Ongoing turnaround case.
Does not like asset management business (tough to make profits).
Revenues sensitive to market environments.
Current price not presenting a buying opportunity.
He has owned it in the past and sold a while ago because the share price dropped. The big issue is that they have a lot of margin pressure facing them. They are struggling against a tide. The share price is cheap but you need to look at where the industry is going.
(A Past Top Pick on July 26, 2017, Down 6%) Hasn't done much and has disappointed. Its UK division is worth much more than the market gives it credit for.
(A Top Pick July 20/17 Down 4%) The gain has evaporated into a slight loss, but he sees this entering into a bullish seasonal cycle so will hold it. The risk-reward is very good right now. There could be take-out rumours soon as the big banks are purchasing such assets.
(Past Top Pick on January 26, 2018, Down 15%) He sold at $7.17. He bought it because it was a turnaround story. Mutual fund companies got hit in February. He lost less than 7% and moved on.
AGF Management (B) is a Canadian stock, trading under the symbol AGF.B-T on the Toronto Stock Exchange (AGF.B-CT). It is usually referred to as TSX:AGF.B or AGF.B-T
In the last year, 2 stock analysts published opinions about AGF.B-T. 0 analysts recommended to BUY the stock. 2 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for AGF Management (B).
AGF Management (B) was recommended as a Top Pick by on . Read the latest stock experts ratings for AGF Management (B).
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
2 stock analysts on Stockchase covered AGF Management (B) In the last year. It is a trending stock that is worth watching.
On 2023-09-22, AGF Management (B) (AGF.B-T) stock closed at a price of $7.46.
His preference is for quality. He likes POW, which owns GWO, for dividend growth and share buybacks. AGF.B might have higher return potential because it's smaller with more volatility, but POW will give him a higher Sharpe ratio over the long term because it's not as volatile.