Canaccord Financial Inc

CF-T

TSE:CF

5.31
0.04 (0.75%)
Canaccord Genuity Group Inc. is a global, full-service investment banking and financial services company that specializes in wealth management and brokerage in capital markets. It is the largest independent investment dealer in Canada.
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Analysis and Opinions about CF-T

Signal
Opinion
Expert
PAST TOP PICK
PAST TOP PICK
June 5, 2013

(A Top Pick Jan 8/13. Down 13.71%.) Bought this because it was a very, very inexpensive stock, something like 40% below BV. Hadn’t realized how bad the resource side of the TSX was. Sticking with it because it is still too cheap. Would look to unload at around $9.

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(A Top Pick Jan 8/13. Down 13.71%.) Bought this because it was a very, very inexpensive stock, something like 40% below BV. Hadn’t realized how bad the resource side of the TSX was. Sticking with it because it is still too cheap. Would look to unload at around $9.

DON'T BUY
DON'T BUY
April 18, 2013

Not as familiar with this one as he is with some of the US investment banks. Has a lot of exposure to Toronto, which are mainly commodities. This is a smaller shop so they don’t get the bigger deals. Should be doing fine on the bond deals but there is concern about exposure to the commodity sector.

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Not as familiar with this one as he is with some of the US investment banks. Has a lot of exposure to Toronto, which are mainly commodities. This is a smaller shop so they don’t get the bigger deals. Should be doing fine on the bond deals but there is concern about exposure to the commodity sector.

PAST TOP PICK
PAST TOP PICK
March 7, 2013

Top Pick Jan 07/13, 2.82%) Could see it going off $10 a share by end of year.

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Top Pick Jan 07/13, 2.82%) Could see it going off $10 a share by end of year.

DON'T BUY
DON'T BUY
February 6, 2013

His outlook on this is negative. We have just left a decade where the whole natural resource complex was being financed by Canadian broker-dealers and this area has gone quiet right now. Feels the next decade will be relatively quiet. If this is the case, this company will have to reposition themselves, which is going to be a tough go.

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His outlook on this is negative. We have just left a decade where the whole natural resource complex was being financed by Canadian broker-dealers and this area has gone quiet right now. Feels the next decade will be relatively quiet. If this is the case, this company will have to reposition themselves, which is going to be a tough go.

BUY
BUY
January 29, 2013

Had been quite oversold in tax loss selling and had a nice bounce. BV is somewhere in the neighbourhood of $7 and has historically traded at a premium to BV. Went through a tough time last year because the financing window for junior resource market had dried up but seems to be open again.

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Had been quite oversold in tax loss selling and had a nice bounce. BV is somewhere in the neighbourhood of $7 and has historically traded at a premium to BV. Went through a tough time last year because the financing window for junior resource market had dried up but seems to be open again.

TOP PICK
TOP PICK
January 8, 2013

Doubled his position from November on. US brokers were being hurt and trading at less than BV last year. Yield curve is starting to steepen, credit growth is happening again and brokers are starting to do better. This is a broker that is most associated with resources which was the worst performing sector. Currently they are just trading over BV. Reasonable dividend of just over 3%. Margins are compressed. Valuation compression is compelling here. Expects to see revenues grow at a faster clip than expenses.

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Doubled his position from November on. US brokers were being hurt and trading at less than BV last year. Yield curve is starting to steepen, credit growth is happening again and brokers are starting to do better. This is a broker that is most associated with resources which was the worst performing sector. Currently they are just trading over BV. Reasonable dividend of just over 3%. Margins are compressed. Valuation compression is compelling here. Expects to see revenues grow at a faster clip than expenses.

DON'T BUY
DON'T BUY
January 3, 2013

More of a retail investment firm as well as research and investment banking. A very tough business right now and has suffered some financial difficulties. He typically sticks to the banks.

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More of a retail investment firm as well as research and investment banking. A very tough business right now and has suffered some financial difficulties. He typically sticks to the banks.

TOP PICK
TOP PICK
December 21, 2012

Non-Bank Financial. Nice bottoming formation from where it has been. There is some buying going on. Buy between $6 and $6.20

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Non-Bank Financial. Nice bottoming formation from where it has been. There is some buying going on. Buy between $6 and $6.20

DON'T BUY
DON'T BUY
December 14, 2012

One of the premier, smaller non-bank dealers. They make money by financing typically mining and energy companies. Neither sector is very healthy right now so he doesn’t expect their earnings will be climbing much.

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One of the premier, smaller non-bank dealers. They make money by financing typically mining and energy companies. Neither sector is very healthy right now so he doesn’t expect their earnings will be climbing much.

DON'T BUY
DON'T BUY
September 25, 2012

Cutting back a little and being prudent looking at their operations and where they are getting return on capital. A tough business, both on the wealth management side and a lot of their core franchise, in terms of capital markets. No near-term catalyst to buy this.

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Cutting back a little and being prudent looking at their operations and where they are getting return on capital. A tough business, both on the wealth management side and a lot of their core franchise, in terms of capital markets. No near-term catalyst to buy this.

COMMENT
COMMENT
August 27, 2012

Preferred A. This is a rate reset. Very high current yield and high yield to reset. This company is not a very frequent issuer of these and have a very low credit rating. Not very liquid.

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Preferred A. This is a rate reset. Very high current yield and high yield to reset. This company is not a very frequent issuer of these and have a very low credit rating. Not very liquid.

COMMENT
COMMENT
July 5, 2012
If the market gets better later, this stock will be a huge beneficiary. Currently volumes are down and deal closes are very light and it’s hard for them to make money in this environment. 7.66% dividend.
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If the market gets better later, this stock will be a huge beneficiary. Currently volumes are down and deal closes are very light and it’s hard for them to make money in this environment. 7.66% dividend.
DON'T BUY
DON'T BUY
June 14, 2012
One of the biggest, independent brokerage firms in Canada and they have a strong expertise in the mining business. In good times, they benefit hugely from that. Feels there is some pressure on their base business. Heavily dependent on capital market cycles. Not the right environment to own at this time.
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One of the biggest, independent brokerage firms in Canada and they have a strong expertise in the mining business. In good times, they benefit hugely from that. Feels there is some pressure on their base business. Heavily dependent on capital market cycles. Not the right environment to own at this time.
DON'T BUY
DON'T BUY
May 24, 2012
Brokerage business is very cyclical. Believes their dividend is safe but if the market goes up they go up but if the market goes down, they go down. Not a place he would put his money.
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Brokerage business is very cyclical. Believes their dividend is safe but if the market goes up they go up but if the market goes down, they go down. Not a place he would put his money.
DON'T BUY
DON'T BUY
May 7, 2012
He has a short on this company. Broker/dealers are great to short when you think markets are going to be weak. This is not the right time in the cycle to Buy. You buy it after the market has been really crushed.
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He has a short on this company. Broker/dealers are great to short when you think markets are going to be weak. This is not the right time in the cycle to Buy. You buy it after the market has been really crushed.
Showing 46 to 60 of 93 entries