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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: Hello 5i
Would you please comment on what is going on with TCN these days. Seems to be weak and not participating with market up swings. It has been in a downtrend since Aug2015 a recent purchase has me underwater and the stock price appears to be heading back to the 2016 lows.
Has something happened to this stock from the viewpoint of major investors - making it a sell?
Thanks
Dave
Read Answer Asked by David on May 11, 2016
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
Read Answer Asked by David on May 06, 2016
Q: Melcor Developments (MRD) has a very long and distinguished reputation as a reliable and profitable developer and property manager based in Edmonton, Alberta. In 2013, MRD spun off some of its properties into Melcor REIT (MR.UN). The Reit’s stock price suffered a dramatic decline in 2015 from $10 to $7. Presumably this was due to “Alberta phobia” on Bay Street. However, the 2015 financial statements showed a 50% increase in net income. Debt remains around 55% of book value and the monthly distributions continue unaffected at a very sustainable 80% of net profits, for a current yield of 8.28%. The stock price has recovered somewhat to the $8 range. With oil prices seemingly stabilizing around $40 it would appear that the risk of property related defaults in Alberta is receding. While this is a small cap Reit, its management is top-notch and its financials seem sound.

What is your take on this stock ? Is it a Buy, sell or hold ? Too early to get in ?
Read Answer Asked by Don on May 04, 2016
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