May. 29 at 5:56 PM
$MRDN ... what's important for traders or long term holders here to remember is since the first quarter results pushed us to low
$16S, we have built solid support around
$10.00. Twice since we saw the price manipulated lower to just under
$10 and buyers flooded in. It should give everyone, including flippers, swing traders as well as longs, the confidence here is growing along with the company itself. Brazil should be huge for the company's bottom line. We are just at the starting point after years of money spent on regulatory aspects of this license, we are positioned to really add large to revenues with the World Cup weeks away! I'm here for the long term... this is still trading at less than
$15.00, which is relative to 1X our annual revenues at the moment. I'm looking forward to increased revenues and increased profits. Eventually we'll see a proper valuation here, and in time, I'm seeing a 2X-4X potential multiple. That would price us in the
$30-
$60 valuation!!
