Maybe, just maybe. We'll see after their Investor Day tomorrow and tax loss selling before the end of 2010.It looks like ManuLife is slowly coming back from the dead. The CEO said that once they get beyond this temporary period of unpleasantness, shareholders can look forward to core earnings north of $2 billion annually.
Wasn't ManuLife prepared to take over CIBC a few years ago?Let's see not if, but when Manulife is going to be take over target. Perhaps from another dud like CIBC.
Dominic D'alessandro was then Manulife CEO. He's the same f*cker who wrecked Manulife balance sheet before he retired in 2009 and joined CIBC board.Wasn't ManuLife prepared to take over CIBC a few years ago?
wow wow hereIt looks like ManuLife is slowly coming back from the dead. The CEO said that once they get beyond this temporary period of unpleasantness, shareholders can look forward to core earnings north of $2 billion annually.
Yep, massive short covering.wow wow here
http://www.manulife.ca/canada/canada1.nsf/public/homepage
These guys almost went under?
SO I should move my RRSP from there?Yep, massive short covering.
Plus the higher yield for 10 years treasury in the states does help somewhat.
Having said that, MFC volatility or beta nowadays has everything to do with stock market direction instead of the company fundamentals.
or China Life.
As always, you should ask a qualified adviser before making any decision.SO I should move my RRSP from there?
ASAP?
Old Latin (not Irish) proverb: "Audentus Fortuna iuvat".SO I should move my RRSP from there?
ASAP?
LOL, don't go overboard, say double down by taking money out from HELOC to punt MFC.Old Latin (not Irish) proverb: "Audentus Fortuna iuvat".