Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
FTSE 100 listed Melrose Industries (MRO) is a specialist in buying and nurturing under-performing industrial businesses, with a view to invest, make operational improvements and then divest the asset for a profit. Its guideline time frame for this turnaround is 3-5 years, placing its own transactions firmly in the 'medium-term' investment category.
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