Investment Q&A

Q: Hi 5i,
There is a lot of doom and gloom around the potential for a recession. Do you feel that the market has already priced this in? I am hesitant to deploy additional capital in advance of the government confirming a recession which could result in another steep decline.

Would the confirmation of a recession happen on a specific date (i.e. at a specific time in the quarter?)

Q: I held Intertape through the sale. I was only credited $31.39 for my shares, not the $40.50 I expected. Anyone could have sold all last week for over $40.00. Do you know if the credit is coming in two parts?
Thank you,

Q: My portfolio is split about 50-50% in C$ and US$. Over the next few years I'm bullish C$ (and A$) and bearish US$ but think shifting to something like 75-25% is risky if I'm wrong.

In this scenario does buying an ETF such as FXA with some funds in my US$ account make sense as a partial hedge against the US$? Any other strategies you could suggest?

Q: Pinterest and Docusign have recently replaced CEOs suggesting a need to change strategies. They, and companies like Enghouse seems to be facing uphill battles to regain the positive outlook they had a couple of years ago.

Is it worth sticking with these companies to see if they improve, or is it wiser to take my lumps in small positions in these companies and consolidate into bigger positions in companies that offer more promise going forward like GOOG and BAM?

Q: Have losses on ZAG in a cash account. In your opinion, would selling ZAG and buying XFR (suggest a better one?) be a good move right now and pass the superficial loss test?
Many thanks.

Q: I found this article in today's globe quite surprising:

Banks block online sale of cash ETFs that compete with bank savings products

I hope there is sufficient outrage to get banks to change their practice. I am amazed that they can get away with this.

Q: Can I have your comments on microns earnings and guidance and how that may bode for other chip stocks? I also own Nvda, mrvl and amd and am down on all. Thanks.

Jason

Q: Dear 5i,
I am thinking of eventually purchasing ENGH in the next couple of months for a 2% position in my TFSA.
Can you comment on their balance sheet. Are they pretty much debt free?
Can you see them continuing to increase the dividend every year?
Do they have significant insider ownership and are they buying back stock?
Is the recent price of $28.43 dirt cheap?
This stock will be a good test of my patience if I purchase it.

thanks

Q: If you didn't own any of these stocks would you feel comfortable in buying full positions today.

Q: I think it could be helpful to have timely access to insider trading - would you agree? Is canadianinsider.com a reputable source? I went to their website and it is cluttered with advertisements and looks a bit bogus.
Thanks for your comments!!

Q: A friend told me WCP's operating margin is 118%, is that normal for O&G companies?

What would be the usual industry range for such a number? How can companies survive in the long haul if their revenue can not cover their cost of goods sold and operating expenses?

Q: Hi, Both BCE and Telus are presently trading about 15% below their recent highs, with general market decline and perhaps due to higher interest rates scenario in the near term. Both companies have announced excellent results and dividend increase, currently yielding 5.75% and 4.75%, respectively. Analysts are generally positive on both stocks for income and some growth and have not adjusted their earnings expectations downwards. Could you please comment on their present and historical valuations.

Our understanding is that Telcos and Utilities are good sectors to own, to protect from market downturn, current as well as in a recessionary environment. do you agree ? Also, when Central banks are done with their tightening cycle, say by 2023 end, do you see the valuations of these companies bouncing back to previous highs, assuming, there is no change to their business fundamentals. Thank You

Q: Currently, Invesque 6% convertible debentures series V are trading at about $83 US ( on the TSX). They mature on 30-Sep-2023 at $100, i.e. about 15 months from now.
This corresponds to a fabulous annualized Yield to Maturity of roughly 21%.
In your opinion, what is the risk that Invesque will default in the payment of these debentures? Does this seem to be a good risk to reward?
Thanks!

Q: What do you think of the latest quarter for this microcap company ? The share went up 60% yesterday on the news… Do you think they have potential for a 5 years hold ? Thanks !

Q: Hi Gang

What would be your top 5 Canadian growth stocks for next five yrs

Thanks Mike B

Q: What is your analysis of this company? What are the perspective long term and how sustainable is the dividend ?
Thank you as always for the excellent service

Q: I own SU and looking to add to energy in unregistered account. WCP looks very good now. What do you think or is there a better one in your opinion? Thanks again.

Q: Can you please compare GSY from the Growth Portfolio and BNS from the Income Portfolio. I believe that 5i continues to be very positive about GSY, but in this present economy, BNS looks like a much safer bet to me. GSY seems have about $1.7B in debt, whereas BNS has about 198B in cash or $348 per share. BNS has a forward dividend of about 5.4% and GSY is 3.7%. If you could only invest in either BNS or GSY today, what would you choose for a 5 year hold?
Thanks!!

Q: Please comment on the earning.

Q: Re question asked by Michael re electricity infrastructure. You could consider Hammond Power, a Canadian company with a large presence in the US.