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
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.
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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.
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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.
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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.
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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.
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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.
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(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.
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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.
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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.
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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.
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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.
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The acquisition of Rockwater (RCC-T) won't have a profound effect on their business. Probably the right thing to do.
BUY
BUY
February 2, 2007
A good name and very well managed. Should continue to generate very strong cash flows supporting its distributions.
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A good name and very well managed. Should continue to generate very strong cash flows supporting its distributions.
DON'T BUY
DON'T BUY
January 25, 2007
Doesn't like trusts in general with this 4-year ticking clock that they have to deal with. The fund business in general has been a great growth story. Assets may continue to grow and his company may continue to grow its business but feels there will be margin pressure.
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Doesn't like trusts in general with this 4-year ticking clock that they have to deal with. The fund business in general has been a great growth story. Assets may continue to grow and his company may continue to grow its business but feels there will be margin pressure.
COMMENT
COMMENT
January 15, 2007
Will be interesting to know what the yield will be once they convert back to a corporation. IGM (IGM-T) is one of the cheapest in the group at 15 X earnings and a 3.37% yield and this is a benchmark for them. If they come in with something similar, it’ll be particularly attractive to people looking for income.
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Will be interesting to know what the yield will be once they convert back to a corporation. IGM (IGM-T) is one of the cheapest in the group at 15 X earnings and a 3.37% yield and this is a benchmark for them. If they come in with something similar, it’ll be particularly attractive to people looking for income.
BUY
BUY
January 8, 2007
Asset companies both in Canada and the US have a very firm trend in place, where the fee revenue, is in favour. Right now, there are probably more sellers than there are buyers. Good business model. Would probably prefer AGF Management (AGF.B-T) but both companies are good.
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Asset companies both in Canada and the US have a very firm trend in place, where the fee revenue, is in favour. Right now, there are probably more sellers than there are buyers. Good business model. Would probably prefer AGF Management (AGF.B-T) but both companies are good.
DON'T BUY
DON'T BUY
December 21, 2006
Doesn’t have any in his fund, but he did pick some up for a pension that he does. He has a model price of $38.50, a 48% positive differential. Will be happy to have it back when it becomes a corporation again.
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Doesn’t have any in his fund, but he did pick some up for a pension that he does. He has a model price of $38.50, a 48% positive differential. Will be happy to have it back when it becomes a corporation again.
BUY
BUY
December 15, 2006
Outlook is quite good, particularly from a cash flow generation. Has had good movement, so could see a bit of a tail off in the next year or two. Very wide and broad portfolio of mutual funds.
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Outlook is quite good, particularly from a cash flow generation. Has had good movement, so could see a bit of a tail off in the next year or two. Very wide and broad portfolio of mutual funds.
BUY
BUY
November 22, 2006
A great business in a good area. Expect they will take advantage of the 4-year window given on income trusts.
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A great business in a good area. Expect they will take advantage of the 4-year window given on income trusts.
BUY
BUY
November 13, 2006
A tremendous long-term business. Low cost producer. Great demographics.
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A tremendous long-term business. Low cost producer. Great demographics.
DON'T BUY
DON'T BUY
November 8, 2006
Ideally designed for the income trust structure. Will convert back to a corporate tax structure in 2011. Would be cautious and not jump back in yet.
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Ideally designed for the income trust structure. Will convert back to a corporate tax structure in 2011. Would be cautious and not jump back in yet.
HOLD
HOLD
November 7, 2006
Expects this company will continue to grow. Very good with expense control. Will convert back to an ordinary stock at the end of 4 years.
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Expects this company will continue to grow. Very good with expense control. Will convert back to an ordinary stock at the end of 4 years.
BUY WEAKNESS
BUY WEAKNESS
November 3, 2006
A well-run company. Expects they will buy back some of their shares. He would buy more units on weakness.
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A well-run company. Expects they will buy back some of their shares. He would buy more units on weakness.
DON'T BUY
DON'T BUY
November 1, 2006
Being hit with a double whammy. Not only are they getting hit with a tax, the TSX has dropped 300 points, which will hit their assets under management. The main focus should be how their assets under management will do. Wouldn't go in at this time.
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Being hit with a double whammy. Not only are they getting hit with a tax, the TSX has dropped 300 points, which will hit their assets under management. The main focus should be how their assets under management will do. Wouldn't go in at this time.
BUY WEAKNESS
BUY WEAKNESS
October 27, 2006
Very well-run company. A reasonable entry point would be $27-$28 . One of the top managers left, so there could be some defections and money moving out.
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Very well-run company. A reasonable entry point would be $27-$28 . One of the top managers left, so there could be some defections and money moving out.
COMMENT
COMMENT
October 12, 2006
As a mutual fund company, their growth comes from the growth in the market, so you have to decide where you think the market is going.
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As a mutual fund company, their growth comes from the growth in the market, so you have to decide where you think the market is going.
WEAK BUY
WEAK BUY
October 10, 2006
Doesn't require a lot of capital, so as an income trust, it is probably not that bad thing. You have to be cautious, because if there is a market pull down, there would be challenges going forward. Have grown by acquisition and will have a tougher time in future.
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Doesn't require a lot of capital, so as an income trust, it is probably not that bad thing. You have to be cautious, because if there is a market pull down, there would be challenges going forward. Have grown by acquisition and will have a tougher time in future.
BUY
BUY
October 3, 2006
Very good company. Converting to an income trust has proved up a lot of extra value. One of the better managed mutual fund companies. Exceptionally strong in marketing.
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Very good company. Converting to an income trust has proved up a lot of extra value. One of the better managed mutual fund companies. Exceptionally strong in marketing.
VAGUE
VAGUE
September 26, 2006
It's the leading mutual fund company in the country. It's a leveraged way to play the market. Believes they will do everything in their power to hold their distribution.
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It's the leading mutual fund company in the country. It's a leveraged way to play the market. Believes they will do everything in their power to hold their distribution.
BUY
BUY
September 13, 2006
Companies that have consistent fee generation are pretty attractive. Somewhat dependent on market performance, but investors are interested in consistency.
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Companies that have consistent fee generation are pretty attractive. Somewhat dependent on market performance, but investors are interested in consistency.
BUY
BUY
September 11, 2006
One of the top fund companies. There will be long-term growth. Well-run and pretty diversified. Expects 3/4% growth as well as distributions.
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One of the top fund companies. There will be long-term growth. Well-run and pretty diversified. Expects 3/4% growth as well as distributions.
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