Investment Q&A

Q: Canaccord posted this on AYA today: Amaya Gaming Group* (AYA : TSX : $38.03), Net Change: 0.00, % Change: 0.00%, Volume: 525,017
CALIFORNIA'S "BAD ACTOR" PROVISION. California’s first new online poker bill, AB9, has been introduced by
California Assemblyman Mike Gatto. According to Canaccord Genuity Tech Analyst Robert Young, the bill as written (and it
will be contested) is a mild negative for Amaya, as it would exclude PokerStars and Full Tilt from participation in California (a
"bad actor" provision). The bill appears to be much like draft legislation released last year by a coalition of 13 native tribes led
by Pechanga and San Manuel, which have been vocal in opposition to PokerStars. While a negative on the face, it is just an
initial step in the process. As noted recently, this coalition against PokerStars was weakened when San Manuel joined a separate
group aligned with Amaya. A successful passage of this bill will require negotiation for support to get a successful 2/3 vote in
both the California Assembly (which reconvenes January 6) and Senate. Young says we are likely to see competing legislation
introduced given indications from at least one other Assemblyman (Reggie Jones-Sawyer).

And this is an informative article on AYA: http://www.forbes.com/sites/nathanvardi/2014/12/01/the-king-of-online-gambling-is-34/

Q: Hi Team

Which Sector would you fit Amaya into? Consumer Discr. or Info Tech?? Also is it not trading today? My TD accounts show it frozen at a certain price ($37.70 and not moving all day). Also I would just like to say, I have done so well (excepting energy 10% down to 6% due to falling prices), having fun and am learning so much, since I joined in March/14. thank you thank you

Q: Would you still consider holding this company(its in my TFSA)? It is about 5% of my portfolio and the recent decline is worrisome.

Q: BDI announced a 27 million contract yesterday and today the stock is down 15%. Your thoughts please. Thank you

Q: I know you are getting sick of some of these oil related questions.Is the price of this not just getting crazy.What would it be worth if it had no dividend. Any extra news i haven't heard of.

Q: Two questions related to oil companies cutting back on expenditures and dividends.

Reaction to some oil companies saying they will cut back on cap expenditures has been swift with BDI down a lot today. (I assume that is why they are down). My question is how quickly do oil companies ramp up their expenditures once oil prices start to increase again (hopefully) and should we expect BDI to move up with oil prices or will there likely be a lag?

Secondly, what do you expect the market's response to be to the oil sector in general given Canadian Oil Sands decision to cut their dividend? Would you think all companies will drop or will it be on a case by case basis?

thanks.

Paul F.

Q: Good Morning: Would this be a good time to add to Gildan after the big drop on earnings disappointment. Thank you

Q: Hi team, Your thoughts please on GIL Q4 report. Would this be an opportunity to start a position? Thx a lot!

Q: Hello,
I did well with amaya thanks to you. I sold some on the way up and although my position is not that big i am thinkng about selling a bit more. My question is do you feel the stock can go much higher based on valuation and growth outlook in the next 2 years or so ? Thank you.

Q: Hello, I am considering making a purchase of either PWF or SLF. As they both have similar dividends I would like your feedback on which one you see with the most growth in the next 12-18 months? Thanks!

Q: Hi,

TD just came out with a report saying that the liquidation value of NIF.UN is much greater than what it is trading at. Also they say that the dividend is safe. What is your view on both these statements. What is their current payout ratio?

Q: Hi Team,

I am missing Realestate Investment Trusts in all my accounts, CASH,RRSP,SDRP,TFSA, and RESP. with tax implications in mind can you please recommed suitable REITS for each account.

Thanks

Happy Holidays

Q: As you know, GLN has accepted to be acquired by BCE. My understanding is that GLN may (at their option) receive $26.50 cash for their shares.

Currently, GLN is trading at around $25.20, a 5% discount, which is much lower than I would have expected given the (presumably) low probability of the deal falling through (unless a third party offers even more, which would be even better for GLN shareholders).

Assuming the deal closes in a few months, this respresents a tremendous annualized return rate for a seemingly low-risk investment. What am I missing? Why aren't short-term investors jumping in at this opportunity.

Q: Hello Peter and team,

In regards to the deal between THI and BKW:

THI shares sit at 95.49 CAD and BKW shares sit at 34.24 USD as of 30 mins ago.

How come you wouldn't take the 3.0879 shares per each THI share under these circumstances? Would that not mean THI shares are equivalent to $105.73 USD?

Thank you,

Wes

Q: Good morning. Do you know of any news on can accord? It is going down heavily over the past week. Is this a hold with present uncertainty?

Thanks
Vinod

Q: Hi 5i,

Any news out there on ESL? Seems to be quite strong last few days.
At what point does this great company get too expensive?
I am looking to trim a little, but worried that when I do - they get taken out for $50+!

Is cash flow multiple a better metric on this company than P/E?

Thanks,

JS

Q: Will DHX be affected by the announcement of "Crave" this morning?

Q: Good Morning 5i team, need your help

My portfolio allocation for AYA has increased from 2% to a little over 9%. I have tried to trim this back but every day i see increasing returns and continue finding positive article after positive article regarding forward looking prospects.

I am going to follow your lead and do as you recommend regarding whether I should sit as is or trim back to a smaller portfolio allocation % for this company.

As always, thanks for everything you do. My prescription will be coming due early next year and you can look forward to me eager renewal.

Gord

Q: I bought a small (1.2%) position in NPI at inoppertune time in my RRIF for income and down about 15%. Considering change to CPX or AQN. I would appreciate your comments.
Ted

Q: Hi team, Your comments please on the new acquisition. They'll pay $32.7M in cash and the remainder thru issuance of almost 3M shares, which will result in dilution. Your thoughts please. Thx a lot!