Investment Q&A

Q: Hello 5i Team,
LNR: This is a question about trading Linamar. Looking at Level II, most trades are always for 100 shares, and maybe the odd 200 lot, or 50. How is it that the share price rises so much (3% at this writing) on such small lot sizes? What don't I understand?
Many thanks.

Q: DND, Could you please give me your opinion of Ciphers report today, to me it looks good but I'm wondering why the stock is down? What is your forecast for this company, is it time to sell?
Thank you

Q: Hi Peter
Is there any reason why Macro Enterprises (MCR) is moving higher lately. It's up 37% off its lows over the past 10 days.
I can't find any news on it.
Thanks

Q: What is your outlook for GIB.A since the first quarter report has been filed?

Q: Hello Team,

I am surprised there were no questions about CCL Industries (CCL.B) today. Wow, what a great day (up over 8% after reporting record numbers!). So glad you pointed out that company to me. Any additional insights?

Cheers. Michael

Q: would u buy surge energy at today price or is there a better one

Q: LGT.A
Hi Peter
May I have your thoughts on Logistec . I am think about purchasing this stock . Is now a good time to enter . Or is it too expensive .
Candi

Q: can you comment on LOY results- revenue growth looks good but the net income is a bit disappointing. Would you call it cheap at these levels? Thanks

Q: I have some cash I am thinking of deploying either in atd.b or hlf. which would you choose...or would you suggest something from the model portfolio instead. Thank you.

Q: What are thoughts about Nordex earnings (nxx-t). Would this be a good buy.
Tom

Q: Hi Peter,

Red knee solutions rkn has been on a slide lately despite being voted as a top 10 growth company. Your thoughts on this going forward. Also the technicals are weak.

Thanks
Paul

Q: please give an update on mre. Martinrea International
thanks

Q: Hi,

1) Regarding Alimentaion Couche Tard, Moneysense magazine rates it as a value stock and good growth co. The PE for both A and B versions are about 6.5. But when I listen to experts at Stockchase, they all talk about how expensive it is. I'm confused.
2) what do you think of either version as a long term hold?

Q: Prometic has dropped by 50% in two months and the slide is continuing as we speak. There has been no negative news. Any suggestions

Q: i am looking for an oppinion on Kelso Tech on venture exchange.It has patent on rail car loading systems.Is there more upside or is there better ways to cash in on the railways moving crude as pipelines are delayed.

Q: What is your view on Concordia health care corp? CXR on Tsx. another valiant in the making? Thx

Q: Hi Peter, As for Paul's holding of ALC.DB, I see a few more considerations for the analysis of this investment. Yield to maturity in 4 years at 2.5% assumes the debenture will be redeemed at par then, which is unlikely if the normal growth assumptions for the shares are applied and the debenture, now at a 12% premium to conversion, will be in the money, and the current $113 price will be a bargain then if the shares were to lift to, say, $24. If that is to be the route the shares will take, then conversion at a later date will be more advantageous or sale at a higher price for the converts, and a current yield of 5.3% is a fairer comparison to the share dividend of 1.8% than YTM of 2.5%. Only a flatlining or downtrend of the common would cause redemption at par in 2018.

A current 12% premium to conversion isn't large compared to lots of others including converts of FCR and MRT that I hold in RRSP where I tax shelter the interest, which is more advantageous than a taxable account. In fact I might switch for the lower conversion premium. If I'm making any false assumptions here, please correct me. Thanks, J.

Q: ALC.DB question of Apr 26/14 asked by Paul:

"Converting ...you would need to sell the debentures at the quoted price, buy the stock at the current price, pay taxes if you sold the debentures, and pay two commissions"

I don't follow the above answer. There are no commissions to convert as the broker informs the transfer agent and the shares are credited to the account. I have never seen a conversion fee at full service brokers such as McLeod.
The current yield is 5.30% (6/113) versus 1.77% for the common.
The yield to maturity losses will be gradual since the bond has 4 years to redemption. The bonds will hold up better than the common on the downside because because of embedded 4 year warrant in the bond. Conversion destroys the embedded warrant. Publish at your discretion.

Q: Does DHX own the rights to Johnny Test? This show is all my grandkids favourite. For example if they decided to start making figurines of Johnny Test and other characters would that not be a call to Disney to buy DHX for their huge potential? Or ignore if this is a ridiculous question.

Q: Espial Group (T.ESP) Q1 results on Wednesday indicate a company now hitting the sweet spot. At what market cap would you consider doing a detailed report on it?