Investment Q&A

Q: Hello, could I get your analysis of Capstones 2015 Q3 results and if they may have the makings of a better 2016. Thanks

Q: Hi,
Could you expand on how foreign exchange is such a negative issue for Amaya in its recent report and outlook.
Thanks

Q: Nov.10 th 5i indicated the weak cdn dollar would be a net positive for AYA
earnings. What happened? Seems like Aya said the exact opposite.

Q: Whats your opinions on the quarter , distribution increase 9% and same store sale were positive.

thanks

Q: Hi
Any idea why BCI took a hit today. I thought their quarterly results were fine. Thankyou

Q: This stock has done really well lately, would you continue to hold or replace with a similar stock in the same sector? thanks

Q: I don't have any agriculture exposure yet and was looking at AFN. It's dividend yield is currently at 7.9%, can you tell me what the payout ratio is and your thoughts on the possibility of the dividend being cut. It reports on Friday and will possibly take a position at that time. Thanks again

Q: hey Peter & Team,

Tired of answering questions about this one? To be honest, I'm tired of hanging on to it while waiting for Fernandes to stop alienating his Management Team and continuously offering excuses to his shareholders.

As of today, I am a little over 50% in the red. It reports in a little over a week and despite my fully understanding your advice to never trade on report speculation, I can't help but feel we are going to hear more of the same.... spending for the future blah blah blah.

Please provide your advice... I am seriously considering sell AVO, eat the loss and replace it with FirstService Corp.

Good idea? Bad idea? Will a rate hike hurt FSV? Any others you would recommend for me to look at?

Presently, AVO is 4% of my holdings and I do not have anything in the Real Estate Sector.

ps... I must admit being a bit nervous of Canadian Real Estate at this time.

Thanks for all you do

Gord

Q: Just a quick comment regarding AYA and the reaction to them prepositioning to possibly issue equity in the future: remember, the last time they issued equity they did it at a 100% premium to the price the common stock had been trading at the 5 days prior to the Pokerstars deal.

Just some food for thought. If they issue equity, it may be a really good deal and accretive to existing shareholders like last time.

Q: Could you please clarify an answer regarding Amaya? You said that "It has paid down debt and bought back shares". But higher you said they are financing 3 billion (emitting shares). Are they emitting shares or buying them back? Thanks.

Q: Will you be changing your b+ rating of Amaya.

Q: With the steep drop in Amaya today, is it the right time to accumulate more shares?

Q: Hi Peter! AYA is taking a huge hit this morning. Are the results/guidance really that disapointing? What his your opinion going forward?

Q: Does Amaya's earnings report really deserve a 26% beat-down? Looking at the numbers, I would have though 12% would be a big hit. Why is this thing getting pounded so hard?

Q: The stock is down 30% today, do you consider it a buy, hold, or sell after the 3Q results release? This was supposed to be a growth stock (same as AVO, PHM, CXR, etc.) but it looks like the corporate guidance does point this way...

Q: your take on amayas earnings. dave

Q: Ciniplex just reported earnings. How do they look?

Q: When does Currency exchange's earning come out and what are the estimates for earnings.
Thanks, Darcy

Q: Would appreciate your thoughts on Bloomberg's article about BNS pursuing higher risk strategies to increase profitability. Thanks.

http://www.bloomberg.com/news/articles/2015-11-09/canada-s-bank-of-no-surprises-turns-heads-with-risk-surge

Q: I am down 53% with NewAlta which I have always considered to be an excellent investment. I am heavily overweight in the oil and gas sector, with SGY, HSE and WCP forming approx 43% of my portfolio. I believe in an eventual recovery and do not need to draw on the portfolio within the next five years. I have found myself in this overweight position being drawn by the high dividends. NAL is my only service industry holding, and I am more inclined to double down rather than sell. I see myself as an aggressive investor.

Realizing I have got myself into a difficult diversification position, I am inclined to wait it out and, possibly even average down. What are your thoughts?