Investment Q&A

Q: A couple of recent sources have suggested lower iron ore prices next year. I own LIF in several accounts and I'm wondering about selling about 25% at current prices and buying back next year at lower prices. I am enjoying the last two dividends of about 5% each. Do you see this as a reasonable approach to bring down my average cost as I purchased at much higher prices years ago. Thanks, love your service.
Earl

Q: What are your thoughts of this closed-end fund? It has public and private investments, trades at a discount of course and with leverage to financials. I also wonder whether there would be a potential tax hit as I see they have gold acreage in Quebec carried at $0 ACB. I wonder what your opinion of management is - something here? Thanks! as a follow up to my question just asked, if you were to buy, would you look at the voting or NV shares? Thanks

Q: Could I get your take on PLC please. Growth by acquisition seems to be a natural here or has there been a competitor that has already scooped up the small town family owned funeral service players across Canada? I think of Service Corp out of Houston as perhaps the role model for the future of PLC???

Q: Hello 5i, Last year you indicated that PTG had a lot of debt and was priced for no surprises. I sold position and bought PHO. I am thinking of reentering PTG in a half position and selling half PHO,your comments please.

Q: Hey 5i,

Do you think Spin Master would be interested in picking up DHX.B at these levels?

Thanks,

Elliott

Q: Chesswood Group seems to be on track for more growth this quarter, do you agree? Is their dividend safe at these levels? Why is there such low trading volume in the stock, is it because the institution holders don't want to sell. Looks like a good entry point to me, thanks.

Q: Hi Ryan, does the recent agreement with an American finance firm have much of a positive spin for Chesswood? Thanks much, AEO

Q: Good Morning, I am considering buying PEY and ALA for the dividend and a recovery in the oil patch. Firstly, I am considering them because they are good companies with a high dividend that is unlikely to be cut(do you agree?). My other reason is based on my tax situation. Since I have no employment income I can benefit from low or no tax on my dividend. In addition, I have considerable unrealized capital gains in my taxable account. So if PEY and ALA really decline I can sell those stocks and use the loss to offset my capital gains as I realize them. Does this strategy make sense? I have often heard you should not let tax strategies drive your investment thesis but in this case it feels like the risk/reward really improves due to my tax situation. Please comment. Thanks

Q: I have noticed Lithum stocks are moving - would you please recommend a couple of names that you like. Thanks

Q: DHX is now less than $4/share. What has gone terribly wrong at this company? What happened that you gave up on it and didn't hold it for five years?

What was your original reason for liking it so much that it was in the growth portfolio for s while?

Q: What do you believe the breakup value of the company is?

Q: If I may follow up to today's question about celgene; how does the lack of a dividend paid by celgene bring you to recommend against moving towards a 5% position?
Can you please explain your rationale?
Most growth stock do not pay dividends, yet you have in the passed given the 'ok' for full position ( goog, fb)
Thank you
Karim

Q: Re mq Q yesterday,please advise expected eps & rev.plus reporting date for CLS.Thanks

Q: What is the problem with these two?
Are investors suspicious of the NOV. 2nd webcsst?

Q: any insight into why the stock is dropping today ...and your opinion on its investment merits...please and thank you

Q: Hello,

I just heard from BNN that ENF has been downgraded by Moody due to a balance sheet issue. Could you please comment on it? I hold ENF shares and am wondering if I should sell them.

Thanks,
Iris

Q: I hold ENF for income. Given this assessment, is it best to sell now? (I'd hate to see the share price decline if I wish to sell.)

" Analysts await Enbridge Income Fund Holdings Inc (TSE:ENF) to report earnings on November, 2. They expect $0.49 earnings per share, down 7.55 % or $0.04 from last year’s $0.53 per share. T_ENF’s profit will be $72.09M for 16.40 P/E if the $0.49 EPS becomes a reality. After $0.52 actual earnings per share reported by Enbridge Income Fund Holdings Inc. for the previous quarter, Wall Street now forecasts -5.77 % negative EPS growth."

Q: It appears that what Peter has anticipated for CXR is about to occur. Financial Post reported earlier today, in part: "Following previous efforts to retool its capital structure, Concordia is beginning a court proceeding under the Canada Business Corporations Act (CBCA). The company hopes to reduce its existing secured and unsecured debt obligations by more than $2 billion."

Q: Sorry, guys. One last follow up regarding Northland and Algonquin. I should have clarified, Investor's Edge shows consensus eps for Northland in 2107 is $1.07 growing to $1.46 in 2018 and consensus for Algonquin growing from 66 cents in 2017 to 73 cents in 2018.

I mentioned in my previous question that the above eps numbers were CIBC's Investor's Edge, when in fact they were the consensus numbers as reported by CIBC.

I suppose that doesn't change the fact it appears that Bloomberg is showing different consensus numbers, but I just wanted to clarify my previous statement.

Thanks again and sorry for the confusion.

John

Q: Users in metallurgy industries see a massive increase of the cost of graphite. Are there ways to invest in this trend? Who is benefiting? Thanks.