They are sharks and will not leave much upside behind. There isn’t many other high probability shorts on the market other than Magellan at the moment.
Unfortunately for current shareholders things will get a lot worse before they get better. This is just the beginning.
If Magellan can turn the fund management business around it will appear in June 2022 FUM announcement as an increase in overall FUM (flows + performance).
Best of Luck Lost
MFG Price at posting:
$29.36 Sentiment: None Disclosure: Not Held
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