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Generally speaking the aim of active stock picking is to find companies that provide returns that are superior to the market average. Buying under-rated businesses is one path to excess returns. For example, long term Mercury NZ Limited (NZSE:MCY) shareholders have enjoyed a 72% share price rise over the last half decade, well in excess of the market return of around 11% (not including dividends).
Now it's worth having a look at the company's fundamentals too, because that will help us determin...
>>> Read more: Those who invested in Mercury NZ (NZSE:MCY) five years ago are up 116%
Now it's worth having a look at the company's fundamentals too, because that will help us determin...
>>> Read more: Those who invested in Mercury NZ (NZSE:MCY) five years ago are up 116%
