Manulife Financial Corp T.MFC

Can These Analysts Actually Read an Income Statement

[DeanEdmonton]

These results absolutely SUCK! and yet analysts and many oe here think they are good. Did you actually read the results versus just the management commentary. Look at the performance over the past 4 years, not pretty.

Canada's largest life insurer reported core earnings of C$1.56 billion ($1.2 billion), or 78 Canadian cents a share, in the three months ended June 30, compared with C$1.68 billion, or 83 Canadian cents a share, a year earlier. Analysts had expected 76 cents a share.

Manulife reported core earnings declines of 14% in its global wealth and asset management unit as fee income and assets under management declined; 4.6% in its U.S. business on lower demand for some insurance products due to higher inflation; and 2.5% in Asia, on lower sales, particularly in Hong Kong and Japan.

 

 

An 8.5% increase in its Canadian earnings, lifted by growth in new business value, helped offset the declines somewhat.

 

Net income attributable to shareholders was C$1.09 billion or 53 Canadian cents per share, compared with C$2.65 billion, or C$1.33 a share, a year earlier.

[SunsetGrill]

Yes I did read them (and they beat the street, did you read that?). I guess if youve owned it for 4 straight years that may be a problem for some but they collected Approx $5.00 and aa rising divy's along way. Did you lose any money in the market since April? I guess you were sleeping as the market turned into a BEAR MARKET?? You do know what a bear mkt is right? Show me a bank or insurer that

[DeanEdmonton]

if you have read my other posts on this board you will know that I think Manulife is a good trading stock. Buy it at 20 sell in the 26s. However, to hold it for 20 years with no capital appreciation, even with the dividend, is not a smart move. Also, to call their current earnings performance, and their performance over he last 4 years great, just becasue it exceeded very low expectations is a big

[SunsetGrill]

To each his own, myself I trade the stock around a core position buying and selling 50% at a time at around prices you've suggested  This works for me but I don't understand ur sustain if u hate it so much there are a million others to choose  I will take issue that to hold the hold the stock for 20 years IS a bad idea. I may agree that it WAS a bad idea but IS it now a bad idea