MFCThanks Iluvgreen and Mcugly for a reassuring story.
Some of my reasons for hanging on
1) Strong Capital position and largest Insurer in Canada.. not likely to go under.
2) MFC scouting around for accretive acquisitions.. will boost its profits.
3) Hedging programs.. sensitivities reduced .. those low S/Prices unlikely to repeat
4) Volatility in interest rates reduced with Management using the AFS Bonds swaps' strategies.
5) The dividend cut saved MFC $800M annually, enough to cover the annual $400M hedge costs.
6) Asian growth
7) Long term care premium increases coming... provisions made will be written back as profit to MFC
8) Interest rates will eventually go up.... good for MFC
9) Dividend increases inevitable.. whenever will push S/P up
10) MFC the company is well diversified... life ins, real estates, banking, investments, etc
11) Repricing and gradually moving away from mark to market sectors.
12) Shareholders presently are longer term... those wanted out below these prices are mostly gone.
Only my opinion.