Thats why Masterpet is good for them .... a much higher margin .... might be able to learn something from how they work even if in different industries
Agree with your last statements .... no way am I deriding EBO ... as I said one of the few companies in NZ that have consitently earned in excess of their cost of capital ..... it's just I think that $7 is a not that fair price for a good company .... that guy also prob said pay too much for a good company and your future returns are diminished a bit .... or something like that
Was around at Masterpet the other day .... new bosses are very inteersted in how they operate but leaving them to their own devices at the mo