Q: I am looking at these two stocks for income and growth, 3-5 year hold. They are different sectors, and either one fits into my portfolio balance wise. ABT seems to be on a downward trend since it was your top pick, would you still recommend? Would you suggest a full position in one or the other, or half in each? Thanks as always.
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Investment Q&A
Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.
Q: Is it a cause for concern that the monthly dividend keeps slowly being reduced? We are at 6 cents a month now.
Q:
Hi 5I , Your thoughts and recommendations on Purpose ETFs symbols PID and PDF in a managed account. Or do you have other ETFs you would prefer instead. We are seniors late 70s.
Thanks MF
Hi 5I , Your thoughts and recommendations on Purpose ETFs symbols PID and PDF in a managed account. Or do you have other ETFs you would prefer instead. We are seniors late 70s.
Thanks MF
Q: I would appreciate your take on - The cracks in the Enbridge dividend story by David Milstead in the G&M dated Dec 3, 2017. Some of the key points in the article include (all CAPS from the article):
- ENBRIDGE EMPHASIZES 'AVAILABLE CASH FLOW FROM OPERATIONS' TO INVESTORS WHEN IT TALKS ABOUT THE SUSTAINABILITY OF ITS DIVIDEND. IN CALCULATING THIS MEASURE, IT IGNORES MOST OF ITS CAPITAL EXPENDITURES, DEDUCTING ONLY 'MAINTENANCE' CAPEX TO ARRIVE AT THE NUMBER. THAT HAS LEFT BILLIONS OF DOLLARS OF CAPEX OUT OF THE MEASURE OVER TIME. WHEN ALL OF THE COMPANY'S CAPITAL EXPENDITURES ARE DEDUCTED FROM OPERATING CASH FLOW, ENBRIDGE POSTS NEGATIVE FREE CASH FLOW IN NEARLY EVERY YEAR. STILL, THE COMPANY PAYS DIVIDENDS — AND ISSUES DEBT, AS WELL.
- For the third quarter, Enbridge reported $360-million in maintenance capital expenditures. Total capex was $1.95-billion. Depreciation, a measure of how much of the company's property, plant and equipment was "used up" in the period, was $848-million.
- In the last 10 years, from 2007 on, it was only in 2016 that Enbridge actually posted positive free cash flow, a paltry $83-million. The 10-year total is a staggering $24.1-billion in negative free cash flow. That's before paying out $7.4-billion in dividends. Perhaps not coincidentally, the company issued almost $25.6-billion in net debt over that decade. It now has $65-billion in debt on its books, including the tens of billions it took on in the merger with Spectra Energy Corp. this year.
- https://www.theglobeandmail.com/globe-investor/inside-the-market/the-cracks-in-the-enbridge-dividend-story/article37172663/
I would have expected that maintenance capex would be inline with the depreciation expense. Is Milstead highlighting one of the risks in ENB - ie., that the dividend is solid as long as the market has confidence in the Company and it can raise additional capital each year.
What mid/large-cap companies in this sector would you would recommend that have more conservative financials?
Thank you.
- ENBRIDGE EMPHASIZES 'AVAILABLE CASH FLOW FROM OPERATIONS' TO INVESTORS WHEN IT TALKS ABOUT THE SUSTAINABILITY OF ITS DIVIDEND. IN CALCULATING THIS MEASURE, IT IGNORES MOST OF ITS CAPITAL EXPENDITURES, DEDUCTING ONLY 'MAINTENANCE' CAPEX TO ARRIVE AT THE NUMBER. THAT HAS LEFT BILLIONS OF DOLLARS OF CAPEX OUT OF THE MEASURE OVER TIME. WHEN ALL OF THE COMPANY'S CAPITAL EXPENDITURES ARE DEDUCTED FROM OPERATING CASH FLOW, ENBRIDGE POSTS NEGATIVE FREE CASH FLOW IN NEARLY EVERY YEAR. STILL, THE COMPANY PAYS DIVIDENDS — AND ISSUES DEBT, AS WELL.
- For the third quarter, Enbridge reported $360-million in maintenance capital expenditures. Total capex was $1.95-billion. Depreciation, a measure of how much of the company's property, plant and equipment was "used up" in the period, was $848-million.
- In the last 10 years, from 2007 on, it was only in 2016 that Enbridge actually posted positive free cash flow, a paltry $83-million. The 10-year total is a staggering $24.1-billion in negative free cash flow. That's before paying out $7.4-billion in dividends. Perhaps not coincidentally, the company issued almost $25.6-billion in net debt over that decade. It now has $65-billion in debt on its books, including the tens of billions it took on in the merger with Spectra Energy Corp. this year.
- https://www.theglobeandmail.com/globe-investor/inside-the-market/the-cracks-in-the-enbridge-dividend-story/article37172663/
I would have expected that maintenance capex would be inline with the depreciation expense. Is Milstead highlighting one of the risks in ENB - ie., that the dividend is solid as long as the market has confidence in the Company and it can raise additional capital each year.
What mid/large-cap companies in this sector would you would recommend that have more conservative financials?
Thank you.
Q: Please comment on the David Milstead article in today's ROB. He claims that ENB shouldn't be paying a dividend.
Thanks
Frank
Thanks
Frank
Q: Would you be comfortable investing in this preferred share for income? Does it have a minimum guarantee dividend that is must pay?
Q: Would you be comfortable buying convertible debenture JE.DB.B for income? Are there any concerns that the company will not be able to meet its obligations when the debenture matures in 2018?
Q: Hi 5I Your thoughts & any information you could give regarding Sprott-Tec Private Credit Fund, and Sprott Bridging Income Fund LP. The funds if bought would be invested in a managed portfolio.We are seniors in our late 70s.
Thanks MF
Just renewed for another year.
Thanks MF
Just renewed for another year.
Q: Algonquin or Altagas for income for a long term (10 year) hold? Thanks for the great service!
Q: I am losing faith in this company. The "growth"stock continues to slide yet 5i continues to recommend it. Where is the disconnect? What am I missing?
Q: IS IT NORBORD A GOOD INVESTMENT FOR 2018
Q: I am seeking income and while these companies are very different and in different sectors can you advise me which would be the best and perhaps safest for income?
Q: Morning .. the re-vamp is great ... EIF issued debentures on Thursday to the tune of $70,000,000 and immediately increased it to $100 m .. can you explain whether the debentures are a positive thing and also is the rather sudden increase good news ? Markets seem to like this offering. Thanks for all you do.
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Cogeco Communications Inc. Subordinate Voting Shares (CCA)
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Cogeco Inc. Subordinate Voting Shares (CGO)
Q: Cogeco used to trade at a value less than cogeco communications but now that has reversed.
Why?
Why?
Q: Hi 5i Team -
The article today in the TOStar about putting pressure on tobacco has me wondering about the future prospects and dividends for MO. What do you think? p.s nice job on the website !
The article today in the TOStar about putting pressure on tobacco has me wondering about the future prospects and dividends for MO. What do you think? p.s nice job on the website !
Q: What should we make of yesterday's bought deal ? Is it time to initiate a position ?
Thank you
Thank you
Q: I have to cash in some of my RIF and wondering which company would be preferable to invest in. Both dividends seem to be safe with a good pay-out history.
Q: Though not in the Income Portfolio anymore, I am still holding EIF and EMA. Is it a good time to sell these and add others from the Income Portfolio or keep things as is?
Thank you
Stanley
Thank you
Stanley
Q: Has traded very poorly last couple of days on no news, and a healthy market. Anything you can see that would cause the pressure?
Q: Hi 5i,
We (senior investors and drawing from portfolios) have $173,000 in 2 TFSA accounts. We have $32,000 cash available in these accounts. Accounts currently hold AC, KXS, NFI, PHO, SIS, SHOP, and fixed income XBB and XHY. What would you suggest I look at to add to this mix at this time for long term holds. No cash is drawn from either TFSA .
Best Regards,
Ted
We (senior investors and drawing from portfolios) have $173,000 in 2 TFSA accounts. We have $32,000 cash available in these accounts. Accounts currently hold AC, KXS, NFI, PHO, SIS, SHOP, and fixed income XBB and XHY. What would you suggest I look at to add to this mix at this time for long term holds. No cash is drawn from either TFSA .
Best Regards,
Ted