Stocks that took your returns out of this world and the doozies that pulled them down to Earth: Stars and Dogs for 2024Well, that was a doozy. It was a year of extreme politics, extreme weather and extremely poor judgment coming back to haunt some once-respected companies, such as Boeing Co., Nike Inc., Intel Corp. and a certain Canadian bank that let some shady characters get too comfy in its big green chairs.
A growing middle class in Asia, where Manulife has a significant presence, and higher bond yields, which boost insurers’ investment earnings, also helped. Not only did Manulife’s stock eclipse its precrisis peak, but its dividend more than tripled since that fateful cut 15 years ago. All of which proves that investors will eventually forgive and forget – if you make them enough money.Maybe those big green chairs were just too cozy.
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