The wise investor |  The founder of Fiera sells a block of shares

The wise investor | The founder of Fiera sells a block of shares

Every Sunday, we highlight financial and stock market news that may be useful to the investor, but may have gone unnoticed.

Posted at 7:00 am

richard dufour

richard dufour

The founder and executive chairman of the board of directors of Fiera Capital this week sold $1.3 million worth of shares in the Montreal asset manager.

Jean-Guy Desjardins sold a block of 135,588 shares on Tuesday. He got a unit price of $9.25. The transaction was made for estate planning purposes.

Though Cogeco apparently not involved in the series of developments surrounding the possible sale of Freedom Mobile/Shaw Wireless, Canaccord analyst Aravinda Galappatthige argues that it is not “unrealistic” to believe that Cogeco could play a role in this case in the context of, for example, a joint venture. The (spectrum) licenses held by Cogeco, in the Toronto area in particular, could make Cogeco a “valuable partner” for Freedom’s eventual acquirer, according to him.

“Whether there is a recession or not, it doesn’t matter much when you have solid long-term companies, because they take advantage of recessions to strengthen themselves against their competitors,” stresses portfolio manager Stéphane Préfontaine, of the firm Préfontaine. Capital, in its quarterly letter published this week.

“More significant is whether or not there will be a multi-year period of stagflation, like in the 1970s. No one can answer that with a sufficient degree of certainty to be useful. »

Down nearly 40% from its peak last year, the market capitalization of wake jones today reached 2,000 million, and the analyst Maxim Sytchev, from the Financière Banque Nationale, wonders if the closure of the capital is possible. In a memo released midweek, he floats the idea of ​​a management buyout (management purchase) with the support, for example, of a pension fund.

National Bank Financial on Thursday withdrew its buy suggestion on shares of Cogeco Communications. Analyst Adam Shine believes that shares of the Quebec telecommunications company look cheap, but that opportunities are more attractive elsewhere in the sector. Fiscal year 2023 could be another transition year, he said. Now there are only 4 analysts out of 10 to suggest buying.

Short-term challenges in air transportation have created an opportunity to buy shares ofair canada, according to Matthew Lee, in Canaccord, and now recommends the stock of the Montreal company. In a note published on Tuesday, this analyst points out that the stock’s recent decline is overdone and that investors with a long-term horizon will be rewarded. Eleven of the 15 analysts who follow the stock now suggest buying.

The Montreal Franchisor Business Model MTY it’s largely acquisition-based, and CIBC experts say they don’t expect any by the end of the year. Another analyst warns that consumers should be expected to spend less by the end of the year in the current economic environment. This is particularly why TD’s Derek Lessard believes the stock may range in price in the short term.

The Montreal Biopharmaceutical Company Teratechnologies released promising study results this week and announced that it has secured funding to support the continuation of its clinical trials in oncology.

The threat of a future drop in gasoline sales is “real” in Couche-Tard as people turn to electric vehicles, Palos Management notes in its weekly financial letter.

“However, the 15-30 minute period required to recharge a battery should mean that EV owners spend more time inside stores. This is an opportunity to improve product offerings, offer a better shopping experience, or add fast food or services that don’t work in the traditional convenience store model,” says Palos.

Moody’s on Friday raised the valuation of Bombing noting in particular the progress made by the Montreal-based business jet manufacturer in reducing debt and improving its financial performance.

Credit-Suisse on Monday withdrew its buy recommendation on the Quebec renewable energy producer. boralex.

The Quebec titles of Gildan, Cogeco, good food, Bombing, Lassonde, Teratechnologies, Guru, mdf trade, transaction, Dorel Y New all hit a new 52-week low on the Toronto Stock Exchange this week.

Instead, those ofUni-Select Y Molson Coors hit a 52-week high for the week.

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