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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: I hold positions in these three banks. What entry points would you be comfortable adding to these names?

Thanks
Tim
Read Answer Asked by Timothy on February 14, 2024
Q: These 3 names get a lot of very positive comments from investment mangers, portfolio managers, etc. 5i included. But unless I am missing something I just do not get it. Take BN , for example.which is touted as a growth stock, yet is about the same price as it was about 4 years ago. Not much growth there. BIP..un is the same price as it was around 5 years ago. So many positive comments. Yet the moment stocks see a set back as we have just had, these stocks get hit hard even though most money mangers ‘love, the companies. There has to be rationale for this disconnect, but it escapes me.
Read Answer Asked by John on February 14, 2024
Q: We have well-diversified Canadian portfolio (~30 holdings) focused slightly toward growth. Across our various accounts we are overweight in the Financial Services sector. We are considering reducing our holdings in the traditional banks, which are currently roughly equal amounts of TD, BNS, BMO and RY.

Putting aside potential taxation issues, given the choice between reducing all the banks by roughly the same amount or reducing the number of banks to 2 or 3, which would you prefer and why? If it's the latter, which banks would you keep and in what order?

Thanks,

Peter.
Read Answer Asked by Peter on February 13, 2024
Q: How well do you know this company and its management?
Interest rates have really helped clearly but seems like they have made some nice moves ...2021 acquisition of 40,000 accounts from community/Computershare Trust right before rates went up... relaunching the CSS and increasing mortgage loan originations
Also from what I read they are the dominant player in Canada for alternative investments (growing) by a large margin is this true and why are there no other players in this? Noted that TMX Group and Western Pacifc are the only other options in Canada for these investments.
Sharecount has seemed stable for close to 10 years down 90,000 shares.
Any other thoughts?
Read Answer Asked by Michael on February 13, 2024
Q: Hi,

Your answer today on BKCC & BKCL prompted me to compare BKCC with Blackrock BKCL both of which have high dividends….and I still look for sustainable dividends and some growth. As 5i pointed out with BkCC ( usa) it “ tends” to pay a consistent dividend….BUT the share value has dropped from over $16 to about $3.70 today.

1. What is your best guess on the fate of Horizon’s BKCC over the next 5 years?

2. Given that Canadian banks pay consistent dividends and decent dividends….
again best guess…. would buying BNS, CMO, TD, RY, BMO be more likely to provide a better payoff over the same 5 year period.

Thanks.
Read Answer Asked by Donald on February 13, 2024
Q: I have held a position in both BN and BAM for the last few years and considering consolidating into one of the two. Would you recommend one over the other and why?

Thank you
Read Answer Asked by Constantinos on February 12, 2024
Q: Hi, Could you please comment on Affirm earnings. Thank you
Read Answer Asked by francis on February 09, 2024
Q: I have some cash to deploy but am feeling that everything is too expensive amidst the current euphoria.

Do you think it is worth sitting on cash, at least for a while, to see if things settle?

On the other hand, can you recommend 3-5 stocks in Canada and US that are at a good current price.

Also, and please take more points, can you name your top 2 sectors in each country.
Read Answer Asked by Kevin on February 09, 2024
Q: I was wondering if you knew much about FedNow. Online it says it will not replace apps like Venmo or Cash App, as it will depend on if your bank and the bank you are sending to opt in. But why would a bank not opt in? It sounds like many banks are already gearing up to implement it this summer. Once fully implemented at US banks, will it be similar to Canadian e-transfers? Why would customers not use it for P2P payments, such as splitting a tab, if it is free, just we we do here in Canada? Thanks.
Read Answer Asked by Kim on February 07, 2024
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