volumes were very light when it got to 28$. the valuations growth expectations got way out of control.morningstar has this at fair value of 23$ I would probably agree with that. yes fum inflows will continue to occur, wether the rate in which they rise is another question.maggelan dosnt have a lot of trump stocks in its portfolio yet. well see how wells fargo reports on Friday. this will be the start of us reporting season. ive got no dout well see the negative impact the high usd will have on earnings. it will be the catalyst for 1 of maby 2 corrections to occur in 2017.
what is the predicated fum if the sp gets to 40$ with a modest pe of say 18?
I summary this is a great company to be invested in long term. ive got no dout the fum will continue to rise over time along with strong eps growth.
MFG Price at posting:
$24.44 Sentiment: Buy Disclosure: Held
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