Principles Of Investments
The Current P/E Ratio Is 12.72
I do not own shares in this company (TSX-GS). I started to follow the corporation after I read articles by Jennifer Dowty this year 2010 about stocks that pay not only dividends but special dividends too. There are certainly two classes of stocks, Multiple Voting shares, and Subordinate voting shares. The ones sold on the TSX, are, of course, the subordinate voting stocks. Insiders have a mix of both, but they do have the multi-voting shares.
So insiders have control of this company. Interestingly, there are insider buying and no insider selling on the insider trading report. The ongoing company has options as well as Restricted Talk about Products and Restricted Talk about Products, that are an option like vehicles. It is only the CEO and officers who’ve multi-voting shares.
186M. Insiders have a lot invested in this company. There are a few 30 institutions holding some 27% of the outstanding stock. Within the last 3 months they have reduced their shares by less than 1%, which means this does not tell us much. 1.16. A P/E Ratio of 12.72 is acceptable completely.
14.75. This low P/GP Percentage would suggest a relatively low stock price relatively. The 10-year Price/Book Value Ratio is 8.50. The existing P/B Ratio is 5.79 a proportion that is only 68% of the 10-year median ratio. This relatively low P/B Ratio suggests a relatively low stock price.
However, a P/B Ratio of 5.79 is not a low percentage on an absolute basis. The current dividend yield is 4.75% and the 5-season median dividend produce is merely 2.74%. The current dividend yield is some 73% greater than the 5 season dividend yield and suggests a relatively low stock price. Also, a dividend produce of 4.75% is an excellent dividend produce.
When I look at the analysts’ recommendations, I find Strong Buy, Buy, Hold, and Underperform recommendations. The consensus suggestion will be a Buy. 17.60. Therefore, a total return of 24.07% with 19.32% via capital gain and 4.75% via dividends. One analyst with a Buy recommendation felt that company has a good balance sheet and an attractive dividend plan.
I agree that it can have a solid balance sheet and dividends are good. However, income must pick up for this dividend policy to continue and the company has not yet proven that it can do that. The experts I viewed certainly believe that earnings will grab. One analyst with a strong buy recommendation says he still believes in this company.
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However, he did mention that Assets under Management has been dropping. Several analysts have pointed out that you paid around a 5% dividend to wait for better times. And an interesting article by David Rosenberg of Gluskin Sheff says that he believes analyst quotes of earnings this season is too optimistic. See article in the Pragmatic Capitalist blog. There is absolutely no question that there are a number of very smart people running this ongoing company.
I believe that money can usually be produced from investment companies. However, they are a down economy for investment companies and I would like to see some improvement in both profits and resources under management before I’d be interested. The Globe & Mail has an interesting article about this company called Gluskin Sheff can’t use of industry rut.
They cannot grow their Assets under Management. This paper has another interesting article discussing insider trading also. Some insiders were said by it were offering, but the Chief investment officer William Webb was buying. Gluskin Sheff is an independent investment firm that handles portfolios for high net-worth individuals and institutional clients. Its website is Gluskin Sheff here. See my spreadsheet at gs.htm. This website is intended for educational purposes only, and it is never to provide investment advice. Prior to making any investment decision, you should always do your own research or consult an investment professional. See my website for stocks followed and investment notes. Follow me on tweets.