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Manulife Financial Corporation Message Board

  • rc_11 rc_11 Oct 31, 1999 9:13 PM Flag

    *any* comments?

    I was part of the demutualization and decided to
    keep all stocks. I was disappointed with the opening
    price (12 as opposed to expected 18), but with news of
    coverage by various firms, it seems to be coming around a
    bit. Another Canadian company (I forget the name) went
    public this week and its price did pretty well, although
    MFC seems to be blaming the overall market sector for
    its depressed price. I must confess, this is a sector
    that I don't know much about, so any conversation
    would be welcome.

    My wife says dump it and redo
    the livingroom :)

    R

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • i to was part of the demutualization and i'm
      holding the stock for two reasons. First, i don't want to
      pay 39% tax when i can wait one year and pay 20%.
      Second, the top people at manulife invested 20,000,000 of
      their own money and i know the president will make this
      company grow. I also invested another 100,000
      to buy
      more. Mfc should be a winner.

    • I'm gonna hold. MFC has a P/E of 8.2 is well
      positioned in the Asian market (which is rebounding), and
      has all sorts of potential for expansion in the US
      (with the banking reforms that have just been
      passed).

      I think the reason it's been such a flat offering
      is that it just hasn't hit the institutional
      investors radar screens yet, and frankly insurance
      companies don't really generate a lot of excitement for the
      the individual investor.

    • rc11 - I'm in the same boat. I consider the $10K
      worth I got found money. I sort of look at this as
      buying 803 shares at $.01. Yes, one cent. I never
      expected to see anything. I would say it was a price of
      zero, but that messes up my portfolio calculations.


      Like you I have no experience at all with the
      insurance industry, although I'm just starting to
      understand that MFC is a lot more than insurance.

      I
      guess I can afford to learn more for quite a while. I'm
      in no hurry to sell. I don't need a new livingroom
      :-)

 
MFC
19.18+0.20(+1.05%)Dec 19 4:05 PMEST

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