Opinions
Jeff Parent B. Eng. FCSI CIM
Cymbria Corp
CYB-T
BUY
Mar 13, 2018
$54.550
Stock price when the opinion was issued
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Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research
CYB has total assets under management of $1.5B, a portfolio of 57 companies, an MER of 1.15%, and its top holding is EdgePoint Wealth Management at a 16% weight. Since inception in 2008, it has returned a strong 13.7% annualized rate, and while we cannot personalize responses, we would be comfortable trimming some exposure over time to reallocate to other global equity funds or North American specific companies. It does have a concentrated position in EdgePoint Wealth Management and while we feel comfortable with this long-term, it does open up the fund to concentration risks.
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This looks like a normal consolidation on an upward cycle. It’s going to be tricky from a technical perspective. If you own it, you want to get out at $51 (It is at $54.55 today.) He has no problems with buying it here. If it can break out of this consolidation, it will go to $56, with a potential rise of another $3 or $4. He likes the movement of the stock so far.