MFCIn 2009 MFC hit a 10 years low in fear that Canada was heading into a recession.
Presently we are about to retest that low in fear that Greece might default.
.
To avoid a recurrence of a 2009 repeat, MFC management cut the dividend,
issued more common/ preferred shares and Bonds.
Hedged 65% of Stocks.
.
The CEO was proud that he built a fortress.
.
Now it turned out that MFC was the only large Cap. Company that cut its dividend
and the only one about to retest the 2009 low.
.
Keep up the good job, Mr Guloien !!!
.
.