adrian2 wrote:I would not rush in. I think the heydays of Investors Group are behind it. The growth in mutual fund industry is slowing, maybe substantially, and within the industry IG is far from the best in the bunch, even though that may be the biggest.
Reuters wrote:Iggy launches Big Mac attack, eats Cundill
Thu Aug 3, 9:12 AM
TORONTO - Mackenzie Financial Corp., a unit of IGM Financial Inc. , said on Thursday it agreed to acquire all the assets of Cundill Investment Research Ltd. and its related businesses. Mackenzie, which did not disclose financial terms of the deal, said the acquisition is expected to close in the third quarter and Cundill's investment management team will operate as a separate division of Mackenzie.
Under its long-standing alliance with Mackenzie, Cundill is currently a sub-advisor to over C$12.5 billion ($11 billion) in assets of the Mackenzie Cundill mutual funds and other Mackenzie instruments. The Cundill Group also manages over C$3 billion of institutional and high net worth mandates to a global client base.
investor99 wrote:IGreat (albeit short) dividend growth history.
Maybe it's not cheap enough to get in yet? Still seems a little rich on a P/E basis.
investor99 wrote:Has this company traded under a different symbol previously? Different name?
yielder wrote:Over the past 10 years, the high PE has ranged from 34.6 in 1997 to 15.9 in 2003. With a 10 year average PE of 18, it's not particularly cheap or expensive at a current PE of 17.
yielder wrote:If you want it to be cheap, then you probably have to wait for a down market and/or an earnings stumble. Doing that means that you miss the dividend growth which has averaged 16% over the past five years.
investor99 wrote:Forward yield, assuming a regular dividend increase, is now pushing 3.7%.
P/E is now = 16.5
I may pick some up tomorrow if this continues.
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