Viewing Company IGM Financial Inc. | StockChase
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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: $39.6100 on 2017-05-24

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Date Signal Expert Opinion Price
2017-03-28 DON'T BUY Paul Gardner, CFA

It has issues.  Its underlying mutual funds are generally high fees.  It is more vulnerable to a sell off because the shares are expensive, 17 times PE.  The mutual fund space is being hit with lower fees. 


Price:
$40.720
Subject:
FIXED INCOME, LARGE CAP DIVIDENDS AND REITS
Bias:
OPTIMISTIC
Owned:
Unknown
2017-01-11 DON'T BUY Brian Madden

This has been a tremendous growth story over the years. Has some concerns about conventional mutual fund managers as a whole, including this company. Financial services, specifically mutual funds and asset management is a mature industry that is not growing at 2, 3, 5 or 6X GDP growth rates any more. It is becoming more fee competitive. There are costly and disruptive regulatory forces on the horizon. To the extent that management fees will be phased out over time by regulatory action, it is going to prompt a lot of disruption.


Price:
$40.840
Subject:
CANADIAN & FIXED INCOME
Bias:
UNKNOWN
Owned:
No
2016-10-05 COMMENT Brendan Caldwell

If you are coming into this as a new investment, he would prefer Power Financial (PWF-T) because you have investors group as well as Great West Life (GWO-T). While not as exciting, it would be a good hedge in that it would stand to benefit from a rising interest rate environment. However, IGM is at a low right now, so doesn’t think you will be hurt by continuing to own it.


Price:
$35.410
Subject:
CANADIAN VALUE
Bias:
UNKNOWN
Owned:
Unknown
2016-06-10 COMMENT Jerome Hass

Shares could suffer when the new regulations come into place on July 15. They will force brokers and mutual funds to fully disclose all embedded fees within the clients’ statements. Thinks there will be more passive investing.


Price:
$36.640
Subject:
CANADIAN MID-CAPS & LONG/SHORT STRATEGIES
Bias:
CAUTIOUS
Owned:
Unknown
2016-05-04 WATCH Greg Newman

It is a steady eddie.  It is a good long term play.  He would not own it right now.  There is uncertainty with regulatory changes coming to the industry so he would not buy it right now.


Price:
$37.760
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
OPTIMISTIC
Owned:
Unknown
2016-04-29 DON'T BUY Don Lato

Money has been coming out of equity mutual funds. Ironically this one has been doing very well relative to the industry over the last year. A tough business and could become even tougher on July 1 when CMR2 comes out, the new mandate of the OSC, where fees are going to be disclosed. Valuation is cheap, but there are too many headwinds. He would prefer Fiera Capital Corp (FSZ-T) which focuses on the institutional and US markets.


Price:
$39.510
Subject:
NORTH AMERICAN
Bias:
UNKNOWN
Owned:
Unknown
2016-04-25 COMMENT Paul Tepsich

First preferred 5.9% noncumulative 1st preferred series B? Wouldn’t classify this as a secure fixed income security, so it should be a very small portion of your fixed income portion. Wouldn’t be a buyer of the stock, but might consider this “preferred” as a Hold.


Price:
$39.310
Subject:
Canadian Small-Mid Cap & Fixed Income
Bias:
BEAR
Owned:
Unknown
2016-03-15 COMMENT David Burrows

We have an improving stock market and people generally under-own equities. If he wanted exposure to companies that benefit if the market recovers, then he would want to look at investment management companies, and this company fits that bill. This has a lot of exposure to Canada and Canadian investors, so it will benefit. He would prefer something that will benefit more from the US market. You should do fine with this as it will rally with the market, but he would prefer Blackrock (BLK-N), a big manager of ETF’s. ETF’s are growing like wildfire. They will also benefit from management fees they get paid managing these ETF’s. Dividend yield of 6.4%.


Price:
$37.270
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Unknown
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
Showing 1 to 15 of 210 entries
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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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