I'm out at $12.50, was really a short term play but to be honest the results did not blow me away. The dividend is nice, the earnings was a touch below what I was hoping for (30c). They are going in the right direction but at a PER of close to 30 not so sure. A month or 2 of flat or negative flows and this stock would also tank.
I think there is better value elsewhere also considering an investment in MFG will fluctuate with the fortunes of the broader market. Those risks can't be ignored and it may have rewards to take then on but not for me right now.
I am lightening some positions as well in order to lock down some profits.
I will keep an eye on it and may re enter, best of luck to those continuing to hold.
MFG Price at posting:
$12.59 Sentiment: None Disclosure: Not Held
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