The Wall Street G

On Mar 25, 8:54 pm, jbur...@gmail.com wrote:

He is the King of the MARKET.................

What a ride the investors of this stock have had, mainly due to Wall
Mart who seem to have attempted to prove to March that they could get
a better deal by squeezing hard.
The second supplier was just that; to be used only if Wall Mart
throttled March to death, luckily that didn't happen but it looked
nasty for a while.
Meanwhile Wall Mart was busy adjusting its security force putting some
full timers on part time and laying off others, the result was a
dramatic rise in "losses" to some three billion dollars a year, almost
as much profit as they make a quarter.
Continued investment in good quality security equipment and personnel
must now make good business sense to Wall Mart and will show a very
good return on investment.
In the mean time March has been striding forward getting lots of new
customers and some great prospects in the funnel.
In spite of March's very poor Public Relations handling of  this
challenge by the end of the current financial year Wall Mart's
contribution to sales may be as low as 20% because of the explosive
growth that is about to occur in other areas of March's business.
Wall Mart must now be playing catch up to get back on schedule, and
because of this I think that March's earnings this year are still
considerably understated. Call me mad if you like but I expect that
earnings will come in at between $120 to $140 million for the whole
year.
The.one who.knows.

I expect MN will swing up to $20+ in the short term.

Take a snapshot of the company and you will see the technology is
incredibly useful.. MN's reputation is as the leader, new business is
growing fast, no debt, $5 cash per share...

Prior to Friday's announcement MN's target was $16 per share..

March is clearly out of favor with the markets, like Fairfax Financial
(FFH) last year.  Rumors of Wall Mart leaving sent the share price
from $40 to $20, and when it actually happened in January we got to
the $10 level.

What the market I think failed to realize is Wall Mart demands 2
suppliers for everything they do, it is company policy.. The market
blew this way out of proportion.

This new customer (could be Wall Mart, Costco, Target, etc) is getting
the works at 1200 stores.
That could add $20-40 million dollars to earnings, destroy forecasts..

For these reasons I wouldn't be surprised if MN was $25-$35 / share by
Q407

I will be buying up to $20, taking principal at $25.

Agree!
Stock prices always overreact to the bad/good news.

Ben

Bargain hunting and Oversold.

understandable that walmart is now out as the largest client of March
networks.  however, they are a stable company with great growth
potential.  The stock is greatly undervalued at $12.00.  After this day
or two of unstablity ends the stock will come up to the $14 level which
is fair given that walmart has left (FOR NOW).  If walmart decides to
come back to MN, even for part of their business, the value of the
shares will jump back to the $19 - $20 level.  This is a great buying
opportunity for a sound stock with great fundamentals.  Take a look and
let me know what you think.

AJ