Investment Q&A

• AFLAC Incorporated (AFL $106.85)
  • $106.85 P/E (TTM): 15.92X Cap: $55.72B
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• Principal Financial Group Inc (PFG $85.41)
  • $85.41 P/E (TTM): 16.71X Cap: $18.84B
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• Aegon Ltd. New York Registry Shares (AEG $6.88)
  • $6.88 Cap: $13.94B
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Q: I own Sun life but would like to add another growing insurer that pays a decent dividend. I am considering buying any one of the above or perhaps you would offer another better qualified company. Much thanks. Maureen

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Read Answer Asked by Maureen on September 21, 2018

• ECN Capital Corp. (ECN $3.07)
  • $3.07 P/E (TTM): 37.74X Cap: $867M
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Q: Recently I have noticed a high level of insider buying at ECN. Is that the case based on your data? This looks to me like a strong sign from management. I am currently at break even so thinking of adding some more.

Thanks
Sal

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Read Answer Asked by Sal on September 21, 2018

• BMO Equal Weight Banks Index ETF (ZEB $58.19)
  • $58.19 P/E (TTM): 15.44X Cap: $4.73B
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Q: With ZEB having 6 holdings I am wondering why it makes sense over purchasing the banks individually?

Which do you prefer ZEB or RBNK? Why?

10-20 years, in an unregistered cash account.

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Read Answer Asked by Thomas on September 20, 2018

• Orion Digital Corp Com (MOGO)
  • Cap: $35M
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Q: Why is MOGO down so much today?

Thanks

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Read Answer Asked by Amy on September 19, 2018

• Bank of Nova Scotia (The) (BNS $93.98)
  • $93.98 P/E (TTM): 23.63X Cap: $118.13B
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Q: What are the reasons BNS Price to Book ratio is much lower than RY and TD ? Thank you.

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Read Answer Asked by Pierre on September 19, 2018

• Genworth MI Canada Inc. (MIC $43.48)
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Q: I'd like to know your opinion of Genworth. Thanks for all your invaluable help :)

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Read Answer Asked by christianne on September 19, 2018

• Toronto-Dominion Bank (The) (TD $128.14)
  • $128.14 P/E (TTM): 10.52X Cap: $216.13B
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• Bank of Nova Scotia (The) (BNS $93.98)
  • $93.98 P/E (TTM): 23.63X Cap: $118.13B
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• Sun Life Financial Inc. (SLF $85.81)
  • $85.81 P/E (TTM): 14.26X Cap: $48.19B
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• goeasy Ltd. (GSY $35.75)
  • $35.75 P/E (TTM): 2.78X Cap: $611M
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• Goldman Sachs CDR (CAD Hedged) (GS $38.46)
  • $38.46 P/E (TTM): 19.91X Cap: $327.24B
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Q: Good morning...my financials listed above make up 12.8% of my portfolio. (TD 3.8, BNS, 3.3, SLF 3.1 and GS 2.6)..I was looking at changing it up a bit and selling GS and adding to either TD, BNS or SLF..dividend not a big concern...looking for a bit more growth potential in the Financials...what do you think? or other alternative..
Thanks

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Read Answer Asked by Matthew on September 19, 2018

• Guardian Capital Group Limited (GCG $67.50)
  • $67.50 P/E (TTM): 8.86X Cap: $1.65B
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Q: Looking for your take on this one. Would it be a candidate for a takeover, and which shares to buy- GCG or GCG.A?

Thks

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Read Answer Asked by Robert on September 19, 2018

• Goldman Sachs CDR (CAD Hedged) (GS $38.46)
  • $38.46 P/E (TTM): 19.91X Cap: $327.24B
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Q: I believe Gluskin is reporting this week. What are the anticipation results (earnings, revenus, aum, cash on hand)?
Thank you

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Read Answer Asked by Daniel on September 19, 2018

• Visa Inc. (V $297.40)
  • $297.40 P/E (TTM): 28.96X Cap: $572.92B
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Q: While VISA is 32% of our financial sector holdings, it is only <6% of total portfolio. All the rest of financial sector holdings are <2.5% of total portfolio.

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Read Answer Asked by sam on September 18, 2018

• Cymbria Corporation (CYB $92.30)
  • $92.30 P/E (TTM): 7.93X Cap: $2.03B
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Q: I would like to increase my global exposure and was looking at Cymbria, or would Edgepoint Global be a better investment? From your last answers on Cymbria, you stated it was trading at a high premium. What would be a good entry point to buy Cymbria? I notice it has come down a little bit since then. What about the management fee for these products, are they reasonable?
Thank you for all the advice I have received over the years!

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Read Answer Asked by Shirley on September 17, 2018

• Toronto-Dominion Bank (The) (TD $128.14)
  • $128.14 P/E (TTM): 10.52X Cap: $216.13B
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• Bank of Nova Scotia (The) (BNS $93.98)
  • $93.98 P/E (TTM): 23.63X Cap: $118.13B
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Q: Does it make sense to sell TD for BNS I bought TD for 60.40 a share Thans

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Read Answer Asked by Jo-Anne on September 17, 2018

• Bank of America Corporation (BAC $46.66)
  • $46.66 P/E (TTM): 12.51X Cap: $336.08B
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• Visa Inc. (V $297.40)
  • $297.40 P/E (TTM): 28.96X Cap: $572.92B
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• Block Inc. Class A (SQ)
  • P/E (TTM): 59.56X Cap: $53.89B
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Q: I have an a US "balanced" portfolio that holds V (and also BAC) , you suggested in an earlier answer to another person that for diversification, might take a position in SQ. If both V and SQ were held, what weightings would you consider giving V and SQ, and also BAC, like 5, 4, 3 or 2 %, within the Financial sector portion of the portfolio as a whole?.....thanks....Tom

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Read Answer Asked by Tom on September 17, 2018

• Invesco Ltd (IVZ $23.04)
  • $23.04 Cap: $10.39B
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Q: Invesco just announced that its assets under management grew by less than 0.1% in August vs July. That does not seem like a good omen -appears to be capital gains growth inside portfolios (~3% S&P) just outpacing withdrawals.

In your opinion, what weighting should be given to this metric in this industry vs the large dividend yield 5% and low P/E of 8?

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Read Answer Asked by Anthony on September 14, 2018

• Manulife Financial Corporation (MFC $46.55)
  • $46.55 P/E (TTM): 15.56X Cap: $78.89B
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Q: Peter/Ryan/Team, What gives with MFC ? Still going down. Time to pick an entry price ? Thanks.

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Read Answer Asked by Paul on September 13, 2018

• Accord Financial Corp. (ACD $1.66)
  • $1.66 Cap: $15M
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Q: Please give me your thoughts on ACD

John

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Read Answer Asked by John on September 12, 2018

• IGM Financial Inc. (IGM $62.07)
  • $62.07 P/E (TTM): 13.96X Cap: $15.08B
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Q: Good morning. What's been driving the price of IGM down over the past month or so? Do you see a bottom soon? Thanks.

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Read Answer Asked by Chris on September 12, 2018

• JPMorgan Chase & Co. (JPM $286.02)
  • $286.02 P/E (TTM): 14.34X Cap: $776.04B
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Q: Hi Peter, based on current valuation and strong management, which ones are best suited for future share price growth. can you please rank these in order of preference - BOA, JPM, MS, GS - GOLDMAN SACH. This is in RRSP

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Read Answer Asked by RUPINDER on September 12, 2018

• Power Corporation of Canada Subordinate Voting Shares (POW $63.15)
  • $63.15 P/E (TTM): 14.08X Cap: $42.35B
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Q: Getting tired of all this sideways movement, time to trim from my position? I have a full position in my rrsp and don't require the dividend income. Thank You.

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Read Answer Asked by Darby on September 12, 2018

• Power Corporation of Canada Subordinate Voting Shares (POW $63.15)
  • $63.15 P/E (TTM): 14.08X Cap: $42.35B
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• Laurentian Bank of Canada (LB $40.20)
  • $40.20 P/E (TTM): 26.8X Cap: $1.79B
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Q: As part of the financial sector of an income portfolio of a retiree would prefer POW or LB for "reliable" income with some (inflation) growth? Thanks.

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Read Answer Asked by David on September 10, 2018