MIC - Macquarie Infrastructure: Revisiting An Old Call
I say often that cheap can get cheaper and I see no catalyst or reason to drive share prices higher in the short term. I don't believe the market overreacted to this news at all.
We are coming up on the one year anniversary of the Macquarie Infrastructure (MIC) plunge and my own look at the beleaguered firm immediately after; the quote above is from that research note. Shares are basically flat since then but investors have picked up their (reduced) dividend checks as a consolation prize.
As this has clearly not