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Manulife Financial Corp T.MFC

Alternate Symbol(s):  MFC | MNQFF | T.MFC.PR.B | MNUFF | T.MFC.PR.C | T.MFC.PR.F | T.MFC.PR.I | T.MFC.PR.J | T.MFC.PR.K | T.MFC.PR.L | T.MFC.PR.M | MNLCF | T.MFC.PR.N | T.MFC.PR.P | T.MFC.PR.Q

Manulife Financial Corporation is a Canada-based international financial services provider. The Company provides financial advice and insurance, operating as Manulife across Canada, Asia, and Europe, and primarily as John Hancock in the United States. Its segments include Wealth and asset management businesses, Insurance and annuity products, and Corporate and Other segment. Wealth and asset management businesses branded as Manulife Investment Management, provide investment advice and solutions to retirement, retail, and institutional clients. Insurance and annuity products include a variety of individual life insurance, individual and group long-term care insurance and guaranteed and partially guaranteed annuity products. Products are distributed through multiple distribution channels, including insurance agents, brokers, banks, financial planners and direct marketing. Corporate and Other segment comprise the investment performance of assets backing capital.


TSX:MFC - Post by User

Bullboard Posts
Post by taman1on Feb 11, 2016 8:12pm
397 Views
Post# 24550583

Great buy at this level IMHO

Great buy at this level IMHOSaw CEO on BNN ... he said basically due to oil assets devaluation ..book loss and if oil goes back up $900 million will be added back as profits ..if oil goes down maybe another $400 million in assets mark to market devaluation. These oil assets are long term holds and we know long term oil will go back up, maybe not $100 again but at least $60 and that means these book losses will be added back as gains.. the core business is very good and growing and explains why divs of 9% increase ..thats almost 5% yield plus easy getting back to $21 again ... he wished they have a share buy back program but MFC does not have one ... Cheers
Bullboard Posts