Tuesday, August 6, 2013

MTQ

MTQ: in line with historical practice , MTQ is offering shareholders a choice to receive their 2¢ div in scrip or cash. DMG recommends that investors accept the scrip, which would be issued at $1.38 per share, since the 10% discount and the fact that the shares are clearly undervalued at EV/EBITDA of 4.7x and fwd P/E of 6.9x. Maintains Buy wtih TP $2.20.

No comments:

Post a Comment