Interest rates have really helped clearly but seems like they have made some nice moves ...2021 acquisition of 40,000 accounts from community/Computershare Trust right before rates went up... relaunching the CSS and increasing mortgage loan originations
Also from what I read they are the dominant player in Canada for alternative investments (growing) by a large margin is this true and why are there no other players in this? Noted that TMX Group and Western Pacifc are the only other options in Canada for these investments.
Sharecount has seemed stable for close to 10 years down 90,000 shares.
Any other thoughts?
The alternative space remains 'niche' and OLY has done a good job. But there is plenty of competition and it is a growing area for most companies. We have not personally met management here but admire what they have accomplished. We also like the very high insider ownership position, to align management with shareholders. OLY has only made three acquisitions in the past five years, but they have been successful. The stock is cheap and we like the capital return strategy to shareholders (increasing dividends). It is a quiet, well-run company that only has one analyst (sort of: Fundamental Research) that goes about its business and executes very well. Thin trading and its small size are turn offs for large investors, but we think it looks solid for individual investors where liquidity is not a concern.