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Kathmandu dropped by researcher Morningstar ahead of shareholder meeting
2015-11-18 09:03:19| Chemicals - Topix.net
Morningstar said Kathmandu, whose shareholders recently rebuffed a takeover bid from Briscoe Group, had weakened its brand with constant price-cutting and it was unlikely to change in the medium to long-term. Despite high gross margins and a solid balance sheet, Kathmandu's revenue and earnings growth had been "highly volatile in recent years" and profit margins had halved in the last two years.
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Category:Chemicals