Magni does have good fundamental but its business solely depends on the mercy of Nike. Unless they start diversifying and pair down its dependency on Nike I wouldn't consider it as a safe long term holding (Long term as in 5 - 10 years). Keeping it for a year or two yes, and we have to review its business plan every now and then
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Thelastone
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Posted by Thelastone > 2017-02-18 18:57 | Report Abuse
Further more,Usd will be much higher in months to come due to the US interest rate hike so exporters like Magni will have more Fx gain.