Peter Hodson
Rockwater Capital Bought by CI Finacial (CIX-UN-T)
RCC-T
DON'T BUY
Dec 20, 2004
Doing a consolidation roll up strategy in the investment management business. Good team and he likes the space, but every time they do an acquisition, they issue stock and there's always stock up for sale. Prefers GMP Capital.
Likes the brokerage business. Doesn't use his models on this one. Has a little bit in his RRSP. Have been a little bit of a disappointment getting their act together. Didn't use his model and lost money. More of an emotional pick.
Being acquired by C I Financial (CIX-T). On the choice of cash or C I shares, he would opt for the shares. There is a chance that someone else will come along and up the bid.