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Compiling comments that experts make about stocks while on public TV.

CI Financial Corp Stock Symbol: CIX-T

Last Price Recorded: $27.4000 on 2017-06-23

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Date Signal Expert Opinion Price
2017-03-24 HOLD Greg Newman

They had 2.4 Billion in outflows due to industry headwinds.  They have a 65% payout ratio so you are going to get that dividend.  He forecasts 10% share growth over the next couple of years.  It is cheap, 12 times, vs. its 7 year average.  You will get a better exit later on.  He has been writing puts to pick it up.  Don’t have it as a big position or to hold for 50 years.  You should exit if it reaches $32 over the next couple of years.


Price:
$26.510
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
BULLISH on DIVIDEND STOCKS
Owned:
Yes
2017-03-14 PAST TOP PICK Daniel Lloyd

(A Top Pick July 5/16. Down 5%.) *Short* Still one of his largest short positions.


Price:
$27.020
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
Yes
2017-01-09 PAST TOP PICK Daniel Lloyd

*Short* (Top Pick Nov 9/16, Up 13.10%) He has been short.  He is just leaving it on.  The stock is up a reasonable amount but an insider is selling.  It is a very expensive stock in a dying industry.  They are seeing net outflows.


Price:
$28.390
Subject:
CANADIAN
Bias:
CAUTIOUS
Owned:
Yes
2017-01-09 TOP PICK Daniel Lloyd

*Short*, stay short.  The industry is in secular decline. (Analysts’ Target: $28.83).


Price:
$28.390
Subject:
CANADIAN
Bias:
CAUTIOUS
Owned:
Yes
2016-12-08 HOLD Jim Huang

There are always take over rumours on this. It is the biggest independent fund company out there. He sees that as being less likely these days as most Canadian banks have their fund presence already. This is one of the more efficient operators, concerning expenses and paying good dividends, so it is a good place to be. However, they are facing challenges with regulations on fees.


Price:
$29.500
Subject:
NORTH AMERICAN
Bias:
UNKNOWN
Owned:
Unknown
2016-11-09 TOP PICK Daniel Lloyd

*Short* He recently added to his short position.  It was the first real pop in the stock since he started shorting it.  The earnings were particularly bad and the firm sees net outflows from their funds.  CRM2 is forcing brokers to disclose what they are paid by mutual fund companies.  He thinks it is a secular bear story.  There is somewhat of a risk that they get bought out.


Price:
$25.310
Subject:
CANADIAN
Bias:
BEARISH
Owned:
Yes
2016-11-09 PAST TOP PICK Daniel Lloyd

*Short* (Top Pick Sept 15/16, Up 2.14%) He is keeping it on as he sees it going into the teens.  There is enormous competitive and regulatory pressure. 


Price:
$25.310
Subject:
CANADIAN
Bias:
BEARISH
Owned:
Yes
2016-11-08 HOLD Norman Levine

His opinion on mutual funds in general is to Hold for now and maybe Buy later on. The mutual fund industry is about to go through a big problem with CRM2, where clients are about to find out the egregious amount they pay in MER’s to own the funds. That could cause some disruption for the industry. Dividend yield of 5.5%.


Price:
$25.310
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Unknown
2016-11-04 COMMENT Michael Sprung

Just reported a significant outflow over the last quarter, about $1.5 billion of assets, and are projecting more to come in the next quarter. It’s primarily institutional assets, so it’s pretty low margin business. All these companies are under pressure and prices are being pushed down, so margins are likely to come down. The only way they can deal with that is through cost control. He is a little cautious about the whole industry.


Price:
$25.050
Subject:
CANADIAN LARGE
Bias:
UNKNOWN
Owned:
Unknown
2016-09-23 COMMENT Greg Newman

Have had some weak mandates over the last 12-18 months, and some sizable institutional outflows. There are a lot of mutual fund headwinds, but thinks these are more than captured in the valuations. Trading around 13X versus its 18X five-year average. His analysts model 80% growth in 2017 over 2016. There is $1 billion of institutional commitment that could come on over the next two quarters. They have a buy back which helps them. Good 5.5% very well covered dividend yield. Cheap enough that you could write a Put and get paid premiums. This is good here for a nice little trade.


Price:
$25.320
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
UNKNOWN
Owned:
Unknown
2016-09-15 TOP PICK Daniel Lloyd

*Short* The new disclosure requirements about fees will crimp sales especially at companies where sales are weak like this one.  It is still a very expensive stock.


Price:
$25.010
Subject:
CANADIAN
Bias:
BEARISH on BONDS
Owned:
Yes
2016-09-15 PAST TOP PICK Daniel Lloyd

*Short* (Top Pick July 5/16, Up 4.74%) They have been seeing redemptions over the past year.  He is still short this stock.  The valuation is still very expensive.  It is a very tough business with the regulatory environment changing in Canada.  Broadly, it is a very well managed company, however.


Price:
$25.010
Subject:
CANADIAN
Bias:
BEARISH on BONDS
Owned:
Yes
2016-08-18 HOLD Michael Simpson, CFA

Well run / well managed.  There were concerns of loss of institutional mandates and the strength of their sales.  They have healthy profit margins.  Management is good. 


Price:
$25.010
Subject:
NORTH AMERICAN DIVIDENDS
Bias:
SELECTIVE
Owned:
Yes
2016-08-17 DON'T BUY Colin Stewart

This has a fairly attractive dividend, so some people tend to own it for that reason. It is in the mutual fund business, and he worries that there are a lot of long-term pressures on that industry. Not a particularly cheap stock and has an OK dividend.


Price:
$25.000
Subject:
NORTH AMERICAN - LARGE (LONG/SHORT STRATEGIES)
Bias:
CAUTIOUS
Owned:
No
2016-08-08 SELL David Baskin

(Market Call Minute) All mutual fund companies will get hit by the upcoming discloser of fees.  Funds should move to ETFs.


Price:
$25.870
Subject:
NORTH AMERICAN - LARGE
Bias:
SELECTIVE
Owned:
Unknown
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