Our purchase of MFG in late June has been a bumpier ride after announcing large outflows just a few weeks later but encouragingly the markets eroded those losses on no fresh news – the company reports on the 18th and our feeling is the market will welcome almost anything except another negative surprise – unfortunately almost the norm of late!
- We are initially targeting a break above $10 by MFG i.e. ~10% higher.
MM is long and bullish toward MFG
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