Citi Research sallied forth with a glowing report on McMillan Shakespeare, a salary-packaging and novated-leasing company – all right, if you insist, tax loophole stock – just four weeks ago. As they bolstered their ”buy” recommendation with a spruced-up profit forecast, the Citi analysts noted that although the ”perceived risk” of regulatory action was high, … Continue reading McMillan lesson No.1: Watch what directors are doing