MM has priced in the promise of a future, how long can the market hold on to that promise?
MM has priced in the promise of a future, how long can the market hold on to that promise?
MM is now trading at 3 times its IPO price of 1.00 a share. It is just two months since the IPO but its shares is already 3 times the IPO price and this is despite the fact that the IPO proceeds has not yet been fully used. Clearly the market has priced in the future prospect of the MM business.
Groceries and convenience stores are capital intensive and low margin businesses and that is…
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