Does anybody have any idea why Manulife stock declined from $23 to $13 in the space of a few days? What is the market saying about the company?
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Rockslinger said:Is it true that Manulife is bankrupt? Do you have any insurance policies or investment products with them? Are they safe? Are you a Manulife shareholder? Remember Confederation Life went bankrupt several years ago so insurance companies can go bankrupt.
Yeah,calloway said:I can't find anything on this... where did you read it?
Unless you have some solid backup on this, it is a really irresponsible post. If it's true, post a link or a source for your question, otherwise post your question on the bullboards (they have that name for a reason!) on stockhouse.Rockslinger said:Is it true that Manulife is bankrupt? Do you have any insurance policies or investment products with them? Are they safe? Are you a Manulife shareholder? Remember Confederation Life went bankrupt several years ago so insurance companies can go bankrupt.
Rockslinger said:Just to clarify, my post is a question and not a statement.
Wouldn't a question be something like... "What would you guys do if Manulife went bankrupt?"Rockslinger said:Is it true that Manulife is bankrupt?
But, it is closer to $13 than $30 right now.yesguy said:Manulife Financial Corporation (MFC - $15.08) Rating: 1-Sector Outperform Target: $30.00
But what if you are wrong? Who would have thought a year ago that Citi and BofA would be dead in the water today?Steely said:DON'T panic and DON'T start or spread un substantiated rumors!!
The regulatory environment that Citi and BoA operate in is a far cry from the one the Canadian financial industry, banks and lifecos, operates in. Just food for thought, IMHO.Rockslinger said:But what if you are wrong? Who would have thought a year ago that Citi and BofA would be dead in the water today?
Does that mean we are not allow to ask questions about the solvency of publicly listed companies? What about that guy who wrote the article that Citi and BofA are dead in the water? Did someone say death to short sellers?enduser1 said:Are you aware that the SEC has recently begun charging people with manipulating stocks by badmouthing them on investement boards so that they can buy them cheap?
Rockslinger said:Does that mean we are not allow to ask questions about the solvency of publicly listed companies? What about that guy who wrote the article that Citi and BofA are dead in the water? Did someone say death to short sellers?
What about people who are "goodmouthing" a company so they can sell and get out while the getting out is still good?
My friend's parents who went to retire in a "white gated community" in warm weather South Africa put all their nest egg in a South African insurance company that promised to pay them a million dollars a year for as long as they shall live. Two years later that insurance company went belly up and the money was nowhere to be found. The parents returned to Canada and were living in my friend's one bedroom apartment the last time I looked. I remember thinking to myself at the time that this could never happen in a first world country like Canada. Thank goodness they changed the accounting rules!nottyboi said:If they had been forced to "Mark to Market" they would not have sufficient assets to cover their liabilities and would be bankrupt..
Could you also warn that other TERBIE who keeps saying Google will go bellyup? How can Goggle go bellyup, they must get a billion visitors everyday? How come nobody warn me about Nortel (maybe I was in the VIP at the time, shoot)?enduser1 said:Are you aware that the SEC has recently begun charging people with manipulating stocks by badmouthing them on investement boards so that they can buy them cheap?
On second thought I think I could have phrased the issue better. I'll do an edit. BTW I am a nice guy. Thanks.Barca said:Rockslinger...you're a nice guy and I like you, but that first post was incredibly stupid.