CI Financial Income Fund

CIX.UN-T

0.00
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.

Show full opinionHide full opinion

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.

Show full opinionHide full opinion

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.
Show full opinionHide full opinion
(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.
Show full opinionHide full opinion
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.
Show full opinionHide full opinion
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.
Show full opinionHide full opinion
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.
Show full opinionHide full opinion
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.
Show full opinionHide full opinion
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.
Show full opinionHide full opinion
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).
Show full opinionHide full opinion
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.
Show full opinionHide full opinion
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.
Show full opinionHide full opinion
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.
Show full opinionHide full opinion
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.
Show full opinionHide full opinion
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.
Show full opinionHide full opinion
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.
DON'T BUY
DON'T BUY
January 30, 2008
Very well managed company. All mutual fund companies are high beta stocks on the market. Most of their earnings come from their high margin products. She prefers IGM Financial (IGM-T). (See Top Picks.)
Show full opinionHide full opinion
Very well managed company. All mutual fund companies are high beta stocks on the market. Most of their earnings come from their high margin products. She prefers IGM Financial (IGM-T). (See Top Picks.)
DON'T BUY
DON'T BUY
January 25, 2008
Just cut their distribution. It is trading at a premium multiple to the corporations such as the AGF (AGF.B-T). He would prefer AGF.
Show full opinionHide full opinion
Just cut their distribution. It is trading at a premium multiple to the corporations such as the AGF (AGF.B-T). He would prefer AGF.
BUY
BUY
December 4, 2007
In a pretty tight trading range for the last year between $26 and $28. Pretty decent value at today's price. Rumoured to be one of the bidders for Dundee Wealth. The risk is of a sustained downturn in the equity markets. Very well run company. Longer term, a good place to be.
Show full opinionHide full opinion
In a pretty tight trading range for the last year between $26 and $28. Pretty decent value at today's price. Rumoured to be one of the bidders for Dundee Wealth. The risk is of a sustained downturn in the equity markets. Very well run company. Longer term, a good place to be.
HOLD
HOLD
November 28, 2007
(Market Call Minute.) Great quality stock but a negative stock market will affect the unit price.
Show full opinionHide full opinion
(Market Call Minute.) Great quality stock but a negative stock market will affect the unit price.
BUY
BUY
November 19, 2007
One of the best plays of the whole asset management area. Has gone nowhere over the last year. Continues to be a great place to be. About a 9% yield.
Show full opinionHide full opinion
One of the best plays of the whole asset management area. Has gone nowhere over the last year. Continues to be a great place to be. About a 9% yield.
DON'T BUY
DON'T BUY
October 17, 2007
If you are bullish on the markets then you are bullish on this. But he would be careful. Don't be overweight, be lightweight.
Show full opinionHide full opinion
If you are bullish on the markets then you are bullish on this. But he would be careful. Don't be overweight, be lightweight.
WATCH
WATCH
October 1, 2007
Has done extremely well. The issue right now is what is going to happen with Dundee (DW-T). She would wait until that is cleared up. They could get stuck in a bidding war.
Show full opinionHide full opinion
Has done extremely well. The issue right now is what is going to happen with Dundee (DW-T). She would wait until that is cleared up. They could get stuck in a bidding war.
DON'T BUY
DON'T BUY
September 19, 2007
Very efficient. Cash flow machine. Like. Efficiently managed. Should not be committing capital to this space going forward.
Show full opinionHide full opinion
Very efficient. Cash flow machine. Like. Efficiently managed. Should not be committing capital to this space going forward.
HOLD
HOLD
September 11, 2007
One of the premier mutual fund companies in Canada. Was the November 1 with the government change on trusts. As the equity market peaked and has come down, the stock has come with it. Short term there will probably be some weakness, but long-term it's a
Show full opinionHide full opinion
One of the premier mutual fund companies in Canada. Was the November 1 with the government change on trusts. As the equity market peaked and has come down, the stock has come with it. Short term there will probably be some weakness, but long-term it's a
BUY WEAKNESS
BUY WEAKNESS
August 23, 2007
A good long-term holding. Good cost control. Environment for mutual funds is getting more and more competitive. Outlook is good.
Show full opinionHide full opinion
A good long-term holding. Good cost control. Environment for mutual funds is getting more and more competitive. Outlook is good.
BUY
BUY
August 13, 2007
One of the best fund companies in Canada. Good price. Well-run company.
Show full opinionHide full opinion
One of the best fund companies in Canada. Good price. Well-run company.
HOLD
HOLD
August 10, 2007
Has come under a lot of pressure because of what has been happening in the market. It is dependent on the growth of their mutual funds. Be patient and wait for a little more stability in the market.
Show full opinionHide full opinion
Has come under a lot of pressure because of what has been happening in the market. It is dependent on the growth of their mutual funds. Be patient and wait for a little more stability in the market.
BUY
BUY
August 2, 2007
Well-managed company. Mutual fund companies are high beta companies. As a class, they are a good medium to long term investment. Will be volatile. May be vulnerable to some fee pressure.
Show full opinionHide full opinion
Well-managed company. Mutual fund companies are high beta companies. As a class, they are a good medium to long term investment. Will be volatile. May be vulnerable to some fee pressure.
BUY WEAKNESS
BUY WEAKNESS
July 3, 2007
With treat it as a buy in the $26.50 area. One of the best marketers of investment funds in Canada.
Show full opinionHide full opinion
With treat it as a buy in the $26.50 area. One of the best marketers of investment funds in Canada.
STRONG BUY
STRONG BUY
June 29, 2007
Loves CI financial. Is the cheapest according to the price bearings metric. Has a significant ownership from Sunlife which will help them in the future. Great buy here.
Show full opinionHide full opinion
Loves CI financial. Is the cheapest according to the price bearings metric. Has a significant ownership from Sunlife which will help them in the future. Great buy here.
BUY
BUY
June 20, 2007
On his watch list. Could prove to be a very powerful continuing consolidator in the sector. There is some question on how well financials will do in this economy. 8% yield.
Show full opinionHide full opinion
On his watch list. Could prove to be a very powerful continuing consolidator in the sector. There is some question on how well financials will do in this economy. 8% yield.
BUY
BUY
May 30, 2007
One of the major Canadian mutual funds.
Show full opinionHide full opinion
One of the major Canadian mutual funds.
TOP PICK
TOP PICK
May 28, 2007
This will stay an income trust until 2011. Very profitable with about 35% ROE. Expect distribution increases in the mid-to high teens.
Show full opinionHide full opinion
This will stay an income trust until 2011. Very profitable with about 35% ROE. Expect distribution increases in the mid-to high teens.
HOLD
HOLD
May 28, 2007
Has very good sponsorship with its alliance with Sun Life (SLF-T), etc. A very well run mutual fund company. Have a wealth division that they are attempting to grow.
Show full opinionHide full opinion
Has very good sponsorship with its alliance with Sun Life (SLF-T), etc. A very well run mutual fund company. Have a wealth division that they are attempting to grow.
COMMENT
COMMENT
May 25, 2007
Very strong management. Generates lots of very steady continuous free cash flow. Valuation is high and tends to fluctuate with the swings in the market. If there is a large correction, this would be a good way to play it.
Show full opinionHide full opinion
Very strong management. Generates lots of very steady continuous free cash flow. Valuation is high and tends to fluctuate with the swings in the market. If there is a large correction, this would be a good way to play it.
PAST TOP PICK
PAST TOP PICK
April 23, 2007
(A Top Pick May 3/06. Down 9.4%.) Became an income trust and got whacked. Will turn itself back into a corporation, and in the meantime you're picking up yield.
Show full opinionHide full opinion
(A Top Pick May 3/06. Down 9.4%.) Became an income trust and got whacked. Will turn itself back into a corporation, and in the meantime you're picking up yield.
HOLD
HOLD
April 9, 2007
Very shareholder friendly. Generates good cash flow and returns to investors on a regular basis. Very high beta, so when the market is strong, it tends to be strong.
Show full opinionHide full opinion
Very shareholder friendly. Generates good cash flow and returns to investors on a regular basis. Very high beta, so when the market is strong, it tends to be strong.
BUY
BUY
March 30, 2007
Great company and great management team. Will probably continue to go sideways.
Show full opinionHide full opinion
Great company and great management team. Will probably continue to go sideways.
HOLD
HOLD
March 23, 2007
A high-quality company. Had a very strong 1st quarter. Relatively stable holding. Be patient in looking for an entry point.
Show full opinionHide full opinion
A high-quality company. Had a very strong 1st quarter. Relatively stable holding. Be patient in looking for an entry point.
BUY
BUY
March 20, 2007
Probably the best managed company in mutual funds. Have a good stable of businesses. On a long-term basis, will continue to do well.
Show full opinionHide full opinion
Probably the best managed company in mutual funds. Have a good stable of businesses. On a long-term basis, will continue to do well.
HOLD
HOLD
February 13, 2007
The acquisition of Rockwater (RCC-T) won't have a profound effect on their business. Probably the right thing to do.
Show full opinionHide full opinion
The acquisition of Rockwater (RCC-T) won't have a profound effect on their business. Probably the right thing to do.
BUY