Q: How should be value pipeline companies. P/E ratios do not seem accurate given large amounts of depreciation. Should we look at Price to EBITDA or Price to Adjusted EBITDA or should we examine EV to EBITDA?
Q: I purchased Sun Life for some exposure to a rising rate environment even though I don't expect rates to increase very much. My concern with Sun Life and other insurance companies is there exposure to Canadian real estate as part of their investments. I know that Sun Life has an active real estate division and they purchased a real estate company in 2015 as well. Do you think this is a risk in the event of a real estate downturn in Canada? Safer to play Fairfax which I understand has zero exposure to Canadian real estate, despite its higher valuation? Am I over thinking things here?
Q: There is a good article (approx. 8 pages long) in the recent National Post regarding the Cannabis Industry both in Canada and the U.S. which has a few states where it is legal for retail sale.
One grower in Denver, Colorado (where there is a lot of regulations which constantly change) has a legal grow facility and 14 stores. The facility spends $150,000 per month on electricity alone.
It is not as easy to grow and harvest to the specs required as many people may assume the article shows to some degree.
Q: FM is up almost 10% today alone. Any idea why? It has been held since about the $5-6 range. Is it worth continuing to hold this for further growth over the next few years or cash-in and move to another name in Metals, and if so who would you recommend looking at?
Q: With a market cap of almost $700mm and little to no sales revenue, investors are stampeding into Canopy and anything weed related.
When recreational marijuana is legalized should we expect bigger participants to enter the industry? I keep thinking that the current names are run by greedy white-collars who have little expertise but do have access to capital. Will these early RTO's get weeded out when big pharma and the gang step into the sector?
People are talking about weed as if it's the rediscovery of the wheel and fire. This is an easily replicated farm crop that requires very little skill, capital outlay and maintenance.
Care to share your thoughts on the zebra-striped elephant galloping through the green house?
Q: Do you believe BTE is undervalued with oil being above $50 a barrel. if i remember correctly the last time oil was above $50 a barrel BTE was trading around $9 per share. what are you thoughts?
Q: Any explanation why SYZ has been so weak for the past month? It's down again today. Is it a case of no news from the company coupled with only one follower (5i) of the company? Is this a buying opportunity or a time to move over to something more interesting (and more followed)?