You numbers are correct. On the surface MFG is a great buy. I have owned it in the past and I will own it in the future.
The big question is how the earthquake/Tseunami/nuclear crisis will affect the entire financial industry in Japan. Whole cities could default on their bonds, consumers have lost or temporarily lost their employment, factories are down or have reduced production.
I expect it to continue to drift down. I do have a buy order at my first entry point of $2.97/PPS.
This stock offers a good risk-reward going forward. It was recommended a couple of months ago on Fox and I purchased then. I am now back to break even and if it falls much more I will buy more. Look for a good return over the next couple of years.