Q: I purchased Progressive Waste to get a dividend paying company that would be able to take advantage of the weak Canadian dollar. Since that time they have had some weak earnings and now are looking at possibly selling the company. With the bump in price I am now even on the name. Should I sell part or all of my position seeing as how my investment thesis doesn't seem to be playing out how I expected. Or would you wait and see how this plays out?
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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: In a response to a prior comment on this stock you mention how SJ anticipated "the upswing in the spending cycle" I guess for poles and ties. Your April report forecasts a 1 year Revenue growth of 10.4% vs 5 year growth of 25% p.a. and a more recent (Nov.) TD report of forecast 18% growth for 2016, which I can assume is partly extraordinary FX gains to date and partly acquisition based since Apr. What I wonder about is just how cyclical is this business and what a decline in the spending cycle of utilities and railroads might look like. TD forecasts only 7% YOY Revenue growth of 2017 vs 2016 but does not take into account any M&A activity. When was the last downturn in this business and how long did it last? I note they grew EPS in 2008/9 but were a much smaller outfit then. Thanks, J.
Q: Thoughts on currency hedging these days?
http://canadiancouchpotato.com/2015/02/04/stepping-back-from-the-hedge/
"McCreath sees the supply of oil as being the key determinant as to whether the Canadian loonie hits US$0.65, taking stocks down with it, or a perceived recovery of oil prices into 2017 enables Canada to outperform." Your thoughts and to What CDN companies do you like most that are US currency friendly? I will find it even harder to invest in good US stocks for 2016 (i.e. Disney, Costco, Monster Bev etc) since we'll lose out on the currency rate this year.
http://canadiancouchpotato.com/2015/02/04/stepping-back-from-the-hedge/
"McCreath sees the supply of oil as being the key determinant as to whether the Canadian loonie hits US$0.65, taking stocks down with it, or a perceived recovery of oil prices into 2017 enables Canada to outperform." Your thoughts and to What CDN companies do you like most that are US currency friendly? I will find it even harder to invest in good US stocks for 2016 (i.e. Disney, Costco, Monster Bev etc) since we'll lose out on the currency rate this year.
Q: Happy new year Peter and Ryan,
Looking to add a non cyclical consumer goods and was hoping to find it in your growth portfolio. Did i miss it as I couldn t find one.
Thank you and I look forward to your guidance through these troubled waters.
Looking to add a non cyclical consumer goods and was hoping to find it in your growth portfolio. Did i miss it as I couldn t find one.
Thank you and I look forward to your guidance through these troubled waters.
Q: 20 million shares shorted when you combine nasdaq shorts and tsx shorts out of a possible 96 million trading shares. time to run maybe another IT attack coming.
Q: After market close today,BIN stated Review of strategic alternatives to enhance shareholders value.In US,it was up $1.39 to 24.60 in after market.Your expert view please.Appreciate your usual great services & opinions. All the Best for 2016 to Peter,Ryan & all staff @ 5I
Q: I just saw Star Wars on its 3rd weekend . I paid $19.00 each for 4 IMAX tickets , plus concessions and there was barely an empty seat in the house . Given that, I find the almost 10% decline from $52 baffling. Is this a case of the hype baked in well in advance? Hits are never guaranteed so is it possible we will still see a Star Wars bump for CGX?
Q: Is Cipher a good deal at it's current price? Can you update us on your view of this company?
Q: I plan to transfer 500 Bns shares from my cash account to my TFSA account.
I withdrew funds from my TFSA in 2015 and wish to replace these funds .
The record dare for the dividend is Jan 5/16 . I plan to make my transfer on Jan6/16
My question is , first is my dividend safe and will the dividend get paid to my TFSA account which is my goal . The dividend payment date for Bns is January 27/16
Lastly can you tell me how the swings in the Canadian dollar affects the price of the stock . If th C dollar falls to .68 cents what effect will this have on the stock price .
Many thanks Richard
I withdrew funds from my TFSA in 2015 and wish to replace these funds .
The record dare for the dividend is Jan 5/16 . I plan to make my transfer on Jan6/16
My question is , first is my dividend safe and will the dividend get paid to my TFSA account which is my goal . The dividend payment date for Bns is January 27/16
Lastly can you tell me how the swings in the Canadian dollar affects the price of the stock . If th C dollar falls to .68 cents what effect will this have on the stock price .
Many thanks Richard
Q: Hi,
I currently own HCG as part of my "financial" stocks. It is currently at about 2% of my holdings. I also own BNS (4%) and SLF (4%) as part of my financials. My target for financials is 12% (max 3 stocks). I also own HR.UN in about the same weighting for REIT exposure.
At today's prices, would you suggest increasing HCG to a full position (4%), sell it and switch to something else (ie. EFN or CXI), or do nothing?
Thank you
I currently own HCG as part of my "financial" stocks. It is currently at about 2% of my holdings. I also own BNS (4%) and SLF (4%) as part of my financials. My target for financials is 12% (max 3 stocks). I also own HR.UN in about the same weighting for REIT exposure.
At today's prices, would you suggest increasing HCG to a full position (4%), sell it and switch to something else (ie. EFN or CXI), or do nothing?
Thank you
Q: Hi Peter and Staff
I know you are high on this stock and it's been a top pick in a few post replies for 2016. Globeinvestor shows a forward P/E of 8.37. What would you have and from where ?. At 8.37 it would seem to be a back up the truck buy?
Thanks for all you do and all the best for 2016
Dennis
I know you are high on this stock and it's been a top pick in a few post replies for 2016. Globeinvestor shows a forward P/E of 8.37. What would you have and from where ?. At 8.37 it would seem to be a back up the truck buy?
Thanks for all you do and all the best for 2016
Dennis
Q: We have done well with Enghouse - I company I would never have heard of without 5i. Thank you.
Our weighting in Enghouse has reached 8.3%. This is due to ESL's stock price increase plus the declines in Energy, Materials, Financial & Utility sectors. Is it time to reduce ESL's weighting to 7% or not sell and hope for a recovery in the other sectors? If I were to sell I would probably increase our weighting in MDA to 5% or open a 2% weighting in XTC or KXS.
Our weighting in Enghouse has reached 8.3%. This is due to ESL's stock price increase plus the declines in Energy, Materials, Financial & Utility sectors. Is it time to reduce ESL's weighting to 7% or not sell and hope for a recovery in the other sectors? If I were to sell I would probably increase our weighting in MDA to 5% or open a 2% weighting in XTC or KXS.
Q: Re: CONSTELLATION SOFTWARE INC UNSEC SUB FLTG RT S1 DUE 03/31/2040 INT 7.256 %
What is the schedule of payment of interest on this security? Is it still worth it for income?
Happy New Year to all at 5i,
Rick
What is the schedule of payment of interest on this security? Is it still worth it for income?
Happy New Year to all at 5i,
Rick
Q: What was the special dividend. Cannot find any info. on it. When is it payable? Thanks
Q: Hello Peter, for someone with an RRSP, a TFSA and a non-registered account, and who wants to invest in some higher risk stocks, I believe the TFSA is the place to do it. I trust you agree?
Last year, my higher risk pick for my TFSA was, sadly, Guestlogix. I'd like to improve my batting average and am considering CXI. Would you support this stock, at its current price, for a long-term TFSA hold? And could you please add a second choice.
Secondly, I'm trying to build a 'blue chip' portfolio in my non-registered account. So far, it holds TELUS and Enbridge. Can you suggest another two good choices for long-term holds?
Thanks always, and please dock me whatever number of questions is warranted. James
Last year, my higher risk pick for my TFSA was, sadly, Guestlogix. I'd like to improve my batting average and am considering CXI. Would you support this stock, at its current price, for a long-term TFSA hold? And could you please add a second choice.
Secondly, I'm trying to build a 'blue chip' portfolio in my non-registered account. So far, it holds TELUS and Enbridge. Can you suggest another two good choices for long-term holds?
Thanks always, and please dock me whatever number of questions is warranted. James
Q: Hello,
If already owned, at this point would you suggest adding more to the ENB position or add some (sector) diversification with other names?
If other name what are your top 2-3 preferences?
Thanks
Marios
If already owned, at this point would you suggest adding more to the ENB position or add some (sector) diversification with other names?
If other name what are your top 2-3 preferences?
Thanks
Marios
Q: Insider trading for SYZ shows an entry described as:
90 - Change in the nature of ownership
Can you explain what this means?
thank you
90 - Change in the nature of ownership
Can you explain what this means?
thank you
Q: Hello,
I wrote in recently about whether I should move SIS and SYZ from our non - registered account to my TFSA and my husband's TFSA on Jan 4th when we get the new contribution room, or keep it in non-registered. You suggested I move them to our TFSAs, as they are growth companies.
Jan 4th is only a few days away. SIS is only 2% above where I bought so I'll definitely transfer that, but SYZ is now up 30% (It was up only 10% at the time of my original question.) If I move it into my TFSA I will have to pay tax on the 30% gain. Then if it drops back I will lose money in the TFSA, but won't be able to claim the loss. I currently have a lot of stocks in my TFSA that are in a loss position (PHM, CXI, MG etc).
Does this recent gain change your opinion about me moving it or do you think that over the next few years it might go up to 20 or 30 dollars which makes the move to the TFSA worthwhile?
Carla
I wrote in recently about whether I should move SIS and SYZ from our non - registered account to my TFSA and my husband's TFSA on Jan 4th when we get the new contribution room, or keep it in non-registered. You suggested I move them to our TFSAs, as they are growth companies.
Jan 4th is only a few days away. SIS is only 2% above where I bought so I'll definitely transfer that, but SYZ is now up 30% (It was up only 10% at the time of my original question.) If I move it into my TFSA I will have to pay tax on the 30% gain. Then if it drops back I will lose money in the TFSA, but won't be able to claim the loss. I currently have a lot of stocks in my TFSA that are in a loss position (PHM, CXI, MG etc).
Does this recent gain change your opinion about me moving it or do you think that over the next few years it might go up to 20 or 30 dollars which makes the move to the TFSA worthwhile?
Carla
Q: I originally posted this in the markets forum but did not get any response. Perhaps it was inappropriate for that forum? Anyway I thought I would pose it as an official question.
I am trying to set up a little environmentally friendly “GREEN” investment portfolio. I would like to have ten Canadian (or traded on the Canadian markets) publicly traded stocks, I would like to avoid the power generators wind, solar and hydro and focus more on cleaning up the environment.
For example something like water purification or a bicycle manufacture would qualify.
I am having trouble identifying qualified companies. Either they are not available or my research methods are not effective.
So far I have identified the following four companies. And even then two are closely linked to oil production and are pretty shaky right now.
1. Questor (QST)
2. Newalta (NAL)
3. Lumenpulse(LMP)
4. Vitreous Glass (VCI)
I wonder if you can suggest additional companies or might have some tips to improve my research.
I am trying to set up a little environmentally friendly “GREEN” investment portfolio. I would like to have ten Canadian (or traded on the Canadian markets) publicly traded stocks, I would like to avoid the power generators wind, solar and hydro and focus more on cleaning up the environment.
For example something like water purification or a bicycle manufacture would qualify.
I am having trouble identifying qualified companies. Either they are not available or my research methods are not effective.
So far I have identified the following four companies. And even then two are closely linked to oil production and are pretty shaky right now.
1. Questor (QST)
2. Newalta (NAL)
3. Lumenpulse(LMP)
4. Vitreous Glass (VCI)
I wonder if you can suggest additional companies or might have some tips to improve my research.
Q: I know what something is worth is what someone is prepared to pay for it. However, Morguard seems to be a very good company, well run etc. Yet it trades well below asset value. I have seen previous answer but wonder what would be a catalyst to propel the share price higher. I am a long term holder but the stock has been in idle for quite some time. Thanks, Bill