I notice on the charts that the stock dipped to about $21 in mid 2018, does anyone know the reason?
was it because the markets just had a dip or was it company specific?
cheers.
One final question I promise (im just kicking myself for not finding this stock 5yrs ago)
If we get a major correction in US markets (where most of magellans money is) the stock will obviously have a major dip right?
that would be the time im guessing you guys would be topping up?
Lets say if we get major falls in the S&P500 and a lot of holders in magellans funds start selling up and the funds under management would fall, that would be bad for MFG wouldn't it?
But if it was during a major correction, that would just be an opportunity to buy into MFG at lower prices wouldn't it?
as when markets bounce back the money would flow back into MFG as people start buying up their funds again.
MFG Price at posting:
$25.82 Sentiment: None Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)