Investment Q&A

Q: What is going on with this company? It was last traded at .47 in Canada but at .24 in the USA. I have small position. Should I get rid of it?

Thanks

Q: OTC dropped by more than $2 or 3% on high volumes today. I could not find any news releases to indicate why the market pushed the price down on OTC. Any guesses as to the steep decline today? Is this a good buying opportunity?

Q: Hi, I wonder if you would clarify the mechanics Gildan stock split for me - specifically the date of implementation? On the Gildan website it is described as a stock dividend with a record date of March 20th, but the stock is still trading at its pre-split price. When is the last day to purchase the stock pre-split?

Thanks

Geoff

Q: Hello,

Considering that WIN is at 52 weeks lows and the 7% yield, do you think it's "safe" to use it as bond replacements?

Thanks
M

Q: I owe CSU and am comfortable with companies like this. Enghouse Systems seems to fit that bill. Do you see any risks to adding ESL as a full position while still owning CSU? Do they do business in the same areas?

Q: Why the continuos drop in Cipher?

Q: In response to your answer to Indra regarding ZSP vs HXS, I just have a follow-up comment:

HXS uses a total return swap to replicate the S&P 500. This should allow for more accurate tracking and better tax efficiency. HXS does not receive any dividend distributions so unitholders will not be subject to tax on foreign income or any withholding tax.

Any distributions by the stocks in the index are included as part of the total return swap, so a unitholder would not miss out on the dividends. This increases the tax efficiency of HXS since the only taxes paid would be capital gains tax.

This increase in tax efficiency should also outweigh the negligible increase in MER compared to ZSP.

See http://www.horizonsetfs.com/Pdf/FactSheets/FundFactSheets/HXS%20Fact%20Sheet.pdf for details.

Q: Hi, I wonder if you would clarify the mechanics Gildan stock split for me - specifically the date of implementation? On the Gildan website it is described as a stock dividend with a record date of March 20th, but the stock is still trading at its pre-split price. When is the last day to purchase the stock pre-split?

Thanks

Geoff

Q: Are you surprised at the listlessness of High Liner Foods, today, given the Kraft/Heinz deal? Looks like Kraft went from 19x this year's earnings to 26x this years earnings with its move today.

Do you have any insight whats to account for the large estimated eps increase from 2015 to 2016 for High Liner ($1.55 to $1.97)

Thanks.

Q: I have a 3.5% position in Cannacord and down 38%. Volume is low but the price seems to have caught a bottom. I am very tempted to average down my cost. Do you think I would still be trying to catch a falling knife? Do insiders own a lot of the company? Thanks.

Q: What do you think of their recent results? Do you see this as a growth company?
Should I sell or hold or buy more?
Thank you.

Q: Although we are still buried under mounds of snow here in the Maritimes, it is spring cleaning time. I am looking to get rid of some of my loser stocks for other opportunities.
Would you recommend bailing on any of the following? Or conversely, would any be good to average down on? I have a long term investment horizon.
GXI -34%
CVE -35%
ESN -57%
NTB -31%
RMM.UN -19%
AX.UN -3%

Thanks

Q: Good morning team, What would you think would be a good price to add to ET? Chart looks a bit negative right now.
Thank you!

Q: I like many was "overexposed" to energy and also made the mistake of trying to catch too many falling knives on way down. I am determined not to spend more new $ on energy and when or if it rises dump some so I do not end up like that again.
I am resigned to the fact that some of my losers may never recover to my ACB but also feel some of them(I dont know which ones) will have more potential for a bounce. Looking at my weightings within the sector, I feel I have more BTE than I would want later and not enough PEY.
I know you are a fan of PEY...do you feel a switch of some of my BTE for PEY makes sense? ie not losing out on any potential spike in BTE from current levels?

Q: What is your considered opinion of the investment merits of Kirkland Lake? It has been approx. one year since the last inquiry about the company. In your assessment, please comment on the nature of the ore body that is being exploited as well as the results of exploration on the property. Finally, what is the impact of Eric Sprott becoming the Chairman of the Board?

Thanks for your insight and analysis.

Q: Peter, you were negative on Noront since the last question June 2014. It was a top pick yesterday by Miahael Smeley. Has anything new developed and are you any more favorable.

Q: Hello,

From the above companies (or any other in the sector) which ones do you think has the best potential for the next couple of years.

Thank you
M

Q: Hi
I realize 5i doesn't follow Kraft, but with today's popping news, what advice would you give to owners with a full position? Would you wait it out or cash in on the hype by selling this morning? Would you sell half and let the other half ride it out? Would love to hear how you handle a situation like this. I'm up 10% before the Heinz merger, but it's up another 30% in premarket this morning.
Thank you

Q: Peter Ryan and team
I have a limited accounting background I understand most of the ratio's eg ROE PE CF but I have great difficulty in figuring out how to calculate them on a complex financial statement

Could you suggest a course or literature to help members calculate the different ratios and determine debt levels etc

Everyone says do your own research and I want to become better equipped

Any suggestions would be appreciated

Thanks
Paul

Q: This company has hit new highs the pas 2 days on the venture. Ravi Sood is on of the principles behind what they claim is using the income trust structure as it is based on foreign assets--in this case renewable power on the fringes of the EU. Does the concept work? Is it for real and not phony magic?

Bryon from Elmira