I had brought at about 30 last week thinking it was oversold (great timing!). Unfortunately it seems to be on a cascade drop. CEO resignation and poor performance as a fund manager leads to possible loss of large accounts. Market at all time highs with many of the stocks held by the investment fund being overpriced by historical values. Lots of risk pointing to next year being one of poor performance for the market would see more accounts leaving. High fees is a bad combo with poor fund performance. Now likely to be overstaffed which will lead to layoffs leading to increased costs short term and loss of expertise. Even at these low prices I can see more downside than upside at present. Glad to be out of it for the time being.
MFG Price at posting:
$19.70 Sentiment: Sell Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)