Some would say that it is mindless buyingof 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.........
MFG Price at posting:
$28.95 Sentiment: None Disclosure: Held
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