So - what was the answer ?

For me - MRX looks to have been beaten down with a bit of bad news and had the mandatory sell off. It does appear to have some backers who can defend the price if they choose to do so.

The P/E is pretty high at 55 - but forward P/E is a reasonable 12. This means that growth is expected which is also reflected in the low PEG of .96.

Price/Book lower than peers, Price/Sales lower than peers.

Good peer analysis can be seen here : http://quote.morningstar.com/stock/s...MRX&region=USA

So, my opinion was that this is not overpriced. Earnings are out 22nd Feb, so we should be out by then BUT you cant ignore the overhang of the CEO 'mis-speaking' at a Goldman Sachs ra-ra event.

Also - the dividend on this stock is averaging 4cents - so announcements relating to dividends aren't going to hit the price much. The next dividend pays out on the 29th Jan. So the company will be worth approx 4c less per share at that point.

So I say - small position size. 3 stocks are in profit and so I'm allowed to add another.

I put in an entry @ 25.15 after the open - got filled a cent higher.