IGM Financial Inc.

IGM-T

TSE:IGM

33.08
0.52 (1.55%)
IGM Financial Inc. is a Canadian financial services company, with $133.6 billion in total assets under management as at December 31, 2015. It is a publicly traded subsidiary of Power Corporation of Canada.
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Analysis and Opinions about IGM-T

Signal
Opinion
Expert
PAST TOP PICK
PAST TOP PICK
November 1, 2013

(A Top Pick March 20/13. Up 13.23%.) (BNN said March 20 but we show it as April 29.-Bill.) Likes asset management companies. Felt that the exposure they had on the equity side will continue to take hold as people place more money in equities and less in bonds and other products. This is now a “wait-and-see” stock.

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IGM Financial Inc. (IGM-T)
November 1, 2013

(A Top Pick March 20/13. Up 13.23%.) (BNN said March 20 but we show it as April 29.-Bill.) Likes asset management companies. Felt that the exposure they had on the equity side will continue to take hold as people place more money in equities and less in bonds and other products. This is now a “wait-and-see” stock.

BUY
BUY
October 10, 2013

Benefiting from money rotating back into equities. Will benefit going forward.

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IGM Financial Inc. (IGM-T)
October 10, 2013

Benefiting from money rotating back into equities. Will benefit going forward.

PAST TOP PICK
PAST TOP PICK
September 16, 2013

(Top Pick Apr 29/13, Up 11.49%) It didn’t move in line with CI so he thought it would catch up and he got out at the highs.

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IGM Financial Inc. (IGM-T)
September 16, 2013

(Top Pick Apr 29/13, Up 11.49%) It didn’t move in line with CI so he thought it would catch up and he got out at the highs.

PAST TOP PICK
PAST TOP PICK
June 5, 2013

(A Top Pick Jan 8/13. Up 15.66%.) There has been a dearth of interest in the equity side over the past 5-6 years. Most of the money being invested has been in bond funds and, in the last couple of years, in balanced funds. This company makes a lot of their money on the long-term product, i.e. equities. Still likes them. 4.5% yield.

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(A Top Pick Jan 8/13. Up 15.66%.) There has been a dearth of interest in the equity side over the past 5-6 years. Most of the money being invested has been in bond funds and, in the last couple of years, in balanced funds. This company makes a lot of their money on the long-term product, i.e. equities. Still likes them. 4.5% yield.

PAST TOP PICK
PAST TOP PICK
May 15, 2013

(up 27.02% since June 5, 2012) He doesn't own anymore as the performance of their mutual funds especially the Mackenzie funds was bad. They were bleeding assets. It is a yield play of 4.5%. He did well while he owned it but didn't like the performance of underlying stock.

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(up 27.02% since June 5, 2012) He doesn't own anymore as the performance of their mutual funds especially the Mackenzie funds was bad. They were bleeding assets. It is a yield play of 4.5%. He did well while he owned it but didn't like the performance of underlying stock.

HOLD
HOLD
May 3, 2013

Seasonally the financials tend to be weak between now and late summer. Watch the lid around $47.50 and be prepared to take profits if it hits and does not to show signs of wanting to break it.

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Seasonally the financials tend to be weak between now and late summer. Watch the lid around $47.50 and be prepared to take profits if it hits and does not to show signs of wanting to break it.

TOP PICK
TOP PICK
April 29, 2013

Likes the dividend yield and the cash flow being generated. Cheaper than number one in Canada (AGF) – valuation discrepancy. Positive trends in cash flow and growth. Expects continued good performance. 2.6 times book value.

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Likes the dividend yield and the cash flow being generated. Cheaper than number one in Canada (AGF) – valuation discrepancy. Positive trends in cash flow and growth. Expects continued good performance. 2.6 times book value.

PAST TOP PICK
PAST TOP PICK
March 7, 2013

(Top Pick Jan 07/13, Up 9.54%)

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(Top Pick Jan 07/13, Up 9.54%)

COMMENT
COMMENT
February 12, 2013

Has gone up in the last 3 weeks, which she feels is because of fund flows. As the market improves, the stock will reflect that, which accounts for a lot of the stock price movement. High-quality company. She has always played this through Power Financial (PWF-T) or Power Corp. (POW-T).

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IGM Financial Inc. (IGM-T)
February 12, 2013

Has gone up in the last 3 weeks, which she feels is because of fund flows. As the market improves, the stock will reflect that, which accounts for a lot of the stock price movement. High-quality company. She has always played this through Power Financial (PWF-T) or Power Corp. (POW-T).

TOP PICK
TOP PICK
January 8, 2013

Big theme over the past 5 years has been outflows from equities to fixed income. Starting to see the thin edge of the wedge in reversal of attitudes towards equities. We are going to see a credit cycle default in front of us, where credit is going to be easy and will bleed into the economy and risk-taking will come back.

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Big theme over the past 5 years has been outflows from equities to fixed income. Starting to see the thin edge of the wedge in reversal of attitudes towards equities. We are going to see a credit cycle default in front of us, where credit is going to be easy and will bleed into the economy and risk-taking will come back.

HOLD
HOLD
November 1, 2012

Has a very good position in the Canadian mutual fund industry with a proprietary sales force. Mutual funds, as an industry, has been stagnating. There is not as much room for consolidation. If your view on the market is positive, this could have some upside here but he doesn’t see a huge upside.

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IGM Financial Inc. (IGM-T)
November 1, 2012

Has a very good position in the Canadian mutual fund industry with a proprietary sales force. Mutual funds, as an industry, has been stagnating. There is not as much room for consolidation. If your view on the market is positive, this could have some upside here but he doesn’t see a huge upside.

DON'T BUY
DON'T BUY
October 3, 2012

(Market Call Minute) Asset management is a tough space right now. Isn't a fan of any of them.

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(Market Call Minute) Asset management is a tough space right now. Isn't a fan of any of them.

BUY
BUY
September 24, 2012

Controlled by power financial, which he owns. A great stock to own but a lousy one to buy their funds, which makes it a great stock to own in the long run.

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IGM Financial Inc. (IGM-T)
September 24, 2012

Controlled by power financial, which he owns. A great stock to own but a lousy one to buy their funds, which makes it a great stock to own in the long run.

SELL
SELL
August 7, 2012

5.7%. Market is saying it is safe yield for now. Chart is ugly and it is not a great business.

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5.7%. Market is saying it is safe yield for now. Chart is ugly and it is not a great business.

PAST TOP PICK
PAST TOP PICK
August 7, 2012

(A Top Pick Aug 24/11. Down 9.03%.) This is under review by him as he is becoming increasingly convinced that the whole mutual fund industry is going through a sea change. People are getting clued into fees being charged and more aware of ETF's.

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(A Top Pick Aug 24/11. Down 9.03%.) This is under review by him as he is becoming increasingly convinced that the whole mutual fund industry is going through a sea change. People are getting clued into fees being charged and more aware of ETF's.

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