I think it's important to look at the NTA and share price together, rather than the share price on its own. Agree that MHH (and MGG) has been smashed; but the fall to the share price has far exceeded the drop in value of the underlying holdings (around 13% at one point for MHH). I have a lot of confidence in the Magellan strategy, and recently took a position in MHH on Friday.
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- Did Hamish get it wrong fro all of us?
Did Hamish get it wrong fro all of us?, page-7
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