Investment Q&A

Q: I am thinking of taking a capital loss on 3 securities:
ZAG, TIXT, TCL.A-C
What securities could I replace them with while waiting for the 30-day period before a possible repurchase of these securities?
Second question:
What is your opinion of TCL.A?

Q: You have been suggesting TCL.A is a sell for some time now in various questions. Given its current dividend yield of greater than 7%, would you expect any price appreciation if interest rates start to come down.
Thank you.

Q: Is there a future for TCLA.A. What is your view on it going forward.

Thank You in advance.

Q: I’m significantly underwater on these stocks. Can you please advise which ones you’d hold, and which ones you’d sell? Can you please also give 5 growth stocks in Canada and 5 in the US that you are high on right now in place of the above?

Q: It appears that Transcontinental published pretty bad numbers for its Q1FY2023 and the market has reacted quite negatively and the drop has been brutal. In your opinion, how bad are these results? In their press release for the quarter they mentioned the printing segment drop considerably. Do you see other problems showing up? They also mentioned they are continuing paying the dividend but in your educated opinion, given these results, is it realistic for them to keep doing so or is it more an eventuality they will cutting it, akin to what happened with AQN. Is it a SELL or HOLD? -- My guess is, it's not a BUY.

Q: Hi,

Could you comment on the earnings published today ?

Thanks

Q: Follow up to my last question - thanks for the answer. Any comments on the sell sequence and timing for ENB, LIF, NTR and TCL.A. I have done pretty well with all of these except TCL.A which is a bit in the red.
Some of these are cyclical, and your guess on when to sell will be better than mine.

Thanks,

Jim



Question:
I have an unregistered account with about 12 CDN blue chip stocks. The purpose of the account is to generate dividend income for the next several decades, while providing slow and steady capital growth. I have taken the decision to exit ENB, LIF, NTR and TCL.A and to increase holdings in AQN, NPI, PMO205, XTR. I know timing will never be perfect, but just looking for some timing guidance due to current market conditions and cyclicality of some of these stocks. Trying to avoid horrible hindsight commentry: that was OBVIOUSLY a poor time to make that change....

Answer:
An easy solution of course is to add one of the four once a month and we would be fine with such a strategy. All four buy proposals will have some sensitivity to rates, and Canada has already indicated rate hikes will pause. The bond market expects rate CUTS in Canada later this year, so finishing purchases in June could end up well.

Q: I have an unregistered account with about 12 CDN blue chip stocks. The purpose of the account is to generate dividend income for the next several decades, while providing slow and steady capital growth.

I have taken the decision to exit ENB, LIF, NTR and TCL.A and to increase holdings in AQN, NPI, PMO205, XTR.

I know timing will never be perfect, but just looking for some timing guidance due to current market conditions and cyclicality of some of these stocks.

Trying to avoid horrible hindsight commentry: that was OBVIOUSLY a poor time to make that change....

Q: Considering the continuous drop of share price lately,I sold all my positions today since it is not a large cap , and could be " not so safe" for long term for a dividend investor... what is the cause of the drop ,any comment on this move? Regards JY

Q: This is my selection of stocks for steady revenue (and secondarily potential growth) .Since a serious economic crisis is not excluded in my opinion ,I now plan to : 1) only keep Cies at low risk to become out of business and that should maintain dividends, based on their history and financial strength , and to : 2) sell the other stocks to buy ETF instead..

Wich stocks can be "relatively safely" kept at long term for this purpose ?

Q: Could you please comment on their earnings today. Thx

Q: Could you explain why you sold this stock in your income portfolio? Is it not a stock you would recommend for income? Thanks

Q: Hi, I noted that you decided to sell full position in TCL.a from 5i portfolios, after owning for several years. CCL.b is still held in the Balanced 5i Portfolio, with a full position. We sold our CCL.b and TCL.a positions many years ago and switched to RPI.un. The move served us well initially but for past 12-18 months, Richards Packaging unit price has continued to decline precipitously and is near all time lows. It appears that COVID period growth has fizzled and it might take much longer for the company to digest the large Clarion Medical acquisition and the resultant debt load. Company has also guided lower for past few quarters. Although they have been paying dividend 0.11 monthly for many years, but market seems to be expecting declining growth for a while. I am wondering if you notice signs that RPI is heading into a similar direction as TCL.a. Recession fears certainly are not helping. Would it be prudent to not be mesmerized with the 3% dividend and move on, so funds could be available for better Income/Growth opportunities ? Thank You

Q: good morning,
Sold this one for a tax loss about 35 days ago. What do you think about recent earnings and forecast?
Would you buy back in or something better such as ATA or BOYD or CAE.
It's classified as basic material on many websites but industrial on yours.

Q: You mentioned that TCL.A is ok for income but if you are in the red would average down as the position is now at 1.5% only. If to sell what stock would you replaced this?

Thanks

Q: Hi Peter

In BNN Market call yesterday, Brian Madden thrashed TCL as an income trap with no future. I see that 5i still carries TCL in your income portfolio.

Is Brian's doomsday prediction of TCL correct ? Can I request you to share your thoughts please?

Thanks

Q: Would like your suggestions of 7 value stocks that also have a history of increasing dividends for both a balance portfolio and an income portfolio ....primarily Canadian stocks or secondary US traded stocks.
and please take the number of credits necessary to complete this "task". ........thanks.....Tom

Q: In our unregistered, income account I recently sold LIF and have decided not to return to that stock after 30 days. Instead, planning to buy more of one or two of the existing stocks.

Since this is an income account, yield is important and also quite happy to see total account balance steadily increasing whilst tapping off the cash.


I need some help deciding which ones to add to, and have 3 criteria:
1. Best yield
2. Current portfolio weighting
3. Best value over next 5 to 10 years

1. From highest to lowest yield:
TCL.A, BCE, AQN, EIF, BNS, CPD, T, SLF, QSR, ZRE, RY, LNF, FTS, BEPC, NTR

2. From lowest to highest weighting:
ZRE, LNF, TCL.A, QSR, AQN, NTR, BEPC, SLF, CPD, T, BNS, EIF, BCE, RY, FTS

3. Can you please help me to rank these stocks from highest to lowest value / growth prospects, or if that is to big a task. Please recommend overall best 3 selections given my criteria.


Thanks,


Jim

Q: I have TCL.a in a tax-deferred account and show a significant loss — 50.1% below my cost. I cannot use the tax loss. I follow only US shares , and 95% of my folio is in US-listed companies. I do not follow Canadian markets at all and was therefore wondering why on earth I bought this awful entity.

I have no clue EXCEPT since I would buy Canadian shares only if suggested by 5i or if the security appeared in the 5i portfolio.

Was this company EVER in the 5i folio? (I do not check the Q & A section; too many questions contain a bewilderingly long—very long— list of symbols that make it tediously difficult to read).

On TCL.a I checked reports from RBC-DI , iTRADE, Thompson Reuters, Research Team, StockCalc, StockReports, CFRA and several others. RBC is the only analyst that does NOT hate it.

When I took a closer look at TCL.a , I find it has a horribly, outdated business model. It has done nothing for years, and share price has gone only down. No analyst seems to have a clue how this ancient business model can ever work.

What do you think of TCL.a ? It does not matter that I find it maddening, meaning please disregard my prejudices and my frustration with myself for buying, then holding, something I didn’t take time to review. I am looking for a fresh independent opinion.... a very FRESH opinion from you, AFTER it reports tomorrow (June 8).

Q: Hello 5iR,
What is your opinion of the latest earnings and of the stock. Would you consider it a buy? Thank you. Cheers