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

IGM Financial Inc. Stock Symbol: IGM-T

Notes:Asset mngmnt

Last Price Recorded: $31.7800 on 2016-02-12

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Date Signal Expert Opinion Price
2016-01-26 HOLD Ross Healy

Any mutual fund company in Canada is going to be very unpopular in this market. Despite the really good value, the stock has taken it on the chin. It has now fallen down to a level of about $31-$31.50, which is terrific support with huge upside potential. Has a wonderful yield 6.7%, and the yield is nicely covered.


Price:
$33.380
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
Unknown
2015-12-30 COMMENT Norman Levine

All asset management companies have been hurt in the last year, partly because the markets haven’t done very much, and they get their fees on how their assets do. Also, there are new regulations coming into the mutual fund business that is putting pressure on fees, which are way too high. A well-run company. Owns this indirectly through Power Financial (PWF-T). Thinks the asset management companies are getting into a range here where they are decent investments. He would look at this one.


Price:
$35.680
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
No
2015-12-29 WAIT Hap (Robert) Sneddon FCSI

Chart shows it has had 2 little bottoms, and is positive that the downtrend has been broken. Financials in general have been pretty weak. Until this one breaks out of the downtrend channel, he would not start a new position. Rising interest rates help financials. Dividend yield of 6.3%.


Price:
$35.670
Subject:
TECHNICAL ANALYSIS
Bias:
OPTIMISTIC
Owned:
Unknown
2015-12-22 HOLD Elliot Fishman

The stock is at a very attractive level to Buy. The volume has been going up a little bit. There is no reason to think it is going any lower than it is right now.


Price:
$35.360
Subject:
TECHNICAL ANALYSIS
Bias:
OPTIMISTIC
Owned:
Yes
2015-12-04 PAST TOP PICK David Cockfield

(A Top Pick Jan 22/15. Up 13.22%.) This is an area that is hard to get representation in Canada. This segment of the market probably has good growth potential from here.


Price:
$37.640
Subject:
CANADIAN & ETF's
Bias:
OPTIMISTIC
Owned:
Yes
2015-10-09 DON'T BUY John Zechner

He has no reason to think the dividend is not safe.  The growth in the industry is stagnating.  The only way to grow is to acquire.  Margins are coming down.  He has CIX-T in this sector and recommends it instead.


Price:
$37.570
Subject:
NORTH AMERICAN - LARGE
Bias:
BEARISH
Owned:
No
2015-10-05 BUY Lorne Steinberg

An amazing sales machine.  They have great margins.  They will be subject to the transparency rules coming into force next year.  Companies like this will figure it out. 


Price:
$36.160
Subject:
Deep Value Global Equities
Bias:
SELECTIVE
Owned:
Unknown
2015-09-14 WEAK BUY Teal Linde

It has come off a lot.  The dividend is 6%.  They have about 5000 consultants with Investors Group, who are increasing their assets.  Having their own consultants should give them the ability to continue on.


Price:
$35.450
Subject:
NORTH AMERICAN
Bias:
BULLISH on US MARKET
Owned:
No
2015-07-14 COMMENT Christine Poole

59% owned by Power Financial (PWF-T). Has an attractive yield of 5.6%. Historically it increases its dividend every year or 2. The pace of increases has slowed more recently, but this is more a function that they are so large and they can’t grow as fast a pace as they could in the past. With the disclosure rules that are coming out for mutual fund fees, this is an overhang on mutual fund companies. Thinks the dividend is safe.


Price:
$40.270
Subject:
NORTH AMERICAN - LARGE
Bias:
BEARISH on OIL
Owned:
No
2015-06-15 HOLD Teal Linde

(Market Call Minute) 5% dividend.  They have a strong franchise.


Price:
$41.620
Subject:
NORTH AMERICAN
Bias:
CAUTIOUS
Owned:
Unknown
2015-06-03 WEAK BUY Alex Ruus

One of the solid Canadian mutual fund companies. It has done well and is probably towards the higher end of its valuation right now. He would call this a “soft buy” here.


Price:
$42.720
Subject:
NORTH AMERICAN
Bias:
BULLISH
Owned:
No
2015-05-28 DON'T BUY Paul Harris, CFA

You want to buy their stock and not their mutual funds.  The industry had really consolidated.  They had a lot of issues because a lot of funds are high priced.  We are moving into a world where they have to take less and less money.  They have some high MER products.  Own other parts of the power group.


Price:
$42.250
Subject:
NORTH AMERICAN/GLOBAL
Bias:
SELECTIVELY OPTIMISTIC
Owned:
Unknown
2015-03-26 PAST TOP PICK Jeff Young

(Top Pick May 22/14, Down 9.17%) It was about turning around redemptions.  Earnings have gone up but there was compression of their multiple because of pressure on their fees.  His price target is down a little from last year.


Price:
$45.800
Subject:
CANADIAN DIVIDEND
Bias:
CAUTIOUS
Owned:
Yes
2015-02-12 WEAK BUY Lorne Steinberg

Has a phenomenal franchise.  Outperforming the industry with AUM growth.  There are new regulations that come into effect over the next few years and there is the feeling that this will drive mutual fund fees down.  This may not be good for IGM.  They are a dual class share company and he is not a fan of that.  They have outperformed and gained market share.


Price:
$46.890
Subject:
Deep Value Global Equities
Bias:
CAUTIOUS
Owned:
No
2015-01-22 TOP PICK David Cockfield

(Top Pick Jan 22/14, Up 12.14%) Benefited from currency fluctuations.  The technology sector runs a bit with the economy.  You need to get your US content up and this is a safe way to do it.  Good expense ratio.  A good solid way to participate in the US tech sector.  Broad diversification.


Price:
$44.820
Subject:
CANADIAN
Bias:
CAUTIOUSLY OPTIMISTIC
Owned:
Yes
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2 Comments

jordy

June 5th 2014 at 12:31pm

Does anyone actually buy mutual funds any more? Seriously?

jordy

June 5th 2014 at 12:32pm

Does anyone actually buy mutual funds any more? Seriously?


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