Stockchase Opinions

Benj Gallander GMP Capital Trust Inc GMP-T PAST TOP PICK Feb 19, 2020

(A Top Pick Feb 19/19, Down 18%) They are morphing, selling off their energy equity business and moving into wealth management only. He still likes it and owns it. At some point it may become a take out target.
$1.890

Stock price when the opinion was issued

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HOLD
The preferred B of GMP It's been on a rollercoaster based on rumour of the company being bought and split up. He sees no issue holding the preferreds, but he'd avoid GMP altogether. Doesn't know if there will be a deal. You can hold the preferred, though.
DON'T BUY
This is in the "why bother" pile. There are a lot of issues with this name. There is always something going on in the background. There are better opportunities.
PAST TOP PICK
(A Top Pick Apr 18/18, Down 28%) Still would buy it. Likes their special dividend at end-2018 and they have started a regular 2.5-cent dividend. Revenues were down last quarter $38.5 million, but things will improve going forward. They report soon. He likes this a lot. Their oil/gas is doing better, but not cryptos. They're getting big into cannabis. Someone could take them over, because the cannabis space is palatable, thereofre GMP is. However, some of their top people are being poached by other companies.
HOLD
Most of their capital market business is being acquired. He thinks there could be more to the deal. He also owns the preferred shares. He will continue to watch this and thinks a bidding war could emerge. He is happy to continue to hold it.
SELL
In the process of being acquired. This space has been a difficult environment for years, especially because of a tough resource environment. If the shares are trading close to what the offer is, just sell and find something else to do with your cash.
PAST TOP PICK
(A Top Pick Aug 02/18, Down 1%) Will become a complete wealth management company. Pays a good dividend. A company in transition so there is still some things to see. Might move into insurance.
HOLD

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.

PAST TOP PICK
(A Top Pick Dec 24/18, Up 23%) They had sold off their resource and energy components. They are holding only the wealth management business. He still has them on his list, but he is not sure how things will go forward. The Richardson family may not have the best interests of investors in mind. Less clarity on this one going forward.
BUY

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. Investors responded positively to news that avoids a proxy fight for Richardson, which they will fully take over. They are expected to buy back $40M which will result in greater per share earnings leverage. Unlock Premium - Try 5i Free