The My Food Bag disaster – part 2
ANALYSIS: Bottom line is MFB shares look to have been fundamentally overpriced at time of floatation.
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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