CI Financial Corp (CIX.TO)

Great management team. This is a competitive sector. Demographics are going to be in their favour. Some people want a non-bank as a place to do business.

(A Top Pick June 4/14. Up 6.19%.) Once Bank of Nova Scotia sold off its stake, it allowed this company to be what it wanted to be.

A good company with a lot of good upside. If you believe the bull market continues, as he does, this is a good place to play. They have $100 billion in assets with a goal to grow it to $150 billion over the next 5 years. 4.2% dividend is safe. The only thing that concerns him is the changing regulatory environment.

A lot of people are moving to the ETF market. The mutual fund industry is not growing quickly. The mutual fund industry has to bring their cost structure down. It can survive and at some time there could be more acquisitions.

The mutual fund industry is a slower growing business than it was back in the 90s. Now it is more growth by market appreciation and slower accumulation. In this space, this company is the best operator in the Canadian market. They run a very lean business and keep their costs low. Have a great sales force and a lot of recognition. Tends to trade at a bit of a premium to the whole space. A good name to own for the long-term.

(Top Pick Nov. 12/13, Down 0.52%) His position is about a third of what it was a year ago. It will continue to do well, but there is some black clouds over the Canadian market.

(A Top Pick Nov 6/13. Up 3.76%.) He really likes the asset management business. If we are in a secular bull market for equities, the companies that have done a good job managing money are likely to see more dollars come in the door. This company has done a great job. Still likes.

One of the biggest independent mutual fund companies. He likes this business. The last few men standing are going to make a lot of money. They’ll probably have to cut some of the prices of its funds. He is bullish on stock markets and thinks this will continue to do very, very well.

CI Financial (CIX-T) or Power Corp (POW-T)? If this had a pullback to $25.14, where it typically trades in terms of valuation, he would be all over this. Yield of 3.8%. His model price is $44, so it looks quite attractive.

BNS-T sold most of its stake in them. It is not particularly cheap or interesting.

Biggest independent mutual fund company in Canada. Very strong management team and has clearly done very well for shareholders. Now that they are fairly well free of bank of Nova Scotia’s (BNS-T) influence, they probably have more room to grow. Trading like they are a leading organization and he has always had trouble with how much people are paying for these organizations. If you own, you could probably stay with it and enjoy the dividends, but it is not the cheapest stock you could find.

They do a great operating job. Probably one of the best Mutual Funds in the country. They are very cognizant of costs. Dividend is safe.

Bank of Nova Scotia (BNS-T) has sold most of its stake, which is a good thing as most of its overhang is gone, and it is healthy for the company. Has been producing very good results. Has had a bit of a correction and pays a good dividend.

Bank of Nova Scotia (BNS-T) sold most of their interest. The remaining 7.7% will probably be an overhang as they will eventually be selling that also. She prefers dealing with banks to get exposure to capital markets and wealth management. Stocks in the brokerage area are doing well because the equity markets have been positive. If you want space in the brokerage area, this is a good name.

Surprised him how well this stock has done. Have been the industry leaders for a number of years. They are a great play on the markets. They have it all going right now. It got whacked down on an IPO. He bought more.