TSE:CIX

CI Financial Corp (CIX.TO)

31.99
-0.00 (0.00%)
as of Aug 14, 2025, 8:00:00 pm Market Open.
105 watching
0
HOLD
Because of high fees, should he get out of this and into ETFs? One of the leading mutual funds and has done very well in consolidating the landscape, getting scale, cutting fees and paying out very good dividends, which would make it a good holding. However, he doesn't see a lot of growth. Very capable management.
DON'T BUY
Doesn't think the stock is going anywhere. Bank of Nova Scotia (BNS-T) owns 1/3 so he doesn't expect it will get taken out. 4.5% dividend.
SELL
There is not a lot to get excited about. Sees no compelling reason to own this. Will go sideways for a year or two.
BUY
Thinks at some time BNS will make an offer to acquire them. They may be looking to sell. Thinks they are holding out for a better offer. Could go for $30. They raise dividends every year and he sees it going higher. This is really the only great one remaining.
PAST TOP PICK

(Top Pick March 18/09. Down 58.79%.)

WAIT
Markets have done well in last year. Mutual fund companies got hurt when people were fleeing and they benefited when they people came back. This one did not. Likes the long-term fundamentals. Wait for a sell-off. It’s in BNS’s best interest to buy CI in the long run.
BUY
Likes it. Peculiarly bought by Scotia. Well worth holding. Could be taken out by Scotia. Doesn’t watch it, he is so happy with it.
BUY
Likes the company and the sector. A tremendous amount of money on the sidelines in Canada. A lot of it is parked in money market funds, brokerage and savings accounts. That will move back into the market and fund companies will see their profit margins increase. Good dividend.
DON'T BUY
Doesn't seem to be growing as well as it has in the past. Also there are other cheaper options. 3.6% yield.
TOP PICK
Top Short Coming under a lot of pressure. Dropped dramatically over the past year because of the declining revenue streams and the leverage they have on that. Would get out at $12. Short term (6 months), not a long-term trade.
DON'T BUY
Financials and particularly funds are not what they have been for the last 20 years. Funds are under pressure. It's going to be a tough go.
PAST TOP PICK
(A Top Pick May 3/06.) Converted to an income trust, but will be turning back into a corporation in 2010. Still likes it as a trust.
COMMENT
Proving to be one of the survivors and main companies left in the competitive field of mutual funds. Makes very good acquisitions. We are now into the RRSP season, which is a good time of year for them.
PAST TOP PICK
(A Top Pick May 3/06. Down 6.5%.) Has converted to a trust (CIX.UN-T). Mutual-fund sales have dropped over the last few months. 6.9% yield. Good earnings growth. Still likes.
BUY
Changing to a trust so some index funds will have o pick it up which will give it a bit of a pop. Fundamentally, the fund is doing quite well.
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