RE: RE: RE: RE: RE: RE: TD analysisI would say the dividend is 100% safe.
The CEO said it will increase next year.
Waiting for it to go to $9.00 is a gamble.
I am confident MFC is going to double next year to $25.00
so if I buy now I will make $12.60 profit and if I buy at $9.00
I will make $16.00.
AM I sure I will it get for $9.00 or $10.00....No !
So trying to time the bottom, you can lose out big on one of the
greatest investment opportunities
However if I buy now I will collect over 4% while I wait.
Listen I don't approve of the CEO style fully, because he wants to have a squeaky
clean balance sheet by writing eveything that possibly can be wriitten off... this year
Then what.
Its only profit time going forward.
No more writing off.... expenses dropping
Profits mean dividend increase and stronger book value.
Equity is already going up and Interest rate going back up is a must.
which will mean mark to market losses will be written back up.
Listen what is happening right now is the big players are scaring the heck
out of the small players, to sell and crystalise their stock losses
So it might go on for a while yet,and who knows you might still get in at $9.00
But I am not a Gambler only a little Investor