Timberwolf Equity Research
Value, research analyst, growth at reasonable price, consumer non-durables

Stock's Run Means McBride Has Become Less Attractive

(Editor’s Note: There is much greater volume on the London exchange under the ticker MCB).

Slightly more than a year ago I wrote a bullish article on McBride (OTC:MCBRF) (OTC:MCBDY) in which I made the case that the company would benefit from lower input costs as a result of the decline in oil prices. At the time, oil's decline was barely six months in the making but I felt that the impact could be quite large on the company's low margin household and personal care business. Its shares were selling around 79p at the time and had been in decline for several years. The shares have indeed bounced back on margin expansion since then and currently

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