CI Financial Corp
CIX: XTSE (CAN)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
CAD 18.00 | Kknw | Xqyq |
CI Financial Earnings: Reported Results Continue to Look Worse Than Adjusted Results
There was little in narrow-moat CI Financial's first-quarter operating results that would alter our long-term view of the firm. We expect to leave our CAD 16 fair value estimate in place. Even with the May 10 downturn following the earnings release, we view the shares as being only slightly undervalued.