3 Top Stocks I’d Buy With an Extra $15,000 | The Motley Fool Canada: "CI Financial Corp. (TSX:CIX) is one of the largest investment fund companies in Canada.
At today’s levels, its stock trades at just 15.4 times fiscal 2015’s estimated earnings per share of $2.03 and only 14.1 times fiscal 2016’s estimated earnings per share of $2.21, both of which are inexpensive compared with its five-year average price-to-earnings multiple of 19.4 and its industry average multiple of 44.1.
I think CI Financial’s stock could consistently trade at a fair multiple of about 18, which would place its shares upwards of $39 by the conclusion of fiscal 2016, representing upside of more than 24% from today’s levels.
In addition, the company pays a monthly dividend of $0.11 per share, or $1.32 per share annually, giving its stock a 4.2% yield."
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