CGIP Celadon Group Inc (CE)

EDISON EQUITY RESEARCH: CANADIAN GENERAL INVESTMENTS - SELECTIVE, DIVERSIFIED CANADIAN FUND

Canadian General Investments (CGI) sets out to provide an actively managed, balanced Canadian portfolio. The Canadian economy demonstrated relative stability through the financial crisis and has moved back into growth following an oil-related hiatus in the first half. CGI hasoutperformed its benchmark over one, three and five years. Combining this with the modest ratings commanded by Canadian stocks compared with the US market, CGI’s yield of nearly 3% (excluding any special dividend) and a price to NAV discount of more than 25% suggests an interesting proposition for investors

The share price discount to NAV of over 25% is modestly below its average over three and five years, but remains wide in absolute terms. Based on the 2015 regular dividend the yield is nearly 3.0%

To view our full report, please click here

Click here to view all of Edison Investment Research’s published reports