MGR slipped another -15% this week taking its fall over the last 12 months to a painful 40%, a similar move to GMG. We like this integrated, diversified property group believing the stock is good value trading on an estimated 12.5x valuation for 2023 while it’s also expected to yield 5.3% over the next 12 months but the downtrend remains intact.
- We are not planning at this stage to purchase MGR but it does look interesting ~$1.90.
MM likes MGR under $2
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