Metropolitan Life (NYSE:MET) is about to release earnings. Ponder this Bear Case Scenario:
Met Life still has a huge sensitivity to market rate and interest rate products. Hedging is not significant. Can easily find themselves in a corner.
Because of its Bank Holding status it must go cap in hand to regulators to redeploy any capital. We all can guess what the answer will be long in advance.
International results have been mixed and are not expected to be major contributors to shareholder wealth in the very near future.
George Gutowski writes from a caveat emptor perspective.