Well well well, looks like it was the highly regarded Boat Fund that was buying up MCP lately. Extract from under the radar:
The fund’s largest holding (TBF) is an Under the Radar favourite, the wholesaler McPherson’s (MCP). Says Shamgar: “The company has gone from being a serial downgrader to re-inventing itself by focussing on high margin health and beauty products.”
Giddy up! Up up MCP!
Ann: Preliminary unaudited results for FY2016-MCP.AX, page-7
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