Guardian Capital Group

GCG.A-T

TSE:GCG.A

23.50
0.00 (0.00%)
Guardian Capital Group, founded in 1962, operates several fully owned subsidiaries whose operations are to provide investment management services, financial advisory services, retail distribution of ...
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Analysis and Opinions about GCG.A-T

Signal
Opinion
Expert
TOP PICK
TOP PICK
April 16, 2014

Long Guardian Capital (GCG.A-T) and short Bank of Montréal (BMO-T). In 2001 they sold its mutual fund business to Bank of Montréal in exchange for 5 million shares. Have been sitting on the 5 million shares ever since. These holdings plus some of their other listed holdings, actually comes out to $14.25 at the end of the last quarter. Stock is trading at about $16.60-$16.70 and if you strip out the $14.25, the underlying business is trading at about 3X this year’s earnings, ridiculously cheap. There is also a scarcity of independent asset managers, so one day somebody is going to come and take out this company. He has had this trade on since April 2009.

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Long Guardian Capital (GCG.A-T) and short Bank of Montréal (BMO-T). In 2001 they sold its mutual fund business to Bank of Montréal in exchange for 5 million shares. Have been sitting on the 5 million shares ever since. These holdings plus some of their other listed holdings, actually comes out to $14.25 at the end of the last quarter. Stock is trading at about $16.60-$16.70 and if you strip out the $14.25, the underlying business is trading at about 3X this year’s earnings, ridiculously cheap. There is also a scarcity of independent asset managers, so one day somebody is going to come and take out this company. He has had this trade on since April 2009.

TOP PICK
TOP PICK
November 5, 2013

Controlled by the family and becoming friendlier to shareholders. Have an 18 $Billion private asset management business and they own a large chunk of BMO-T but have not gone up in price with the stock. Added together they are worth $20 a share but it is trading about $15.

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Controlled by the family and becoming friendlier to shareholders. Have an 18 $Billion private asset management business and they own a large chunk of BMO-T but have not gone up in price with the stock. Added together they are worth $20 a share but it is trading about $15.

PAST TOP PICK
PAST TOP PICK
August 8, 2012

(Top Pick Sep 23/11, Down 2.63%) Part other consolidation theme and they should be consolidated some day. She finds it inexpensive. You are getting the asset management business at a big discount if you consider the cash and the BMO stock. She will be up more than 10% if or when it is taken out.

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(Top Pick Sep 23/11, Down 2.63%) Part other consolidation theme and they should be consolidated some day. She finds it inexpensive. You are getting the asset management business at a big discount if you consider the cash and the BMO stock. She will be up more than 10% if or when it is taken out.

PAST TOP PICK
PAST TOP PICK
June 8, 2012
(A Top Pick Sept 23/11. Down 5.02%.) Thinks it will eventually get consolidated. By the end of the decade, there will be fewer names and this will be one of them.
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(A Top Pick Sept 23/11. Down 5.02%.) Thinks it will eventually get consolidated. By the end of the decade, there will be fewer names and this will be one of them.
TOP PICK
TOP PICK
September 23, 2011
A space that is getting a lot of M&A activity. She is not suggesting there is anything imminent but she thinks one day they would be an attractive takeover target. Is down $2 from the peak and is a good entry point.
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A space that is getting a lot of M&A activity. She is not suggesting there is anything imminent but she thinks one day they would be an attractive takeover target. Is down $2 from the peak and is a good entry point.
TOP PICK
TOP PICK
September 9, 2011
Received 5 million shares from Bank of Montreal (BMO-T) worth about $280 million of their $350 million market cap, so you get a $16 billion asset management company for about a quarter of the price. One of the larger independent players.
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Received 5 million shares from Bank of Montreal (BMO-T) worth about $280 million of their $350 million market cap, so you get a $16 billion asset management company for about a quarter of the price. One of the larger independent players.
TOP PICK
TOP PICK
July 27, 2011
Sold part of their business to Bank of Montreal (BMO-T) so they own a large chunk of this bank’s stock plus other investments. This basically represents what the stock is trading at. If this was ever acquired it would go at a higher price.
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Sold part of their business to Bank of Montreal (BMO-T) so they own a large chunk of this bank’s stock plus other investments. This basically represents what the stock is trading at. If this was ever acquired it would go at a higher price.
Showing 16 to 22 of 22 entries