Kingfish's 3.1% stake in Fletcher Building paying off

Kingfish's 3.1% stake in Fletcher Building paying off
Rebecca Howard
By Rebecca Howard July 18 (BusinessDesk) - Fletcher Building shares have gained about 14 percent since Kingfish took a 3.1 percent stake and the listed investment firm's manager remains upbeat on the stock.  "We have watched it for a long time. We have watched it closely as all of the turmoil has played out and we thought enough things had changed fundamentally for us to make a small, initial investment in the company," Fisher Funds Management senior portfolio manager Sam Dickie told BusinessDesk. He declined to comment on whether the fun...