RE:RE:Valuationmorzine wrote: hard to understand the market with MFC - metrics are very good, compared to its peers. For example, MFC : P/B 0.99 P/E 7.3 ; SLF : P/B 1.76 P/E 11.5 ; GWO P/B 1.47 P/E 10.8. According only to these metrics, MFC should be trading at around 30$ . Did I missed something ?
Seems this stock will never get rid of it's risky past under D'Alessandro. The CEO has done an incredible job of diversifying, reducing risk and reliance on high interest rates for returns. Earnings have almost doubled since he took over but the stock price is the same. The PE has gone from 10-11 to 6-7. Part of the problem is a massive float. Way too much liquidity for shorts and traders, Shorts avoid high price shares cause you need a huge borrow. There are 2 billion shares OS and they should do a rollback and get the shares down to 500 million or so. May not be popular but the float is a massive overhang.