Investment Q&A

Q: With a record immigration numbers and very few pre-construction sales due to the spook that high rates have put into real estate investors, there is a massive shortage of new housing units that has yet to be felt by the market (in my opinion). I think this is a uniquely Canadian problem and wonder if you see any companies poised to outperform when rates are falling and housing starts begin to pick up? Could you name 3-4 companies that would benefit in different ways when the shortage of available housing starts to translate into a rapid increase in units built?

Q: What is your updated view on Russel Metals after their latest earnings report and large acquisition (Samuel $225M) in December. Net cash position and commentary on some recent and future CapEx focused on value added moderinazation projects to expand margins. It seems like something has changed with the company finally breaking out from the 30-35 range it has been in for 15 years.

John Reid
"It's definitely been a very robust market compared to anything I've seen and really the sustainability of that over 3 years...So the demand has been very good and also price of steel has been very good... And so, yes, it's been a really nice ride for the last 3 years and we don't see anything really pulling back on that next or I guess the next 2 or 3 years as far as we can see out, we just don't see anything to change that right now."

Q: Payer; Does RUS even come on the screen for an acquisition re todays Nippon /US a steel deal ? Thanks.
Rod

Q: What would be some investments that would benefit from the potential residential building boom that is being incented by Federal money in Canada?

Q: of these 3 stocks which would you choose RUS-T, ALA-T, CNQ-T

Q: I own MTL and CN and done well. Any other similar companies I could add (with decent div. )

Q: I am looking for a replacement for cae in the industrials. Already own wsp, mg, tfi. Also can you give me 3 or 4 solid companies with little dept and low valuations.
Thanks Steve

Q: Looking ahead to the US re-industrialization policy what companies or sectors will benefit most from the growth outlined in the IRA? Top US and Canadian traded please.

Q: Good Morning. My mother (94 years old) is looking for a metals stock. She asked about Rus. I see it has been flat for a year (-2%). 5i seems to like STLC which is near a 52-w high and up about 60% over a year. I have Teck.b and it is near a 52-w high, so not sure about recommending that. I was thinking NTR (materials) may be a suggestion. Or what about FM as a new thought?

What would the experts at 5i suggest?

BTW, I suggested that she subscribe to 5i but she reminded me that she has never used a computer ... maybe lucky her!

Q: These are my current holdings and I am looking forward to 2023. They are held in relatively the same quantities in 5 different accounts, a RRIF, 2 TFSA's and 2 Non registered accounts. I am retired an enjoy the income. Do you see any issues with these holdings or have any suggestions looking forward. The only non dividend holding is AR.
Take any extra credits as necessary. Thank you in advance. Enjoy and appreciate 5i'S help. Happy New Year.

Q: In adding to my cash account, which of LIF and RUS do you prefer and why?

Q: would you buy some shares(10,000) for a 5 years term?

Q: Please, your take on RUS's results. Their NCIB announcement suggests considerable confidence in the near-term outlook; do you share this view?

Q: hello 5i:
today, would you sell (if already owned), AC; and buy EIF (not owned). Why or why not? Would there be 3 or 4 income stocks you'd prefer to EIF in the Industrial space?
thanks
Paul L

Q: Not a question, but a comment to support your response on Yues’ question.
Russel metals has also not increased its dividend in many years. So, this is not a dividend growth company.

Q: I am a young retiree with a well diversified portfolio. I could use some stability and dividend in my portfolio which is more focused on growth. Can I have your assessment on Russel metals. It seems that the economy should continue to do well even with some inflation as the markets seem to have digested the increase in rates. The world will always need metals to manufacture things. Why is Russel so cheap? Why is it not in your income portfolio?

Thanks a million LOL LOL

Q: LIF has taken quite the hit the past two days. I'm thinking to sell my RUS and buy the dip. What do you think of the swap? If so, do you have any advice on timing? LIF shows ex dividend March 30. Would it be wise to wait until then and see how it settles?

Thanks

Q: May I have your comments on earnings. Any sign of a dividend increase??? Thank you

Q: Do you think Russell represents good value at this time? It has an almost 5% dividend and a P/E in the mid single digits.

Thanks

Q: Got a bit of cash to invest for mid to long term in a non-secured account. . Looking at these two companies. The dividend and capital appreciation appear to be good. Your overall views? Thanks in advance.