Investment Q&A

Q: When are the results expected and could you post street estimates, please ? Also, how much is the insiders ownership in the company ? Thanks

Q: Just curious why this is being called Element Financial rather than Element Fleet? It took me a while to realize that this must be same company.
Thanks.

Q: CRIUS ANNOUNCES 2% DISTRIBUTION INCREASE AND CONFIRMS FIRST

As a div, addict is the above increase an indication that cash flow can reasonably cover the div. or is it a div. trap.
All I want from them is the div. but would like to know if you think their business model can sustain it,
thanks
Yossi

Q: Sylogist just released its quarterly earnings this morning. Would appreciate your comments. Any concerns with slightly lower revenue ? Thanks

Q: Any reason for MX getting hit today....down 4.5% already.
Thank you!

Q: I realize that AIF stock price has risen about 16% in the last 12 months but since early Jan of this year it’s been on a continuing decline. Can’t find any reason - maybe large shopping malls suddenly out of favour? Or is it sector rotation? What is your thinking on this stock?

Q: Seems like a barrage of questions on Cineplex, in a week, but will ask, anyway. What is its current/ forward PE and is the present valuation justified (even after the steep decline) ? Do you expect Cineplex to continue to generate strong cash flow to pay down its very high debt load ( $600 mln ? ) and support 4.5 - 5% dividend ? How are the results of Cineplex capital investments in new initiatives like Rec rooms and VIP Cinemas ? Cineplex was removed/sold from 5iPortfolios, last year, in what looks like a smart move. But added back to Income portfolio, after some time, at a much lower price ($36.50, I think). With the recent drop in price, do you still have conviction that it's a good income stock to own and would you add ? Also, any change to A- Rating, with all recent developments and outlook ? Thanks

Q: Constellation Software announced this morning of a nice acquisition of Acceo Solutions for a price of $250 mln.
Q1: Seems like a good size acquisition, after some time. With annual proforma revenue of $116 mln, how significant is this transaction ?
Q2 : What is your understanding of the proposed financing ?
" Constellation expects to finance the Acceo acquisition on a stand-alone basis. This is a continuation of Constellation’s use of leveraged capital structures to compete more effectively for larger vertical market software businesses. "
Thanks

Q: Hello Peter. What do you think about the $250M deal that CSU announced this morning, and what do you think it will do for CSU's outlook and share price going forward in the near/mid-term?

Thanks,

Q: As a follow-up to your Jan 12 reply to Elmer: I bought OTEX a couple of years back partly based on a very low PE in the 6-7 range (Thompson-Reuters stock info in National Post). Same source now has PE at 80. Your response says: the stock is cheap at 13X earnings. I'm confused. Could you explain? Should investors ignore the Thomp-Reuters numbers, or how can they be used?
Thnx in advance.

Q: Savaria is a small company in what seems to be a fairly fragmented market. What are their competitive advantages? Do they benefit from patents? Who are there primary competitors?

Bought a full position on your recommendation and it has run up nicely from the ~$14 range. Would you continue to hold? Also, what is the forward PE multiple?

Thanks very much!

Q: What are your thoughts on $wsp going forward. I currently hold a full position.

Thanks Valter

Q: Has WCP been buying back their own shares and if so how much? Thx

Q: What would you add to today in BE, regardless of sector, current holding size, etc.? What looks good? Many thanks.

Q: When does toy report earnings next. What are expectations?

Q: Go Easy has had a nice run bought in at $27.00 Now 39 do you think it has a ways to go or would you take some money off the table thanx

Q: With Savaria getting 64% of their revenue from the US, do you see a material change in EPS with the US tax being reduced to 20-25% for Savaria?

Thanks, Barry

Q: Please your take on its 2% increase in distribution for the 1st 3mos of 2018.Thanks for u normal great services & views

Q: Update please

Q: Hi Peter,

SIS has grown to about 9% of my portfolio from an initial 6% and wondering if you think there's any more upside? My full positions are 5-7% so wondering if I should continue to hold or trim my position?

On the other hand GUD is down 20% and wondering if I should add more here or start a new position in CLS (I'm low on tech) if I do trim SIS. All of these are/will be in my TFSA.

Also, wondering about ECN, what will it take for it to break out above $4? It seems to be stuck below $4 for a long time now. I hold this in my RRSP.

Thanks for your advice as always.