Q: Good Morning,
Thank you for starting 5i Research. I will be a loyal subscriber for many years to come. My question is regarding Guardian Capital Group.(GCG.A) From a valuation perspective it looks cheap. The securities holdings alone are worth the market cap and debt. What would someone interested in the asset management business only (they have $16 Billion AUM) pay for the operating business ??? Thanks, DL
Thank you for starting 5i Research. I will be a loyal subscriber for many years to come. My question is regarding Guardian Capital Group.(GCG.A) From a valuation perspective it looks cheap. The securities holdings alone are worth the market cap and debt. What would someone interested in the asset management business only (they have $16 Billion AUM) pay for the operating business ??? Thanks, DL