(1888PressRelease)
April 30, 2009 - Mira, Portugal – SADIF Investment Analytics SA, today announced the release of a new equity research report covering IGM Financial Inc (IGM). The report utilizes SADIF's powerful StockMarks™ stock rating system and is required reading for any current or potential IGM Financial Inc investor.
Report Summary: Canadian mutual fund manager IGM Financial reports first quarter 2009 results on May 1st. The company's stock has outperformed the broader TSX Composite index over the past year, dropping 23% compared to the 33% decline in the index since the end of April 2008. IGM saw a steep decline in its business in the fourth quarter of 2008, with adjusted net income falling 36% compared to the fourth quarter of 2007. Sales dropped and redemption rates for the company's mutual funds rose across all segments, including long-term funds. This caused a reduction in total assets under management by more than 17%.This level has held steady through to the end of March, with the company's monthly mutual fund sales and assets under management announcement revealing a 16.9% drop in assets under management compared to March 2008.
However, with signs of recovery circling the markets, IGM may stand to gain from a revival of investor confidence in the equity markets over the long-term. In order to assess IGM Financial shares as a long-term investment, we should focus on the company's long-term underlying fundamentals. We can assess IGM Financial's fundamentals through the use of the StockMarks framework. IGM Financial currently has an overall long-term investment-attractiveness rating (Total StockMark or SMT) of 53, rating the company in line with the Canadian market average. This rating places IGM Financial third among nine of the company's closest Canadian-listed peers, selected on the basis of similarity of business, market positioning factors such as size and share comparisons.
The complete report breaks down the Total StockMark into its three components – business, management and price, performing a thorough analysis of IGM Financial Inc for long-term investors.
A summary of the StockMarks™ ratings for IGM Financial Inc is available here:
http://sadifanalytics.com/stockmarks/company.php?ticker=IGM&cod_country=18
The report has been distributed to Reuters, and forwarded to Yahoo Finance and FT.com. It is available under 'Analyst Reports' from these websites, from multiple professional platforms including Reuters Knowledge, TheMarkets.com and Thomson Research or directly from SADIF-Investment Analytics SA at:
http://sadifanalytics.com/stockmarks/article/hist_article.php?cod_country=18
About SADIF-Investment Analytics SA:
SADIF-Investment Analytics SA is an independent investment research company covering sixteen different markets and over 12,000 companies. The StockMarks™ system is based on proven investment principles and is designed to drive long-term shareholder returns.
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