| SELL | 37.400 | Ross Healy | 5.2% dividend. Has just rendered another Sell signal in the last couple of days. Being a mutual fund manager, the stock rises and falls with the stock market itself. Looking for a 20% down side. | 2008-07-15 | |
| PAST TOP PICK | 38.790 | Laura Wallace | (A Top Pick Aug 2/07. Down 20%.) Great long-term investment. Over 4% yield that grows at between 15% and 20%. As the baby boom continues, these companies will do well and this is the premiere play. | 2008-07-10 | |
| BUY | 44.110 | Pat McKeough | Likes that they have their own funds and their own sales people. | 2008-06-20 | |
| BUY | 47.000 | Laura Wallace | Short term it’s going to trade in a choppy market. Mutual fund companies are high beta. In the long term, as the baby boom generation continues to save, this will be a leader in Canada. Strong balance sheet. Good management. Good record of increasing dividends. Yielding over 4%. | 2008-06-18 | |
| PAST TOP PICK | 45.320 | Laura Wallace | (A Top Pick Aug 2/07. Down 12%.) Still has a good increasing dividend yield. Longer term it will be great. Shorter term will be very volatile. | 2008-05-23 | |
| Comment | 44.220 | Norman Levine | The biggest mutual fund company in Canada. Tend to have more of a buy and hold client than most mutual fund companies. Not as great investment performance. As a long-term investment, this is a good one. | 2008-05-12 | |
| BUY | 41.900 | Hank Cunningham | Largest mutual fund company in Canada. Very good financial company, very strong. Business is growing, they have a few bonds outstanding but they don’t trade very often. | 2008-03-14 | |
| PAST TOP PICK | 42.060 | Laura Wallace | (A Top Pick Mar 14/07. Down 11%.) Largest independent mutual fund company. With aging baby boomers, there will be increased savings. Yielding 4.7% and has increased its dividends at 15% to 17% over the last 10 years. Still a Partial Buy. | 2008-03-12 | |
| BUY | 43.400 | Laura Wallace | Still likes this one. Correlated to how the market is doing, so has come off recently. Increased their dividend for the 3rd time in a year by 7%. | 2008-02-15 | |
| TOP PICK | 44.050 | Laura Wallace | (A Top Pick March 14/07. Down 7% including dividends.) Yields 4.2% and has grown its dividend at 17% over the last 5 years. Will pick up market share in a difficult market environment. Attractive long-term investment. | 2008-01-30 | |
| BUY | 46.500 | David Taylor, MBA, CFA | There are companies that pay dividends that you want to hold forever. Generates a ton of cash flow and is dirt-cheap. Buy it, put it away and he guarantees that in 10 years you will have done well. | 2008-01-10 | |
| BUY | 51.320 | Gavin Graham | Really like this area. Doesn’t have high yield. Have been consistent raises in the dividend. Believe that demand for wealth management services will continue. | 2007-11-19 | |
| TOP PICK | 52.690 | Laura Wallace | Largest independent mutual fund company. Starting to bring down fees, which will increase their market share. Very well positioned, as the aging population has to put aside funds for retirement. | 2007-08-02 | |
| BUY | 53.700 | John O'Connell, CFA | A great long-term growth story. It will do well if the markets do well. The one caveat is that there is continued pressure on fees and it is becoming very competitive. | 2007-06-19 | |
| PAST TOP PICK | 53.160 | Laura Wallace | From July 20 2006
then $44.11
Two dividends since then.
Still like the company a lot. But as the markets get choppy, this will get choppy as well.
Still holding on to it. | 2007-06-08 | |
| PAST TOP PICK | 55.950 | Laura Wallace | (A Top Pick June 19/06. Up 28%.) Yield of over 3%. Buy on weakness. | 2007-05-23 | |
| BUY | 52.170 | Norman Levine | Large mutual fund company controlled by Power Financial (PWF-T). Likes this business but prefers to do it through Power Financial.. | 2007-04-16 | |
| TOP PICK | 48.900 | Laura Wallace | Canada's largest independent mutual fund. The most efficient way for most people is through the mutual fund industry. Increases its dividend every 2nd quarter. 3.4% yield. | 2007-03-14 | |
| Comment | 50.990 | Larry Berman CFA, CMT, CTA | Hit its 52-week high last May and there is support in an upward trend. Probably OK, but not an ideal chart. If it hits the 52-week high and volume was increasing, there is a potential for a breakout. If volume is weak, it shows disinterest. | 2007-02-21 | |
| PAST TOP PICK | 50.050 | Laura Wallace | (A Top Pick Sept 22/06. Up 6.4%.) Largest independent mutual fund company in Canada. Well-suited for demographics. Still likes. | 2007-01-31 | |
| TOP PICK | 49.180 | Gavin Graham | Doing a pretty good job. Mackenzie is getting lots of inflows from the Cundle side because of the international focus of mutual fund plays for RRSP season. 3.3% dividend which he expects will be increased. | 2006-12-28 | |
| DON'T BUY | 48.500 | John O'Connell, CFA | A well-run company. Hasn't done a lot the last year or two. Expect there will be continued pressure on Managers Expense Ratios in mutual funds. They are selling to a market that is becoming quite disillusioned with mutual funds. | 2006-11-27 | |
| TOP PICK | 48.350 | Rob Callander | Good dividend paying stock. Likes that they have their own dedicated sales force. Largest mutual fund company in Canada. Good price. | 2006-11-23 | |
| HOLD | 48.770 | Michael Smedley | There are only so many quality companies and this is at the top end of the financial services companies of this type. Trading at 17 X earnings. | 2006-11-22 | |
| BUY | 47.600 | Ian Nakamoto | An excellent buy. Has low cost distribution. The financial planning side goes well. | 2006-11-07 | |
| PAST TOP PICK | 47.290 | Laura Wallace | (A Top Pick Sept 26/05. Up 12.7%.) Would continue to buy it. Has increased its dividends, 17% over the last five years. | 2006-10-24 | |
| WEAK BUY | 46.300 | David Driscoll | This is London Life, Great West Life and it’s going to have the mutual funds behind it. The falloff in resource prices has been a problem and if new money is not coming in, the stock price will drop. | 2006-10-20 | |
| Comment | 45.880 | Gordon Higgins, CA, MBA, CFA | A little more stable than CI Funds (CIX.UN-T). Thinks the market will have a saw tooth pattern, i.e. up and down. Expect the market will be higher in a year, but would be very cautious. | 2006-10-12 | |
| BUY | 46.200 | Jonathen Wellum, B. Comm, B. Sc | A very strong wealth management business. If you can buy in the mid-$40 range and you hold for the long-term, it's a great position and great asset. | 2006-10-10 | |
| DON'T BUY | 46.140 | Bruce Campbell | He is not optimistic that there will be really great stock market returns in the next year or two. This stock will probably be okay, but not great. | 2006-10-05 | |
| DON'T BUY | 46.800 | John O'Connell, CFA | Has been a shift away from people putting money into mutual funds and a big shift towards money management or i-shares where fees are much lower. Good dividend at 3.4%. Banks would be better investments. | 2006-10-03 | |
| TOP PICK | 47.130 | Laura Wallace | This is a mutual fund company. It is a cheap stock with a great yield. Believes as the baby boomers generation move up the age curve they will continue to save and companies like IGM will be at the forefront. | 2006-09-22 | |
| PAST TOP PICK | 46.940 | Laura Wallace | (A Top Pick Sept 26/05. Up 10%.) Canada’s largest independent mutual fund company. Still buying for clients. Great dividend yield and great record of increasing its dividend. | 2006-08-14 | |
| TOP PICK | 44.110 | Laura Wallace | Off about 20% from its peak. Remains a leader among the independent mutual fund companies. Great dividend yield and a great record of increasing the yield. Very positive demographics. | 2006-07-20 | |
| TOP PICK | 43.950 | Laura Wallace | Largest independent mutual fund company in Canada. Mutual funds are high beta stocks. When the market goes up they go up far more and when it comes down, they come down harder. Has a very strong growth profile. Demographics on a medium to longer-term basis for mutual fund companies is excellent. Very well run. 3.5% dividend. | 2006-06-19 | |
| PAST TOP PICK | 47.290 | Laura Wallace | (A Top Pick Mar 15/06. Up 3%.) Still likes it for the long-term. Great dividend yield. Great history of increased dividends. | 2006-05-17 | |
| BUY | 51.740 | Norman Levine | The largest and premier mutual fund company in Canada. Has experienced very good sales growth. With the markets going up, its asset base is going up. | 2006-05-09 | |
| TOP PICK | 51.950 | Laura Wallace | First pretty interesting value here. Holding its own in the mutual fund wars against the banks. It is Canada's largest independent mutual fund company. Likes the dividend yield of 3.2% and the dividend increases which have grown at 15% over the last 10 years. | 2006-05-03 | |
| WEAK BUY | 52.050 | Michael Smedley | Superbly strong. The market is strong. The industry is strong. If they stay strong, this goes higher. There are probably one or two cheaper ones around. | 2006-04-20 | |
| TOP PICK | 49.120 | Laura Wallace | Cheap, relative to its peer group. Good dividend yield of 3.2%. Has increased its dividend at 16.5% per year over the last five years. Demand for mutual-fund products is going to continue to increase. | 2006-04-10 | |
| TOP PICK | 49.470 | Laura Wallace | A very well positioned financial in what is going to be an increased savings generation. Largest independent mutual fund company. Tremendous record of returning money to shareholders. Dividend has increased about 17% each year over the last five years. | 2006-04-06 | |
| TOP PICK | 47.000 | Laura Wallace | IGM Financial has generated great growth and earnings. Just raised their dividends. They have recommended this stock before. They started to buy this stock at $27.00. Stock is interest sensitive. | 2006-03-15 | |
| BUY | 45.650 | Paul Harris, CFA | One of the beauties with this company is that they have huge scales. They are one of the biggest companies in the industry. Have a strong sales force methodology. Able to do good acquisitions. | 2006-01-09 | |
| PAST TOP PICK | 45.250 | Laura Wallace | A Top Pick Oct 19/05. Up 12%.) Still buying at this price. Canada's largest independent mutual fund company. | 2005-12-22 | |
| BUY | 42.800 | David Driscoll | Will give you a decent dividend yield over time. Their growth on the mutual fund side as well as wealth management and financial planning gives them a little bit more of a niche than some of the other players. | 2005-11-03 | |
| TOP PICK | 40.660 | Laura Wallace | The largest independent mutual fund company in Canada. Has come off recently as the trust speculation for CI Funds evaporated. Has the ability to compete because of the synergies because of its size. | 2005-10-19 | |
| TOP PICK | 42.740 | Laura Wallace | A 3.25% yield. Has a good record of increasing the dividend. | 2005-09-26 | |
| TOP PICK | 40.810 | Laura Wallace | (A Top Pick May 2/05. Up 6.4%.) The largest independent mutual fund in Canada. Will be dependent on markets continuing to be reasonable. Likes the demographics of the mutual fund industry. Dividend yield of 3.2% whih will be inreased. Reasonably priced trading at about 13.5 X next year's earnings. | 2005-08-24 | |
| PAST TOP PICK | 39.110 | Laura Wallace | (A Top Pick May2/05. Up 2%.) As people become more confidant with the equity market, it is very well positioned. Has increased its dividend. | 2005-07-19 | |
| VAGUE | 39.000 | Gavin Graham | Had a runup because of CI Financial making an offer for Amvescap, the parent of AIM Trimark. This focused attention on the values of the Canadian mutual fund industry. | 2005-07-13 | |
| TOP PICK | 36.800 | Laura Wallace | Canada's largest independent mutual fund. Good growth. As equity markets recover, mutual fund investors will be coming back to equity funds. A high margin business. 3.6% dividend yield and is likely to increase it at a 10/15% rate in the next 3/5 years. Trades at a low mutiple at 12.5 X next year's earnings. Well run. | 2005-06-20 | |
| TOP PICK | 37.250 | Laura Wallace | Just increased the dividend by 17% to 3.5%. Should continue to do well. Canada's largest independent mutual fund company. | 2005-05-18 | |
| TOP PICK | 38.200 | Laura Wallace | Largest independent mutual fund company. Has all the distribution channels covered with the Investors Group and the MacKenzie Group. 3.5% dividend yield with a good record of increasing dividends. Trading at 14 X next year's earnings. | 2005-05-02 | |
| TOP PICK | 37.400 | Laura Wallace | Mutual fund stocks are high beta, when the market does well they go up more. Has captive sales forces and independents. A really wide breadth of product across all the different asset classes. Cheap at 14 X earnings. Yield is 3.5% which could increase 6/10% over the next 5 years. | 2005-03-28 | |
| BUY | 37.580 | Laura Wallace | Great growth, gaining market share. Good value with good growth. | 2005-02-28 | |
| BUY | 35.120 | Laura Wallace | All the Power group has done well, but out of Power Financial, Power Corp, Investors Group and Great West Life, they prefer Investors Group which has the best outlook. Great West has done really well. Wouldn't object to owning any of these, but they trade at a discount so you don't get the full benefit. Likes the European exposure in Power Corp. | 2005-01-31 | |
| TOP PICK | 35.860 | Laura Wallace | Very well managed company. Bringing down costs and gaining market share. Positive on the stock market for next year and this one shoud do well in that environment. | 2004-12-23 | |
| PAST TOP PICK | 34.900 | Laura Wallace | (A Top Pick Aug 9/04. Up 9%.) Still likes a lot. Working hard on taking costs out of the system. Great distribution network and will continue to grow. | 2004-11-18 | |
| PAST TOP PICK | 33.780 | Laura Wallace | (A Top Pick Aug 9/04. Up 3.5%.) Still buying. The largest independent in Canada. | 2004-10-20 | |
| DON'T BUY | 34.000 | David Baskin | Under a cloud as they are under investigation. Not a fan of mutual fund companies because of the pressure re: high fees and high expenses. | 2004-10-04 | |
| BUY | 34.050 | Norman Levine | The leading mutual fund organization in Canada. Would prefer to own the parent company, Power Financial. | 2004-09-08 | |
| TOP PICK | 32.650 | Laura Wallace | The largest independent mutual fund company. Quarterly earnings were up 16%. Increased the dividends. Redemptions have been stemmed. Not an expensive stock. | 2004-08-09 | |
| BUY | 33.650 | Matt Baillie | With their investment advisers, they have a tight link with the clients. The redemptions are far less than with other funds. A long-term hold. | 2004-07-30 | |
| TOP PICK | 32.640 | Laura Wallace | Well positioned. Not expensive. Good dividend yield. | 2004-07-12 | |
| HOLD | 32.700 | David Taylor, MBA, CFA | The stock is absolute market dominant. Cheaper than CI. Prefers AGF. | 2004-06-22 | |
| TOP PICK | 33.150 | Laura Wallace | Recent acquisitions is very positive. These types of stocks tend to trade along with the market so, with a positive outlook for the market, it should do well. | 2004-05-19 | |
| TOP PICK | 32.400 | John Sinkins, CFA | There has been dramatic growth in the last few months in mutual fund sales. Hopefully, that momentum can be maintained. 3% plus dividend yield. | 2004-05-11 | |
| PAST TOP PICK | 34.240 | Laura Wallace | (A top pick Feb 25/04. Up 1.5%.) Still likes. Just reported spectacular earnings up 23%. Well-positioned in the mutual fund industry. | 2004-05-04 | |
| BUY | 35.950 | Gavin Graham | Going to continue to go up. Pays reasonable dividend. Like it. | 2004-03-30 | |
| BUY | 36.000 | Michael Smedley | Could see it reaching $40 in the next two quarters. A blue-chip. Nice dividends. Long-term hold. | 2004-03-23 | |
| TOP PICK | 33.250 | Laura Wallace | Acquired Mackenzie Financial giving them a nice diversification from their own distribution network based business. Also, just made another acquisition which will be good. Reported greater earnings. Decent dividend which is likely to grow. | 2004-02-25 | |
| TOP PICK | 33.130 | Peter Arender, CFA | Good balance sheet, producing good earnings. Good discount. | 2004-02-04 | |
| BUY | 33.550 | Bruce Campbell | Leveraged to the market and goes up in good times, down in bad. In positive territory for the next year or so. | 2004-01-27 | |
| PAST TOP PICK | 31.530 | Laura Wallace | (A top pick Oct 15/03. Up 9½%.) A better environment for the mutual funds now. Not as many redemptions are occurring. | 2003-12-01 | |
| TOP PICK | 29.150 | Laura Wallace | Market tone is better. Has a captive sales force. Well managed. Reported earnings better than expected. Should provide a great return. | 2003-10-31 | |
| TOP PICK | 28.700 | Laura Wallace | Although there could be a cause, in an improving market environment, equity markets have a positive tone to them. Mutual fund companies will outperform the market. | 2003-10-15 | |
| BUY | 28.950 | Ray Steele | Have had some consolidation issues to deal with. The outlook for the fund industry should improve greatly over the next 12 months. | 2003-10-03 | |
| PAST TOP PICK | 29.010 | Laura Wallace | (A TOP PICK Aug 18/03. Up 3-½%.) Still likes and thinks it will do very well over the next 3 to 5 years. | 2003-09-19 | |
| BUY on WEAKNESS | 28.200 | Richard Stone | Would buy a little lower. A really good platform. | 2003-09-10 | |
| BUY | 28.000 | Mark Jackson, CFA | Likes this company. Did a good job on their acquisition of McKenzie. | 2003-08-27 | |
| TOP PICK | 28.200 | Laura Wallace | Moving into a more positive market, mutual fund companies will do very well.A well diversified fleet of funds.Good dividend yield. | 2003-08-18 | |
| BUY | 27.870 | Peter Brieger | A first rate company.A great leverage play on a market recovery over the next two to three years.3% yield. | 2003-08-13 | |
| BUY | 27.600 | Michael Sprung | Has a large distribution network. A good company. A good place to be positioned. | 2003-06-12 | |
| BUY | 27.900 | David Burrows | Has stayed strong in a weak market. Would prefer Power Financial. | 2003-06-04 | |
| BUY | 27.800 | Craig Porter | Mutual funds have been slow to recover, but thinks they wil come back. | 2003-06-02 | |
| WEAK BUY | 27.500 | Andrew McCreath | A solid business and well run. Would prefer to own it through Power Financial. | 2003-05-29 | |
| PAST TOP PICK | 26.400 | Gavin Graham | (Was a top pick on Apr 9/03. Up 6%.) Still likes. Has a good dividend yield. | 2003-05-22 | |
| BUY | 26.250 | Richard Stone | Aggressive platform with their sales force. Very stable and aggressive with earnings growth. Also has dividend growth. | 2003-04-21 | |
| BUY | 26.100 | David Taylor, MBA, CFA | A higher dividend yield than AGF, so prefers this of the two. | 2003-04-15 | |
| TOP PICK | 25.200 | Gavin Graham | 3% yield. Industry leader. | 2003-04-09 | |
| DON'T BUY | 25.750 | David Baskin | Fund business has not been great. Expects some consolidations of some companies. | 2003-03-04 | |
| DON'T BUY | 25.500 | Bill Shaw | May be tough to maintain its value. | 2003-01-30 | |
| BUY | 25.440 | Gavin Graham | 3.3% yield. | 2002-10-18 | |
| BUY | 23.740 | Nereo Piticco | Has done very well. Long term, solid core investment. | 2002-09-24 | |
| WEAK BUY | 23.990 | Glenn Paradis, BA, CFA | Reasonable entry point for a long term hold. Prefers Power Financial. | 2002-09-12 | |
| HOLD | 25.300 | Laura Wallace | Well managed. Mackenzie was good acquisition. Will depend on the market. | 2002-09-09 | |
| BUY | 26.510 | Brian Acker, CA | Will do very well. | 2002-08-22 | |
| BUY | 25.900 | Bob Stodgell | Likes the sectors. Has a good sales force. Good dividend. | 2002-08-07 | |
| BUY | 27.490 | Steven Wippersteg | Doing well. Good acquisitions. | 2002-07-05 | |
| PAST TOP PICK | 26.850 | Brian Acker, CA | Still likes. Good price, but could drop further. Wait for a month or two. | 2002-07-04 | |
Experts that have talked about IGM Financial Inc.
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