CI Financial Corp T.CIX

Alternate Symbol(s): CIXXF

Financial Services Asset Management

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.

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CI Financial Corp

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Post by 1northumberlandon Jun 05, 2023 12:58pm

295 Views

Post# 35480666

Next stop $16.00

They sold off a portion of the US division to private equity at a valuation the the CEO said it s worth - proving his point.

They bought back over a Billion dollars back of their debt and retired it.

The company has got the monkey off it's back that the mkt was focused on.

The shorts are 6.6 million shares.
Dividend is 5.2% and investors don't have to worry about this being cut. Represents 20% of cash flow.

Short narrivative is donez

Hold stock, collect dividend and the shorts themselves will send much higher as they will begin and try to buy back.

imo