Unlike CBA and GMG fund manager MFG failed to hold recent lows yesterday as it continues to struggle in 2021, posting fresh lows for the year by the close of the day. While the stocks forecast to yield over 5% into 2022 which we feel is attractive, it still trades at a reasonable 20% premium to the sector, a premium built on a strong performance track record however that is now being questioned.
MM only likes MFG into weakness below $40, especially for the yield hungry
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