Despite owning (and prev promoting) MCP, i have only just read their result. So what a delight to log-on and read another outstanding contribution from Camden55. I am quite good at finding undervalued stocks using a top-down approach. But Cameron's ability with a balance-sheet is beyond my ken, and i hope we can compliment each other on HC forum... with our differing approaches. MikeM. Re MCP: i was a bit disappointed that final div wasn't higher but overall an acceptable result. Debt reduction was impressive. One important benefit re MCP and it's solid cashflow is that about 60% of sales are from consumerables e.g. cosmetics, tin-foil,gladwrap, hair-dye etc. Demand for this stuff will never disappear... even in a depression.
MCP Price at posting:
$2.89 Sentiment: Buy Disclosure: Held
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