RE:RE:Have Any of You Looked at MFC's 30 Year Chart100% agree with you Dean. Even more than a 10 yr chart looks dismall. This stock -- for buy and hold -- is a complete joke! A comedy act!
As I said previously. I don't hold MFC at this point but, the value now is tempting to buy. But, for some reason I'm still on edge buying this because I feel nothing will change. Sure, the divy is decent but really means nothing if the share price flat-lines. There are tonnes of stocks that pay dividends but have share prices that appreciate in value!
I said it before and I'll say it again. Remove the CEO towards a more shareholder friendly avenue or offer a monthly dividend that makes a " smart " shareholder happy.
DeanEdmonton wrote: And I repeat - Anyone who says this stock has gone up 7.4% a year for the past ten years doesn't know how to do math or bought at the absolute bottom ten years ago at 10.00, and ignores the fact it was at 19 Feb 2011 and 21 Mar 2010, which goes to confirm the trading range I have been talking about. Even if you bought at 10, you would have been far better off over the past ten years if you traded, selling near 26 and buying back on the next dip. This stock regularly swings 30- 40% and has NEVER lived up to the analyst recommendations.
DeanEdmonton wrote: Manulife is strictly a trading stock, always has been. Have been buying and selling it for 40 years. Analysts keep recommending it as severly undervalued, with lofty price targets. They have been doing this for decades. When a stoock stays undervalued for 40 years there is a good reaason for it. The Board and Management have never been able to produce anywhere close to the results they should be obtaining. It is exactly the same now. Buy it on the dips yes, but make darn sure you sell on the up ticks as it never has held. No reason to believe it will this time. Ignore 40 years experience if you like, just trying to help.