IGM expands south of the border

IGM FINANCIAL INC. $39 is a buy. The mutual fund seller (Toronto symbol IGM; Conservative Growth Portfolio, Finance sector; Shares outstanding: 237.8 million; Market cap: $9.3 billion; Price-to-sales ratio: 2.8; Dividend yield: 5.8%; TSINetwork Rating: Above Average; www.igmfinancial.com) is selling its Investment Planning Counsel wealth management business to… Read More

IGM expands in the U.S.

POWER CORP., $36.33, is a buy. The conglomerate (Toronto symbol POW; Shares outstanding: 611.2 million; Market cap: $24.2 billion; TSINetwork Rating: Above Average; Dividend yield: 5.8%) owns 61.8% of IGM Financial (symbol IGM on Toronto). is Canada’s largest independent mutual-fund provider.
IGM is now buying 20.5% of Rockefeller Capital… Read More

Great-West’s acquisitions make us wary

Great-West Lifeco has completed several acquisitions in the past two years as part of a plan to diversify beyond insurance. The plan should spur its long-term growth, but constantly integrating new businesses adds risk.
GREAT-WEST LIFECO INC. $37 is a hold. The company (Toronto symbol GWO; Conservative Growth… Read More

Our updates help keep you on track

NEWMONT CORP. $52.07, remains a buy for long-term growth and as a hedge against inflation. The company (New York symbol NEM; Shares o/s: 793.8 million; Market cap: $34.6 billion; TSINetwork Rating: Average; Dividend yield: 3.1%; www.newmont.com) has completed the sale of its common shares of Triple Flag Precious… Read More

Buy quality assets at a discount

POWER CORP. $35 is a buy. The conglomerate’s (Toronto symbol POW; Conservative-Growth Dividend Payer Portfolio, Finance sector; Shares outstanding: 667.1 million; Market cap: $23.3 billion; Dividend yield: 6.0%; Dividend Sustainability Rating: Above Average; www.powercorporation.com) primary investments are controlling stakes in Great-West Lifeco, IGM Financial and robo-advisor Wealthsimple. It also… Read More