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MLSPF - Like A Phoenix Melrose Is Currently On Fire But It Will Rise From The Ashes And Take Flight
Melrose Industries Plc
This is a bad time to be in the auto and aerospace businesses, and even worse if you have a lot of debt on your balance sheet. If that weren’t enough, Melrose’s (MLSPF, MRON.LN) “Buy, Improve, Sell” philosophy means that the assets it holds at any given time are not generally operating at peak potential, as there are almost always cost and business improvement initiatives underway at the company.
Still, I’m a believer in track records, and Melrose has a good one. This is a company that has logged several wins over