Oz investors on a Mitchells winner
A hat-tip from Dr Mumbo to The Australian’s financial tipster Tim Morris.
Yesterday he tipped Mitchell Communication Group as the stock to invest in while it was priced at 98c:
“Now that industry spending is forecast to return to pre-financial crisis levels, Mitchell is well positioned to ratchet up further growth. In addition to its founder’s pulling power and track record of outperforming the industry, we are enticed by the company’s strong cash flows.”
By the time the ASX called a trading halt today at $1.04 that was already a six per cent profit. And if the reported deal with Aegis is done, there will be a sizeable premium on that.
