All I did was answer the question raised in the thread.
MFG was criticised for entering new lines of business (Barrenjoey, Futurepay, Core Series etc.). Have to wait and see about the merit of those decisions.
Not sure what other lines of business you mean? They dont have any particular competitive advantage in other asset classes so if they went down that road it would have to be via acquisition. that comes with its own set of problems unless both parties are willing and the price is right.
I just dont see why this business needs to hoard cash. Not carrying debt, not capital intensive (based on clear message of no further off market investments), profitable - so what is the point of holding cash?
I am interested to see how many shorters are willing to pay up the dividend.
MFG Price at posting:
$18.32 Sentiment: Hold Disclosure: Held
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