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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 15, 2021 8:30pm
128 Views
Post# 32312142

RE:Insider buying!

RE:Insider buying!

This must be the second recent purchase by Bill Holland  of around the same number of shares.   He bought a similar number of shares a few months ago.   Yes follow the "smart money".   Always a good move.   The stock is very cheap.  


Below is a link to an article written which identifies CI Financial as a very cheaply priced stock

We also had the big 5 banks recently all upping their price targets on CI to the $22 to $25 range.   Agreed in those assessments.   I don't think those price targets factored in all the USA acquisitions CI has made over the last year.   That could be gravy!  Regardless you could be looking at CI reaching its all time high of just over $30 once all these  aquisitions start flowing to the bottom line earnings.  


Been holding CI stock for  about 20 years and have always made effective use of  the Dividend Re Investment  Plan (DRIP) to buy more shares.  It makes a huge difference.  Free shares and lowers your cash cost per share.  That is how the rich do  it.   The best is still to come. 


https://ca.finance.yahoo.com/news/3-cheap-tsx-stocks-buy-223020807.html

Ron

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