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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: Dear Peter and Staff,

Bank of America is being taken off the Dow; would you please give me your opinion of what might happen to the stock price. Should I hang on or take my gain and move along?
Many thanks, a day doesn't go by without my reading your questions/answers etc. Your service has been a tremendous help.
Many thanks, Catharine
Read Answer Asked by Catharine on September 10, 2013
Q: Hi 5i Staff,

I've recently read an article about Canadian mortgage investment corporations in Moneysense magazine and this was the first I've heard of the them.

What is your take on them and do you have 1 or 2 that would be recommended as part of the income portion of a portfolio?
Read Answer Asked by Sarj on September 09, 2013
Q: Good Morning Peter and Team,
I am looking to add to a small position in Fiera Capital (FSZ- T). FSZ is growing much more quickly than other comparable small cap asset managers which makes most valuation comparisons difficult. However using the valuation metric "Enterprise Value divided by Assets Under Management" FSZ compares very favourably to other managers. See below:
FSZ- 1.2%
GS - 8.9%
SII- 4.7%
GCG.A- 2.4%
AHF- 2.1%
Excluding the recent deal that FSZ just announced the above list shows Fiera as undervalued compared to other small cap asset managers. My question: Is this valuation metric and line of thinking valid ??? I would appreciate your opinion.
Thank you. DL
Read Answer Asked by Dennis on September 05, 2013
Q: Hello Peter and associates, you have mentioned the savings available if one can buy several of the big banks instead of ZEB. I would like some bank(s) exposure (approx. $20,000.00 total). Of the "big six" banks in Canada can you tell which two you like the least? Also, if I buy ZEB it is eligible I understand for a partial drip program and I could reinvest in units, but if I bought a number of banks individually each quarterly dividend might not be enough to purchase a full share of each stock as the dividend is received, so I would be "eroding" some of the savings? Thank you, Bill.
Read Answer Asked by Bill on September 04, 2013
Q: Peter,

What are your thoughts on Fiera's deal announced today, strategy to grow through acquisition in the competitive US Wealth Management market and valuation on assets acquired?

Thanks,
Zach
Read Answer Asked by Zach on September 03, 2013
Q: AGF.B,which I have held for 5 years and doesn't really owe me anything on present price, keeps paying out the dividend despite apparently poor metrics and has even been rising for some time. Yet the market doesn't really seem to care. Is there something keeping it going such as a sale or might it be a good time to sell before it craters(it is only a small component of an income portfolio).
Thanks as always.
Read Answer Asked by David on September 02, 2013
Q: CIBC [CM]. I've heard it said banks tend to revert to the mean over time, so that those that are under performing tend to 'pull up their socks'. With CM and National Bank [NA] having yields over 4% would they be good banks to build/expand a portfolio of banks around assuming that, over time, their yields will come down?
Thanks for your thoughts on this.
Ron
Read Answer Asked by Ronald on August 31, 2013
Q: Sorry, it was Blackstone (BX-NYSE) that I meant to ask about. Biox also sounds interesting but a very different sort of investment.
Regards, Gail
Read Answer Asked by Gail on August 28, 2013
Q: Hello, I am thinking about buying an life insurance company as a hedge against rising interest rates. I would switch funds that I currently have in Riocan REIT. Do you think that this is a good idea and if so which of the companies would you recommend ie Manulife, Sunlife, or Great West Life. or any other insurance company you like. Thank you very much for your consideration.

Read Answer Asked by Alan on August 27, 2013
Q: Good morning 5i,
I own E-L Financial Corp's preferred shares ELF.PR.F, which I bought 4 years ago yielding 5.5% at the time. The shares are now lower and yield almost 6%, so I'm thinking of adding more to my portfolio (currently a 1% weighting). Other than interest rate risk, is there anything about this particular issue that would not make it a good candidate for long-term income? Many thanks in advance,
Brian
Read Answer Asked by Brian on August 26, 2013
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