The My Food Bag disaster – part 2
ANALYSIS: Bottom line is MFB shares look to have been fundamentally overpriced at time of floatation.
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Two weeks ago, we looked at the dire performance of My Food Bag (MFB) since it listed on the NZX and discussed a research paper by Michael Mauboussin and Dan Callahan of Morgan Stanley’s research department. The authors demonstrated that the valuation of a company was particularly sensitive to
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