Q: Do all companies restrict questions on earnings calls to sell side analysts?
Mike
Mike
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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: In Canada under a NCIB an issuer can only repurchase 10% of the public float in one year. Does the SEC have a repurchase limit based on shares outstanding/float or is the only limit that repurchases not exceed 25% of the average daily trading volume?
Q: Please explain what deferred share units are and grant of rights
What does this mean?
Director Deferred Share Unit (DSU)
56 - Grant of rights
+263,366 vol
What does this mean?
Director Deferred Share Unit (DSU)
56 - Grant of rights
+263,366 vol
Q: Could you explain what rights are and the difference between them and warrants. Is it beneficial to own these and how does one buy or obtain them?
Thanks
Jeff
Thanks
Jeff
Q: Subscribers sometimes ask 5i for the current P/E versus the historical P/E range on a particular stock. Is there a reliable, free and user friendly source of historical P/E ranges on Canadian stocks?
Q: Hi 5i team,
Your answer to the question asked by Lisa on June 27, 2023:
"we prefer one-month options at just above (or below for puts) current prices. The reason is that many estimates mis-judge short term volatility. In a 'normal' year (not the past three!) stocks do not really move that much, on average, in a month"
1. Can you provide more details or materials on this strategy?
2. Are these one-month options for buying puts or selling calls?
Best,
Matt
Your answer to the question asked by Lisa on June 27, 2023:
"we prefer one-month options at just above (or below for puts) current prices. The reason is that many estimates mis-judge short term volatility. In a 'normal' year (not the past three!) stocks do not really move that much, on average, in a month"
1. Can you provide more details or materials on this strategy?
2. Are these one-month options for buying puts or selling calls?
Best,
Matt
Q: Good morning, have you ever invest on margin in the past ? If yes what was your experience and the outcome that you had ? Also what is the maximum % of your portfolio do you think is safe and feel good at night if you invest with borrowed money ? thanks
Q: When you quote long term PE ranges where do you acquire this information?
Q: Hi,
I was wondering if my interpretation of the timing of PSA's monthly payment is correct. My Investor's Edge account says for last month: "PURPOSE HIGH INTEREST SAVINGS FUND UNITS SAVINGS FUND UNITS DIST ON XXX SHS REC 07/28/23 PAY 08/08/23."
I take this to mean, if I hold the shares on 07/28 I will receive the dividend on 08/08. For this month, if I were to sell my PSA shares after 08/28/23, I would still receive the dividend in September. Do you think I have that correct?
Thank you. Michael
I was wondering if my interpretation of the timing of PSA's monthly payment is correct. My Investor's Edge account says for last month: "PURPOSE HIGH INTEREST SAVINGS FUND UNITS SAVINGS FUND UNITS DIST ON XXX SHS REC 07/28/23 PAY 08/08/23."
I take this to mean, if I hold the shares on 07/28 I will receive the dividend on 08/08. For this month, if I were to sell my PSA shares after 08/28/23, I would still receive the dividend in September. Do you think I have that correct?
Thank you. Michael
Q: A rookie question but I’ll leave it public just in case anyone else has the same question. I don’t understand how to calculate what I need to sell or by to reduce or increase my allocation. If your recommendation is to reduce a sector from 10% of portfolio weight to 5%, do I sell 5% of my holdings in that sector or 5% of the entire portfolio value from that sector?
Q: Good morning,
I know this might be an odd question, but hear me out.
What are your thoughts on taking a more dynamic approach with one's cash allocation in a portfolio to enhance yield? I know there are tax and trading cost implications with the following, but aside from these, what are your views on moving cash towards the end of each month, prior to the ex-dividend date, to a covered call fun like HHL, and then sell just after the ex-dividend date and keep in cash until the end of the next month. A fund like HHL appears to have "some" price volatility (of course), but also a yield approaching ~ 9%. It seems that by taking a more active approach to one's cash, and moving it in/out of HHL monthly to coincide with monthly cash distributions, might make some sense. So long of course as you are prepared for the fact that there is ample scope for capital gains/losses that you would otherwise not have if you were to hold just a GIC at ~ 5%.
I know this might be an odd question, but hear me out.
What are your thoughts on taking a more dynamic approach with one's cash allocation in a portfolio to enhance yield? I know there are tax and trading cost implications with the following, but aside from these, what are your views on moving cash towards the end of each month, prior to the ex-dividend date, to a covered call fun like HHL, and then sell just after the ex-dividend date and keep in cash until the end of the next month. A fund like HHL appears to have "some" price volatility (of course), but also a yield approaching ~ 9%. It seems that by taking a more active approach to one's cash, and moving it in/out of HHL monthly to coincide with monthly cash distributions, might make some sense. So long of course as you are prepared for the fact that there is ample scope for capital gains/losses that you would otherwise not have if you were to hold just a GIC at ~ 5%.
Q: Hi 5I,
Regarding El-Annons question on JEPI actual dividend rate, For future reference where does one find the actual dividend that these guys, and maybe others ETFs, actually payout,
I was fooled by the dividend rate posted on brokers site,, it also says 10.2 %
Thx
Regarding El-Annons question on JEPI actual dividend rate, For future reference where does one find the actual dividend that these guys, and maybe others ETFs, actually payout,
I was fooled by the dividend rate posted on brokers site,, it also says 10.2 %
Thx
Q: Is there a software or spreadsheet template you can recommend to track stock portfolios as well as thougts or influences on the decision making process that was made to buy sell or hold?
Q: Not looking for a full-on accounting lesson here, but can you explain why some CEOs would emphasize cash flow over earnings? Is cash flow a better metric than earnings for all companies or just some?
Q: Peter,
What can you tell me about the class action lawsuit regarding Maxar Technologies. I received a proof of claim form in the mail. It mentions an award of $27m. There are currently 74 million shares outstanding.
Thanks
Paul
What can you tell me about the class action lawsuit regarding Maxar Technologies. I received a proof of claim form in the mail. It mentions an award of $27m. There are currently 74 million shares outstanding.
Thanks
Paul
Q: Do you know where you can consistently find "shareholder yield". Is there a company or service that shows this metric when analysing securities?
Q: Hello 5i,
This message from RBC Direct Investing has just come through. I thought it might be of some interest to the broader 5i community. My guess is that soon the other large banks may follow suit if they have not already done so. Worth keeping an eye on.....
Effective October 31 2023, RBC Direct Investing Inc. is amending the ‘Conflicts of Interest Disclosure’, section 3 to delete the following sentence:
“RBC Direct Investing does not currently offer high interest savings account ETFs.”
Access to high interest savings account Exchange Traded Funds (ETFs) is now available on the platform.
Cheers,
Mike
This message from RBC Direct Investing has just come through. I thought it might be of some interest to the broader 5i community. My guess is that soon the other large banks may follow suit if they have not already done so. Worth keeping an eye on.....
Effective October 31 2023, RBC Direct Investing Inc. is amending the ‘Conflicts of Interest Disclosure’, section 3 to delete the following sentence:
“RBC Direct Investing does not currently offer high interest savings account ETFs.”
Access to high interest savings account Exchange Traded Funds (ETFs) is now available on the platform.
Cheers,
Mike
Q: During the period from 2009 through to 2014 I was a shareholder in Imperial Metals. I just received a "Notice of Settlement" related to a class action.
The basics are a $6 million settlement, minus $1.8 million to the lawyers, minus settlement costs, with the balance paid pro rata to Class Members (with a list of excluded persons, like Murray Edwards, etc.).
I've done a bit of preliminary work here. I held 3600 shares as of the key date Aug 14, 2011. I sold all of my shares, the last being in 2014. Cumulatively, I made a reasonable return.
I have followed CRA's direction and kept all of my documentation for the past 6 years. However, we flush all outdated official records (buy and sell confirmation slips). I would need to contact RBC to obtain copies and probably have to pay to get them.
In your view, is this worth pursuing...financially I would get "something". In reality, I am guessing the lawyers would get most of the money and there would be some scraps thrown around to the rest of us.
Any thoughts or guidance would be appreciated.
Thanks...Steve
The basics are a $6 million settlement, minus $1.8 million to the lawyers, minus settlement costs, with the balance paid pro rata to Class Members (with a list of excluded persons, like Murray Edwards, etc.).
I've done a bit of preliminary work here. I held 3600 shares as of the key date Aug 14, 2011. I sold all of my shares, the last being in 2014. Cumulatively, I made a reasonable return.
I have followed CRA's direction and kept all of my documentation for the past 6 years. However, we flush all outdated official records (buy and sell confirmation slips). I would need to contact RBC to obtain copies and probably have to pay to get them.
In your view, is this worth pursuing...financially I would get "something". In reality, I am guessing the lawyers would get most of the money and there would be some scraps thrown around to the rest of us.
Any thoughts or guidance would be appreciated.
Thanks...Steve
Q: This is a general comment in response to D's question asked on August 14, regarding BNS. I would agree with 5i that it's the valuation; yield and growth + the price we pay for a stock creates future value.
For example, owners of quality individual shares obtain stock splits every decade or so. 200 shares of BNS bought in 1990 for $4,800, for instance, with splits, are now 800 shares. When you multiply 800 shares by the price of $80 it's $64,000. And, dividends now provide more than half the purchase price ($3.10 times 800 = $2,500) Stocks get safer as time goes by. BNS now has a $60,000 buffer before we lose capital; however you have to wait a couple of decades to get it.
D should be a holder of BNS and quality companies that pay a dividend. Yield + Growth + the price paid for a stock, will create value.
For example, owners of quality individual shares obtain stock splits every decade or so. 200 shares of BNS bought in 1990 for $4,800, for instance, with splits, are now 800 shares. When you multiply 800 shares by the price of $80 it's $64,000. And, dividends now provide more than half the purchase price ($3.10 times 800 = $2,500) Stocks get safer as time goes by. BNS now has a $60,000 buffer before we lose capital; however you have to wait a couple of decades to get it.
D should be a holder of BNS and quality companies that pay a dividend. Yield + Growth + the price paid for a stock, will create value.
Q: Any suggestions for a Web site about US preferred shares?
Thanks
Thanks