This results was expected and MFG is well placed. However this was the easy part. They have to find the portfolio which is going to be suitable for next 5 to 10 years with guaranteed higher interest environment and much less liquidity around. I still think mix of MFG/MGOC/MFF portfolio is the right way to go once the initial noise settles down from current inflation fighting measures are in place. Of course all these noises about war in Europe needs to die down. Beginning of every quarter this monster billion $ profits are declared by US established technology companies, SP will move up from where it is last night.
MFG Price at posting:
$20.42 Sentiment: Buy Disclosure: Held
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