Yeah - a dumb arrangement, again by MCP. MCP are selling a quality range of products, with high profit margin. Chemist Warehouse is a discount reseller. Selling via Chemist Warehouse will devalue the brand, reduce the profit margin to MCP, and ultimately lose when displayed against low cost competitors. And MCP paid for Chemist Warehouse for the pleasure. Once the market understands then MCP will be back to .80c+., meanwhile Chemist Warehouse will improve its value for the forthcoming IPO.
MCP Price at posting:
94.0¢ Sentiment: Hold Disclosure: Held
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