Baron Emerging Markets Fund Comments on Magnit PJSC
- By Holly LaFon
Shares of Russia's leading convenience store operator Magnit PJSC (MGNT.L) gained in the fourth quarter in line with peers and a strengthened ruble currency. Magnit is investing in several opportunities that, coupled with store growth reacceleration in the medium term, should lead to double-digit earnings growth for several years to come, in our view. (Aaron Wasserman)
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The intrinsic value of LSE:MGNT
From Baron Emerging Markets Fund fourth quarter 2016 commentary.
This article first appeared on GuruFocus.
Warning! GuruFocus has detected 8 Warning Signs with JSE:BVT. Click here to check it out.
The intrinsic value of LSE:MGNT