And just as I had suspected MFG climbed nicely even on a red day on impressive FUM. I've sold my position for now as the business is starting to get slightly overvalued for the uncertainty still surrounding markets. I see a second wave of selling soon in the markets and Magellan is highly leveraged to the performance of markets so I figured I'd take my profits and wait on the sides. I love this company but it can't fight the impending fall in markets that's upon us within the next few months. For those still holding best of luck and I think the retirement product is going to do wonders for the company. I hope to be a holder again in the future!
gltah imo dyor
MFG Price at posting:
$52.38 Sentiment: None Disclosure: Not Held
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