MSC is a joke company. The management's unwavering ineptitude coupled with it's pool of rogue employees is unbelievable. Every week there is negative news on this company, which is projected to return to profitability in 2019 - well make that 2022 or later. An
article in today's The Star reported alshabaab sugar was repackaged in MSC bags for distribution in the country. This will definitely puncture the company's brand image further and I wouldn't be surprised if some of the employees are linked to this.
Today, when I read about the sucrose leakage, barely five months after annual maintenance, the first thing that crossed my mind is that some employee had found a new way to swindle the company. Why Kidero and his boys have not been prosecuted for corruption is beyond me. I wouldn't touch this stock even with a long pole. I pity those who were averaging down after the music stopped. So sad.