Investment Q&A

Q: Please provide your thoughts about Terra Firma. What is the key business risk with this company? Would you rate it a buy at current price. Appreciate your help.

Q: Hi Team,
I received notice from Economical Insurance, as a policy holder, that it plans to go public (demutualization). Apparently if I choose to participate, I can receive shares (or cash in lieu of shares). I have been informed I am an "eligible non-mutual policyholder." This affects 630,000 policy holders.

I am completely unfamiliar with this process. Do you have any information you can share about what this means and do you have an opinion on the value this may offer?

Many thanks. Michael

Q: WHY THE BIG RUN UP IN fEIRRA Capital Corp from mid February,followed by a big drop since then?

Q: Sentry Global REIT Fund cut their distribution at the beginning of the year. Is it still a good buy?

Q: Good morning Team. It is 9:44 Tues morn and both POW and SLF are climbing. I would have thought the opposite. I own approx 1.75% of each. Both are under for me but should I shave or sell one before they begin ???? to drop as I suspect they will??? Also ..may I suggest that all of us and 5i put the day and approx time in the Q and A as often we dont know when a question was asked and sometimes timing is important. Just a thought..Much thanks as always

Q: Can you give me a your opinion on making a switch in the financial part of my portfolio from POW to FSZ. Increased risk, dividend stability etc. I currently hold POW, SLF, BNS, HCG, and TD all in 2.4% to 4.3% range.
Thank you 5i!

Q: Why add to portfolio now? From what I can tell not much changed since most recent 2014 report. Worry this is bad signal for broader market.

Q: Hi 5i,

All the previous questions about bank bail-ins and margin accounts has started getting me worried. I didn't realize that margin account holdings were not segregated like cash accounts. Anyway, I have accounts with one of the bank discount brokerages. My biggest account is a margin account. I don't use margin too often, but sometimes I will if I see good value and lack the funds at the time of purchase. Am I over-worrying things? I don't want to lose money in the event of a financial crisis with the bank. Should I convert my account to a cash account?

Thanks in advance!
Wayne

Q: Is the recent drop in Power's price related to possible claims from the Fort McMurray disaster? I think the insurance holdings are mainly life assurance, not property insurance. Is there another reason for the drop?
Thanks for all you do.

Q: Comments on the latest qtr, would you add to an existing position on this small pull back? TD seems very negative compared to last qtr. Any chance of a dividend hike soon? Thank You Ron

Q: Hi, I am an income investor and would like your opinion on the major Canadian banks right now. Do you feel that they are attractive at current prices as they are nearing 52 weeks highs? Or would you recommend holding off until they come down in price?
Which banks do you like the most for future growth?

Q: Could you comment on results ?

Q: Do you think the insurance claims from Fort McMurray fire damage will have an impact on the stock value of insurance companies

Q: Timbercreek Mortgage Corporation TMC
Hello 5i.
I am a holding of TMC bought at lower price. Today's news looks like a good initiative and beneficial to holders of TMC - company size, TSX exposure and reduction of fees paid.
Would you please comment on how a holder of TMC should interpret the news? What are your thoughts on TMC from dividend sustainability given it trades at an 8.78% yield today?
Current trading has investors indicating they do not like the transaction.
Thanks
DAve

Q: ETFs--ZPW,ZWA,ZWB..ZWH,ZWE--all yield 5-7% range . Are these ETFs a benefit for yield -- 3 yr. hold --- looking for income . Would like your assessment & thoughts

Q: I was looking to add to my position in CI since I noticed that they raised the dividend as part of the earnings release - which on the face of it looks like good news. however, when reading through the results, specifically cash flow, i noticed that the dividends and share buybacks are more than the cash flow from operations and it looks (to me) that CI has used debt to fund the share repurchase and dividend. i know people think CI is a potential take over candidate but i'm not so sure. Who knows if that is ever going to happen. given the headwinds facing CI and the industry in general i'm hesitant to put additional funds into CI. Can I get your take on CI's cash flow? And would you prefer BNS, TD or MFC as an alternative to CIX?

Q: Hi 5i team,

With the HCG's miss - although understand you do not see real concerns. If you had a full position in HCG, would you consider switching 1/2 to FN?

Thank you!

Q: I would appreciate your take on the first quarter earnings miss. They have had several misses in a row, but I am encluraged by the growth in originations (finally). I would appreciate your thoughts.
Thanks,

Q: How does the disaster (fire) in Ft McMurray affects the earnings and stock prices of IFC ?
thanks

Q: Peter; I just read MFC is planning a second attempt to sell , in Singapore , a IPO of its U.S. real estate properties of 566 million units at $.82-.83 cents U.S. Why would they do a IPO of their US properties in Singapore ? Thanks. Rod