Magellan could pivot but Australian businesses are stupid. Why pivot when you can just pay shareholders and yourselves virtually all of those profits that *could* be reinvested as dividends? It's easier to milk the cow till it's dead than find a way to make new ones, because at the end of the day these directors are part of the 1% who will walk away with bazillions while the pitiful, simpleton Magellan shareholders on this forum will work into retirement.
MFG Price at posting:
$8.03 Sentiment: Sell Disclosure: Not Held
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