Posted by parkridge77 on 9th of Mar 2012 at 03:05 pm
MS on MCP -- 2/21/12:-- --- just info out there- own
DD a must ! you never know
from MS below, "compelling", $81 target, $28 current price, a
potential triple.
At 5x EV/EBITDA, the MCP stock price reflects REOs at ~30% of
spot. Project derisking remains our expected catalyst, as MCP is
down 50% from 2Q11 at the same domestic REO prices. We are lowering
our price target to $81 to factor in equity issuance. We still see
deficit in magnetic REOs in 2012-15.
MCP and REE
MCP
Posted by keithw on 9th of Mar 2012 at 02:40 pm
Does anyone have probable targets for MCP and REE?
Thanks in advance.
MS on MCP -- 2/21/12:--
Posted by parkridge77 on 9th of Mar 2012 at 03:05 pm
MS on MCP -- 2/21/12:-- --- just info out there- own DD a must ! you never know
from MS below, "compelling", $81 target, $28 current price, a potential triple.
At 5x EV/EBITDA, the MCP stock price reflects REOs at ~30% of spot. Project derisking remains our expected catalyst, as MCP is down 50% from 2Q11 at the same domestic REO prices. We are lowering our price target to $81 to factor in equity issuance. We still see deficit in magnetic REOs in 2012-15.
MCP and REE
Posted by keithw on 9th of Mar 2012 at 02:50 pm
I missed Steve's earlier post of MCP charts. Just now found it. He shows a gap on MCP at 35-37.