Thomas Muir - CI Financial Independent Director
Director
Mr. Thomas P. Muir is Independent Director of CI Financial Corporationration Mr. Muir has over 35 years of experience in various accounting, investment banking and senior executive positions. He was CoManaging Director of Muir Detlefsen Associates Limited from September 2007 until March 2016. His prior positions include Executive VicePresident and Chief Financial Officer of Maple Leaf Foods Inc. and CoHead of the Investment Banking Group and Member of the Executive Committee at RBC Dominion Securities Inc. Mr. Muir is a Fellow, Chartered Professional Accountant and a Fellow, Chartered Business Valuator. Mr. Muir has a BComm from the University of Toronto since 2011.
| Age | 61 |
| Tenure | 13 years |
| Phone | 416-364-1145 |
| Web | http://www.cifinancial.com |
CI Financial Management Efficiency
The company has return on total asset (ROA) of 10.56 % which means that it generated a profit of $10.56 on every $100 spent on assets. This is normal as compared to the sector avarege. Similarly, it shows a return on equity (ROE) of 34.12 %, meaning that it generated $34.12 on every $100 dollars invested by stockholders. CI Financial's management efficiency ratios could be used to measure how well CI Financial manages its routine affairs as well as how well it operates its assets and liabilities.The company has accumulated 1.09 B in total debt with debt to equity ratio (D/E) of 1.33, which is about average as compared to similar companies. CI Financial Corp has a current ratio of 1.0, suggesting that it is in a questionable position to pay out its financial obligations in time and when they become due. Debt can assist CI Financial until it has trouble settling it off, either with new capital or with free cash flow. So, CI Financial's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like CI Financial Corp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for CIFAF to invest in growth at high rates of return. When we think about CI Financial's use of debt, we should always consider it together with cash and equity.
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Management Performance
| Return On Equity | 34.12 | |||
| Return On Asset | 10.56 |
CI Financial Corp Leadership Team
Elected by the shareholders, the CI Financial's board of directors comprises two types of representatives: CI Financial inside directors who are chosen from within the company, and outside directors, selected externally and held independent of CIFAF. The board's role is to monitor CI Financial's management team and ensure that shareholders' interests are well served. CI Financial's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, CI Financial's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Ronald Besse, Lead Independent Director | ||
| H Horner, Independent Director | ||
| Thomas Muir, Independent Director | ||
| Sonia Baxendale, Independent Director | ||
| Derek Green, CEO of CI Investments Inc and President of CI Investments Inc | ||
| William Holland, Executive Chairman | ||
| David Miller, Independent Director | ||
| STEVEN DONALD, President of Assante Wealth Management (Canada) Ltd. | ||
| David Pauli, COO, Executive Vice President | ||
| NEAL KERR, Senior Vice President - Institutional & Investment Management of CI Investments Inc. | ||
| Rohit Mehta, Executive Vice President | ||
| Paul Derksen, Independent Director | ||
| Sheila Murray, Executive VP, General Counsel and Secretary | ||
| William Butt, Director | ||
| Stephen MacPhail, CEO and President and Director | ||
| Paul Perrow, Independent Director | ||
| Brigette ChangAddorisio, Independent Director | ||
| Stephen Moore, Independent Director | ||
| Darie Urbanky, Executive Vice President | ||
| David Riddle, Independent Director | ||
| Douglas Jamieson, CFO and Executive VP | ||
| Winn Oughtred, Independent Director | ||
| Peter Anderson, Interim CEO |
CIFAF Stock Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right pink sheet is not an easy task. Is CI Financial a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
| Return On Equity | 34.12 | |||
| Return On Asset | 10.56 | |||
| Profit Margin | 25.87 % | |||
| Current Valuation | 2.66 B | |||
| Shares Outstanding | 210.6 M | |||
| Shares Owned By Insiders | 9.32 % | |||
| Shares Owned By Institutions | 44.88 % | |||
| Price To Earning | 8.56 X | |||
| Price To Book | 3.19 X | |||
| Price To Sales | 1.91 X |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards CI Financial in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, CI Financial's short interest history, or implied volatility extrapolated from CI Financial options trading.
Pair Trading with CI Financial
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if CI Financial position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in CI Financial will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to AmerisourceBergen could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AmerisourceBergen when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back AmerisourceBergen - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling AmerisourceBergen to buy it.
The correlation of AmerisourceBergen is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as AmerisourceBergen moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AmerisourceBergen moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for AmerisourceBergen can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. Note that the CI Financial Corp information on this page should be used as a complementary analysis to other CI Financial's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.
Other Consideration for investing in CIFAF Pink Sheet
If you are still planning to invest in CI Financial Corp check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the CI Financial's history and understand the potential risks before investing.
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