Pink Sheets: CI Financial Corp (CIFAF) news stock charts
CI Financial Corp (CIFAF/CIFAF.PK) Penny Investment Summary:
CI Financial, Inc. operates as a diversified wealth management firm and investment fund company in Canada. The company, through its subsidiaries, engages in the management and distribution of various financial products and services, including mutual funds, segregated funds, financial planning, insurance, investment advice, wealth management, and estate and succession planning. CI Financial offers mutual funds; industry funds in industry sectors, such as technology or biotechnology; global funds; closed-end funds; portfolio funds; multimanager funds; labour sponsored investment funds; segregated funds that offer insurance guarantees and other benefits; hedge funds; structured products; and other products. It distributes its investment products through investment dealers, mutual fund dealers, insurance agents, banks, and financial advisors. The company, formerly known as CI Fund Management, Inc., is headquartered in Toronto, Canada.CI FINANCIAL CORP (CIFAF:OTC)
Snapshot of CI FINANCIAL CORP (CIFAF)
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OPEN
$20.45
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PREVIOUS CLOSE
$20.47
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DAY HIGH
$20.47
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DAY LOW
$20.45
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52 WEEK HIGH
01/19/10 - $21.59
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52 WEEK LOW
03/31/09 - $10.66
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MARKET CAP
--
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AVERAGE VOLUME 10 D
5.1K
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EPS TTM
--
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SHARES OUTSTANDING
0.0
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EX-DATE
03/29/10
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P/E TTM
--
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DIVIDEND
$0.72
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DIVIDEND YIELD
3.29%
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| K = Thousands M = Millions B = Billions | ||
Key developments for CI FINANCIAL CORP (CIFAF)
CI Financial Corp expected to Report Q1 2010 Results on May 11, 2010. This event was calculated by Capital IQ (Created on March 20, 2010).
CI Financial Corp. reported sales results for the month and year to date ended February 28, 2010. The company reported gross retail sales of $1.0 billion and net sales of $346 million for the month of February. Net sales consisted of $328 million in net sales of long-term funds and $18 million in money market funds. For the year-to-date, the company had gross retail sales of $1.8 billion and net sales of $446 million.
CI Financial Corp. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2009. For the quarter, the company reported pre-tax operating earnings of $143.7 million or $0.49 per share on net sales of $363 million compared to pre-tax operating earnings of $109.5 million or $0.39 per share on net sales in negative of $102 million for the same period of last year. EBITDA was $145.3 million compared to $126.1 million for the same period of last year. Adjusted EBITDA was $158.5 million compared to $125.2 million for the same period of last year. Earnings per share were $0.40 compared to $0.19 for the same period of last year. Earnings per share (adjusted) were $0.43 compared to $0.19 for the same period of last year. For the year, the company reported pre-tax operating earnings of $509.4 million or $1.01 per share on net sales of $1,451 million compared to pre-tax operating earnings of $546.2 million or $1.62 per share on net sales of $1,740 million for the same period of last year. EBITDA was $539.3 million compared to $638.6 million for the same period of last year. Adjusted EBITDA was $576.1 million compared to $618.0 million for the same period of last year. Earnings per share (adjusted) were $1.10 compared to $1.57 for the same period of last year. The Board of Directors declared monthly cash dividends of $0.06 per share payable on each of March 15, 2010, April 15, 2010 and May 14, 2010 to shareholders of record on March 2, 2010, March 31, 2010 and April 30, 2010, respectively. The monthly dividend represents a yield of 3.4% on CI's closing share price of $21.11 on February 22, 2010.
CI Financial Corp financial resources
CIFAF Competitors
| Company | Last | Change | |
| No competitor information is available for CIFAF. | |||
| Market data is delayed at least 15 minutes. | |||
Industry Analysis
| Valuation | CIFAF | Industry Range |
| Price/Earnings | 21.5x |
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| Price/Sales | 5.2x |
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| Price/Book | 3.9x |
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| Price/Cash Flow | 25.8x |
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| TEV/Sales | 4.6x |
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CIFAF |
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CIFAF transactions
| Type Date |
Target |
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Merger/Acquisition
October 26, 2009 |
Macquarie Private Wealth Inc. |