Sort of. Needless to say, i disagree as fundamentals are more important than value. Kudos to Andy Bell who was holding his feet to the fire. GLTA
https://www.bnnbloomberg.ca/video/michael-sprung-discusses-manulife-vs-sun-life-financial~2373234
BUY
Sun Life Financial Inc(SLF-T)
31/01/2022 at 07:00pm
Manulife vs. SunLife He prefers Manulife, though there are concerns about their Asian exposure. But they are selling at slightly over book and SLF higher. MFC also pays a higher yield of over 1%, and the valuation is better with MFC. He owns both and both will benefit from rising interest rates. MFC has been minimizing risk by getting out of their non-core holdings and to concentrate on their profitable businesses, but this demands patience. They are making solid progress as the new CEO focuses on shareholder value.
INSURANCE
Michael Sprung
$72.080
Owned