Investment Q&A

Q: Can I have your analysis on this company? Would you add into a growth portfolio for a 3+ year hold?

Q: RE Tom's Q today may I add that CM was $1.46 XD on 6/25

Q: I bought a small position in Goeasy at $63, and never did find the funds to top it up until now. I am up 150%, but could still add to it without going overweight. What are your thoughts on adding to it at this price with a long-term outlook? Is it still buyable?
Thanks.

Q: hi there - just a follow question on your recent answer to the question on CM and the note you included on uninsured mortgages. Correct me if i am wrong, but uninsured mortgages are those where the borrower puts down more than 20% of the value of the home and therefore does not require insurance. How is this more risky than insured mortgages where the lender is putting less than 20% down. This seems a bit backward in terms of interpretation. For example, i have an uninsured mortgage and own 95% of the value of the home. How is this more risk to the bank?

Q: if the reinsurance business is successful will the future share price of BAMR be higher than BAM.A? will the dividend of BAMR.always be the same as BAM.A? since the shares of BAMR are exchangeable 1 for1 for shares of BAM.A is this then a floor price for BAMR? I am still confused by the answers you have provided and request your patience and further clarification.as I want to invest in the reinsurance industry not BAM.A which I already hold thanks Richard

Q: Please comment on the planned increase in dividends and stock buy-backs for the U.S, banks.
What is your outlook for these Canadian banks?
At this time, would you prefer U.S. or Canadian banks.
Would you prefer another financial entity over both?

Q: CM has taken an extra big hit the last 2 sessions (inc. today) compared to the other banks, it did go up more than the others previously (for good reason imho) , I assume there may be a short attack presently against the bank on top of some profit taking. Is there anything else you may be aware of that's going on with CM?

Thanks Tom

Q: I bought all 3 of these banks a couple of years ago: Royal Bank, Bank of Nova Scotia and TD. At that time all 3 of purchase prices were much lower than today's stock prices. I would like to add to my holdings of each. Would you wait until the prices come down a little, or is it more probable at this point that prices will continue to go up? Thank you.

Q: Hi Guys - looking at adding to my financials position. I currently hold ~2.5% in each of TD and BNS. With the forecast estimates of improved earnings, increased dividends/buybacks, etc... which of the "Big 5+EQB+LB" would you find the most attractive, both in terms of capital growth and dividend increases (i.e., total growth). Thank you!

Q: Please explain the June 24/21 Obatan offer and what it means to retail investors like us.

Is it somebody sniffing around trying to get MFC cheap before it eventually starts to grow again?

What are the growth expectations for the next 2-3 years?
Thxs...Steve

Q: Can I get your thoughts on EFN going forward.

Q: I am currently way overweight in Canadian banks and would like to gradually cut my overall exposure to about half of my present total value. Would you please rank the above stocks in light of each expected Total Return over the next 3 - 5 years?
Many thanks.

Q: Further to the OFSI restricting dividend increases for CDN Banks, do we have any idea as to the timing of this restriction being relaxed? Does the OFSI meet regularly to discuss this sort of thing?

Q: Are we starting to see another sector rotation particularly back into tech? What do you see as the best sectors to put money to work in right now?

Thanks!

Q: Hi Peter,
why DPST is down today? Is it a good buy?
Thank you,
KT

Q: It seems all the Canadian banks are doing well - huge profits, reversing loan-losses, cash piles and talk of boosting dividends.

Is a lot of this profit due to the increasing real-estate mortgages being issued that have an implicit government backstop? I view this as a form of moral hazard - the banks know the government has their back so continue to lend despite worsening lending metrics like income to home price etc.

Do you see any risk from all the non-house owners in the country putting pressure on the government to reign in bank profits, as it seems only the 'rich' home owners are benefitting? Or would the banks themselves curtail lending as home prices continue to appreciate?

I know that the Canadian residential real estate market if a primary driver of our economic gains nowadays but at some point, the policital winds may shift.

What signals related to Canadian housing would you look for to make you want to reduce your exposure to Canadian banks?

Q: Last earnings were hampered by an "inverted bond yield curve", which cost $800 M.
Is it reasonable to assume, that they will correct this issue before reporting again ?

Q: I don't see any news that would make Citi drop like a stone today. Any insight?

Q: I recently added TSU to my portfolio and am disappointed to see considerable downward movement in recent days. Could you please comment on why the stock seems to be pulling back. I realize it has done very well since it came to market.
Thank you,
Maria

Q: Is it a mature company that has a lot upside still ? I find it interesting as I found it is included in 5i growth portfolio model . Thanks a million.