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Opinions Benj Gallander
GMP Capital Trust IncGMP.TOTOP PICKJan 16, 2018
Benj GallanderStock price when the opinion was issued
As of Nov 23, 2020. Market Open.
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Stockchase InsightsBenj 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
In 2 areas, wealth management via Richardson Securities and in commodities in terms of raising capital for mining organizations. A little over a year ago, they bought First Energy which got them into oil and gas, but now have also moved into cyber currencies, and into marijuana, 2 fast growing fields. Last quarter, they lost about $2.8 million, and revenues went down about 21%. Thinks this could be a very good year for them. A lot of their competition has fallen by the wayside and a lot have merged.