Investment Q&A

Q: Hi Team,
I see the independent review in response to the short report is out. Do you have any concerns especially with the following?

Corporate Processes and Controls

The Committee and its advisors also considered the performance of Intertain's corporate processes and controls and the financial and governance functions and oversight at Intertain. The Committee has made recommendations for changes and improvements in these areas, including to address inadequate documentation, approvals and record keeping in respect of certain payments previously made by Intertain that were recorded and fully expensed by it as transaction expenses in connection with its prior acquisitions.

Thank you, Michael

Q: what do you think of this company for income and growth.

Q: Peter and Team,

I've been a holder of CSU for a number of years, trimming the position as it gets overweight in the portfolio. With the recent down draft, I am at approximately 4% weighting.

Any thoughts on topping up the position and, further, why the big downdraft in the stock now? I have seen these down drafts with CSU leading into earnings announcements in the past only to have them beat and the stock rallies a lot in the following weeks.

Thoughts? Is this a case where we should sell and wait on the sidelines until we see a bottom start to form from a technical perspective and then buy back in?

Q: Further to "February 08, 2016 (asked by patricia)" earlier this morning. I have numerous CAD margin accounts at TD Waterhouse. This is to facilitate selling one stock and then quickly buying another stock without waiting for settlement date. I NEVER have a debit balance in my margin accounts. My understanding is that my stock positions are held in BULK SEG at the brokerage and treated as if the margin account was a Cash account. Can you comment on this. Is there still any danger during a banking crisis??

Q: ANY THOUGHTS ON THE TAKEOVER OF LAKESHORE GOLD-IS THIS A GOOD THING?

Q: 5i Team, other than currency headwinds because results are reported in USD (which should entirely offset when shares are held on TSX) can anyone see what is not to like in the CIG full year results today and explain why the stock did not recover after the recent RBC downgrade to market perform quickly shaved 20% off the stock?
In the result I see: 1. Q4: strong organic local currency revenue growth across the three geographic regions (range 6% - 12%)supplemented by acquisition growth) and strong local currency growth of 8% to 15% across the three business segments. 2. record revenue and net profits (up 16% in Q4 and up 30% full year), the antithesis of an earnings recession plaguing so many companies, 3. an ROE of 58% ($86.1/$149.5), 4. Local currency revenue growth in Q4 of 11% and full year of 18%, 5. Improving margins exceeding double digit goal 6. A P/E multiple of 14x (USD 2.29 eps converted to CDN 3.20 and a CDN 45.00 stock price.
I look forward to your comments and thank you.
Keith

Q: Regarding the just announced merger with Tahoe Resources. I currently own LSG.DB in 2 accounts. One account has to be liquidated as it is a source of retirement income. What would your suggestion be so as to try and maximize the proceeds from the sale? Also, I believe that the Change of Control provisions in the September 7, 2012 Trust Indenture (page 10) are applicable - would you be able to ascertain what the revised conversion price (if any)is or does the conversion price remain at $1.40? Thank you for your help in this matter.

Q: Peter and His Wonder Team
TA has bounced over 40% off a new low in the past few weeks. Is there any new news to warrant this or is it just a typical bounce off the bottom. Any reason to think it might go higher or would a smart investor sell into the rally and find better odds elsewhere?
Thanks again!
Respectfully...
Dr.Ernest Rivait

Q: Hi all, what are your latest thoughts on this stock, and its potential over the next year?

Thanks again for your advice

Q: The Banks exposure to the Oil and Gas debt(losses)and non-payments of loan losses in particular Bank of Nova Scotia. Therefore, how many are not paying, behind in their payments and how many will never pay them back or written off. In addition, how much does BNS have set aside(Reserves) for direct and in direct loan losses(debt), and any other helpful figures and etc.

Q: Mexico's claim against Primero looks pretty flimsy; is today's price slump a buying opportunity? Supposing they came to a compromise with Mexico, wouldn't their low all-in costs, plus some offsetting revenue from their Canadian operations, imply a higher valuation?

Q: Hi Peter and Team,
I recently bought this stock, 1.2% of my portfolio.
What do you think of this company, would you recommend me to pump up to 1.5% in view of the recent strength of the sector, though I understand it will take a long time to get recover for this sector.
Thank you for your help.

Q: Please give me 2 oil and 2 gas producers that have low cost production and strong balance sheets to assure they will be here next year. In addition please name your 2 best picks for service companies with strong balance sheets. I would prefer larger Canadian companies. Thank you.

Q: Is there no future for this co. based on the space in which it operates ? Another Torstar ?

Q: Hi,

When/if oil bottoms, what oil related Cdn and U.S. stocks would be suitable for a long term hold, and why? Pipelines? Refiners? I have little experience with oil/ gas as I have consciously stayed away from them. Now they look tempting. Could you give me 2 or 3 choices in both CDN and U.S.

Q: your opinion please
thanks brian

Q: Peter and His Wonder Team
ATA dropped again today as low as $8.57...which is a new 52 week low. In relation to there balance sheet do you think this is fair value or is it still over priced? Also, when a good company has a disappointing quarter such as this what do you think is a reasonable average number of days the stock will crash before it stabilizes or hits a new floor. For example I have heard that you should wait at least 3 trading days to see if stability occurs...I know every case is different. I am just trying to get some guidelines which may help to avoid the "falling-knife"! Ha!Ha!
Thanks for your assistance!
Respectfully...
Dr.Ernest Rivait

Q: Is CRA form T1135 required for investments in this fund, since it invests in numerous countries in the world? And how on earth would an investor get accurate numbers for this? Or does the Mutual Fund company provide the necessary information?

Q: Thanks for the advice on keeping KGI for a while when SAS was taken over.KGI has gone up more than 20% during the past week or so & I'm wondering if there are any reasons for this increase? Thanks for your help as always.

Q: You mentioned that we should keep our money below $100,000 at ANY bank to have the CDIC coverage. Is this just Canadian banks?
Does this apply to Waterhouse accounts?
Is it the total amount that is held in an institution or is it individual accounts that have to be under $100,000? What happens to the $$'s above $100,000? Thank you.