Personally, i think its just a simple case of financial metrics not meeting inspectors expectations. That is I think perhaps investors priced MFG as if it were to grow at x%, but it hasn't grown as per expectations and hence a reduction in exposure from those investors to a price they believe is reasonable given the recent growth results.
As you say MFG financials are strong, but the market is forward looking. So i think the real question should be how much will MFG grow in the next 5 - 10 years, and based on that what is a reasonable stockprice for such growth and returns.
My two cents.
MFG Price at posting:
$43.97 Sentiment: None Disclosure: Not Held
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