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GMP Capital Trust IncGMP.TOWATCHJan 04, 2013Stock price when the opinion was issued
As of Nov 23, 2020. Market Open.
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He owns the common stock and the preferred share. They have sold off their resource business side of their brokerage business. They are in wealth management only now. TD took a run at them a few years ago and it could be a possibility in the future. He will continue to hold it.
They had a special dividend of 10 cents a share not so long ago. Crypto currency will not be so popular in the future. Their investment in the cannabis space could do well. He likes this one and where they can go. It has a chance to get to double digits but not tomorrow, and also they could get competition.
Chart shows almost a year of sideways movement of base building. You should not buy in the middle of that range. As a short-term trader, you buy at the bottom of the range and sell at the top. But as an investor, look for a breakout of about $6.30. If that happened, this would be pretty interesting and a pretty strong candidate.