Business health is not measured by fund performance. That is trading stock.
Business health is cash flow and balance sheet strength.
It is like saying (and this is purely by illustration) a huge drop in the iron ore price for year or 2 compromises the health of BHP. It simply reduces the short term profitability of a major business unit with emphasis placed on "short term". During such down times they usually use their balance sheet to grow their business possibly buying out smaller competitors and be better placed for the next uptrend.
MFG is in a cyclical industry and one must invest on that basis.
l absolutely expect investors to sell out in a market rout. That is what they do. They also buy back in when markets rise. I, like many contrarians, will gladly do the opposite.
GLTASH
MFG Price at posting:
$11.65 Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)