TMXXF - TMX Group Trades At An Unwarranted Discount
[Please note that all currency references are to Canadian dollar except if indicated otherwise.]
TMX Group Limited ([[TMXXF]]; Financial Services; Shares outstanding: 55.8 million; Market cap: $4.7 billion; www.tmx.com) is an operator of public trading platforms and provider of ancillary services; the company is headquartered in Toronto, Canada. TMX commenced trading on the Toronto stock exchange in its current form in September 2012 but its origins can be traced back more than a century.
The company has made substantial progress in improving its business since the appointment of a new CEO in late