SunLife Financial (SLF): Why I added to my existing position
Looked like pretty good value
I added to my existing position in Canadian financial services firm SunLife Financial (NYSE: SLF) today at $29.00/share. My rationale for the acquisition was simply that the stock looked like pretty good value in a recent market where several stocks look rich. Let's look at the numbers:
SunLife just reported first-quarter earnings today after the closing bell of 72 cents/share. This eclipsed the Street's expectations by 11%.
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