Canaccord Genuity Group Inc T.CF

Alternate Symbol(s): CCORF | T.CF.PR.A | T.CF.PR.C

Financial Services Asset Management

Canaccord Genuity Group Inc. is a Canada-based independent and full-service financial services company. The Company has operations in two principal segments of the securities industry: wealth management and capital markets. The Capital Markets segment includes investment banking, advisory, research and trading activities on behalf of corporate, institutional and government clients as well as principal trading activities in Canada, the United Kingdom, Europe, Australia and the United States. The Wealth Management segment provides brokerage services and investment advice to retail or institutional clients in Canada, the United States, Australia and the United Kingdom and Crown Dependencies. Together, these operations offer a range of complementary investment products, brokerage services and investment banking services to its private, institutional and corporate clients. Its international capital markets division operates in North America, the United Kingdom & Europe, Asia, and Australia.

TSX:CF - Post by User

Canaccord Genuity Group Inc

Bullboard Posts

Comment by generaldiscon May 24, 2012 2:08pm

271 Views

Post# 19942803

RE: RE: RE: RE: Earnings miss but dividend safe

It seems to stablize today above $6.

Given the current circumstances, a dividend cut (even a 25% cut) will crush this stock.

If we assume that the market is looking for a 6.5% to 7% yield on this stock, a 25% dividend cut (i.e.
.10 cut) will bring the stock price down to between $4 and $4.50 range.

I'll prefer they suspend the dividend completely and save the cash, rather than "death by a thousand cuts".

Bullboard Posts

Meet Canopy USA’s new CEO, Brooks Jorgensen