re used to over the years. They missed earnings expectations earlier this month, and we see no catalyst to warrant buying the “Millionaires Factory” as it dips below $200, although it is finally trading ~10% below its post-COVID average valuation, but that’s not enough for us after its uncharacteristically stumbled through recent reports – we would rather pay more after seeing some operational improvement.
- We have no plans to add MQG to our “Hitlist” until further notice.
MM remain neutral towards MQG
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