TSE:X

TMX Group (X.TO)

57.43
-0.11 (0.19%)
as of Oct 23, 2026, 8:00:00 pm Market Closed.
88 watching
0
DON'T BUY
Doesn't expect there will be a special dividend. They had had a big change in accounting where all their equity was basically sucked out. Have I look at their 3rd quarter financials. Trading way above his model price of $33.56 which is a -26% differential.
BUY
Pretty much a monopoly. Volume has gone up with the government’s announcement on trusts and dividends. Volume will probably continue to rise. Not cheap. Won’t have the explosive rise it had since its listing, but has a lot of downside protection.
BUY
Has done very well because of very strong trading volumes and tremendous profit growth. The ROE has some growth in it still. The ROE level is very high, so there should still be some book value growth.
BUY
The governments declaration on income trusts is good news for the market in general. This stock has a great growth profile.
BUY
They've changed their accounting policy to basically smooth the income stream from new listings by amortizing them over a 10 year period. Finds this questionable but all the publicly traded stock exchanges in the world do it. Good quality longer term. Will be volatile for a while.
DON'T BUY
Overpriced. Has a model price of $31.
HOLD
The publicly traded exchanges in North America have been doing remarkably well. This one has lagged a little bit. When they came out with their earnings recently the October trading volumes are down. There is good strength all around this area and this one is not broken.
PAST TOP PICK
(A Top Pick July 20/05. Down 8.5%.) Is not concerned and has added to his holdings in the past month. Great cash flow and can have a strong dividend.
BUY
Likes exchanges and most of them are doing extremely well. This one is one of the most efficient and best run in the world.
BUY
The intersting thing is what happens when the NYSE goes public. Feels when that happens, this one will get its second wind.
BUY
The market was quite concerned with the changes in accounting. This will have no material impact on the cash flow. Not that significant. Any weakness because of this will be a good buying opportunity.
WATCH
THe public exchange companies are all doing very well. They are having an accounting restatement affecting last year's revenues and that concerns him.
DON'T BUY
Has come off recently because of the possible changes that would affect trusts. It's not only their limitation of becoming a trust, but listing fees will be reduced.
DON'T BUY
Has done a spectacular job of turning its business around, improving its operating profit margins 50%. Very innovative. Getting into a lot of different businesses. Share price fully reflects its value. If you own, consider taking some profit.
PAST TOP PICK
(A Top Pick July 20/05. No change.) Got knocked back on rumours of becoming a trust. A good price and would buy more.
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