Investment Q&A

Q: How were their latest quarterly results ? Do interest rates affect them yet if they don’t have bonds maturing for a while ?

Q: Can you please give us your comments on earnings and how you currently feel about the stock.

Sheldon

Q: Hi Guys

In regard to Tricon I am thinking of adding to my position but am wondering what their exposure would be to variable rates. I do not want a interest rate surprise like AQN. What do you think of the likelihood of that happening at the upcoming earning release? Should I be worried about any other surprises with TCN? Are you still feeling positive on this stock?

Much thanks Stuart

Q: I see the positive case for TCN - with higher interest rates house affordability is reduced which should bolster the rental market. But some ponderings on TCN:

1. Doesn't TCN own their properties? If so, wouldn't their asset $ go down if/when house prices drop, which seems to be the current trend?
2. Do they carry a lot of debt compared to cash flow, and if so wouldn't their interest servicing costs be higher compared to their rental revenue?

Sorry for the lazyness, I haven't done a deep dive on them and pawning it off to you!

Q: Thinking of starting a new position. Which might have more upside and what would be a good entry point for either of these?

Thank you

Q: In one of your answers you felt that Tech, Consumer Cyclicals and Real Estate are areas that have been beaten down and might be poised for recovery. Could you mention 3 stocks for each area listed on the TSX that you would recommend as having solid potential at this time. Thank you.

Q: Saw Andrew Moffs on BNN Monday discussing REITs and Real Estate companies. Looking for a 2nd opinion on these 8. Maybe just a ranking from 1 to 8 in order of preference for a long term hold. Yield doesn't matter, looking for best total return. Which ones look buyable at this time?

Q: So I have added BN and GSY as more growth orientated stocks to my conservative ( banks, utilities, telecom, reits ) non registered account and now looking to add two of these seven names to the mix. Which look the most attractive regarding valuation, balance sheet and growth and why ? Thanks. Derek

Q: Is there an updated report planned for Tricon in the near future? Or maybe a candidate for a “flash update”?

Q: Looking for a real estate play in my TFSA with a 3-5 year hold. I note that TCN is smaller and more volatile than CAR. However TCN is currently priced at a substantial discount to CAR. I noted your comment to a previous question about investors switching to growth names from bond proxies after interest rates settle. Considering an initial 2% position in TCN. Comments please. Thank you

Q: How would you rank these. What would the rationale be for the ranking. Housing affordability seems to be a market issue as well as not enough supply. Are these all buys with the macro backdrop?

Q: Very different companies. How would you rank high to low probability of 12-24 month recovery in price and future growth?

Q: You had a question recently: Q: Is there a stock in the USA that is the same size as TCN and how has its performance been in the last year?

I suggest AMH on nyse. American Homes for Rent. Performance charts look similar re performance .

Q: What are your top 3 small and top 3 mid cap stocks that you would buy today with great 12-24 mth potential?

Q: tcn, ecn
what is your option on owning these stocks for 3 year period or longer
thanks

Q: Is there a stock in the USA that is the same size as TCN and how has its performance been in the last year?
Thanks again

Q: I have REAL in both my TSFA and non-registered accounts. I would like to get rid of it from my non-registered account. Could you suggest a replacement (I do not plan to repurchase it? Do you suggest selling it from the TFSA or waiting for it to turn around a bit?

Q: I am intending to take a small position in one of these 2 companies. Security of capital and long term growth are the mainstays of my investing objectives. Current distributions or dividends are of no particular importance, except to the extent they contribute to the objectives. Which company would you choose, and why? Thank you for your excellent service.

Q: I am missing the above in my balanced portfolio. Which two would you add first in the new year.
Thanks, Rod

Q: What is your view of the performance of Tricon Residential over the past year and your opinion on future growth. Thanks.