Q: Hi Peter and Staff
Yesterday Marco asked for your top 5 consumer discretionary names going forward. I was a bit surprised to see PLC in the top 5 while MG(shown as consumer discretionary in your company details) was not. Do you view MG less favorably than the 5 suggested names?
Thanks and have a great day
Dennis
Yesterday Marco asked for your top 5 consumer discretionary names going forward. I was a bit surprised to see PLC in the top 5 while MG(shown as consumer discretionary in your company details) was not. Do you view MG less favorably than the 5 suggested names?
Thanks and have a great day
Dennis
5i Research Answer:
Not really; we still like MG overall. This is a bit of a quirk in classification. While MG is technically classified as consumer discretionary, it 'acts' like an industrial company due to its manufacturing base. It could and should have been listed.