TSE:MFC

Manulife Financial (MFC.TO)

61.75
+0.25 (0.41%)
as of Sep 25, 2026, 2:08:16 pm Market Open.
1632 watching
0
TOP PICK
Stumbled on raising capital and what they had in their guaranteed products. Lots of capital and will make acquisitions. Better growth in lifecos than in banks going forward. Potential to earn $2.50-$3 a share 2 years out, which would put the stock into the mid-$30's.
HOLD
Cut the dividend and then followed up by issuing more shares creating a great deal of dilution. Management is trying to create a bulletproof balance sheet. Doesn't think they have entirely lost the potential upside in an improving market. 2.8% yield.
DON'T BUY
Large surprise equity issue recently, which has not been cleared yet, which is why the share price is trading under the issue price. Lifecos in Canada are going to be in a pretty tight trading range until there is some clarity on the new regulations.
COMMENT
Feels there is valuation support at these levels.
DON'T BUY
Not a big fan of this. Likes companies that do well in a tough environment and will do well going forward. Due to product mixes they were in a tough spot. Economy has challenges ahead and this would be one of the first that has to come back to the market again.
TOP PICK
If you are coming into it now, the balance sheet is that much better. Now they can go on and make acquisitions. They are one of the leaders in Asia. Cleaned up their balance sheet. They are still getting priced at levels that are somewhat irrational. Expects 30% return over the next two years.
DON'T BUY
Announcement of the new equity issue caught everybody by surprise and he thinks they will have a tough slog and they may have to reduce the price to get rid of the shares. Thinks the stock will be a dead issue for a while. Longer-term they have good assets. Prefers the banks.
HOLD
Announced a $2.5 billion share issue, which caught everybody by surprise. Hopes that they will use this for good acquisitions. Fundamentally it is worth more than $19 a share and expects it to trend upwards.
WATCH
Prefers Great West (GWO-T) because of their yield. This one and Sun Life (SLF-T) are more levered to the stock market. Likes their growth opportunities in China once they get their new team in place. They cut the dividend and are still smarting from this.
BUY
3rd quarter had a lot of charges and write-downs but the earnings power is still there.
COMMENT
Stock has broken below what should have been its support. If you own, use a $19 stoploss because if that amount triggers you are looking at $12 again.
COMMENT
Bought half a position. A “show me” story. He will watch, look at the earnings and if it appeals to him he will add to his position otherwise will sell.
DON'T BUY
$26 stock price is not too far-fetched if we get the US consumer coming back and there is economic growth in the developed world and there is continued recovery. Extremely exposed to what happens in the equity markets.
PARTIAL SELL
Problem with the lifecos in that they have a fair amount of business being done in the equity market through mutual fund sales. If equity markets come under pressure this will hit their earnings. He is lessening his holdings.
BUY
Lifecos are down basically because the market is down because of credit and stock market concerns. If you have any kind of time horizon you can't go wrong.
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