Update on MB

EVen if MB has been remove from my top list for 2010 i still believe the company has a great future. The only major problem is the unknow.

Tehy are operating from the province of Quebec and have been through many porlbems in the past and have always succeeded. (Remember the case against Lego!) They sell good products and again, their mistake was to become too big too fast by adding a company that did not worth more than 10% of the price paid and consequently having to recall many products that had a flaw in their basic design. That kind of problem can arise at any moment and a t any time (Toyota is actually a great example...)

There is no information circulating actually as to the share splits between actual shareholder and the one from the actual creditors and we will know when the final convocation is received for the special shareholder meeting..

Based upon first release, it will be about 6% to the actual shareholder and 94% to the new guys with a new share total of close to 600M.

To achive a 1$ share value they will need about 0,20 cents in profit per share per year and nothing is that easy when you forecast a break even result and sales are sluggish everywhere in the world.

Things can change rapidly but i cannot see a major return to profitability before 2011. After Q2 and Q3 results, i will see if MB deserve to get back in my top list.

Until then, well it will be  a maket for speculator and please do not forget that the new shares will be issued at 0,50 so to me, it is indicating the real value of the company AT THIS moment.