NEC posted a strong 1H in February, but its marginally disappointing outlook has continued to weigh on the stock over recent months. Once the market puts you in a naughty corner, it’s hard to escape! We purchased the stock in late 2022, and while its dividend yield of around 6%, fully franked, has enabled us to be patient towards this turnaround story, it has been a frustrating journey so far.
- The media group remains cheap but still unloved – MM owns NEC in our Emerging Companies Portfolio.
MM remains patiently long NEC in the Emerging Companies Portfolio
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