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CI Financial Corp T.CIX

Alternate Symbol(s):  CIXXF

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.S. Wealth Management. The Asset Management segment includes CI Global Asset Management, which operates in Canada, and GSFM Pty Ltd., which operates in Australia. The Canadian Wealth Management segment includes the operations of CI Assante Wealth Management, Aligned Capital Partners, CI Private Wealth, Northwood Family Office, CI Direct Investing and CI Investment Services. The U.S. Wealth Management segment includes Corient Private Wealth LLC, an integrated wealth management company providing comprehensive solutions to ultra-high-net-worth and high-net-worth clients across the United States.


TSX:CIX - Post by User

Comment by Ronbromleygrosson Jan 05, 2021 7:07pm
160 Views
Post# 32229640

RE:AUM

RE:AUM

Well said Islandbrook

Yeah not too worried here .  If the insiders (bill Holland) bought recently at roughly $16.75 or so then we have nothing to worry about here.  Bill is a very smart man.  I always followed him closely when he was the ceo here.  He is no dummy.  

We just have to be patient and wait for all these USA acquisitions to be digested and we need to get a few quarters under our belt.  

It us too bad all these acquisitions weren't done before the March market crash.  I would have bought 10,000 shares at the then $10.50 ultimate llow price.  What a steal that was.  I doubt we ever get there again.  $15 ud still a bargain price.  

I say we hit $22-$25 by end of this year.  We eaten hit our all time high of $31 plus sometime next year once the USA acquisitions start to flow to the bottom line and the synergy savings (fat) starts to be carved out.  

I think more aquisitions are in the cards.   Share buybacks are going to continue at these very low prices.  Very effective use of the free cash flow war chest.  

Been holding this stock for around 20 years. Use the drip to add shares.  You get paid to wait.  Nice yield too.   Buy on weakness.  Thank me later.  

No worries with this one.

Ron

 

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