MFG 0.71% $9.92 magellan financial group limited

Ann: Video update from Chief Investment Officer and Chairman, page-322

  1. 6,202 Posts.
    lightbulb Created with Sketch. 1751
    I'm not sure how many of you invest based on input from the financial press, but if you based your investment decisions on their opinions (see below) you'd be running a mile from MFG.  However, when "opinions" like these are published it generally is a signal (for me) to start buying as they have already missed the bus (so to speak).

    2024 GMT - Of the 10 worst-performing stocks on the ASX 200 last year, Atlas Funds Management is touting Orica and Lendlease as candidates for a strong 2022 recovery. Orica because the outlook for coal looks robust, particularly in view of Indonesia banning exports, and Lendlease partly because it's a more palatable acquisition target since selling its engineering business. A so-called 'Dogs of the Dow' investing strategy didn't produce the hoped-for ASX outperformance last year or in 2020 but has worked in six of the last 10 years, Atlas says. It doesn't seem optimistic for Magellan Financial or a2 Milk--last year's two worst performers--as Magellan's problems look set to intensify and a2 faces China market challenges outside its control.
    ([email protected])
    (END) Dow Jones Newswires
    January 09, 2022 15:24 ET (20:24 GMT)

    Time to back the truck up and start loading!!!!
 
watchlist Created with Sketch. Add MFG (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.