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The Company is an independent global investment manager, dedicated to helping people worldwide build its financial security.
It is undervalued given its mid double digit growth rate and is well positioned on both the active and passive side of investment management. They generate strong cash flows and pay a decent dividend that has been growing rapidly.
joker in time
look out. i think we are at the beginning of the return. jobs are there. just have to fill those positions. even if it means you have to move
My Two Reason are, First is with a company like this, it's not make the rigght choicefor thier shareholders, bringing not eought grow or buying other company make a perfect opportunity for a buy.Secound is IVZ has a Drip Plan, not many know about IVZ is a buy right now at this price for there share's, so it's a buy.
find myself attracted to their etfs. NO doubt others will be too.
With new leadership at the helm and some of the top leaders no longer there to undermine the company, it will outperform previous past, cleaning up all past problems. Steamlining the company globally has lead to new, better and more efficient accounting, protocol and offerings to shareholders. Will increase my buying of stock.
Turnaround situation. Performance and flows are improving. Significant opportunity to reduce costs by intergrating many functions that were run independently before due to holding company structure/attitude. CEO helped Franklin Resources improve their performance when he was co-CEO there. Valuation is cheap relative to US and UK peers. Opportunity for re-valuation when mgmt decides to relist in US since US asset managers have higher valuation than in UK. Listing in US could happen in 2008 since 50% of owners should be US based by then, which would require full SEC filings (major incentive to list in US to avoid additional costs)
my favorites last pick
AMVESCAP is one of the world largest independent asset mangers, operating with well-established brands in the investment space. It looks like a reinvigorated giant, full of life under the new leadership and has a good asset base, well diversified, spanning across all asset class, customer segments and geographies.Though in the recent past, it had taken a beating with poor investment returns, decreasing margins, tarnished image and costly legal settlements, things are slowly changing from the recent quarter. AMVESCAP finished the year 2006 with assets under management (AUM) up 23.9% at $717 billion wholly attributed to market appreciation, acquisitions and foreign currency gains. The trend has been a gradual shift towards equity component from debt, serving more non-U.S. domicile clients as well as alternative investments stealing the spotlight. The management is very much focused on cutting cost. Endorsing the same, it is consolidating its back office operations and reducing layer of decision-making process. Resorting to global human talent and relocation of jobs to low cost destinations like India and Canada would help it drive margins. Moreover it is consolidating its North American operations and re-branding itself as IVESCO. The company is very bullish on the exchange traded fund segment (ETF) for which it has acquired Power Share Capital Management. Power Share has recently floated three new ETF in American Stock Exchange and has been selected by NASDAQ to sponsor its ETF from 2007, currently pending approval from Securities Exchange Commission. The private equity boutique WL Ross and Co seems to gain from the current growing global economy, robust corporate earning and positive signs like U.S capital market indices touching the all time high.AMVESCAP is trading attractively, with a lower price to earning ratio among its peer groups, given its excellent profile after restructuring with a good asset mix and prospects steered by an excellent management.
Based on IBD top stocks
turnaround company in investments, industry cycle is good
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