Investment Q&A

• Stingray Group Inc. Subordinate Voting Shares (RAY.A $9.89)
  • $9.89 P/E (TTM): 14.91X Cap: $671M
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Q: Would appreciate your comments on Stingray 2nd quarter results. Is it worth continuing to hold? Was their any discussion in the conference call of taking the company private? Thanks

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Read Answer Asked by Gordon on August 05, 2020

• Enbridge Inc. (ENB $66.01)
  • $66.01 P/E (TTM): 23.44X Cap: $144.66B
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• TC Energy Corporation (TRP $70.40)
  • $70.40 P/E (TTM): 17.55X Cap: $73.58B
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Q: I've owned both these for over 11 years now and have been very happy with net returns (dividend compounding + capital). Not overweight at all: 1300 shares of each - added to over the years on weakness. My concern is the hysteria over climate change and governments actions and potential actions that have hurt O & G companies. I believe that both these companies have large investments in utility businesses and plans to expand that part of their business. Q: should I continue to hold them, add to ENB (price low), or leave my positions alone.

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Read Answer Asked by James on August 05, 2020

• Alaris Equity Partners Income Trust (AD.UN $18.68)
  • $18.68 P/E (TTM): 6.08X Cap: $865M
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Q: In regards to my vote for Alaris converting to an income trust amoungst other matters. In your opinion, what would be in the share holders best interest. I hold my shares in an unregistered account. Could move them in kind to a tfsa or rsp account though.

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Read Answer Asked by Anthony on August 05, 2020

• AltaGas Ltd. (ALA $41.45)
  • $41.45 P/E (TTM): 16.07X Cap: $12.61B
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• TransAlta Corporation (TA $16.85)
  • $16.85 Cap: $4.96B
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Q: Could you comment on the latest earnings and provide outlooks. Will you say that both will follow the Canadian utilities index?
Thanks

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Read Answer Asked by Daniel on August 05, 2020

• Pembina Pipeline Corporation (PPL $52.38)
  • $52.38 P/E (TTM): 17.75X Cap: $30.58B
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Q: Hi 5i guys,

RE: Capital loss .. attribution rules .. taxable account.

Am underwater on PPL and am considering selling at a loss and buying a similiar company in the sector i.e. ENB or TRP.
Is this allowed for CRA purposes ?
Thanks as alway,
Steve

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Read Answer Asked by STEVEN on August 04, 2020

• Fortis Inc. (FTS $69.59)
  • $69.59 P/E (TTM): 20.77X Cap: $35.27B
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• Algonquin Power & Utilities Corp. (AQN $8.02)
  • $8.02 Cap: $6.17B
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• Brookfield Renewable Partners L.P. Limited Partnership Units (BEP $25.09)
  • $25.09 Cap: $16.71B
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Q: If my first objective is capital appreciation, how would you rank these three? Second question, my perception is that FTS isn't as "renewable" compared to BEP and AQN. How would you compare FTS to the other two in this regard?
Thanks.

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Read Answer Asked by Albert on August 04, 2020

• Exchange Income Corporation (EIF $72.89)
  • $72.89 P/E (TTM): 28.54X Cap: $3.78B
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Q: Just curious as to your opinion about the acquisition. It is purportedly immediately acretious and seems like a good fit for them, yet EIF is down on a generally up day.
Thanks!
Paul K.

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Read Answer Asked by Paul on August 04, 2020

• TransAlta Renewables Inc. (RNW $12.48)
  • $12.48 P/E (TTM): 45.91X Cap: $3.33B
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Q: What do you make of Trans Alta Renewables? It has a payout ratio of 235%, Profit Margin of 25%, and ROE of 5%. It is funding a lot of new projects with debt.

Operation’s are in Canada, US, and Australia.

Thanks

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Read Answer Asked by David M. on August 04, 2020

• Enbridge Inc. (ENB $66.01)
  • $66.01 P/E (TTM): 23.44X Cap: $144.66B
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• TC Energy Corporation (TRP $70.40)
  • $70.40 P/E (TTM): 17.55X Cap: $73.58B
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Q: Hi, would you consider TRP overall less risk than ENB given it pipes more natural gas than oil and it has less growth projects and therefore execution risk?

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Read Answer Asked by Gary on August 04, 2020

• Air Canada Voting and Variable Voting Shares (AC $19.67)
  • $19.67 P/E (TTM): 5.26X Cap: $5.86B
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Q: Hello 5i,
Could you give me your long term analysis of Air Canada, it’s Covid response and where it should be in 5 -10 years.
Cheers,
Rick

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Read Answer Asked by Rick on August 04, 2020

• Air Canada Voting and Variable Voting Shares (AC $19.67)
  • $19.67 P/E (TTM): 5.26X Cap: $5.86B
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Q: Hi 5i,

Can you provide your assessment of AC's 2nd quarter results.

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Read Answer Asked by Vinod on August 04, 2020

• Toronto-Dominion Bank (The) (TD $102.28)
  • $102.28 P/E (TTM): 10.49X Cap: $177.20B
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• Bank of Nova Scotia (The) (BNS $79.53)
  • $79.53 P/E (TTM): 16.5X Cap: $99.27B
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Q: I have some cash to deploy in RRSP and wonder if now would be a good time to go a little overweight on these banks. The prices look good to me but are they really being undervalued or is the real impact of the pandemic on banks going to be bad.

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Read Answer Asked by David on August 04, 2020

• BCE Inc. (BCE $34.98)
  • $34.98 P/E (TTM): 77.65X Cap: $32.86B
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Q: What does SpaceX and Starling mean for Bell and Rogers?

Thx
John

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Read Answer Asked by john on August 04, 2020

• Brookfield Renewable Partners L.P. (BEP.UN $34.85)
  • $34.85 Cap: $23.13B
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Q: I purchased BEP.UN on July 30, 2020. On that day, the CFRA report available through my bank's investorline site had it down as a 'hold'. Then, the next day (July 31st ), CFRA had it down as a 'buy' and then on Aug 2nd as a 'sell'. I usually sell when CFRA advises to sell. My questions are:
1) How can CFRA ratings change this quickly?
2) How reliable are CFRAs ratings?
3) Should I sell?
Thanks for your help

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Read Answer Asked by Mary on August 04, 2020

• Primo Water Corporation (PRMW $37.40)
  • $37.40 P/E (TTM): 15.23X Cap: $5.99B
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Q: Good morning folks. What are the anticipated earnings expected on upcoming release?
Are earnings expected to increase over the next year.? What will the driver of any increase in earnings over the next year?
Thank you kind people

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Read Answer Asked by Alan on August 04, 2020

• Maple Leaf Foods Inc. (MFI $35.61)
  • $35.61 P/E (TTM): 25.1X Cap: $4.42B
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Q: What are your thoughts on Maple Leaf Foods? Would you buy, hold or sell?

Thank you

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Read Answer Asked by Donna on July 31, 2020

• Capital Power Corporation (CPX $58.57)
  • $58.57 P/E (TTM): 18.5X Cap: $9.14B
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Q: Hi, could you please comment on CPX’s earnings and dividend increase. Was the increase necessary or prudent given an already elevated dividend yield. Was CPX’s earnings/ outlook that good?

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Read Answer Asked by Gary on July 31, 2020

• Cineplex Inc. (CGX $11.48)
  • $11.48 Cap: $679M
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Q: You've previously stated that CGX presents too much risk given its current debt load.

Given the recent ruling that they can open again with up to 50 patrons per screen (believe previous plan was 50 max per theatre) and Canada's success in controlling the virus, would you give them a 2nd look?

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Read Answer Asked by Tom on July 31, 2020

• Keyera Corp. (KEY $45.38)
  • $45.38 P/E (TTM): 19.01X Cap: $10.41B
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Q: Could I have your opinion on Keyera. Is it a buy now and is the dividend safe.

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Read Answer Asked by John on July 31, 2020

• Enbridge Inc. (ENB $66.01)
  • $66.01 P/E (TTM): 23.44X Cap: $144.66B
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• Pembina Pipeline Corporation (PPL $52.38)
  • $52.38 P/E (TTM): 17.75X Cap: $30.58B
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Q: Is the PPL dividend reasonably safe? Which dividend is safer ENB or PPL?
Appreciate your service.

Howard

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Read Answer Asked by Howard on July 31, 2020