Investment Q&A

• Prime Dividend Corp. Class A Shares (PDV $11.66)
  • $11.66 P/E (TTM): 9.0X Cap: $9M
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Q: I am scratching my head on this one! I bought some very cheaply in the recent market sell off. I am looking at the NAV of $18.10 (Sept. pricing). That seems an extraordinarily steep discount to what it presently sells for. Am I reading it correctly? Further, I noticed it passed up a termination date some time back but has another at 2023 year end. What would convince them to shut it down? Shareholders like me or something else? If something else what could that look like?

TIA

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Read Answer Asked by Gerald on October 19, 2021

• Bank of America Corporation (BAC $55.14)
  • $55.14 P/E (TTM): 14.78X Cap: $402.65B
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• The Bank of New York Mellon Corporation (BK $117.03)
  • $117.03 P/E (TTM): 17.11X Cap: $82.76B
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• JPMorgan Chase & Co. (JPM $318.52)
  • $318.52 P/E (TTM): 15.35X Cap: $867.09B
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Q: Can you give me an opinion on how you would rank these three US Banks and how you determine that ranking and if you feel now is a good entry point for an initial position in any of them?

Thanks!

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Read Answer Asked by Kevin on October 19, 2021

• Royal Bank of Canada (RY $228.29)
  • $228.29 P/E (TTM): 17.23X Cap: $319.65B
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• Toronto-Dominion Bank (The) (TD $125.80)
  • $125.80 P/E (TTM): 10.62X Cap: $214.76B
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Q: Canadian banks.

Is there ever a downside to deciding to place capital into Canadian Banks?

As a percentage of a total portfolio, to what maximum would you be comfortable in holding several Canadian Banks?

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Read Answer Asked by Danny on October 19, 2021

• Amplify Digital Payments ETF (IPAY $53.17)
  • $53.17 P/E (TTM): 15.15X Cap: $226M
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• ARK Blockchain & Fintech Innovation ETF (ARKF $49.49)
  • $49.49 P/E (TTM): 42.64X Cap: $1.26B
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Q: If you held ipay, would you switch it for arkf, if taxes on gain were payable?

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Read Answer Asked by William Ross on October 18, 2021

• Moody's Corporation (MCO $486.60)
  • $486.60 P/E (TTM): 38.62X Cap: $86.80B
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• S&P Global Inc. (SPGI $501.03)
  • $501.03 P/E (TTM): 35.73X Cap: $151.71B
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Q: I am considering adding either SPGI or MCO to my portfolio. Which one would you prefer and your reasons please. Thank You.

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Read Answer Asked by Brian on October 18, 2021

• Power Corporation of Canada Subordinate Voting Shares (POW $73.12)
  • $73.12 P/E (TTM): 15.26X Cap: $46.58B
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Q: What is your outlook for POW? I saw recently that you ranked it below an number of others? i.e. your ranking was:
SLF, IFC, PRU, MFC, POW

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Read Answer Asked by Jacques on October 18, 2021

• Manulife Financial Corporation (MFC $48.85)
  • $48.85 P/E (TTM): 15.38X Cap: $82.31B
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Q: I know 5i favours SLF over MFC. MFC is cheaper, but I was surprised to see on Morningstar that it isn't by a whole lot.

I am a long term investor. I am looking at MFC from a 10, 20 year perspective. l did own it back when they cut the dividend, but am now considering adding it back in.

Is the company much improved from 10 years ago? Cash Flow metrics seem to be good. I was unable to find debt ratio though, and whether or not it was at an acceptable level.

How do you see MFC going forward, despite the present events in China?

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Read Answer Asked by James on October 18, 2021

• Royal Bank of Canada (RY $228.29)
  • $228.29 P/E (TTM): 17.23X Cap: $319.65B
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Q: With the American banks having strong earnings, do you see the same for Canadian banks when they report. Which banks do you prefer.

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Read Answer Asked by don on October 18, 2021

• JPMorgan Chase & Co. (JPM $318.52)
  • $318.52 P/E (TTM): 15.35X Cap: $867.09B
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Q: With the recent earnings out, do you think JPM has still room to grow or you believe it is mostly fully valued at the present price ? Thanks for your valued advices everyday !

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Read Answer Asked by jean on October 18, 2021

• Purpose High Interest Savings Fund (PSA $50.05)
  • $50.05 Cap: $3.21B
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Q: Hi, how can Purpose can fund a 0.6% distribution with a 0.15% management fee given how low bank deposit rates are? Thanks.

The fund documentation states ‘Deposits securely invested in cash accounts with Schedule 1 Canadian banks’.

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Read Answer Asked by Gary on October 15, 2021

• goeasy Ltd. (GSY $122.28)
  • $122.28 P/E (TTM): 9.15X Cap: $1.96B
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• Affirm Holdings Inc. (AFRM $67.25)
  • $67.25 P/E (TTM): 104.59X Cap: $22.19B
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Q: You had mentioned "GSY initially purchased a swap on the AFRM shares to hedge away market exposure" in response to another on GSY..Could you explain how share swaps works in this context? Thanks.

Regards,

Shyam

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Read Answer Asked by Shyam on October 15, 2021

• iShares Biotechnology ETF (IBB $169.42)
  • $169.42 P/E (TTM): 22.53X Cap: $8.56B
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• ARK Blockchain & Fintech Innovation ETF (ARKF $49.49)
  • $49.49 P/E (TTM): 42.64X Cap: $1.26B
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Q: Could you recommend 1 Biotech and 1 Fintech ETF? Can be either Canadian or US.

Thanks for your help

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Read Answer Asked by ralph on October 15, 2021

• PayPal Holdings Inc. (PYPL $61.66)
  • $61.66 P/E (TTM): 12.31X Cap: $57.69B
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• Block Inc. Class A (SQ)
  • P/E (TTM): 59.56X Cap: $53.89B
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Q: Do you like Paypal or Square right now?

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Read Answer Asked by Gregory on October 15, 2021

• Mastercard Incorporated (MA $571.93)
  • $571.93 P/E (TTM): 34.45X Cap: $513.59B
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• Visa Inc. (V $347.83)
  • $347.83 P/E (TTM): 31.93X Cap: $669.82B
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Q: With MasterCard recently announcing entry into the BNPL space, would this potentially make it a better purchase for a longterm hold than Visa, if adding only one of these companies today? Thanks for all of your advice.

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Read Answer Asked by Anthony on October 15, 2021

• Coinbase Global Inc (COIN $267.46)
  • $267.46 P/E (TTM): 23.28X Cap: $72.11B
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Q: "Coinbase just announced that it will be taking on some of the biggest players in the hottest new market: NFTs." Saw this in the news, what does this mean for the future of COIN? To the moon?

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Read Answer Asked by Danielle on October 13, 2021

• goeasy Ltd. (GSY $122.28)
  • $122.28 P/E (TTM): 9.15X Cap: $1.96B
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Q: Goeasy down over 14% in the last 18 days. Something going wrong with this company?

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Read Answer Asked by John on October 12, 2021

• Sun Life Financial Inc. (SLF $83.16)
  • $83.16 P/E (TTM): 20.28X Cap: $46.35B
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Q: Thank you for your very appreciated service.

My question is, how can an investment in financial services like SLF be bullish when bond rates go up. My understanding is that the value of the bonds held will decline in such a scenario so SLF's balance sheet will be negatively impacted as well. Enlighten me, how does SLF benefit from a rising interest rate environment?

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Read Answer Asked by Yves on October 12, 2021

• iShares S&P/TSX Canadian Preferred Share Index ETF (CPD $13.73)
  • $13.73 P/E (TTM): 7.35X Cap: $1.05B
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• iShares S&P/TSX Capped Financials Index ETF (XFN $77.30)
  • $77.30 P/E (TTM): 11.82X Cap: $1.98B
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• BMO Equal Weight REITs Index ETF (ZRE $21.61)
  • $21.61 P/E (TTM): 18.91X Cap: $570M
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• BMO Equal Weight Utilities Index ETF (ZUT $25.07)
  • $25.07 P/E (TTM): 18.29X Cap: $841M
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• BMO Laddered Preferred Share Index ETF (ZPR $12.20)
  • $12.20 P/E (TTM): 4.77X Cap: $1.45B
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• BMO Equal Weight Banks Index ETF (ZEB $58.10)
  • $58.10 P/E (TTM): 11.77X Cap: $5.31B
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• BMO Equal Weight Oil & Gas Index ETF (ZEO $81.50)
  • $81.50 P/E (TTM): 6.81X Cap: $229M
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• Global X Active Preferred Share ETF (HPR $10.34)
  • $10.34 P/E (TTM): 8.17X Cap: $923M
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• iShares Canadian Financial Monthly Income ETF (FIE $9.90)
  • $9.90 P/E (TTM): 11.69X Cap: $1.27B
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• iShares Equal Weight Banc & Lifeco ETF (CEW $27.26)
  • $27.26 P/E (TTM): 9.88X Cap: $320M
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• iShares S&P/TSX Capped Energy Index ETF (XEG $19.54)
  • $19.54 P/E (TTM): 1.58X Cap: $1.46B
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• iShares S&P/TSX Capped REIT Index ETF (XRE $15.13)
  • $15.13 P/E (TTM): 16.89X Cap: $1.04B
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• iShares S&P/TSX Capped Utilities Index ETF (XUT $31.70)
  • $31.70 P/E (TTM): 21.8X Cap: $301M
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• CI Canadian REIT ETF (RIT $16.34)
  • $16.34 P/E (TTM): 51.99X Cap: $397M
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• Eastfield Resources Ltd. (ETF $0.05)
  • $0.05 Cap: $2M
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Q: Hi Team,
Could you suggest Canadian ETFs of the following sectors for Senior incomes :
1 /Reit 2/ Utility 3/Prefer 4/Bank/Financial 5/Energy.
Please deduct as many question credit as needed.
Thanks as always,
Tak

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Read Answer Asked by Tak on October 12, 2021

• Sun Life Financial Inc. (SLF $83.16)
  • $83.16 P/E (TTM): 20.28X Cap: $46.35B
  • View SLF Profile
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Q: Regarding Sun Life's dental purchase how do you view this. If I go back to Peter Lynch it seems almost to be diworsifying but I have no clue.

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Read Answer Asked by lynn on October 08, 2021

• iShares Canadian Financial Monthly Income ETF (FIE $9.90)
  • $9.90 P/E (TTM): 11.69X Cap: $1.27B
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Q: Specifically, is there an available and consistent report, on insured mortgage/loan arrears and defaults ?

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Read Answer Asked by Cacey on October 08, 2021