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MFC will go UP
$42.00 on 11/15/08
$17.70 (-54.44% from time of market call)
I find it surprisng that most people follow the high profile names which do OK but are not destined to be big winners. People should start doing a little research on their own....
MFC got hammered when they made their earnings announcement on 5/6...it turned out to be a golden opportunity. What people missed in the conference call was the underlying strength & growth in the insurance business. MFC got lumped in with the banking dawgs...it is not.
This is a long term hold with potential to be $50 within 18 months. With divvies you are looking at over a 20% return.