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.
Meggitt’s (MGGT) interim statement, which came out of a clear blue sky, was not on face value, a profits warning born out of significant longer terms problems. Indeed, was it a profits warning at all?
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