Investment Q&A

• Toronto-Dominion Bank (The) (TD $106.32)
  • $106.32 P/E (TTM): 8.97X Cap: $181.50B
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• Bank of Nova Scotia (The) (BNS $87.74)
  • $87.74 P/E (TTM): 17.09X Cap: $108.93B
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Q: Canadian banks and residential mortgages
My impression is that Canadian banks sell their mortgages. (Perhaps this is only the case for smaller banks.) Also, a portion of their portfolios would be insured. Do these points have a material impact on the actual exposure of the big banks relative to the apparent exposure arising from the volume of business? Are there comparative bank stats for their exposure in various lending markets, by sector and geography?

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Read Answer Asked by Carl on April 25, 2017

• Broadridge Financial Solutions Inc. (BR $252.03)
  • $252.03 P/E (TTM): 35.89X Cap: $29.52B
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Q: What is your opinion on long term hold of Broadridge Financial Solution (BR-N)

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Read Answer Asked by Nick on April 24, 2017

• Royal Bank of Canada (RY $199.63)
  • $199.63 P/E (TTM): 20.26X Cap: $280.47B
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• Canadian Imperial Bank Of Commerce (CM $109.59)
  • $109.59 P/E (TTM): 17.47X Cap: $101.85B
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Q: With BMO and RY recently announcing they will securitize and sell uninsured Canadian Alt A mortgages, does this indicate that Cdn banks are following in the same foot steps of US financials leading up to 2008 financial crisis? What is your view on what this portends for Cdn financials and the Cdn housing market?

Thanks

(http://www.wealthprofessional.ca/business-news/big-six-bank-to-enter-fray-with-new-product-224397.aspx)

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Read Answer Asked by Scott on April 24, 2017

• Home Capital Group Inc. (HCG $44.26)
  • $44.26 P/E (TTM): 9.39X Cap: $1.69B
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Q: Hi Peter and Team,
Home Capital Group Inc said founder and former CEO Gerald Soloway will step down from the board once a replacement is found. Is things at HCG get worse? Is HCG, stock price bottomed?
Thanks

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Read Answer Asked by Victor on April 24, 2017

• Home Capital Group Inc. (HCG $44.26)
  • $44.26 P/E (TTM): 9.39X Cap: $1.69B
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Q: thoughts on the news this morning , what do you think the shorts might do?

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Read Answer Asked by Cliff on April 24, 2017

• Royal Bank of Canada (RY $199.63)
  • $199.63 P/E (TTM): 20.26X Cap: $280.47B
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• Toronto-Dominion Bank (The) (TD $106.32)
  • $106.32 P/E (TTM): 8.97X Cap: $181.50B
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• Bank of Nova Scotia (The) (BNS $87.74)
  • $87.74 P/E (TTM): 17.09X Cap: $108.93B
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• Bank of Montreal (BMO $174.93)
  • $174.93 P/E (TTM): 14.58X Cap: $125.30B
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• Canadian Imperial Bank Of Commerce (CM $109.59)
  • $109.59 P/E (TTM): 17.47X Cap: $101.85B
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Q: Hi Peter and Gang,

Just wondering what your views are on Canadian banking industry going forward and if the 5 big Canadian banks are a buy, hold or sell.

Thanks,
Harry

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Read Answer Asked by Harry on April 24, 2017

• Bank of America Corporation (BAC $50.58)
  • $50.58 P/E (TTM): 14.88X Cap: $374.64B
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• Citigroup Inc. (C $99.44)
  • $99.44 P/E (TTM): 14.62X Cap: $183.05B
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• JPMorgan Chase & Co. (JPM $306.91)
  • $306.91 P/E (TTM): 15.67X Cap: $843.92B
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Q: I am planning to add one US bank to my portfolio, which one of the above mentioned banks would you recommend.

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Read Answer Asked by Jacob on April 24, 2017

• Home Capital Group Inc. (HCG $44.26)
  • $44.26 P/E (TTM): 9.39X Cap: $1.69B
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Q: What could be the possible outcome from the OSC Administrative Proceeding? Are they looking to settle and move on? What's the best and worse case scenario that could potentially happen? Thanks.

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Read Answer Asked by Iskandar on April 21, 2017

• EQB Inc. (EQB $91.23)
  • $91.23 P/E (TTM): 10.49X Cap: $3.49B
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Q: aside from the obvious collateral damage re HCG, what am I missing regards the recent EQB decline?

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Read Answer Asked by don on April 20, 2017

• BOFI Holding Inc. (BOFI)
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Q: Any insights into this US banking company. Do they have room to continue their growth trajectory. Comments on insider holdings, etc would be helpful.

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Read Answer Asked by Paul on April 20, 2017

• Canaccord Genuity Group Inc. (CF $10.45)
  • $10.45 Cap: $1.07B
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Q: what is your advice on Cannacord? I have at a loss in a registered account, now about 3% of portfolio.
Thankyou.

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Read Answer Asked by francois on April 19, 2017

• Fairfax Financial Holdings Limited Subordinate Voting Shares (FFH $2,440.84)
  • $2,440.84 P/E (TTM): 8.66X Cap: $52.70B
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Q: Is this a good buy at this level? How it would behave if market goes down? Do you think it is cheap on price to book value valuation metrics compared to other insurer(like Merkel, Berkshire)?

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Read Answer Asked by Sridip on April 19, 2017

• RF Capital Group (RCG)
  • P/E (TTM): -5.1X Cap: $284M
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Q: Supposing no one buys GMP, what (if anything) will turn it around? Shouldn't the resource-extraction recovery make some difference here?

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Read Answer Asked by John on April 19, 2017

• First National Financial Corporation (FN $48.09)
  • $48.09 P/E (TTM): 15.78X Cap: $2.88B
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Q: FN: The stock price has taken a dive today. On Thu. it was $26.59, and at a low point today it was 25.08, a 6% decline. I don't see any news. Do you know why?

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Read Answer Asked by Helen on April 17, 2017

• BMO Equal Weight US Banks Hedged to CAD Index ETF (ZUB $36.09)
  • $36.09 P/E (TTM): 12.21X Cap: $355M
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Q: Can you provide an analysis of this ETF. I currently own JP Morgan but was looking to add another position in US Banks.

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Read Answer Asked by kelly on April 17, 2017

• Home Capital Group Inc. (HCG $44.26)
  • $44.26 P/E (TTM): 9.39X Cap: $1.69B
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Q: I bought in November around $30. Should I Hold or Sell? Thanks!

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Read Answer Asked by Austin on April 13, 2017

• Royal Bank of Canada (RY $199.63)
  • $199.63 P/E (TTM): 20.26X Cap: $280.47B
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• Toronto-Dominion Bank (The) (TD $106.32)
  • $106.32 P/E (TTM): 8.97X Cap: $181.50B
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• Bank of Nova Scotia (The) (BNS $87.74)
  • $87.74 P/E (TTM): 17.09X Cap: $108.93B
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• BMO Covered Call Canadian Banks ETF (ZWB $22.46)
  • $22.46 P/E (TTM): 12.51X
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Q: do you think this is a good time to buy a bank stock or the ETF. for a long term hold? could you list your top 3 Cdn banks? thanks Jack

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Read Answer Asked by Jack on April 13, 2017

• Photon Control Inc. (PHO $3.60)
  • $3.60 P/E (TTM): 30.31X Cap: $376M
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• Element Fleet Management Corp. (EFN $37.18)
  • $37.18 P/E (TTM): 27.48X Cap: $14.92B
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• Shopify Inc. Class A Subordinate Voting Shares (SHOP $198.49)
  • $198.49 P/E (TTM): 81.84X Cap: $257.91B
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• Currency Exchange International Corp. (CXI $22.50)
  • $22.50 P/E (TTM): 15.18X Cap: $139M
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• goeasy Ltd. (GSY $207.45)
  • $207.45 P/E (TTM): 12.56X Cap: $3.33B
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• ECN Capital Corp. (ECN $3.06)
  • $3.06 Cap: $861M
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Q: Hello 5i
I hold full positions in the above 5 companies in my tfsa and am looking for a replacement for EFN. I am interested in growth and am not concerned with volatility. Also interested in a mid term hold. Many thanks.
Les

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Read Answer Asked by Les on April 13, 2017

• Canaccord Genuity Group Inc. (CF $10.45)
  • $10.45 Cap: $1.07B
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Q: The long-term chart seems to show that the downtrend is over. Going back to 2014, the stock was 12.00. Then the oil crash happenned and they suspended the 4% dividend. Today it's 4.80. I'm trying to decide if this is the time to get back in. Gold and commodity prices being up... is this what Cannacord needs to return to its previous highs? Thank you!

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Read Answer Asked by Matt on April 13, 2017

• Sun Life Financial Inc. (SLF $82.06)
  • $82.06 P/E (TTM): 15.07X Cap: $46.64B
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Q: Down about 11%. Is it time to sell and allocate funds to CLX, RRX, BUS or other 5i recommendations?

Thanks
Dave.

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Read Answer Asked by David on April 13, 2017