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Bullboard - Stock Discussion Forum CI Financial Corp T.CIX

Alternate Symbol(s):  CIXXF

Financial Services Asset Management
CI Financial Corp. is a diversified global asset and wealth management company operating primarily in Canada, the United States and Australia. The Company is engaged in the management and distribution of a range of financial products and services, including wealth management, insurance, and others. The Company operates through three segments: Asset Management, Canadian Wealth Management, and U... see more

TSX:CIX - Post Discussion

CI Financial Corp > I have been 100% correct on CIX.
View:
Post by argon12 on Sep 09, 2022 9:54am

I have been 100% correct on CIX.

Bill Holland has been loading up at these prices. Even higher actually.
CIX has done share buybacks.
Short interest is high which is bullish.
Short Imterest ratio of 11.64, tells us that the shorts could easily send this to the 200 day ema of $18.02.
Shorts has have to cover dividend payment on CIX, which has a Sept 28th ex dividend day.

which short will be the first to cover?
Comment by thelostarc on Sep 09, 2022 10:13am
Well said argon12 CI Financial can keep pumping out free cash flows and buying itself back at these super-depressed valuations. The company trades at just 6.5x earnings! Given there is no CAPEX per say, operating cash flows are just streaming to free cash flow. In this market, cash is king and we have no shortage of it! The deployment of cash has been awesome by McApline. To assemble a US ...more  
CI Financial Corp
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