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MetLife: A Lot To Like Here, If You Are Able To Wait Out The Storm
August 5, 2018
- MetLife reported better-than-expected Q2 2018 financial results that were well-received by the market.
- This insurance company is still dealing with the fallout from its internal control issues but, in my opinion, MET shares are worth a look at today's valuation.
- I plan to stay long MetLife, how about you?
MetLife's ($MET) shareholders have been on a bumpy ride over the last year, as the insurance company has had to deal with both several self-inflicted issues (internal control mishaps and the related regulatory reviews) and external factors (challenging operating environment). As a result, the insurer's stock has significantly underperformed the broader market over the last 12 months.
I believe that the recent pullback has created a buying opportunity for investors that are willing (and able) to hold onto shares for the long haul, even after considering the fact that the dip was definitely related to real issues/concerns.