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Magellan (MGF)

Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.

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Question asked

Magellan (MGF)

Is Magellan worth buying?

Answer

Hi Peter,

We still own MFG in our Active Income and Active Growth Portfolios hence by definition we are still bullish as we discussed in last Tuesdays Morning Report. However, even though the stock has slipped this week the risk/reward has diminished, i.e. our initial target is around $12.

  • We remain long and bullish but aren’t planning to increase our position.
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Magellan Financial Group Ltd (MFG)
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