Investment Q&A

Q: 6:42 PM 2/9/2016
Hello Peter
Could you please comment on the Algonquin Power takeover of Empire Electric in Missouri. The deal looks very interesting to me. Algonquin are simultaneously offering 5.00% Convertible Debentures - Instalment Receipts. The Conversion price is $10.60 well below the closing price of the shares yesterday $11.54.
Could you answer these questions for me and comment on the Company and on the Debenture issue.

1. It seems very surprising to have the conversion price LESS than the market price. Why?
2. Would you prefer the Debentures or the Common shares for steady income.
3. Will the common shares trade down to the conversion price on open Feb 10th?
Many thanks.......... Paul K

Q: Hi Peter & team, What are you expecting from HCG's earnings tomorrow? And what's the consensus amongst analysts?
Thank you!

Q: Re your response to Warren on the convertible debetnures.

If the conversion is $10.60, that offers a discount not premium to current market price of $11.50. It should probably sell at a premium to par once trading.

Sheldon

Q: pls. comment on their latest Q including consensus estimates of US $revenue and eps.

thanks

Q: Good Evening
What do you think of the new issue of 5% notes to cover the recent acquisition?

Thanks to all

Q: In regards to Mike's search for Canadian Dividend Aristocrats he may find this site helpful:
http://www.dividendgrowthinvestingandretirement.com/canadian-dividend-all-star-list/

Q: What do you think of the deal Algonguin Power to issue convertible bonds to buy the Empire District electric company?

Q: I am trying to get a list of the latest version (I believe issued in late January 2016)of the companies included in the Canadian Dividend Aristocrats (CDA). I have tried the internet but cannot find a listing of the CDA. Thanks Mike

Q: Brookfield Renewable Announces Final Results of Exchange Offer and Intention to Take Up Class A Preference Shares, Series 5 of Brookfield Renewable Power Preferred Equity Inc.
Would you be a buyer of this stock in the current environment with a possible 2 year hold. (How does the above affect a current shareholder? Thank you.

Q: I held this for a while last fall and finally ran out of patience. It's down around it's 52 week low and is trading at $ 13.00. What are your thoughts overall. Is the company stable ? Does the share price have further to fall ?

Q: As a retired investor seeking income and preservation of capital in a diversified portfolio, would you own Chemtrade or Russel Metals?
Presently own 1/2 a position in Russel and was thinking of switching to Chemtrade for the short-term. Thanking you in advance.

Q: Please comment on Cgx latest earnings. Time to buy?

Q: Why is ITC Holdings down? Is this an opportunity to obtain FTS shares at a discount by buying ITC and holding until the closing date? What would be the risks?

Q: HI Peter and team - I hold some Concordia in a US account and am interested in adding Concordia to my Canadian account. However it has a P/E ratio of about 190. Of how much concern should this be. What would it take to bring this P/E down to a more reasonable level and is Concordia on track for this. Thanks.

Rob

Q: Hi 5i,

I rarely ask questions. I find the answers usually in the Q&A database. I have a credit of 93 questions. (Hmmm, wonder if there is an aftermarked for 5i Questions, ha ha ha).

Seriously, I would like your opinion on Dividend Select 15 Corp. I understand it is a holder of quality Canadian dividend producers and can increase the amount of its distrubuted dividend by writing covered calls against the underlying holdings. I would like to hold this in my TSFA, with a DRIP strategy. I would be looking for at minimum a 5 year hold after which I would exit the DRIP and use the income to supplimnent my retirement income.

You have the best service out there.

Jim,

PS. It would be cool if the 5i person who actually answers the Q&A's indicates their intials (P=Peter, R=Ryan, T=Team) etc.)

Q: Hi 5i team, any news on DHX it has really been sliding.
Thx

Q: Hello 5i team,
In my previous question, I asked for names of Canadian ETFs or Mutual Funds that invest in US New Techs; I specified "Canadian" because I did not want to pay a 40%+ currency premium. You gave me FDN (a US ETF) instead.
I look forward to your response
Antoine

Q: FTS is down 10% as I write. Do you regard the drop in price because of the acquisition as a good entry point or should I avoid because of the size of the deal? Thank you

Q: Hello Peter and Team.
I exited this position @225.00 high is $231.00 and have been following this down daily and have considered pulling the trigger a couple of times but held back.

Today I noticed it seems to perhaps turned the corner for maybe a fresh leg up. Currently up $3.31.

Could I please have your thoughts going forward, in your opinion has a bottom been put in on this stock.

Many thanks and appreciate your answer

Q: I am looking to deploy cash in my TFSA (2016 contribution) and with so many beaten up stocks I am wondering what to buy. I was considering the healthcare section and adding to my existing position in GUD, or perhaps initiate a position in CRH. GUD is now below its financing of $6.75 done around Dec 2014. What are your comments on GUD? Add now or wait for a better market? Or do you prefer CRH or something else in the healthcare sector. Longer term hold, and for a TFSA.

In healthcare I own CXR and GUD, smaller positions in DR and PHM, and very small positions in SIS and PM.