Investment Q&A

Q: H
i Peter What is your thoughts on BIN results bought after I trimmed a position on rpi.un so far I lost 5% of my capital .The market did not think much of the results .
Are you still higb on this stock?
Stam

Q: Hello 5i. Just wondering if you have a thesis for the apparent weakening in Enbridge's stock price. The recent Q4 update seemed OK at a quick glance. Thanks as always for the great advice.

Q: Magna's announcement of a 2 for 1 stock split, indicated that the 2 for 1 stock split would be implemented by way of a stock dividend. I understand the concept of a 2 for 1 stock split, but what does implemented by way of a stock dividend mean. Thanks for you explanation.

Q: Good afternoon, at today's stock price is this not a mega opportunity ?

Q: Looks very good to me, surprised the market is not reacting
Fourth-Quarter Highlights
•Adjusted basic earnings per share(3) of $1.51, up 26.9%,
basic earnings per share of $1.33, up 129.3%
•13.4% operating income margin(1), up 0.5% year-over-year
•CCL Label organic sales growth of 5.9%
•Board approves 25% increase to first quarter 2015 dividend. Annual dividend is $1.50 per class B share for 2015 compared to $1.00 at March 2014


Adjusted basic earnings per share(3) of $6.53, up 47.4%,
basic earnings per share of $6.31, up 107.6%
•Avery delivers $109 million operating income(1)
•CCL Label delivers 6.5% organic sales growth and 21.0% EBITDA margin(2)
•Free cash flow(5) $264 million, 122% earnings conversion
•20% return on equity(6) hurdle reached for the first time

Q: Glentel down 8% in the past month and now off 12% from the 26.50 takeout price. Is the risk increasing that the deal falls apart or is this just the recent weakness in BCE shares and investors moving on to other opportunities? Also, how would one calculate the current arb opportunity? i.e. what is the actual takeout price based on todays closing price of BCE.
Thanks

Q: Could you please comment on the results for stn.
Thank you so much for this service.
Heather

PS My email is not working at the moment.

Q: Good morning team, Your comments pls. on the latest results. Good time to add? Thank you!

Silvia

Q: Hi,
Would you have any thoughts on this release:

MacDonald Dettwiler & Associates | MDA-TSX | price C$98.50 | Market Perform - Estimates revised. Maintain C$93.00 target price.
 The Com Sat market remains competitive (pricing pressure) and the stronger US$ makes it worse (MDA’s sats are more expensive vs. European competitors).
 A diversified revenue base and an improved cost structure should however help MDA weather the Com Sat pressures as it did in 2014.
 With MDA trading at 10.8x EBITDA, well above space infrastructure peers at 7.6x, we await a better entry point.
 Our target of $93.00 is based on 10x C2016E EBITDA, at a premium to peers given MDA’s stronger margin profile.

Thanks

Q: Hi. Could you comment on MDA's earnings?

Thx.

Q: Extendicare and leisure world reported today, what do you think of their results.

Q: Hi Peter and Team, regarding AHF, would you consider the stock a soft hold, a strong hold or simply a sell into this current strength? Almost at break even at .90 cents. Thanks!

Q: Hi Peter,

Sylogist declared quite good results and they did an equity offering for 11 cad. They did a few acquistions too if I am not mistaken. Conventional wisdom states that a company grows by acquistions case in point csu,valient, Amaya so why is sylogist not following. They also increased their dividend what else do they have to do to increase their share value your
comments will be appreciated.

Thanks
Paul

Q: Please provide comments on their earnings and how the stock might react? Any change in the future picture?

Q: What's your analysis of CSU's earnings? It appears to be a beat on most metrics. Any comments on integration of TSS acquisition and impact of strong USD on earnings. Thanks

Q: Hi Peter and Co.
I looked at VNP numbers from last night's earnings release and I'm trying to find a positive somewhere in them but I'm struggling mightily. They look pretty awful. I suppose the only positive is that the stock isn't down more today.
Your thoughts?
Thanks,
Michael

Q: Today Magna will split stock price 2 for 1 and raise dividend. Also project lower profit for 2015. Would this be a good entry at today's price for 3 to 5 years? thanks

Q: Good morning. I would appreciate your thoughts on bought deal announced today with National Bank selling 9 million shares at $12.60. The shares were selling at $14.00 2 days ago. It almost seems that there is an effort to keep the share price down and the stock is becoming frustrating to hold. With rising AUM and National Bank backstop should there not be shareholder value?

Q: Hi Peter & team, Would you pls. comment on HCG teaming up w/Wave Crest Group. Thank you!
Silvia

Q: Can you please comment on Sylogist results released this evening.Do you see an improving trend ? Any thoughts on : "During the past year we deferred opportunities in our Canadian public sector unit and payment solutions operations to invest in our foundational technology, moving Sylogist products well ahead of market competitors. We are encouraged by the early financial success of these investments as noted in our MD&A"