Canada markets closed

CI Financial Corp. (CIXX)

NYSE - Nasdaq Real Time Price. Currency in USD
Add to watchlist
10.73+0.10 (+0.94%)
At close: 04:00PM EDT
Sign in to post a message.
  • T
    The Joker
    Valuation is attractive but staying on the sideline for the time being until some of the clouds of uncertainty clear up. The clouds I see are the debt level, market volatility and the pending spin off. DBRS just downgraded its debt.

    https://www.investmentexecutive.com/news/industry-news/dbrs-downgrades-ci-rating-to-bbb/
    The rating agency cited "persistently high debt levels"
    The rating agency cited "persistently high debt levels"
    www.investmentexecutive.com
  • C
    Crash
    Won’t be surprise if they cut the dividend by half. All the assets they purchase, 50% are worthless. All there bragging has turn to depression.
  • C
    Chris
    Here come the buybacks. I expect green days to be the norm for the balance of the year as the market smells the value here.
  • C
    Crash
    We need management
    Salary cut by 50% . The performance of this Company is a disappointment to the shareholders. The shareholders are suffering so should the management. They are over paid for the kind of performance we are getting.
  • C
    Crash
    This is a killer of money.
  • R
    Ron
    Another Assessment
    CIX has undertaken an acquisition strategy. Initial quarterly results have just come in. Do you feel this is a viable strategy and where could CIX be in 5 years? That said, at this price point ($14.30 or so a share) and a healthy dividend, could money be made on the stock over the next 2-3 years? Is $30 a share doable?

    We are not so sure about a double in three years, but CIX has always been a good acquiror. When it buys a company 90% of the assets stay, and it sees significant cost synergies. We like the planned US spin out, and 4X earnings is too low in our view for a company with a solid 20 year+ history. We think it is higher in two years, with a nice dividend while one waits. (5iResearch)
  • I
    Ivan
    Remember the price in early 2020? Then the ride to $30, don't miss out again!
  • I
    Ivan
    Holding strong on a horrible day, let’s Go!
  • C
    Crash
    Dividend cut coming, they have a history of it.
  • T
    The Joker
    Any update on the spin-off?
  • C
    Chris
    Insider trading lock-up ends end of day today, look for insider purchases on Monday for sure. Also, they will now have the opportunity to do block trades under their NCIB, this is not allowed during lock-up periods (when insiders can't make discriminate purchases). The CEO hinted on the call he was a buyer when the lock-up ended.
  • C
    Chris
    Trading at just over 4x forward P/E. Makes sense.
  • C
    Chris
    I averaged down and have a $19 average. Feeling very confident about the next 12 months. Buckle up.
  • F
    Francis
    yes
  • C
    Crash
    Keep buying assets, and brag how much assets under management. You try selling those asset, you will suffer a severe loss.
  • C
    Crash
    Going lower, these guys are lost. No organic growth just buying growth, that’s not doing nothing g for the stock price for years.
  • R
    Ron
    He's at it again...

    On April 14, chair of the board of directors Bill Holland bought 50,000 shares at a price per share of $18.3646 for an account in which he has indirect ownership (WH Corp.), increasing this particular account’s position to 1,375,000 shares. The cost of this purchase exceeded $918,000.

    Mr. Holland is CI’s former chief executive officer.

    The company pays its shareholders a quarterly dividend of 18 cents per share or 72 cents per share yearly, equating to a current annualized yield of approximately 3.9 per cent.
  • Y
    Yahoo Finance Insights
    CI Financial reached a 52 Week low at 12.26
  • Y
    Yahoo Finance Insights
    CIX.TO reached a 52 Week low at 15.83
  • Y
    Yahoo Finance Insights
    CIX.TO is down 5.03% to 15.30