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Compiling comments that experts make about stocks while on public TV.

2017-01-11

Opinion for Manulife Financial (MFC-T)

Signal Price Bias Subject Owned
TOP PICK $24.880 UNKNOWN CANADIAN & FIXED INCOME Yes

The 35-year run in the bond market is drawing to a close. All insurers are very heavily exposed on their balance sheets and through their general funds to fixed income securities. Whether mortgages, publicly traded bonds, private loans, etc. They’ve managed to claw and scratch and make money in a very repressive interest rate environment for many years. With rates backing up, it should be a tremendous boon to profitability. Trading at 1.25X BV so it is not expensive. Dividend yield of 2.97%. (Analysts’ price target is $24.92.)

Brian Madden
Senior VP & Portfolio Manager, Goodreid Investment Council

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