Opinions
Brian Madden
Definity Financial
DFY-T
HOLD
Jun 21, 2024
$43.390
Stock price when the opinion was issued
Financial Services
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DON'T BUY
Keep adding to a position?
Depends on what percentage it makes of your portfolio, plus what your cost base is. #1 competitor to DFY is IFC. The industry is consolidating more. DFY might have a leg up on IFC, as DFY is smaller and can buy a few more things in Canada.
Cost inflation and extreme weather give him pause in this area. Both well-run businesses, but inclined to stay away. The sector poses some risks.
Financial Services
PAST TOP PICK
(A Top Pick Dec 14/23, Up 54.1%)Stockchase Research Editor: Michael O'Reilly
Our PAST TOP PICK with DFY has triggered its stop at $56. To remain disciplined, we recommend covering the position at this time. Combined with our previous guidance, this will result in a net investment gain of 37%.
Financial Services
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Does not owns shares. However, likes property and casualty insurance space. Canadian company with online business model that is good for reducing costs. Will take time to see if business is consolidated. If already own shares - would recommend holding.