Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.
Hi James, What is your view on MFG Magellan for those who have bought at around $33 and happy to hold onto that for sometime? Understand it may not reach to previous peaks of $60 but what is your view to get to $20 mark? Happy to sell it for a loss but don't want to sell it at $15. Much appreciated your views on this. Many thanks
Hi Tim,
MFG has fallen more than many people ever thought likely, us included and every time it threatens to bounce its gets sold again. We own it in our income portfolio and can easily see it above $20 if they turn performance around – that is the key.
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