Q: I have a question about 1123
5i Research Answer:
Without seeing a specific question we will just be brief. AGF is very cheap at 6X earnings, with a 5.9% dividend. The dividend was raised in March. With industry trends and lower fees, earnings growth is very low here, and the stock, while up 31% in a year, is half the level it was a decade ago. The last quarter missed expectations and we do find it interesting, even as an income stock.