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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: Great Canadian Gaming is now down 10% in the last three days. Could you explain this to me? I get that there was a story about money laundering in BC casinos. But these stories have been around for years and no illegality on the part of GC is even suggested. As I understand it, the fear is VIPs, primarily from oversees, are buying chips with bags of cash, and then, later, cashing out the chips. GC reports these as it is obligated to do but is under no legal obligation to do anything further. If the government decides to change the laws to stop them accepting bundles of cash is that going to cost them a lot of profit somehow? I don't think they're making anything if people buy chips then cash them out again.
Read Answer Asked by John on September 26, 2017
Q: Hello, I am interested in a comparison of GC and TSGI. I own TSGI, and I am comfortable with it, but now that you have put it into the BE I am wondering if I should sell half and take a position in GC, or sell all of TSGI and take a position in GC with the proceeds.
Thank you.
Read Answer Asked by Gordon on September 25, 2017
Q: Hi I have held this stock for about three years so am up about 20%. I understand this type of company is often valued based on net asset valu or book value. . If that is the case it is very undervalued. Is this the case of a great company but just an ok stock? Should I continue to own(sector allocation is not an issue).and if not anything else in the sector you prefer?. Thank you. Bill
Read Answer Asked by Bill on September 22, 2017
Q: Does the price of this debenture rise and fall with demand only. What are the other factors that would negatively affect this bond. When you say it can be redeemed in 2020 I assume this is by the company. (What are the terms of redemption) If you redeem at any other period I assume it is traded as any other security. I called TD but they were not able to provide me with any real info. The current price is $117.00 does that include paying the seller the interest payment since inception and the rest represents supply and demand? How could this debenture be seriously negatively affected? Thanks so much.
Read Answer Asked by Maureen on September 21, 2017