How to back Rudd and McMillan

This article was first published by James Carlisle on the Intelligent Investor website on 6 Aug 13. When we last covered McMillan Shakespeare (MMS), on 23 Jan 13 (Avoid – $13.50), we wrote that ‘while most of us might merely hope they don’t do anything else dumb in Canberra, shareholders of McMillan Shakespeare rather hope the Federal Government doesn’t do something intelligent’. And so it has proved, with Kevin Rudd’s eminently sensible proposal to close one of the tax loopholes on which McMillan Shakespeare has thrived recently causing the company’s share price to near-enough halve. But hang on, you say, isn’t Rudd going to...

This article was first published by James Carlisle on the Intelligent Investor website on 6 Aug 13.

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