Investment Q&A

Q: I saw the question Murray asked on dividend increases of Canadian banks and it made me curious. Could you provide a historical annualized return combining dividends and capital gains for the same banks over the same 18 years { 2000-2018 } ?

Q: Interested in your thoughts on Laurentian Bank. The stock price has been in a steady decline for the past year despite a dividend much higher than the Big 5 banks.
Is that dividend safe and how would you rate an investment in Laurentian compared to one of the big banks. Also do you see any prospects for an increase in the stock price.
Thanks as always!

Q: With the change in senior management and the purchase of the remaining 40% interest of Dominion Lending, is there reason to believe that FCF will become more of an operating company rather than an investment company?
What is your opinion of the company going forward.

Thanks,
NA

Q: I would like your opinion on DFN. Would you buy on the dip? Thx.

Q: Rafferty Capitals, Richard Bove said banks do not do better in a higher fed rate environment. Why are most saying they do ?

Q: I need to know how much the 5 big Canadian Bank stocks have increased their dividends over the past 18 years; by % increase, not actual dollar amount. Someone told me 7% a year but that sounds too high. Any idea where I can find this information? Thanks.

Q: Good Day,

AS BNS continues to fall I see that the forward P/E based upon the consensus shown on the RBC Direct site is 9.5. Seems like good value considering the 4.7% yield. Your thoughts? Also wondering if you can determine what the P/E was at the lowest point during the 2008 financial crisis.

Thanks

Q: Your opinion is appreciated a) for PNC, and b) for SNC - is there any hope for this company?
Thanks, as always!

Q: Does the team at 5i have any insight why the ETF Dividend 15 (DFN-T) is down so dramatically in the past week?

Q: Can you offer any insight into the short attack of Manulfe by the Muddy Waters group.

Many thanks for your service,
NA

Q: Can you think of any reason why Visa is being hit harder then the S&P of late? Is there any specific thesis that ties Visa to the negative sentiment surrounding raising bond yields? I've been looking to buy this company for a very long time hoping for a pull back and finally bought a little. Would you continue to add or wait for further pull back. My only other US financial is Blackstone and it has also taken a beating lately. Thanks

Q: Is there any reason for the selloff in the Power Company stocks? Any negative prognostications by analysts? They seem to be getting sold off pretty hard for cheap dividend payers.
Thanks

Q: Hi Team,

What are some "safer" stock picks in the current market conditions?
I would expect AI.TO (Atrium Mortgage Investment Corp) to benefit from the rising rate environment. As interest rates rise, the credit worthiness of the Big Banks potential customers will be more scrutinized and therefore applicants such as building developers would have to look elsewhere for financing such as Atrium. These applicants (although rejected by Big Banks) would have better credit worthiness than Atriums current customer base and over time I would expect that the average credit worthiness of Atriums loan base to increase (given that the life of majority of the loans are1-2 years, a quick shift in borrowers is not unlikely). Historically, Atrium had a loan loss provision of less than 1.2% and normally has 75% loan to value cap. Please can I have your thoughts?

Q: Can you give me your opinion of the Harvest Income ETF products?

Specifically HCBB, Banks and Buildings Income.

Thanks

Q: I have asked this question before and still do not have a good answer. Why is the Financial sector not recovering in the US Yesterday seen all the Payment companies getting hit hard Visa , PayPal MasterCard ,Square, US Banks held their own but are still lagging badly YTD Canadian companies including banks continue to lag the overall market. Time to exit the financial sectors or at least take some profits before they erode completely ? Thanks for your views on this

Q: The preferreds of various insurance companies are getting whacked with numerous issues hitting yearly lows on Friday, including some not connected with the Mosten lawsuit such as GWO. As a holder of several investment grade issues of these companies it is difficult for me to quantify how large the potential liability could be. Does 5i have any sense of this?

Q: A comment on the lawsuit. I am a lawyer who does lot of work for banks and I pay attention to court rulings that effect them. If Manulife has to appeal any adverse ruling to the Supreme Court of Canada, Manulife is very likely to win this case. The Supreme Court has demonstrated in other cases that it will try to accommodate the daily business of financial institutions. For those who care about such things look at the recent case of Royal Bank vs. Trang.

Q: Home Capital has been going sideways for the last 6 months. Could I have your opinion on its likely performance in a slowly rising interest rate environment? Hold or sell? Thank you.

Q: What's your thoughts on the muddy water report?

Q: I have done well on IAT. I know this is not your area of expertise but generally
could I have your view on US Regional Banks going forward. Thanks.