Q: Another US question, completely understand if it's just too far from your area, but if you're able to provide some information, I'd really appreciate it.
Legg Mason was covered in this weekend’s roundtable of Barron’s. Stock didn’t move in the 2 days after the article, but made a big move today on news that its biggest shareholder (10% holding) is taking 2 board seats.
As of two days ago, at a lower price, it traded @ .4 to book, had a 10x projected forward PE, keeps reducing its shares outstanding. Expected to earn 2.30 / 3.10 in 2017 / 18. Focus on cost-cutting is producing the better profit, it has been reported.
It also has an arm that focuses on private equity. It was pushed by Brian Rogers, and also owned by Mario Gabelli - also part of the Barron’s roundtable committee.
Usually things can jump on a Barron’s mention, but this one didn’t. I realize it’s an asset manager in an etf world, but is there still value in this - though a huge jump today may have negated some of the upside. Thanks
Legg Mason was covered in this weekend’s roundtable of Barron’s. Stock didn’t move in the 2 days after the article, but made a big move today on news that its biggest shareholder (10% holding) is taking 2 board seats.
As of two days ago, at a lower price, it traded @ .4 to book, had a 10x projected forward PE, keeps reducing its shares outstanding. Expected to earn 2.30 / 3.10 in 2017 / 18. Focus on cost-cutting is producing the better profit, it has been reported.
It also has an arm that focuses on private equity. It was pushed by Brian Rogers, and also owned by Mario Gabelli - also part of the Barron’s roundtable committee.
Usually things can jump on a Barron’s mention, but this one didn’t. I realize it’s an asset manager in an etf world, but is there still value in this - though a huge jump today may have negated some of the upside. Thanks
Q: Another big announcement for Lingo Media with a global distribution partner. Is this now a reasonable speculative addition to a small cap portfolio? I bought a little after their last announcement and would like to fill the position. I'm assuming these deals could drive substantial sales growth going forward which seemed to be one of your reservations on the stock (~high P/S ratio)
Thanks
Thanks
Q: I have been following this small cap for a few weeks, Market Cap is less than $25million, revenue $4.8mm, Earning .08 per share. Business has some very positive present and future high lights and although their business focus is latin America, just wondering with the influx of refuges to Canada if they may have a niche market.
Just wondering if Peter and your team, have heard any chatter from Bay street, and what your thoughts and opinion might be going forward say for 6-12 months out.
Thanks and Cheers to all of 5i employees during this Festive Season.
Just wondering if Peter and your team, have heard any chatter from Bay street, and what your thoughts and opinion might be going forward say for 6-12 months out.
Thanks and Cheers to all of 5i employees during this Festive Season.