Investment Q&A

Q: I have almost no direct energy exposure except for 2% in a services firm with high recurring revenue. Of course, there is lots of indirect exposure through banks, industrials, etc. I am interested in wading in, mostly for a yield play with some growth, not looking for a ton of torque. I understand that no dividends are entirely safe in this environment. I was wondering if it is better to go for a mid-size E&P such as Whitecap or Cabot, a pipeline such as Interpipe, a services firm such as Gibson Energy, or a global giant such as Chevron? Generally my portfolio is diversified across geography, industry sector, and market cap. I would look for an initial half-position and prefer a yield above 4%. Which names would you recommend? Thanks as always!

Q: Hi folks,can u please comment on Q1/16 of rkn/t,appears to be miss of eps -.04 vs est of +.03.Is there hope for company in their guidance going forward as most analysts have Buy/Outperform with higher targets.Would 5i rate redknee a buy,hold or sell. thanks as always,jb

Q: The assets held in this ETF seems to fit well with your own selection.
Your views, please ? Would you buy it now ?

Q: Would appreciate your analysis of today' results announcemt.
Thanks

Q: I am thinking of selling some positions I feel will be a long time recovering and using proceeds to add to my DHX position but it keeps going lower. Do you have a sense of how far into oversold this name is?

Q: Would you comment on articles on Bloomberg and CNBC websites, among others, indicating China's potential banking crisis could be 5 times worse than the US subprime crisis? Very daunting article! Thanks.
Steven

Q: Hi,

I'll be taking over my spouses RRSP account. She's dual citizenship, American/Canadian and we've had mixed counseling with respect to whether she can hold mutual funds in an RRSP or not. Can you shed some clarity on whether or not she can? Can she hold US listed stocks?

Any other comments on an RRSP account of someone of dual citizenship would be much appreciated.

Best,

Cam

Q: Hi 5i, would be interested in your current comments on Crombie Reit and its 7% dividend. Thinking of going to a full position from a current half weighting...

Thanks as always

Gary

Q: Hi,team thanks for all your great insight. I would like your views on Linamar and would you expect this company to benefit more than Magna from the low dollar.

Q: This morning Kel announced operating results for ye Dec 31/15 & provided updated 2016 guidance.Please comment.On BNN today,2 guests said that it is well managed,but "short" by investors especially Americans to the tune of 10m shares.Please confirm & what is the percentage of outstanding shares.Bouht a small portion @ $12.66.Buy,sell or hold.Appreciate your usual great views & services

Q: Did their Q come in as you expected?

Thanks

Q: I own Royal Bank shares--is there another of the big 5 banks that would compliment this holding and is it a buy now? I would like to just hold two banks and add as they get cheap.

Thanks.

Q: I have a question about Bank of Nova Scotia
Ive been watching Bank of Nova Scotia and its dividend is now above 5%. I'm confident the stock price will eventually recover. However, what are the chances the dividend will be cut if the economy doesn't improve? Is there a better alternative bank?

Q: Greetings,

What repercussions for the stock market (USA then knock on effect on Canadian ) on B. Sanders nomination as candidate for President of USA. Secondly, what if he wins?

Is it statically true that US markets weaken slightly during first year for most presidencies?

Cheers

Q: I have been looking at this for quite a while: keeps going down when one would think the opposite? Is there a concern about: oil companies going under & thus defaulting, increasing interest rates in the US - minimal as they may be? Usually bonds and equities act contrary to each. In any case, I was going to buy 3000 shares for my RIF - currently have no bonds and this would be a small position.

Q: Hello I own HSBC as part of my Euro-Asian exposure. Long term holding, enjoy seeing the dividend flow in since there are no capital gains to speak of.

I was just looking at the payout ratio (both from an earnings and cash flow perspective)
As per my online broker:
On an EPS basis:
Last 4 Qtr’s normalized EPS was 0, 0.26, and 0.26, 0.25 cents or Total of .77 cents.
The HSBS annual dividend is $2.50. Not good… ):
On as cash flow basis:
For annual 2014 Total cash from operations is (21,372) . Not good … ):
Last quarter 2015 shows,
Total cash from operations: 14,590, Cap ex (1,020) and Dividends paid (1,834).
So last Qtr roughly 20 % of cash flow went for cap ex and dividends….seems better this Qtr 

Can you confirm I am going about calculating payout ratios the correct way?
I realize large cap foreign banks are not your speciality but could you give some outlook for the company?
What should I be looking at when next earnings come in?

Regards
Stephane

Q: Reading a little on Andrew Peller (ADW.a) and I notice their 6 month performance for 2016 exceedingly outperforms the 6 months performance in 2015 (99 cents eps vs 65 cents eps). Is this outperformance a result of a one time item?

I ask because if their back half of 2016 can approach their first 6 month numbers, the stock looks very attractive, in my opinion, especially if they can take their 2016 earnings and continue to grow from there.

Thanks.

John

Q: I've held this for a while will they come out of this or should I just sell it. It's a small position in my energy sector

Q: Hi Peter/Ryan and Team, can you please clarify your earlier response on Shopify, 'There was also concern about the stock lock up coming off, putting more shares on the market'. When and how many are coming off lock up please? Also, because of this, in your opinion will there be more down side pressure on the stock when it reports results next, which is when? Can you please provide details of forward looking earnings, cash flow, sales, etc and consensus?
Thanks!

Q: I am somewhat surprised, and little upset at the comment "WCP has cut its dividend, and we almost took it out of the model portfolio last month" of Feb. 10/16. With this environment currently most energy companies have cut their dividend to survive.
Agree CEO has sold holdings however still has in excess of 3 million shares. Also TD continues to recommend, for its action portfolio.
Just wondering on your thoughts going forward.
Many Thanks