Hi @dabozza Just that we are talking about it being a possibility is an interesting point in itself. This time last year MFG was $63.89 per share 3.3% div yield (ex FrCr). For buy and hold investors, if you bought this time last year and the share price continues to trade sideways at $32, you potentially require over 14 years to break even if dividends stay the same (an unfortunate position to be in). Are earnings and dividends going to get worse before they get better, the ultimate value trap for a couple of years while business turns around (can you afford this given the rest of the markets growth?). What would provide confidence of a turnaround in underlying business based on current FUM downtrend or is it simply a ratio based investment 6.6% dividend yield (ex FrCr) at $32 or 8.11% dividend yield (ex FrCr) at $26? Do you look to buy PTM shares, todays dividend yield is 7.47% (ex FrCr). To provide confidence to buy, do you need a quarter or two of stable FUM before making the call or wait until the financial results are announced next year? Best of Luck Lost
MFG Price at posting:
$32.89 Sentiment: None Disclosure: Not Held
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