Investment Q&A

Q: In my 35-stock portfolio, I have a 9% overall weighting in the following:

ALA - 3%
ENB - 2.5%
TRP - 2.1%
BEP.UN - 1.4%

I am assuming that 9% is an "okay weighting" for this group (?) but my main question is, whether or not you see too much overlap in these stocks.

I know this group provides a mixture of storage and pipelines that move shale oil, crude, gas, etc. I also have exposure to renewable energy which has kept me from investing in other power-related stocks such as Fortis and Canadian Utilities.

Do you have any concerns about the weighting or overlap?

By the way, the only energy stock I have is TOU - 1.2%, if that makes any difference.

Thanks.

Jim

Q: I haven't been able to find a website that gives me short positions on NYSE listed stocks...could you provide me with a link to a free website offering this information , please and thank you...cheers

Q: While I loath owning material stocks given the geopolitical, operational and commodity price exposure, I see AEM on your portfolio has taken a beating and this might represent an entry point. Materials is a zero weighting in my portfolio at present. Time for a change of heart?

Q: HCG still is waiting for a banking license, once this is obtained and they can start taking deposits and diversify their revenue streams, some/many of the short sellers may get frustrated...for HCG, slow and steady wins the race, it is only a matter of time before HCG gets some more love for its merits. Is my rationale totally flawed or partly flawed? How do you see it? Thanks!

Q: Hi 5i team,
Is there something going on with methanex corp?

It is no longer trade it in my account.
Andrew

Q: How much time ( weekly or monthly) and relative importance should a non professional track the: macro; sector specific; and company information, in order to be informed of information that could either have a positive or negative effect on an individuals portfolio.

Q: Your opinion on CCI.UN for income and long term hold , is the 10% plus sustainable?
Happy New Year
Cec

Q: What do you know about this company? Is it investable for the long term?
If not, which companies would you recommend in this space?
Thx.

Q: If you had a choice between FB and SHOP, which would you choose. The stock will be in a RRSP and a long term hold (likely more than 5 years).

Q: Best of the Season to All at 5i
Is 5i planning to do report on Shopify? If so, I was wondering if you could address the following: Shopify now has a market cap in excess of $5B. It has negative earnings, and is not expected to make a profit in 2017. Its estimated revenues in 2017, according to Morningstar are approx $0.55B
To put this in perspective, Linamar has a market cap of $3.8B. It made $350M of free cash flow in 2015 and will increase that in 2016. This is AFTER some $375M of capital investment is subtracted from earnings. I realize they are in entirely different industries, but if I could magically own one company or the other outright today, I would choose LNR in a heartbeat.
The market is always right I suppose, and you have a 100% gain on SHOP in your growth portfolio. But at what point does the reality of fundamentals come into play?
I recall years ago when Ballard Power had a higher market cap than Loblaws. That happened.
P.S. Yes, I do have a case of sour grapes because I did not heed your advice and buy SHOP when you recommended it!
Cheers
John

Q: Hello! I have received a decent sized amount of gifted funds (decent sized relative to my existing portfolio). I plan to spread it across my holdings which are almost entirely made up of the BE Portfolio. I know that usually January can be volatile. Would you 1) hold onto the gifted amount in cash for now and deploy later when the markets calm (February for example), 2) deploy now, knowing January can be volatile? Or if there is a better method you would recommend? Thanks!!

Q: I was given these recently as possible gold stock investments, I would only be investing a small amount into one or more of them and was wondering what you might be able to tell me about them. Also what are your views on what gold may do over the next year or two.

Q: I am looking to make an investment in a company that produces rare earth metals. What would you consider the best TSX listed companies in this sector. Do you think any potential trade conflict between Trump and China could have an effect on the rare earth metals market. Thanks

Q: Hi team, I've owned 1000 shares of PDN from 2007, my break even cost is 1.95 if I buy 4000 more today it would drop to .44 cents. I would do this only with the hope of a takeover, firstly, would this be possible considering its debt. I know you are not big fans of this, but what are your thoughts it's .04% of my portfolio. Thanks, and all the best for the New Year, Nick

Q: Good day Peter, Ryan, and team,

Would you consider CWX a good investment at the current price level for a 1-3 year or longer term hold? Also, how safe is the dividend, which is pretty high at the moment?

Season's Greetings

Q: VALE....this company is not coming up in the drop down.

Thoughts on this miner for 5+ year hold? What is current FCF, FPE and book value? What is the expected FCF and earnings growth? I currently have 2% materials weighting in my portfolio.

Q: Please comment on Gatekeepers 2016 results, thier prospects for 2017 and your overall view of the company, sector and management team.
Happy New Year to all!!

Q: Mr. Hodson, what about this new CSU business in Japan ?

Q: When I hear money managers,people calling into business shows........ and they use the phrase " time to take profit" would that mean to sell part or all of the position?

For example I have a diversified portfolio to produce income. About 7% in BMO with its recent run up and appears to be peaking, so if BMO continues to drift down would one sell it all and wait for the down trend to stop then buy back the same amount of shares at this lower price? Or sell enough to reduce weighting to 4-5 %?

Thanks in advance and for the great service.

Q: Since income trusts are taxed as income (highest tax rate), would it be a good strategy to hold them in a TFSA? and is there an ETF for income trusts?