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Sometimes in investing you just get lucky! (Or, the more lessons you’ve learnt in the market, the luckier you get.)

Last August IM wrote a piece on Pepkor after the share price had fallen about 42%; we concluded that "buying good-quality counters at knock-down prices, providing that structural issues within the business haven’t caused the fall in share price, has proved to be a rewarding investment strategy. Pepkor’s sound business model should ensure that it not only survives the current crisis but gains market share in the medium term."..

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