Investment Q&A

Q: I was hoping to get your opinion on PATK, it has been beaten up pretty bad from yearly highs. I'm down about 50%, is this a company you would add to at this point. I originally invested due to the management team. Thank you

Q: RE: "MBA is losing money and has too much debt for any comfort level." I'm confused about this statement. MBA has been cash flow positive and has been making significant gains from their student housing projects, which includes 8% development fees and capital gains associated with the % ownership of the projects through the Joint Ventures.

Last year they made 0.25/share. That doesn't include the Pearson project who's fair value wasn't yet realized on the income/balance sheet and who's fair value adds another $49M of equity before minority interest or 0.18-0.19 of earnings/equity to CIBT shareholders. This company works similarly to BAM in that it takes outside money through partnerships, charges a management fee, invests into real assets, and realizes profits through eventual sales, and cycles profits into other opportunities.

All the debt is mortgages owned through the limited partnerships. The actual debt to capital before minority interests is normal in real asset financing and not actually very high, especially if you consider the unrealized gains, the cash, etc.

What's more, it's pretty easy to look to the projects they have, and estimate earnings, management fees, etc and come up with a reasonable forecast.

I don't know if your comment was referring to MBA as a mistake, but I encourage you to read the annual report vice relying on numbers on the Bloomberg terminal. In my opinion, this is a hidden jem.

Q: How would you interpret the recent spate of insider buys at DBO. Thanx Robbie

Q: Wondering if you have any info on the Covalon timeline for the contract with Saudi Arabia. If there are no problems with it when should it start to show on the bottom line. Thank You

Q: Hello,

Any news coming out of this Company? Of course I am in for the long haul despite 5i's decision to drop it from the BP. Seems to have found a bottom despite or because of a lack of information.

Appreciated!

Thanks

KC

Q: this stock is not looking good , any chance it could go bankrupt?

Q: Evrim Resources (EVM) dropped about 75% today on the latest drilling results from its 100% owned Cuale project in Mexico. However this company has several other projects which are well financed through joint ventures with other gold companies. I am just wondering if this stock has been oversold since there should be substantial value in the other projects even though they are joint ventured. Could you please comment on the accuracy of my take on this as well as any further information you could provide including the cash position, overall financial health, insider ownership/recent buying or selling, and quality/experience of management. Thanks as always for your great service.

Q: What is your opinion of the news release today of Drone Delivery Canada’s first commercial contract? Is this as significant as it appears?

Q: What do think of buying RCH as a potential tax-loss play?
It seems to have good fundamentals but maybe some headwinds from US trade uncertainty and housing market slowdown.

Q: What do you interpret from the latest news release in particular the resignation of Josh Crumb and the future of the Mene collaboration?

Q: May I please have your opinion. Thank you.

Q: May I have your opinion please. Thank you.

Q: I’m curious about IFOS. A guest on BNN recently described it as a smaller but more promising alternative to NTR. It’s selling for about $1 as I write this but it used to trade close to $400 per share. I certainly wouldn’t mind owning a 400-bagger, if possible, but before I step in I’d like to know what caused the overwhelming loss of value as well as your general opinion on this company and its outlook. It hasn’t stopped falling in price and the P/E is only around 2 (according to Google). Isn't it a red flag when the multiple is so low?

Also, the guest said that NTR wouldn’t do well in a recession and I’m wondering why and whether the same would be true of IFOS.

Please deduct as many credits as necessary. Thanks very much for your comments.

Q: May I have your opinion please. Thank you.

Q: Andrew Peller was a recent top pick by Ryan on BNN. Please compare with Corby in terms of risk, income, and growth. I have read past questions on these two, but would like a comparison as of now, for potential capital appreciation and income, in your usual thorough manner. Would you recommend one or perhaps both?
Thanks, Len

Q: I have held Goodfellow for about seven years now. Would you suggest it as a tax loss sale? It is a net net stock but the current assets are mostly inventory apparently. Any chance of recovery, I am down about 35%.

Q: Please comment on BEW's recent results.& going forward.Good increase in revenue,& cash is also up.My position is down to 1% after losing 62% on 0.50 p/p.Hold,sell or add. If sell,please give 2 replacement(do not have to be in same sector),Thanks for u usual great services & views

Q: I just read a press release that Siyata Mobile put out today announcing they have entered the Australia / New Zealand market. As of now it appears they have formed relationships with the major Telco's in Canada Israel , United States and now Australia and New Zealand. Everything I have read about this Company especially in the last 6 months gives me the impression that 2019 could be a Huge Year for Siyata Mobile. My question is , do you agree and if so what type of price target do you think they may achieve within 1 year ?

Q: What is your view about these companies after recent earnings. GOOD and MBA in particular had very good results. Please provide but the share prices did not budge and actually went down. Please provide buy sell or hold opinions on these companies. Thanks

Q: When I asked about this company in August 2017 (to date I am the only member to ever ask about this company) you were neutral/ambivalent to it as a good investment. YTD the SP up 24% and the dividend, despite the rising share price, is now above a 6.5% annual return. Still neutral?