Q: I have a question about Black Diamond. It spiked after the Fort McMurray fire as it was felt this company could help in providing their accommodations to displaced persons from the fire.....and it has pretty much slowly trended downward from that spike up. The fire is now old news. I assume it's business is still in dire straights. What is the latest company report and news on this stock and their future outlook and financial health. Are they going to $0 or do you think we will see some further upside over the next 6-12 months? If so, what price do you think it will be at in 6 months? 12 months? I was considering dollar cost averaging on this stock as I am down big time on it. If it pops up above the current downtrend line above $5.40, I thought it might be a time to average down on this stock. What would you recommend I do? Sell at a loss? Dollar cost average knowing the future is brighter? Or do you recommend another energy play that has a brighter future than BDI?
Q: Hi 5i,
What do you make about Amaya's not allowing media and non shareholders at the meeting on Tuesday. Is this level of secreacy warranted. I am down 15% and don't mind holding on for the turnaround but not sure if this company is as transparent as it should be with its shareholder's and the future prospects of taking the company private.
Do you see this a a warning sign.
I appreciate your thoughts. Antoine
Q: Now that some of the initial panic in the markets after the Brexit vote seems to be settling down, what are your current thoughts regarding the potential sale of the company and probable timing?
Q: I currently invest through a full fee major bank broker and am considering switching back to an online brokerage account with the same bank. The cost saving is obvious, but what is not is the level of security of assets from potential loss due to hackers or by other means. Do you have an opinion as to the level of security provided by either alternative or what means an individual investor should take to protect themselves, particularly with regard to an online trading account?
If this question is not suitable for this forum can you refer me to articles on this subject?
Q: I am struggling to understand the relationship between dividends from common shares versus preferreds. I understand the the preferred shares will be paid before the common shares. However preferred shares do not participate in any future dividend growth rates. As an example National Bank common shares (trading at $44.09)are offering annual dividend of $2.20 (yield of 4.99%) .The recent issue of national bank preferred NA.PR.A issue price of $25 offer dividend of $1.35 (yield of 5.4%). If the div on common were to grow by a modest 3% over the next 5 years the dividend would be $2.55 or 5.78% surpassing the preferred shares by almost .4%. Historically the div growth rate had been 10.5% which would make the case to own the common shares more compelling.
The argument that can be made for preferreds is when the company becomes distressed the dividends on the preferreds would be paid first. However is the protections really of values as both the share price of the common and preferred will most likely fall when the company is in distress.
My question is how do you calculate the breakeven between common versus preferred shares when looking at the dividends.
Q: Hi 5i. I just read an article at pbs.org about the growing monetary bubble and its eventual unwinding which is supposedly inevitable given the unprecedented level of money creation in the world that is going on. What is your take on the subject? Do you agree that a day of reckoning is inevitable, and what would it look like? Doesn't Econ 101 say we should be seeing escalating inflation if this is the case? What would be the best defence to protect savings in a bad scenario?
Q: Earlier this year your team did a portfolio review for me. Thanks for that as I am much more diversified now (and a bit smarter). I own ESL and would like your opinion on switching to CSU?
Q: What are your thoughts on tonight's update for High Arctic? Should I be concerned with the short term on the new contract? I really like this company fundamentally but worry about the risk of their customer concentration.
Q: I have trimmed my real estate holdings to 10% of my stock portfolio with 5% in each CIG and FSV. However, I am wondering if I should be taking into account my commercial & residential real estate outside of my stock portfolio? They do generate monthly income and I don't want to sell the properties. Perhaps I should not hold any real estate in my stock portfolio?
I am transitioning my stock port to more look like your balanced growth one. I have MG as of today plus BNS,ENB ALA HR.UN , BEP.UN, AAPL DIS GOOGL NA IGM TD G SLW THO SU CPG POT and very small amounts (under 1% ) in a few dogs TV AVO ESN. Any point in dumping TV and/or AVO at 50% loss? I am over 20% cash and would like your suggestion on any other sells plus which names from your list to consider adding.
Q: I would like to purchase some shares of Sandvine Corp (SNV). Please can I have your thoughts and opinion. Another question, your comments on DHX.B please. Which one would be your first choice. Thanks. Catherine
Q: Interested to hear your thoughts on Lucaras failure to sell Lesedi la Rona (i.e. the giant 1109 carat diamond). Do you think the stock drop is justified? Would this result be enough to justify selling the stock for a long term holder?
Q: This stock nosedived yesterday b/c the 1100 ct
diamond failed to sell above min. bid price.
Does this change the appeal of the company by investors and your opinion of the company
[Was the big drop overdone]
thank you.
Q: Company continues to struggle based on recent results, and forecast was not great. At what point do you think this is buyable if you are willing to wait 3-5 years?
Q: Laurentian is doing $135 million dollar deal today at a nice discount and the proceed will be used to paid for an acquisition of CIT group What is your opinion on the stock and this deal?