MBL macquarie bank limited

MBL - anything is worth buying at the right price

  1. 254 Posts.

    anyone have an opinion on this stock. i do have a preference for investment banks when the good times are a' rollin.

    pity ASX only has one listed. not much oppourtunity to compare.

    although Al Moss did compare MBL share price to other investment banks citing that they have fallen much further than Macb.

    Does this mean that MBL has outperformed or maybe that it has further to fall.

    However i will be buying sometime not sure when.

    Remember NAB and homeside. big gains came from that turnaround. can MBL do a similar trick?

    sure the map investors got shafted but mbl is doing well out of it. profits up 3% whilst international investment banks have fallen 30-40%.

    they are banking on huge airport profits projections, i think it was abn amro who valued map at something like 7c!

    i have an open time frame of months for this purchase not sure when or if to jump aboard.

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