Pat: What are your thoughts on People Corporation? I ask because one of the major shareholders, Laurie Goldberg helped guide Assante to a successful takeover by CI Financial. I would appreciate your thoughts on the company. Thanks
People Corporation, $2.60, symbol PEO on Toronto (Shares outstanding: 39.5 million; Market cap: $102.7 million; www.peoplecorporation.com), provides group benefits, group retirement and human resource services from offices across Canada.
People’s shares moved up at the end of March, after the company reported stronger results in the quarter ended February 28, 2014. Revenue rose 37.7%, to $11.2 million from $8.1 million a year earlier. Acquisitions—mostly Hamilton + Partners, which People bought in July 2013—accounted for about two-thirds of the gain. Earnings jumped to $1.4 million, or $0.043 a share, from $178,014, or $0.005.
The company just raised $10.4 million by issuing new shares for $2.15 each. It will use some of these funds for more acquisitions.
Laurie Goldberg, the former president of Assante Corporation, is People’s chairman and CEO. During his tenure with Assante, the company grew to become a major wealth management firm, administering $22 billion of client assets. It also owned a sports and entertainment services organization in the U.S. In 2003,…
Privacy Policy and Terms of Use
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What personal information do we collect?
The information we receive from customers helps us personalize and continually improve your online experience at TSI Network. TSI Network may collect personal information online for all legal purposes, which include, but are not limited to:
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Does TSI Network Use the Information It Receives?
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COMMENTS: TERMS OF USE
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Changes to this Policy
This Policy is the sole authorized statement of TSI Network's practices with respect to the collection of personal information through TSI Network's websites and the subsequent use and disclosure of such information. Any summaries of this Policy generated by third party software or otherwise (for example, in connection with the "Platform for Privacy Preferences" or "P3P") shall have no legal effect, are in no way binding upon TSI Network, shall not be relied upon in substitute for this Policy, and neither supersede nor modify this Policy.
TSI Network may revise this Policy from time to time.
Legal Notices and Disclaimers
The contents of this web site and our publications are based upon sources of information believed to be reliable, but no warranty or representation, expressed or implied, is given as to their accuracy or completeness. Any opinion reflects the Successful Investor’s judgment at the date of publication and neither the Successful Investor, nor any of its affiliated companies, nor any of their officers, directors or employees, accepts any responsibility in respect of the information or recommendations contained in the publications or on this web site. Moreover, the information or recommendations are subject to change without notice.
Information presented on this web site or contained in our publications is not an offer, nor a solicitation, to buy or sell any securities referred to on the web site or in the publications. The material is general information intended for recipients who understand the risks associated with an investment in any securities referred to in the publications or on this web site. The Successful Investor has made no determination regarding whether an investment, course of action, or associated risks are suitable for the recipient.
