Why is MFC so cheap?

Not sure to be honest. It remains one of the best value plays among all TSX-listed financials.

Stocks can remain undervalued for a long time before rebounding. Here is the thing, once they return to trade inline with more appropriate valuations, it can happen in a heartbeat. Two good examples of this from recent times include POW, TFII and GSY. All three were cheap (much like Manulife) for years - then pop - the markets finally took hold and they soared and haven't looked back.

We have zero problems accumulating Manulife in this area. Trading at a 17% discount to historical averages and is ranked a perfect 10 on Ycharts valuation score. Might need a little more patience, but IMO the company will reward patient investors.

Mat

Not sure to be honest. It remains one of the best value plays among all TSX-listed financials.

Stocks can remain undervalued for a long time before rebounding. Here is the thing, once they return to trade inline with more appropriate valuations, it can happen in a heartbeat. Two good examples of this from recent times include POW, TFII and GSY. All three were cheap (much like Manulife) for years - then pop - the markets finally took hold and they soared and haven't looked back.

We have zero problems accumulating Manulife in this area. Trading at a 17% discount to historical averages and is ranked a perfect 10 on Ycharts valuation score. Might need a little more patience, but IMO the company will reward patient investors.

Mat