Q: Hi guys
Tricon has dropped more than other real estate stocks in the last week and is considerably below book value .... something that I would have given the stock more of a floor. How realistic do you consider their book value if all their homes/properties were liquidated tomorrow and the company was wound down or sold?
It seems , given the price of building materials, you could not begin to build houses for what Tricon bought many of these houses at - many after the 2009 real estate melt down, plus there is so much pent up demand for more housing given inflows of immigrants.
How would you rate the quality of management?
Do you see it as having compelling inherent value and would you add to a partial position now?
Much thanks
Stuart
Investment Q&A
Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.
Q: With patience in big supply where would you buy and why ? Thank you.
Read Answer-
Toronto-Dominion Bank (The) (TD)
-
ATCO Ltd. Class I Non-voting Shares (ACO.X)
-
Tricon Residential Inc. (TCN)
-
A&W Revenue Royalties Income Fund (AW.UN)
-
iShares S&P/TSX Canadian Preferred Share Index ETF (CPD)
-
iShares Convertible Bond Index ETF (CVD)
-
iShares U.S. High Yield Bond Index ETF (CAD-Hedged) (XHY)
Q: hi,
looking through the 5i model income portfolio, these entities are all down in share price. for an investor looking for income and growth (both capital appreciation and dividend growth to keep up with inflation over long term ), are all these a buy today? any a sell? any others in the income portfolio you are more interested in today?
cheers, chris
Q: Is the dividend paid in US or CDN
Thanks
Sheldon
-
Tricon Residential Inc. (TCN)
-
iShares S&P/TSX Capped Information Technology Index ETF (XIT)
-
EQB Inc. (EQB)
-
Trisura Group Ltd. (TSU)
-
Lumine Group Inc. (LMN)
Q: Am retired with a cash account full of utilities, banks , pipes, reits, telecoms etc. for income. Over the last 6 months have added BN and GSY for more growth. Have targeted the following growth stocks for next purchase :
XIT : basket of CDN techs
LMN : a mini CSU
EQB : Stephen Smith involvement
TSU: speciality insurance
TCN : faster growing US south residential real estate
Your opinion of each would be appreciated. What is your order of buying based on valuation and growth potential ?
Thanks. Derek
-
Amazon.com Inc. (AMZN)
-
Alphabet Inc. (GOOG)
-
Lowe's Companies Inc. (LOW)
-
Canadian National Railway Company (CNR)
-
BCE Inc. (BCE)
-
Enbridge Inc. (ENB)
-
TC Energy Corporation (TRP)
-
Sun Life Financial Inc. (SLF)
-
TELUS Corporation (T)
-
Restaurant Brands International Inc. (QSR)
-
Capital Power Corporation (CPX)
-
Superior Plus Corp. (SPB)
-
Tricon Residential Inc. (TCN)
-
Shopify Inc. Class A Subordinate Voting Shares (SHOP)
-
A&W Revenue Royalties Income Fund (AW.UN)
-
Tamarack Valley Energy Ltd. (TVE)
-
BMO Covered Call Canadian Banks ETF (ZWB)
-
BMO Covered Call Utilities ETF (ZWU)
-
Hydro One Limited (H)
-
Perion Network Ltd (PERI)
-
Brookfield Infrastructure Corporation Class A Exchangeable Subordinate Voting Shares (BIPC)
-
Brookfield Corporation Class A Limited Voting Shares (BN)
-
Brookfield Asset Management Ltd. Class A Limited Voting Shares (BAM)
-
Lumine Group Inc. (LMN)
Q: If you had $20,000 to invest today for and Income with some growth investor in an otherwise well diversified portfolio, what would you pick or just add to?
Read Answer-
Tricon Residential Inc. (TCN)
-
InterRent Real Estate Investment Trust (IIP.UN)
-
Slate Grocery REIT Class U Units (SGR.U)
Q: TCN ( down 40%) , SGR.U ( down 17% ) IIP.UN (down 25% )
Looking at possibly selling these losers . Your opinion sell or hold ? If I do sell, what safe dividend paying stock would you suggest for a hold
Q: Hello Peter and Staff
I was a bit surprised at your answer to Lee on August 21st where you included GSY and TCN as too risky for the average retired investor . I thought both are high on your list ?
Thanks for all you do
Dennis
Q: I have hold that stock for a long time. Very good metrics but did'nt do much for almost 10 years.
Please explain the rationale for holding this stock long term.
Thanks for the wonderful services
-
Rogers Communications Inc. Class B Non-voting Shares (RCI.B)
-
First Capital Realty Inc. (FCR)
-
Tricon Residential Inc. (TCN)
-
Albemarle Corporation (ALB)
-
Trisura Group Ltd. (TSU)
-
iShares S&P Global Clean Energy Index Fund (ICLN)
-
Nuvei Corporation Subordinate Voting Shares (NVEI)
Q: ALB-N,ICLN-N,REMAINING ALL TSE,RCI.B,FCR.UN,TCN,GOOS,NTR,TSU,NVEI
Which stocks need to sell or all of them.
Q: The last couple of weeks Tricon has seemingly reversed what was a nice run up from earlier in the year. Normal market fluctuation or did I miss something? Thanks.
Read Answer-
WSP Global Inc. (WSP)
-
Tricon Residential Inc. (TCN)
-
DREAM Unlimited Corp. Class A Subordinate Voting Shares (DRM)
-
Converge Technology Solutions Corp. (CTS)
-
Nuvei Corporation (NVEI)
Q: I imagine these will be answered by the time you get to this question, but if not could you comment on earnings for the above companies??? Thanks!
Read Answer
Q: Your analysis of results and outlook, please
Sheldon
-
Tricon Residential Inc. (TCN)
-
BMO Equal Weight REITs Index ETF (ZRE)
-
iShares S&P/TSX Capped REIT Index ETF (XRE)
Q: I am of the view that Canadian Real estate may be coming back. Are there any Canadian real estate etfs that include non- reits as well ( for example would include Tricon) .
Read Answer
Q: Do TCN and EIF have DRIPS? If yes do they offer a discount?
Sheldon
-
Tricon Residential Inc. (TCN)
-
goeasy Ltd. (GSY)
-
Exco Technologies Limited (XTC)
-
TECSYS Inc. (TCS)
-
WELL Health Technologies Corp. (WELL)
-
Docebo Inc. (DCBO)
-
Lumine Group Inc. (LMN)
Q: I have this in a TSFA account. What do you think of the likelihood of this going up? Should I hold or sell this stock? Thanks
Read Answer
Q: I have been looking at TCN for the growth small cap section of my non registered portfolio for a 2% allocation .The company seems well run, is in the fast growing US Southeast and has a decent dividend.
Two aspects I require help with: how would you assess its financial health and could you comment on its JV operations? Thanks. Derek.
Q: With mortgage rates elevated and a shortage of existing home supply is there a home builder name you would prefer? BLDR, TOL, and GRBK. Any Canadian Homebuilder companies to look into? Thanks, Lesley
Read AnswerQ: Results look good. In my opinion I see 4 important tailwinds. 1. Credit tightening- making it more difficult for home ownership. 2. Housing shortage. 3. Interest rate peaking- improve margins in time, and re accelerate growth 4. Pricing power- ability pass rent increases on. Does this cover them or did I miss any others. Where do you see this company 3-5 years from now. Full purchase make sense at this time?
Read Answer
Q: Your thoughts on the quater please.
Thanks