Hamish started the company from scratch and have over 100billion Fum ….
he owns significant part of the company
they have a Vision of building Magellan into the likes of Macquarie ….
the price looks cheap, but yes it could get cheaper… we are getting rewarded with a generous yield whilst waiting
mfg is so out of favour and is trading at covid low price … this doesnt make sense ….. they are being punished not for taking excessive risk but being too conservative…. Holding too much cash …. But to be better than the average you have to be worse than the average during some period of your investing life … not everyone can be like Buffett
MFG Price at posting:
$33.41 Sentiment: Buy Disclosure: Held
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