I heard Regal is merging with unfashionable fund managers. $15- $17 was always my buy target. If you believe that fund managers are the next big thing as interest rates rise and speck stocks fall, you need a good manager to protect capital. This will attract FUM as managers will once again outperform markets. Why would MFG be any different?
We can go lower but feel the value is here for the long-term buyer. A nice dividend yield into my later years.
MFG Price at posting:
$16.58 Sentiment: Buy Disclosure: Held
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