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Opinions Jerome Hass
GMP Capital Trust IncGMP.TOCOMMENTFeb 22, 2017
Jerome HassStock price when the opinion was issued
As of Nov 23, 2020. Market Open.
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Benj GallanderBenj GallanderHe 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.
Benj Gallander
Benj GallanderBenj Gallander
Benj GallanderBenj GallanderBenj GallanderThey 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.
A lot of these companies have been taken over. TD-T has looked at this one. They are raising money for marijuana and crypto currency stocks. They paid a special dividend last year. It has a lot of upside potential.
Benj Gallander
He still likes this. Prefers the preferred B shares as opposed to the common, but likes them both. Given what has happened in the rebound in oil/gas, this is probably one of the most leveraged plays on the street having recently bought FirstEnergy. On top of that, the Wealth Management Group put themselves up for sale in the fall, but some of the costs they had when they took over the McQuarrie group are now coming off the books, so he thinks profitability of the Wealth Management Group is going to go up.