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Corporate governance at FSTA is heads and shoulders above Spepherd Neame. And Simon Emeny is going to slowly advance that agenda even if pressure wasn't applied. The SN story does give him extra leverage heading into a key part of the year to loosen a few reins from the family just that much more. Over time I'm pleased w the trajectory and the II's are supporting this process constructively without upsetting the apple cart. SN was also rife given the underperformance as well. I attribute the recover to simply be a predictable retracement after the non-substantive fall combined with the usual rise this stock usually experiences leading into earnings. Fingers crossed on the actual results now!!
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