AGF Management (B)

AGF.B-T

TSE:AGF.B

6.43
0.00 (0.00%)
AGF Management Limited is a premier Canadian-based investment management firm serving institutions and individuals around the globe since 1957.
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Analysis and Opinions about AGF.B-T

Signal
Opinion
Expert
COMMENT
COMMENT
September 22, 2014

Funds management is a terrifically competitive business. It is very difficult to have a sustained advantage. This company has not had great results year after year like it needed to. This is a turnaround story at this point.

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AGF Management (B) (AGF.B-T)
September 22, 2014

Funds management is a terrifically competitive business. It is very difficult to have a sustained advantage. This company has not had great results year after year like it needed to. This is a turnaround story at this point.

HOLD
HOLD
September 18, 2014

Can’t tell if the dividend is getting cut in half. The mutual fund business is good right now. It may be time for them to start looking to sell the company. There is a risk with the high fees that these guys are charging.

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AGF Management (B) (AGF.B-T)
September 18, 2014

Can’t tell if the dividend is getting cut in half. The mutual fund business is good right now. It may be time for them to start looking to sell the company. There is a risk with the high fees that these guys are charging.

COMMENT
COMMENT
September 12, 2014

This company has really struggled with asset flows and getting their story right. However, the dividend yield is safe. They are doing things to change the business around. They have a lot of funds, but not a lot of focus, but they are slowly getting there. You might consider looking at Aston Hill (AHF-T) instead, which is incredibly undervalued.

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AGF Management (B) (AGF.B-T)
September 12, 2014

This company has really struggled with asset flows and getting their story right. However, the dividend yield is safe. They are doing things to change the business around. They have a lot of funds, but not a lot of focus, but they are slowly getting there. You might consider looking at Aston Hill (AHF-T) instead, which is incredibly undervalued.

COMMENT
COMMENT
September 4, 2014

Feels the dividend is safe currently. Doesn’t expect the dividend to grow. Hopefully the new management will turn the company around, but they are still bleeding assets. It is a “wait and see” attitude on his part. This is a tough business and they are on the wrong side of the performance curve right now.

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Feels the dividend is safe currently. Doesn’t expect the dividend to grow. Hopefully the new management will turn the company around, but they are still bleeding assets. It is a “wait and see” attitude on his part. This is a tough business and they are on the wrong side of the performance curve right now.

HOLD
HOLD
August 27, 2014

Feels they are going through a turnaround and putting all the pieces in place. Have a new CIO and hired some new portfolio managers. Past performance was really poor, which hurt them in growing their business. Capital markets are doing fairly well and if they continue to do so companies like this are going to do very well as they continue to scoop up and manage more assets. Thinks the 8.7% dividend yield is very safe. A year or 2 out from now, the stock will have paid you a nice dividend and you will probably have some good capital appreciation as well.

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Feels they are going through a turnaround and putting all the pieces in place. Have a new CIO and hired some new portfolio managers. Past performance was really poor, which hurt them in growing their business. Capital markets are doing fairly well and if they continue to do so companies like this are going to do very well as they continue to scoop up and manage more assets. Thinks the 8.7% dividend yield is very safe. A year or 2 out from now, the stock will have paid you a nice dividend and you will probably have some good capital appreciation as well.

COMMENT
COMMENT
August 27, 2014

Chart shows a little bit of resistance at around $12.50. It also shows some lower lows. Stock is above all its moving averages right now, but he likes to get them in the right order with 20 above the 50, and the 50 above the 200. When a stock gets above its 200, you need the others to play catch up. Everything else is positive. Has a really nice dividend of 8.6% attached to it.

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Chart shows a little bit of resistance at around $12.50. It also shows some lower lows. Stock is above all its moving averages right now, but he likes to get them in the right order with 20 above the 50, and the 50 above the 200. When a stock gets above its 200, you need the others to play catch up. Everything else is positive. Has a really nice dividend of 8.6% attached to it.

BUY
BUY
August 21, 2014

One of the few stocks he has added this year. Business had declined, but he found there is tremendous value. They are expanding internationally.

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One of the few stocks he has added this year. Business had declined, but he found there is tremendous value. They are expanding internationally.

SPECULATIVE BUY
SPECULATIVE BUY
July 31, 2014

Last quarter it fell. There are concerns about its free cash flow. Paid out $22 million in dividends last quarter, and only earned $14.5 million. However, they do have $233 million in cash, so they can achieve that burn rate for 6-7 years if their business doesn’t turn around. Part of the reason for the big burn last quarter was a bit of a mismatch of capital, timing of the dividend and launch of new growth initiatives. Feels they have a pretty good shot of turning their business around, and asset management continues to be a good place to be. Pretty cheap but more for the risk tolerant.

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Last quarter it fell. There are concerns about its free cash flow. Paid out $22 million in dividends last quarter, and only earned $14.5 million. However, they do have $233 million in cash, so they can achieve that burn rate for 6-7 years if their business doesn’t turn around. Part of the reason for the big burn last quarter was a bit of a mismatch of capital, timing of the dividend and launch of new growth initiatives. Feels they have a pretty good shot of turning their business around, and asset management continues to be a good place to be. Pretty cheap but more for the risk tolerant.

HOLD
HOLD
July 14, 2014

It broke this year’s uptrend. It is waffling right now. Some of the indicators are already quite low. You want to see it break the three year down trend it is on. If it broke below $11, then there is something going on.

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It broke this year’s uptrend. It is waffling right now. Some of the indicators are already quite low. You want to see it break the three year down trend it is on. If it broke below $11, then there is something going on.

DON'T BUY
DON'T BUY
July 8, 2014

(Market Call Minute) Would not buy here. High yield could be cut if they don’t get their sales going.

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(Market Call Minute) Would not buy here. High yield could be cut if they don’t get their sales going.

DON'T BUY
DON'T BUY
June 16, 2014

The independent mutual fund companies are having a tough time and we have seen consolidation to the larger players in the industry, but this one was not involved. We have seen significant assets leaving this company.

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The independent mutual fund companies are having a tough time and we have seen consolidation to the larger players in the industry, but this one was not involved. We have seen significant assets leaving this company.

COMMENT
COMMENT
May 16, 2014

This company has struggled. Has a big juicy supportable yield of 8.4%. For investors who want to give it time, they are working to rework their product line-up, which will take some time. There are probably other firms that have the captive distribution and are better positioned that don’t have the same struggles.

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This company has struggled. Has a big juicy supportable yield of 8.4%. For investors who want to give it time, they are working to rework their product line-up, which will take some time. There are probably other firms that have the captive distribution and are better positioned that don’t have the same struggles.

DON'T BUY
DON'T BUY
May 7, 2014

Has some challenges. They have been losing assets and therefore revenues. Dividend is paid out of cash flow, so they have to turn around performance.

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Has some challenges. They have been losing assets and therefore revenues. Dividend is paid out of cash flow, so they have to turn around performance.

COMMENT
COMMENT
May 6, 2014

Asset managers so they will benefit if the market in general continues to move up and funds flow back into equities. Lost a very high profile manager a couple of years ago, which led them moving out of institutional management. Has a nice yield. Owned by the family so she does not think the dividend will get cut. Asset management generates a lot of cash flow, so she would not look at earnings number as an indication of cash generation.

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Asset managers so they will benefit if the market in general continues to move up and funds flow back into equities. Lost a very high profile manager a couple of years ago, which led them moving out of institutional management. Has a nice yield. Owned by the family so she does not think the dividend will get cut. Asset management generates a lot of cash flow, so she would not look at earnings number as an indication of cash generation.

TOP PICK
TOP PICK
May 5, 2014

Valuation. Severely pummeled over the last several years. Mutual fund businesses are worth a lot. This is a turnaround and has stabilized. Huge dividend just under 9%. Most employees own stock in this company so they will not lower the dividend. It is worth double what it is trading at today.

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Valuation. Severely pummeled over the last several years. Mutual fund businesses are worth a lot. This is a turnaround and has stabilized. Huge dividend just under 9%. Most employees own stock in this company so they will not lower the dividend. It is worth double what it is trading at today.

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