most of the analysts love this stock, most rate it buy or strong buy, should point out that this company will probably have to issue more debt and equity going forward, so that might cloud some of their judgement.
estimates are for them to be profitbale in the next two quarters. the estimates for 2010 are 1.10-1.15 and 2.25-2.50 2011 roughly.
these estimates seem a little agressive but in many ways it depends on the health of the economy. I think the market barring some new credit crisis or one getting worse...will be flat to positive in the next few years.
not great growth from the economy, far from it, maybe 1-3%, probably closer to 1%. the stock is close to its highs and performing well, so would hold, though would have a stop set in my mind.
own the cdn. banks, (trading AFL ) plan on it be long term holding, MFC do not own it but have options short and long....more long...MFC is flawed but should be able to generate 2-3 per share in earnings...downside is if the market goes lower 1:3 hedged.
also own nick, was a pick months ago, has done well, others have done better...will hold.
the ceo get more props when things are going good, I am okay when they take more blame, in a way they are being paid millions for a reason it is their ship.
thanks
selkirk
