RE: RE: Manulife hedges against market meltdownMFC is a good company and will always be a good company.
However the CEO claiming that MFC challenges are morbidity levels,
interest rates and stock market exposure is still a concern.
People were living longer even before Mr Guloien became CEO.
MFC is losing so much earnings now with 51% hedged than when the company was unhedged.
MFC sensitivity to the markets and interest rates are way overdone.
It was not this deep under the previous CEO.
In Q2 2009, the company made $1.09 EPS and was suppose to pay a dividend
of
.26, but the new CEO felt this was too much for shareholders, and cut the dividend to
.13
Putting MFC into a doomsday scenerio is just saving face.