Investment Q&A

Q: Retired, dividend-income investor, who usually follows a fully invested, buy-and-hold strategy for the long term but trims-adds around core positions to achieve the targeted asset allocation. I currently have <4% cash in the combined family portfolio.

Question #1 = for new monies into my wife's account as they become available, please rank the order in which you would invest into BCE, LNF, NWC....and why? I'm looking at where is the most Total Return upside over the foreseeable future. Ignore asset allocation, I've got that covered.

Q#2 = ditto for my account, please rank for new money investment into LIFE, ZRE, BNS, WSP...and why?

2 questions...please deduct 2 credits.

Thanks for your help, much appreciated.....Steve

Q: Please advise 5 top defensive growth stocks - Canada, US or global.
Many thanks for your advice.

Q: The quarter seems all right. Why the price down?
Thx.

Q: Could I get your thoughts on NWC Quarter report.
Do you think this would be a good entry point at this time.

Q: Own the following symbol / weight in my RRRS:

BCE 6.5 BEP.UN 5 BNS 4 CPD 5.9 CVD 5.5 EIF 2.1 ENB 6.1 LNF 2.5 QSR 2.4 SLF 3.3 TCL.A 3.1 WSP 5.9 XHY 6.8. ZRE 5

Please advice a new position from the Income Portfolio to add now:

AW.UN FSZ H MAL NWC PLC PRMW SYZ.V X

Much Thanks

Q: goood morning - i have full positions in NWC and PBH. NWC has been steady, with a bit of growth. PBH has done well. I am thinking of selling both and buying QSR for both growth and income. Would you consider this to be a net upgrade in position? Thanks

Q: Greetings.

Am I reading NWC's earnings report properly? I see earnings were 80 cents per share and consensus eps was 57 cents. I also see consensus for 2022 is $2.40 and $2.47 for 2023. Do you have the same numbers?

What did you think of NWC's Q1 numbers and what do you think of the stock as a long term hold?

Thanks.

John

Q: Sorry, one follow up on my initial question earlier today.

Did you find it odd that NWC has halted before their earnings? I am guessing the stock was halted because of the significant beat? However, in the q1 report, there was zero reference to the halt or to the big beat that you normally see when a company significantly outperforms eps expectation (example: xyz company reports record Q1 eps...)

It probably doesn't mean anything either way. I just thought that was a little unusual.

Thanks.

John

Q: Your thoughts on their quarterly results?
Thanks...Steve

Q: TD Waterhouse are opining today (in advance of NWC's Jun 9 quarterly reporting) that the "quarter is expected to be the last strong quarter before EBITDA turns negative".
What information if any have you to support or refute this statement?
What are your thoughts on whether to hold or sell NWC going forward?
If sell, what replacement recommendations have you?
Dividend-focused investor, with NWC & PBH in consumer staples, and LNF, MG & CTC in consumer discretionary.
Thank you for your thoughts.

Q: Non-registered account with goal of primarily dividend income has done quite well, with all of the noted holdings nicely in positive territory. In hind sight MG and SYZ would have been in a registered account. SYZ is up 63%, MG 24%.
Overall account yield is currently 3.8%. Would prefer it closer to 5%
Need some help with this "good problem". Take capital gain now and move into yieldier positions, or let running stocks run and deal with bigger gain in future?
If I move out of some of the growthier stocks, which div payers minimum 3% yield to move into?
Overall portfolio diversification is pretty decent, and diversification within this account does not have to be perfect - dividend security within this account is more important.

Thanks,
Jim

Q: Hi guys.

What are your thoughts on North West Company's earnings, today?
They beat earnings but announced the CEO is leaving. They also announced "earnings in 2021 will be meaningfully above pre-Pandemic (2019) levels but likely below 2020". I think this was already baked into the bake as consensus 2021 eps estimates is 20% lower than 2020.

Your insights are always appreciated.

John

Q: Retired, dividend-income investor. I own the following Cons Staples = NWC, PBH, PLC, as well as I am building a Cons Discretionary position in Leon's.

I am looking for another Disc stock. I remember seeing a related question on this a few days ago, but couldn't find it. What are your favorites right now for me to do further research on? I must admit I lean towards value stocks, as I have difficulty in buying something that has already had a good run.

Could you give me 3 Discretionary names on the conservative side and 3 on the more aggressive side...no speculative names. If we can't find a suitable Discretionary stock, I might add another Staple name, like possibly ADW (it is listed as a Staple, which is absolutely true in our household, but it could be Discretionary...compared with food). Could you therefore give me 3 Staple names that might fit well with my existing Consumer holdings? So, I need 9 names, if possible. The cash available is in my TFSA, so while a dividend is nice it is not imperative.

Thanks for your help...much appreciated...Steve

Q: Retired, dividend-income investor. A question earlier today has motivated me to finally ask this question....been thinking of it for quite a while. It had to do with potential rising interest rates and your response was that dividend investors should be prepared for a bumpy ride in the short term (my paraphrase of your answer).

I own the above securities and for the most part trim-add around core positions that I hold for the long term. Is it possible to divide the above securities into two camps....one that would be "ok" in a rising interest rate environment and the other that I should consider trimming a bit or maybe selling? I am ok riding things out for the long term and do not normally react to short term volatility.

Thanks for your help....Steve

Q: I am looking to add new position in the C.Non Cycl. sector. My lean is to the balanced and income portfolios. How would you rank the above and which companies represent the best buying opportunity now( or is now not the time for this sector) and why?
Thanks,
Mike

Q: Retired, dividend-income investor. Is NWC one of the stocks that is a source of capital to invest in growthier names and the reason for the recent drop? I trim-add around a core position. At what level would you top-up?

Thanks...Steve

Q: good afternoon

i have positions in both PBH and NWC. PBH is growing slowly but steadily and NWC has been basically flat, albeit with a decent dividend. What would you say to selling NWC ( no gain) and reinvesting the proceeds in PBH? I have long horizons. Thanks.

Q: No news I see today. Any reason you can see for the healthy movement in this one?


Sheldon

Q: I own bce in my rrsp account. I know it has a good dividend but the stock has been flat for the last few years. I was wondering if you could recommend another dividend stock that was relatively safe but would have a bit more growth potential.

Q: I am looking at putting together a portfolio of set-&-forget Canadian dividend-paying stocks, in what will be my only unregistered account, making up about 30% of our overall portfolio. The registered accounts (70% of portfolio) are now all in mixes of VGRO, VBAL and XAW.
My emphasis is on stable large cap companies, with a sprinkling of smaller cap, low beta, decent and growing dividends. I expect to draw down the capital at 6 - 7% per year (in addition to the dividends). Beyond the drawdown, capital preservation is secondary to the income.
What are your thoughts on the following mix? Additions/deletions?
Communication: BCE, T
Consumer Discretionary: CTC.A, LNF
Consumer Staples: NWC, PBH
Financials: BNS, TD, SLF
Industrials: SIS
Materials: SJ
Real Estate: CRT.UN
Energy & Utilities: ENB, AQN, FTS, ACO.X, BEP.UN (or BEPC)
My other thought is 100% CDZ but I'm not very impressed with the historical returns and the (relatively) high MER.
Thanks. Lotar.