CI Financial Income Fund

CIX.UN-T

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0.00 (0.00%)
This company is not ACTIVE.

Analysis and Opinions about CIX.UN-T

Signal
Opinion
Expert
HOLD
HOLD
October 17, 2018

There's a lot of grief in this space. There's a lot of value here, but it takes a leap of faith to leap into a mutual fund company in a world of ETFs.

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There's a lot of grief in this space. There's a lot of value here, but it takes a leap of faith to leap into a mutual fund company in a world of ETFs.

COMMENT
COMMENT
August 13, 2013

CI Financial (CIX.UN-T) or Sun Life (SLF-T)? This is a fairly tough one, because the insurance sector tends to do well if interest rates rise. Insurance sector, and Sun Life in particular, have had a big move this year as people have transitioned their portfolio just in case interest rates go up. CI has great leverage if equity markets continue to rise. They keep raising their dividend. Bank of Nova Scotia (BNS-T) keeps hovering over their shoulder to take them over and the stock is at a 10-12 year high. Thinks this company is more likely to do well because he thinks the equity markets are going to do well.

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CI Financial (CIX.UN-T) or Sun Life (SLF-T)? This is a fairly tough one, because the insurance sector tends to do well if interest rates rise. Insurance sector, and Sun Life in particular, have had a big move this year as people have transitioned their portfolio just in case interest rates go up. CI has great leverage if equity markets continue to rise. They keep raising their dividend. Bank of Nova Scotia (BNS-T) keeps hovering over their shoulder to take them over and the stock is at a 10-12 year high. Thinks this company is more likely to do well because he thinks the equity markets are going to do well.

HOLD
HOLD
December 15, 2008
(Market Call Minute.) One of the best money managers out there.
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(Market Call Minute.) One of the best money managers out there.
COMMENT
COMMENT
December 5, 2008
Investment management. High quality holding. One of the highest quality management teams in the business. Great environment and should be able to make some good acquisitions. Not a lot of upside, but thinks the market is forming a bottom. Longer-term, they are going to come out of this in a very good position.
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Investment management. High quality holding. One of the highest quality management teams in the business. Great environment and should be able to make some good acquisitions. Not a lot of upside, but thinks the market is forming a bottom. Longer-term, they are going to come out of this in a very good position.
PARTIAL BUY
PARTIAL BUY
November 11, 2008
An extremely well managed company but mutual fund companies are high beta stocks on the equity markets because they are a high margin product. Will be quite challenged on their earnings in the short term. Long-term it's a great company. Purchase by Bank of Nova Scotia (BNS-T) is very positive. If you believe markets are going to start coming back, it is not a bad time to start building a position.
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An extremely well managed company but mutual fund companies are high beta stocks on the equity markets because they are a high margin product. Will be quite challenged on their earnings in the short term. Long-term it's a great company. Purchase by Bank of Nova Scotia (BNS-T) is very positive. If you believe markets are going to start coming back, it is not a bad time to start building a position.
DON'T BUY
DON'T BUY
October 14, 2008
Dividend is very risky. Fees they earn on mutual funds will be down. The fact that BNS (is buying 37%) may buy them does not mean it would not be at a level like they are at now.
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Dividend is very risky. Fees they earn on mutual funds will be down. The fact that BNS (is buying 37%) may buy them does not mean it would not be at a level like they are at now.
DON'T BUY
DON'T BUY
September 30, 2008
Their assets are mainly equity so you expect their revenue to be down 7% as the market has been.
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Their assets are mainly equity so you expect their revenue to be down 7% as the market has been.
BUY WEAKNESS
BUY WEAKNESS
September 29, 2008
CI is asset heavy so they are probably down in assets 15%. This is a leveraged play on the market so the time to buy is when markets are down and you get a dividend while you wait for a recovery.
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CI is asset heavy so they are probably down in assets 15%. This is a leveraged play on the market so the time to buy is when markets are down and you get a dividend while you wait for a recovery.
BUY
BUY
September 19, 2008
Mutual funds. Very strong competitor with good leadership. Talk about them getting together with Bank of Nova Scotia (BNS-T) taking on their mutual fund arm. Also talk about selling their brokerage arm. Looks like the talks have fallen apart. Good price.
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Mutual funds. Very strong competitor with good leadership. Talk about them getting together with Bank of Nova Scotia (BNS-T) taking on their mutual fund arm. Also talk about selling their brokerage arm. Looks like the talks have fallen apart. Good price.
HOLD
HOLD
August 14, 2008
Affected because of the current malaise in the market. Very tough environment for selling mutual funds. This is one of the dominant players and has excellent backing from Sun Life (SLF-T).
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Affected because of the current malaise in the market. Very tough environment for selling mutual funds. This is one of the dominant players and has excellent backing from Sun Life (SLF-T).
BUY
BUY
May 14, 2008
One of the largest and best run mutual fund company in Canada. Just increased their distribution by $0.01. Expect they will convert to a corporation in 2011 and continue to pay their free cash flow as a dividend. Likes the demographics of this long-term.
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One of the largest and best run mutual fund company in Canada. Just increased their distribution by $0.01. Expect they will convert to a corporation in 2011 and continue to pay their free cash flow as a dividend. Likes the demographics of this long-term.
BUY
BUY
April 9, 2008
Will be returning to a corporation in 2010. Got hit with market concerns. One of the largest players. Good distribution.
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Will be returning to a corporation in 2010. Got hit with market concerns. One of the largest players. Good distribution.
HOLD
HOLD
March 27, 2008
Companies such as this tend to suffer when investment trading decreases. In the short term it’s not a great place to be. Wait for the market to bottom. If you own, hold.
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Companies such as this tend to suffer when investment trading decreases. In the short term it’s not a great place to be. Wait for the market to bottom. If you own, hold.
HOLD
HOLD
March 12, 2008
Greatly admire their management. She owns Investors Group (IGM-T), which she feels is safer due to its size and distribution network. It will revert back to a corporation that will involve some machinations and costs. Well capitalized. If you are comfortable with the inherent volatility, continue to Hold. 8.9% yield.
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Greatly admire their management. She owns Investors Group (IGM-T), which she feels is safer due to its size and distribution network. It will revert back to a corporation that will involve some machinations and costs. Well capitalized. If you are comfortable with the inherent volatility, continue to Hold. 8.9% yield.
BUY
BUY
February 26, 2008
Very good entry point. Extremely well run. The selloff is cyclically related. People are concerned about the health of the asset management industry. He is a bull on this industry long-term and believes in buying them in cyclical troughs.
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Very good entry point. Extremely well run. The selloff is cyclically related. People are concerned about the health of the asset management industry. He is a bull on this industry long-term and believes in buying them in cyclical troughs.
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