AGF Management (B) | StockChase
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AGF Management (B) (AGF.B-T)

Last Price Recorded: $8.2100 on 2017-11-17

ON STOCKCHASE SINCE Oct 2000

investment companies/funds

AGF Management (B)


Signal Opinion Expert

2017-11-16

HOLD
AGF Management (B) (AGF.B-T)

It was a turnaround of sorts and had problems over the years.  They were losing assets and have turned that around.  Once CRA issues are cleared up it should go up.  At some point he thinks someone will buy it.

investment companies/funds
Fabrice Taylor

Publisher, The President's Club Newsletter

Price: $8.230
Owned: Unknown

2017-11-14

COMMENT
AGF Management (B) (AGF.B-T)

People were worried about their survival. They have survived, but thinks it is not a great industry right now. They are having trouble gaining assets. Fees are still under pressure, which means margins are under pressure. He wouldn’t rush out to buy the stock.

investment companies/funds
David Baskin

President, Baskin Wealth Management

Price: $8.210
Owned: No

2017-07-26

TOP PICK
AGF Management (B) (AGF.B-T)

This has been having a huge turnaround lately. They brought on a new president who is focused on trying to get the performance more consistent with the underlying funds. That has slowed down the redemptions. Thinks the next step will be where they go from slowing down to where they will actually start to see net inflows. Dividend yield of 4.3%. (Analysts’ price target is $7.)

investment companies/funds
Bruce Campbell (2)

President & Portfolio Manager, Stone Castle Investment Management Inc.

Price: $7.260
Owned: Yes

2017-07-20

TOP PICK
AGF Management (B) (AGF.B-T)

This sort of fits in with his pro-growth theme. Financials are part of that. This one is a bit unique. Chart shows a long downtrend, which it broke through in April. You also got a signal in June for the longer-term. They didn’t execute very well for the last number of years, and were slow to change. Pays a decent dividend. Thinks there are a lot of tailwinds for this company. (Analysts’ price target is $7.)

investment companies/funds
Hap (Robert) Sneddon FCSI

Chief Portfolio Manager & Founder, Castlemoore Inc.

Price: $7.210
Owned: Yes

2017-07-13

PAST TOP PICK
AGF Management (B) (AGF.B-T)

* Short*. (Top Pick Jun 10’16, Down 47.16%) There has been more enthusiasm for the asset managers.  He thinks the industry as a whole is still going to suffer from the continuing trend.

investment companies/funds
Jerome Hass

Portfolio Manager, Lightwater Partners

Price: $7.000
Owned: Yes

2017-04-04

HOLD
AGF Management (B) (AGF.B-T)

This is cheap. They are sitting on a lot of assets and earning fees from them. The asset management base has changed in the last 5 years. There has been a tremendous amount of fee compression. It doesn’t own its own distribution. This is probably fairly valued. Has a very high yield which can sometimes be a concern, but is probably safe for the foreseeable future. If looking for a new name, there are probably other areas where he would look.

investment companies/funds
Gerard Ferguson

CEO & Portfolio Manager, Jemekk Capital Management

Price: $6.260
Owned: No

2016-11-15

SELL
AGF Management (B) (AGF.B-T)

Market Call Minute. There is not a lot of earnings momentum on this, and they have to do a lot internally to get their business model going.

investment companies/funds
Christine Poole

CEO & Managing Director, GlobeInvest Capital Management

Price: $5.020
Owned: Unknown

2016-11-14

DON'T BUY
AGF Management (B) (AGF.B-T)

The problem is that they just sell mutual funds and are under huge duress right now to be able to do something more than just that. Expects they will come out with a brand of ETF’s. Net outflows are continuing. It is not a good time to be a mutual fund company. When CRM2 regulations come out, people will start to see exactly what they are paying in fees, which are much, much higher than ETF’s. 6.4% dividend yield.

investment companies/funds
David Driscoll

President & CEO, Liberty International Investment Management Inc

Price: $5.000
Owned: No

2016-07-06

COMMENT
AGF Management (B) (AGF.B-T)

Has a negative view on this and had it as a Top Short in June. His concern is largely with CRM2 regulations that take place on July 15, that will have a strong impact on companies such as this.

investment companies/funds
Jerome Hass

Portfolio Manager, Lightwater Partners

Price: $5.040
Owned: No

2016-06-10

TOP PICK
AGF Management (B) (AGF.B-T)

*SHORT* With the new disclosure rules coming into play on July 15, it is really going to hurt the mutual fund companies. There has been pressure on mutual fund fees and that is going to accelerate once the disclosure rules come into play. Also, ETF’s are going to continue taking market share away from mutual fund companies. Dividend yield of 6.25%.

investment companies/funds
Jerome Hass

Portfolio Manager, Lightwater Partners

Price: $5.080
Owned: Yes

2016-06-06

DON'T BUY
AGF Management (B) (AGF.B-T)

This is a no go.  It is in structural decline.  Fees are far too high considering the competition.  Turnarounds seldom turn.  It is not an investment he is comfortable with.  No analysts have a buy recommendation.

investment companies/funds
Barry Schwartz

CIO & Portfolio Manager, Baskin Wealth Management

Price: $5.240
Owned: No

2016-04-14

COMMENT
AGF Management (B) (AGF.B-T)

Doesn’t like dual class shares. Anyone who is in the mutual fund business has a real problem with ETF’s. You can basically duplicate diversification in a portfolio, pick your spots, and decide you will run with that. This wasn’t really available when mutual funds became popular. He would use ETF’s instead.

investment companies/funds
David Cockfield

Managing Director, Northland Wealth Management

Price: $5.140
Owned: Unknown

2015-12-15

DON'T BUY
AGF Management (B) (AGF.B-T)

Chart looks like a ski slope. They are going down because they are losing market share, mainly to ETF’s. Currently this is in a bit of a consolidation phase. Financials generally do well from January 23 into mid April.

investment companies/funds
Brooke Thackray

President, Jov Investment Management

Price: $4.720
Owned: Unknown

2015-11-11

DON'T BUY
AGF Management (B) (AGF.B-T)

This is a classic value trap. A lot of the asset managers are doing very, very poorly. You just don’t want to get caught up in this, because assets can continually decline. ETF’s are attracting so many assets now. There is a lot of fat in the organization. He would choose CI Financial (CIX-T) instead.

investment companies/funds
James Telfser

Partner & Portfolio Manager, Aventine Management Group

Price: $5.010
Owned: No

2015-11-09

DON'T BUY
AGF Management (B) (AGF.B-T)

You shouldn’t be buying this. Has a big dividend yield and trading at 10X earnings. They face a lot of issues including dual share structure. Have also had a declining revenue base over the last little while. They are suffering from poor performance with high cost funds in a world where investment advisors will have to list how much they make on each fund through MERs.

investment companies/funds
Paul Harris, CFA

Portfolio Manager and Partner, Avenue Investment Management

Price: $5.090
Owned: No

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