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Investment Q&A

Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.

Q: Four months ago you said..........

"PNNT insiders have been large net buyers of stock over the past six months. The stock is 5X earnings, but quite small at $182M market cap. Indicated yield is 26.4%, with the last dividend paid April 1. The dividend was cut in late 2016. PNNT is a finance company, providing loans to US middle market companies. Investors are concerned about defaults in a corona world, and the stock is down 58% this year, pushing yield higher. The company has 135 investments; some are doing well (groceries) and some are shuttered. The company recently gave a shareholder update, and it is good to see insiders backing their generally positive remarks. Still, we would put this one in the extreme risk category, on size alone, as well as a possible dividend cut or elimination."

what is your current analysis and opinion of PNNT
Read Answer Asked by JACK on August 06, 2020
Q: Hello 5i Research
Thank you for all the questions and answers that you post every day. I start everyday reading all the post to keep me informed.
I currently own visa and MasterCard in my RRSP , do you recommend switching to SQ or/and PayPal at this time?
Thank you for your great service.
Claudio
Read Answer Asked by claudio on August 05, 2020
Q: is this the 'greenlight' that legitimzies Bitcoin?
It seems the days of independent crypto currency brokerages are limited if the banks get in on the action for themselves and clients.
- could the US governement see the writing on the wall and figure best to legitimize crypto to get a lead on other large economies that are trying to marginalize it?


https://www.americanbanker.com/news/occ-allows-banks-to-hold-cryptocurrency-assets-for-safekeeping

OCC allows banks to hold cryptocurrency assets for safekeeping
By Brendan Pedersen
July 22, 2020, 3:44 p.m. EDT
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WASHINGTON — The U.S. regulator of national banks issued an interpretative letter giving banks the all-clear to hold cryptocurrency assets on behalf of their customers.

The letter, dated Wednesday, clarifies the stance by the Office of the Comptroller of
the Currency that bank custody services, which have long been understood to include holding digital assets, can extend to cryptographic keys and other crypto-related assets.
Read Answer Asked by Neelesh on July 31, 2020
Q: Hi, I have owned ONEX for about a year and down 18%. I would like to own a private equity co. ONEX's purchase of Westjet was bad timing and the airlines will continue to struggle going forward for some time I think. In a recent question about ONEX, you said ONEX has lost money and revenues have not changed for the last 8 years, so just curious, what drove its stock up from $35 to $100 between 2013-2018?? Would you continue to hold? I'm thinking of selling ONEX and switching into KKR or BX?? Or possibly buy more BAM? In this low rate environment, PE should benefit right? Looking for long term growth in my LIRA. Thanks!
Read Answer Asked by Keith on July 30, 2020
Q: In a straight-up comparison of BMO (Bank of Montreal) versus RY (Royal Bank), for a long-term position (non-registered account), which one would you buy, and why? (I've owned BMO for >25 years, never owned Royal, but because of ongoing portfolio adjustments, I'm in a position where I want to own one of these two banks, for the long-term. Note: I already have long-standing positions in TD Bank and National Bank, in my Canadian portfolio, so another aspect to my question is which one better complements my existing Canadian bank holdings. In my situation, there are no particular tax implications for buying BMO vs RY.)
Read Answer Asked by Ted on July 30, 2020
Q: Hello,
I paid $38 for Laurentian Bank shares. Today they are trading at $26. They are in a non-registered account and I am looking to either hold them for at least 5 years or sell. Based on the current dividend, I am still getting a yield of 4%. Is this still a solid company that you would expect to be around 5 years from now? How likely would it be for them to cut the dividend again? How realistic is it to anticipate that it would return to $38 in the next 5 years? Thank you and have a nice holiday weekend.
Read Answer Asked by Cathy on July 30, 2020
Q: I serendipitously sold my BNS before the pandemic and have been slowly buying it back as it remains low compared to historical levels. I intend to go a little overweight as the dividend and value in the stock seems to me to be quite attractive, if you consider this a long term hold. If I retire in 10 years, this seems to me to be a great purchase now and that I will look back at myself thankfully for making this purchase now.

Do I need to be looking at this differently? I know there BNS faces risk in Central America but it otherwise seems like a good buy now.

Robert
Read Answer Asked by Robert on July 22, 2020
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