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IGM Financial Inc. Stock Symbol: IGM-T

Notes:Asset mngmnt

Last Price Recorded: 51.8800 on 2014-09-02 01:14:06

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Date Signal Expert Opinion Price
2014-07-08 BUY Christine Poole

61% owned by power financial.  4.2% dividend.  Their assets will grow.  She decided to hold Canadian banks.  It is fine if you want a nice yield.


Price:
$50.960
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
No
2014-06-20 BUY Patrick Horan

This is a good company. Very well-managed. Their fund performance is decent. He was hoping for a share buyback. 4% dividend yield. You will do well with the stock.


Price:
$50.740
Subject:
NORTH AMERICAN
Bias:
BULLISH
Owned:
Yes
2014-06-12 WATCH David Burrows

(Market Call Minute.) Not the top performer in the asset management group. He really likes the sector, and they’ll probably ultimately get this right. Going through a restructuring. He would like to see some positives on the numbers before buying.


Price:
$50.700
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH on ENERGY
Owned:
No
2014-06-04 HOLD Teal Linde

A solid company. One of their advantages is that they have a proprietary network of advisors and have their own funds, which they basically recommend to their clients. A 4% plus dividend. Not a fast grower, but very steady.


Price:
$51.370
Subject:
NORTH AMERICAN
Bias:
BULLISH
Owned:
Unknown
2014-05-22 COMMENT Todd Johnson

Has 2 divisions, McKenzie and Investors Group and there has tended to be redemptions on the McKenzie side, but net additions on the Investors Group side so these 2 divisions tend to go in opposite directions. There hasn’t been a lot of earnings growth. Hasn’t gone anywhere for the last 5-6 years. Pays a nice dividend so you are being paid to be patient. The dividend is very well covered and the redemptions from McKenzie have slowed down considerably. New management is really focusing on distributions.


Price:
$52.350
Subject:
CANADIAN LARGE
Bias:
CAUTIOUS
Owned:
Yes
2014-05-22 TOP PICK Jeff Young

Asset management companies, in general, are a good spot to be in at the moment. They have the consulting group of about 4500 that are wealth advisors throughout the country and provide financial planning and a high level of service to the clientele. They also have Mackenzie Financial, which has had some tough times over the last few years in terms of redemptions and performance. Also, have an independent planning group. Thinks we are at a point now where things are kind of firing on all cylinders for the 1st time in a while. Starting to see momentum turn up in sales. Markets are good and doing well. The management team is focused on reigniting growth.


Price:
$52.350
Subject:
CANADIAN DIVIDEND
Bias:
BULLISH
Owned:
Yes
2014-05-09 DON'T BUY David Baskin

Among the mutual fund companies, this is particularly vulnerable to the growth of ETFs. They have a huge number of investors who are served by an army of advisors and many of them are smaller investors. This is a high cost provider and many of those investors might be better served by ETFs. As they become more educated, they may learn that. Thinks they got hit today because they didn’t show the growth in assets under management when they reported.


Price:
$54.160
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
No
2014-03-10 COMMENT Michael Decter

Good solid company. Likely to be a beneficiary of a rebound in equity markets. Terrific marketing organization. An open question is do you play it by owning Investors, Power Financial which gives you Great West Life (GWO-T) as well.


Price:
$54.800
Subject:
CANADIAN LARGE
Bias:
BULLISH
Owned:
No
2014-01-10 PAST TOP PICK Patrick Horan

(A Top Pick Jan 8/13. Up 39.06%.) He tends to buy on dips in a bull market, so wouldn’t be adding at this time. Wait for a pullback. With this, you are getting a dividend yield well over the market and as the market continues to go up, it is going to do better than the markets.


Price:
$55.500
Subject:
NORTH AMERICAN
Bias:
BULLISH
Owned:
Yes
2013-11-28 HOLD Barry Schwartz

(Market Call Minute.) Much cheaper than a Gluskin Sheff (GS-T) and has gobs of cash. Wouldn’t be a buyer, but would Hold.


Price:
$53.650
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
No
2013-11-11 TOP PICK Patrick Horan

(A Top Pick Jan 8/13. Up 34.6%.) Getting the double leverage of an asset manager so they get the leverage of markets going up in their AUM growths and more fees come in as well with the leverage of people converting their bonds and cash into equities. Margins are going to expand because there is a rotation out of bonds and into equities.


Price:
$54.220
Subject:
NORTH AMERICAN
Bias:
BULLISH
Owned:
Yes
2013-11-01 PAST TOP PICK Brian Huen

(A Top Pick March 20/13. Up 13.23%.) (BNN said March 20 but we show it as April 29.-Bill.) Likes asset management companies. Felt that the exposure they had on the equity side will continue to take hold as people place more money in equities and less in bonds and other products. This is now a “wait-and-see” stock.


Price:
$49.830
Subject:
MATERIALS, CONSUMERS & RISK-ARBITRAGE
Bias:
BULLISH
Owned:
No
2013-10-10 BUY David Burrows

Benefiting from money rotating back into equities.  Will benefit going forward. 


Price:
$48.960
Subject:
NORTH AMERICAN - LARGE
Bias:
SELECTIVE
Owned:
Yes
2013-09-16 PAST TOP PICK Brian Huen

(Top Pick Apr 29/13, Up 11.49%) It didn’t move in line with CI so he thought it would catch up and he got out at the highs.


Price:
$49.330
Subject:
MATERIALS, CONSUMERS & RISK-ARBITRAGE
Bias:
BULLISH
Owned:
No
2013-06-05 PAST TOP PICK Patrick Horan

(A Top Pick Jan 8/13. Up 15.66%.) There has been a dearth of interest in the equity side over the past 5-6 years. Most of the money being invested has been in bond funds and, in the last couple of years, in balanced funds. This company makes a lot of their money on the long-term product, i.e. equities. Still likes them. 4.5% yield.


Price:
$47.990
Subject:
NORTH AMERICAN
Bias:
BULLISH
Owned:
Yes
Showing 1 to 15 of 184 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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