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

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.

(A Top Pick July 20/17, Up 0.69%) He still likes it. It has an excellent dividend and it could be a takeout candidate. It will have resistance at $7.25. It has a cup and handle formation with the handle not quite formed. If it gets above $8.60 it will be a screaming buy.

One of Canada’s oldest Mutual Fund companies. 20 billion in retail mutual funds. They got caught within the trap of investors looking for ETFs. They tried to make a shift into the alt space and they had some modest success in the area. They are going to suffer in the short term from a lot of the backlash towards higher fees and underperforming funds. Redemptions seem to have stabilized. Valuation makes sense. Dividend is 4.7% probably safe in the short term.