CIX should buy AGF - 50% of average EV/EBITDA and EV/AUM...Based on 6 Cdn Firms, per TD August 11, 2021 CIX analysis
Compare to CIX alone:
CIX 6.6x and 2.4X
AGF 3.4x and 1.1X
What is cheap will likely remain cheap.
Long term chart comparing CIX, GCG.A and AGF tells story. 10yr and 20yr comparisons really hurt.
AGF needs to be sold. If not to CIX, to one of the banks.