I have been in and out of this stock for years-it has gotten into the 2's.then after a few years up over 10. then back down to 8's. It is suffering with all the others from macro market jitters, but the return from dividend is more than money market and I still believe it will hit 15 sometime.
Will repeat past prediction that MIG will go above 15 sometime this year. Why-good long time management who handle conference calls really well,growing revenues from well done large acquisition, solid earnings, dividend, type of stock Warren Buffet likes-cash float. Happy New Year to all silent posters. but followers of MIG.
With all the bad news in the stock market, it is good to be connected with a company that is buying back shares, increasing dividend, growing earnings and predicting even better results in guidance. I am not a pumper, but just one who appreciates well run companies with good results.