Hi christiphone, I bought my shares in MCP in April 09 at 80...

Hi christiphone, I bought my shares in MCP in April 09 at 80 cents, which means I have had a 25% return from dividends. MCP was in my opinion over sold, they had good brands with good distribution.

The management made strong efforts to reduce their costs and improve the gearing. The strengthening A$ has also improved the margins and there should be more to come, as I believe that they hedge 6 months out. I believe they have the opportunity to launch more products into distribution channels and they seem to be in a niche retail area not badly affected by the weak market conditions. TFP