Forum Archive Index - July 2000

[Brian Gale <brigale@i4free.co.nz>]

Hi Krypt

  For what it is worth McEwen recommended MET as a buy in  early May @ 
1.85.  The reasons included the good property held and the fact that the 
Todd family have a 35% stake. With the depressed state of the market it is 
probably suffering like many other good shares. Should be a HOLD  IMHO.
Regards
BG
I don't have MET but watching



At 23:19 30-06-00 +0000, you wrote:
>Hello All
>
>Some time ago (when I was more naive maybe?) I brought some MetLife 
>shares. I see now they are steadily decreasing in value.
>
>Even if they returns to previous profits (1998) they would have (at 
>current price) a PE of 11.65. The shares are currently around $1.60 and 
>have a NTA of $1.18.
>
>Also what concerns me is the low cost of entry into the retirement industry?
>
>Thoughts and comments and a sounding board most appreciated!
>
>Cheers
>
>
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