It appears that MFC common has broken out today on heavy volume. After making a long-term base with a high of just below $20@share, the stock moved decidedly above this price today on four times it normal shares traded. I agree with those pundents who are bullish on this security, reflecting the more favorable fundamentals of the life insurance industry and strong strategic position of this company, in particular. I believe these shares have significant upside potential during 2014.
It still has 50% to go. You will find consolation if you remember AIG lost 95% of its value. The reversed split consolidated 20 shares to 1. Time to load up AIG, its balance sheet is very strong now.. All insurance companies will benefit from rising interest rate. .