Author Topic: Metrofile (MFL)  (Read 1859 times)

Moonraker

  • Hero Member
  • *****
  • Posts: 1021
  • Karma: +27/-0
    • View Profile
Metrofile (MFL)
« on: August 22, 2013, 01:28:18 pm »
Views on this one ?



and compared to CML, NPN, OCE......


« Last Edit: August 22, 2013, 01:37:54 pm by Moonraker »

gcr

  • Hero Member
  • *****
  • Posts: 756
  • Karma: +21/-1
    • View Profile
Re: Metrofile (MFL)
« Reply #1 on: August 22, 2013, 02:30:14 pm »
MFL - is I believe a well run company (had many dealings with them when I still had a day job) and they seem to be able to reinvent themselves and stay abreast of current document handling matters. I have frequently considered investing in them but have baulked at the last moment - maybe because it's not a company that will shoot the lights out, but is more a slow but consistent growth company. My biggest concern is that with so many ways in which to store documents and it being legally acceptable to reproduce from source one wonders whether there is a need to keep documents at a remote site with another vendor. From a banking perspective it was a pain to hold certain documents for 25 years in an archives environment, but with the advent of microfilming and then scanning it became easier to store fiche or a disc away from your IT operation. So in the longer term I am not sure whether keeping documentational images with MFL is as cost effective as it was say 5 to 10 years ago. I am sure that the company will disagree with me, and would probably be able to prove that it can be cost effective, but in my little world that is the main reason why I have not bought into the company
Purely my opinion 
Not everything that counts, can be counted, and, not everything that can be counted counts - Albert Einstein

Moonraker

  • Hero Member
  • *****
  • Posts: 1021
  • Karma: +27/-0
    • View Profile
Re: Metrofile (MFL)
« Reply #2 on: August 22, 2013, 02:41:41 pm »
Thank you gcr, that certainly is something to take into account. Over 5yrs. the p.a. return is 45% , but who knows going forward given
your reasoning for holding off.