Buy Greencross for a pet payback

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How long have you held Greencross Limited (GXL)?

Platypus initiated a position in Greencross in February 2014.

What do you like about it?

Greencross has a leading position in pet food and pet accessories retailing as well as in rolling up veterinary practices. They have a track record of delivering impressive earnings growth, and while they are a clear market leader, they only account for a 5% market share. The market remains very fragmented in an estimated $7 billion addressable market.


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