I just attended an evening investment presentation with the CFO and VPF of MGO. They reiterated their strong growth and future development plans.
Target price for MGO is currently ranging between $15 and $17 according to analysts tracking the stock from various firms.
Also, apparently my estimate on EPS is about right based on their revenue and margin projections. So if they hit their targets (which it looks like they will based on their capacity growth and marginal demand) they could easily start climbing towards their price targets next quarter. Also keep in mind that this price is calculated with the current conservative PE ratio.
Just reconfirming my previous rating and time frame.
No comments:
Post a Comment