Only a couple of years ago In annual report Administration costs were $171m. The salaries of some of Mayne senior staff seemed rather extravagant. There is little doubt in my mind should a Time and Motion Expert do an analysis of Mayne there would be a lot Deadwood shedding. With the current management it wouldn’t matter how much extra profit they will reward themselves and find a way to burn it without any consideration for shareholders.
MYX Price at posting:
36.8¢ Sentiment: Buy Disclosure: Held
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