MFG 1.69% $11.45 magellan financial group limited

Ann: Funds Under Management - November 2021, page-44

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  1. 6,340 Posts.
    lightbulb Created with Sketch. 1812
    "Just mindless dumping of the stock...."

    Some would say that it is mindless buying of the stock as well. I have to admit that this is now the worst performing stock in my portfolio - and, by a long way!!
    I am not inclined to buy any more at these levels until we have a better understanding of how bad the current/ recent performance is. But, by some estimates, we could still see significant share price downside yet. The other thing is: if you are invested in some of their funds as well as the headline stock it provides for a very poor investment performance.
    One can only hope the market has overdone the selling.........
 
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