Investment Q&A

Q: Good morning,
Tax loss selling season has arrived and looking at my non registered portfolio I see that PKI is significantly below my purchase price and while I still like PKI for the long term, it is a candidate for tax loss selling this year. I would appreciate your thoughts on:
Q1. Selling PKI and replacing this holding with ATD
Q2. Selling PKI and purchasing ATD as a proxy until I'm able to repurchase PKI in 30 days.
Q3. Recommending another stock or ETF to purchase following the sale of PKI
I thank you and look forward to your thoughts and sage advice.

Q: If the short report on nuvei is half true-only half its devastating.
and guess what lightspeed has not come close to revovering.

My question is why dont you tell your members to back off, my impression is your encouraging them to hold on, things arent that bad etc etc.

Q: I agree with Joel about the passive response from Canadian companies and sometimes you need to give the antagonist a bloody nose otherwise they will never stop doing this. These shorters need our shares to short and the institutions are only allowed to lend those out from a margin account, so I believe. I do wonder if in fact that is the case.
The only way you can be sure that your shares are secure in your regular account is if you hold those shares physically as stock certificates. Who does that today in this electronic age?

The regulators need to do much more in preventing this rape of our portfolios happening.

If nothing is done, no stock will be safe, this will continue, people will still panic and the long term objective of realizing your nest egg will take a lot longer as these attacks can technicaly damage the stock.

I have been a customer of 5i since 2013 and am in a position that I am very comfortable with my portfolio today thanks to your help. I very rarely need to ask a question and therefore I am happy to donate 3/4 of my 168 question credits.

Keep up the good work

Peter

Q: FYI, I think Citron since last year are no longer publish sell report...

Q: Is it time to sell some $68,00 puts - out 3 or 4 months? Thanks

Q: Not a question, just my thoughts.
I understand the need for people to question companies business practices etc. but I think that there should be (monetary) repercussions to the SHORT REPORT authors if they have no facts to prove their thesis. Seems that when a report comes out making accusations of fraud, the affected business is deemed guilty until it can prove it's innocence. Meanwhile, the short seller walks away laughing with a pile of money. Individuals have rights if they are personally attacked and have legal recourse when they are slandered. Why are businesses treated differently?
Comments?

Q: Good morning,
I own shares of ENB in my Non Reg account and I'm looking at selling ENB for some tax loss harvesting this year. Can you please provide me with your best idea in terms of a suitable proxy among other pipelines? Thank you.

Q: Looking to overweight tech a bit in my portfolio using QQQ. Should I put it in my TFSA or RSP?

Q: Hi! I have a question about my ETF portfolio. I currently own XIC, XEF and XEC and I'd like exposure to the U.S. market (S&P) and NASDAQ. Should I do this in my Canadian account through a Canadian ETF that tracks the U.S. indices or in U.S. dollars in a U.S. account like the IVV. I'd prefer to do it in CDN dollars. Are there major advantages or disadvantages to either option?

Thanks,
Jason

Q: Hello, the rumour on the street is that the federal government will be raising the capital gains tax. Does it make sense to crystallize gains this year, pay the tax, move the money into an unused registered account ?

Q: Hi 5i,

I received the tender notice from my broker today:

...Appleseed Merger Sub LLC is offering to purchase any and all outstanding shares of common stock, par value USD$0.01 per share, of CoreSite Realty Corporation at a price per Share of USD$170.00 without interest and subject to any applicable withholding taxes, net to the seller in cash.

Terms:
Option 1: Cash (USD) (See Important Notes)
To receive USD $ 170.00 in cash, without interest and less any applicable withholding taxes per share of CoreSite Realty Corporation tendered.
Option 99: Do Nothing (Default)
Holder to retain Security.

A few question I'm hoping you can answer:
1. When is the transaction expected to close?
2. If I do nothing it says I retain the security? What does that mean?
3. I am very sad to see the stock get taken over? What would be a good replacement for it? There aren't that many names in the same space. Would the replacements have the same growth potential?

TIA!

Wayne

Q: Not a question but RBC just released a report this morning in which they reaffirmed their support for NVEI and maintained their US$145.00 target.

Q: Can you please point to your top five U.S. industrials picks, assuming mid to high risk tolerance and a 5+ year hold?

Q: Hi Peter/Ryan can you comment on this short report and why it affects stocks so negatively. Thanks

Q: This is about topping up a half position in ISRG. Yea would like to do it but the market price rose somewhat like a hockey stick. With that, I'm reluctant to buy ISRG at this point. Seems to me, the market price is way ahead of the fair value and so I'll park the desire to buy ISRG. Keen to get your take on my "viewpoint". But if you consider ISRG a buy, what would be your entry point at this time?.....Thanks....Tom

P.S. While Bombers are at the top of the CFL, me, cheering for Ti-Cats ......but not wagering, rather saving my coins for one day topping up ISRG.......hahahaha

Q: Its great when companies that are under short attack, such as LSPD and now also NVEI, post earnings in successive quarters to prove up their business and invalidate the short thesis. But why stop there? Why do these companies not take the opportunity to very aggressively buy back their own shares? Even if it requires adding some leverage to the balance sheet with cheap debt if needed. Reducing the float is good for earnings, good for existing shareholders and very bad for short sellers.

The passive response of Canadian companies under attack invites more attacks. Carl Ichan killed some very committed shorts in Herbalife, a truly garbage company, using more aggressive tactics.

Thanks.

Q: Of these 2 stocks, which would you recommend for a 3-5 year hold. Also, feel free to suggest a more preferred pick if you have one. Thanks

Q: I think ADF group ( DRX on tsx) is quite undervalued. The problem is that there are no comparable public Canadian companies. I recall about 5 years ago so , there was a similar type of company that was taken private. Can-Am steele or something like that. Do any of you know what company I am referring to?

Q: I'm interested in freeing up some cash in one of our RRSP accounts and, in order to do so, plan to sell one of the 3 listed companies.
Kindly advise which one you would consider disposing of first and, perhaps, a brief explanation as to why.
Thanks for the help. Richard

Q: Hi 5i,
I gather from your answers to the few questions that have been asked about it that you are not great fans of IDR for real estate exposure, and my initial question is basically why and what should I be concerned about?
If I'm reading the information correctly, IDR's 10 year growth rate (2011 - 2021) is 167%, with YTD sitting at 29%. It's annual yield meanwhile is 5.60% (or more) and it is diversified through holding residential, industrial and retail REITs in Canada (67%), USA (24%) and the UK (2%).
Could one potentially do better and risk less through holding individual REITs instead of the basket afforded by IDR and, if so, which ones would you recommend for the real estate portion of a portfolio in the current economic climate?
Thanks!
Peter