Pleasant surprise the SP rose 15%. Solid result. SP has been hovering around $22-$27 for past 12 months. The result today should give it a boost to around $30. Increased dividend payout ratio, expenses were tracking lower, FUM and inflows headed in the right direction. On top of that, management is first class. Even paying a dividend inside a month of announcement says it all. Rare stock.
MFG Price at posting:
$27.60 Sentiment: Hold Disclosure: Held
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