Agreed especially for 'buy and hold'. For traders this thinking around Flow of Money is very intelligent, but most of us here are not traders, not intelligent traders anyway.
The other point I would highlight MFG has $4.77 in NTA (more with the recent sellout of GYG). As the share price drops, remember to back this number out when looking at the underlying business, yet account for it as a % of share price (as it represents a hard asset).
The nay sayers could well be right on MFG, but for me as part of a diversified portfolio, its worth an 'intelligent punt' again at current share prices.
MFG Price at posting:
$13.00 Sentiment: None Disclosure: Held
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