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Jovian Capital Corporation T.JOV



TSX:JOV - Post by User

Comment by DTM5on Nov 27, 2012 4:03pm
74 Views
Post# 20651185

Dogs breakfast

Dogs breakfast

I have owned JOV stoct twice in the last 10 years - bought it when the company looked worse than it is and traded it.  Did very well.  

The JOV is a perennial money loser;  Most of its assets are lower margin 'assets under administration' and spread across several disorganized subsidiaries.   Also, JOV's management's integrity and professionalism is highly questionable.    The market doesn't like them or trust them.   

Thier 'dividiends' are not from profitable operations but the sale of a subsidiary company;   When the cash is paid out there is no reason to own this stock.   

GS is a profitable higher margin asset manager which pays a regular dividend and has highly respected management and valuable franchise.  

Apples to Oranges comparison.    That being said, if I think JOV is undervalued I will buy the stock again and profit again from it.   But a quality company it isn't.

 

 

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