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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 islandbrookon Jan 26, 2021 2:02pm
113 Views
Post# 32389065

RE:RE:A Sizeable Acquisition...

RE:RE:A Sizeable Acquisition...With more to come, CIX could become a 15-20% growth stock. After all, assets under administration (AUM) grew by 20% last year,wlile yesterdays acquision added 10% to last year's total puts it  in the growth category. Certainly at that rate of growth,it deserves a PE mulipe far above the current PE of 7.1. times the consensus estimeate of $2.37 for 2020.A more reasonable mutiple of 12 times would give a target of $28.44 , 68% above the current price of $16.90. Time for Canadian analysts to wake up.
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