still nothing to suggest a serious earnings downgrade. total FUM is still higher that it was at the last reporting period so there is a very realistic chance of at least 450m net profit before any abnormals. current market cap of 6.128 B giving a forward PE ratio of 13.6
wasn't long ago the market was pricing MFG at almost twice is current price. and it's lost 50% in value due to a headwind in its earning potential.
I was in at $42. I've averaged down once at $36. I'm so close to doubling my initial investment in MFG. especially when so many other companies are trading at record multiples. your getting a earnings yield buying MFG .
ride the roller coaster and stand firm against Mr Market
MFG Price at posting:
$33.33 Sentiment: Buy Disclosure: Held
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