Investment Q&A

Q: What is the best strategy to protect against a major market decline ? I am concerned that the stock market as a whole may be in bubble territory and that we may see another major decline like we did after the shocks in 2000 and 2007. In response to similar questions from Heather and Charles on Oct 1 and 2 you suggested that investors should hang in there for the long haul. Are you still of the same view or is there a safety net you would recommend ?

By way of background, in the period from 1995 to 2000 the S&P 500 went from 500 to 1500. After the tech collapse, it sold off to a low of around 800 in 2002 (-45%). Over the next 5 years of recovery, the index went back up to 1500 in 2007, but then collapsed again to around 800 in 2009. We are once again in the 5th year of a bull run, with the S&P shooting past 1500 to its current all-time high of over 2000.

Q: Hi Peter and Team
Is Black Diamond a name that could be overweight in a portfolio? I am considering doubling down/ averaging down my purchase price on this equity. It seems to me to be a little oversold. I will probably wait until their earnings tomorrow but I would appreciate your opinion regardless. I am very comfortable with the associated risks but of course prefer to keep my capital.
Thank you
Jeremy

Q: Hi 5i Team, Guestlogix reported after hours today can I please get your opinion. They achieved record revenue again but I was wondering what the street was expecting for EPS?

Q: Can you suggest 5 top picks for U.S. manufacturing?
Thanks.

Q: Lts closed today at 0.28 to book value and 0.82 to cash flow.Is there something fatally wrong with lts (other than management)?Is shortselling causing the share price to be so low?Although a dividend cut is likely,at today's price close even a 50% cut would still mean a dividend of about 8.5%.

Q: I need an infrastructure stock in my portfolio. Can you rate WSP, Aecon Stantec or SNC. Which one in your opinion has the best growth rate and are there others you would favour.Thanks.

Q: Hi 5i team:
What are your thoughts on an Alta Gas purchase @ the $45 level.
Thanks: Jerry

Q: Your opinion of Andrew Peller please.Thank you.

Q: Hi Peter,
I bought LRE at 5.73$ and it has fallen (crashed!) to 3.02$. Should I just sell and buy something else in the same sector (SGY,WCP) or look into a totally different sector.
Thank you for your help.

Q: Hello Peter and Staff,
I own a diversified portfolio inspired by your own and I have done OK thank you. My question is regarding my energy portion.
CWC,KEL,PEY,PD,RRX,WCP represent now about 7% of my portfolio after the recent pull back.
Should I hold, average down or sell for better opportunities ?
Thank you for your excellent service.
Regards, Raouf

Q: Hello Peter & Co.
My RRIF portfolio contains most of your equity holdings and many of Jason Donville's top 10; I thank you for your contribution.
My problem is that energy producers make up 10% of my portfolio; I should reduce it to 5%.
I hold BTE, CPG, TOU, VET and WCP; how would you rank them?
Thanks again
Tony

Q: Thanks for your question replies. I now need to bump up my Industrial-Tech sector and reduce my Resource sector weightings. I am a retired dividend-income investor.

I want to add CSU, but it has jumped lately. Should I wait for a bit of a pullback to around $300? Any other Industrial-Tech companies that pay a dividend and that you would recommend buying at this time?

I own BTE, CPG, SGY. Which of these would you lighten up on? Which of these has the most secure dividend, given lower oil prices and their respective hedging programs?

Should I wait on adjusting my energy weighting for a bit of a rebound? Seems like I'd be selling oil at the bottom to buy CSU at an all-time high?

Thanks in advance,
Steve

Q: Peter; Do you think PD.TO is a good investment at 9:30 for a 3-5 yr. investment, or are there better drillings or do you think the service companies like Canyon are a better investment. Thanks for all you do. Rene

Q: Any comments on this Macau gambling stock or Las Vegas Sands nhs

Q: Hi 5i team, On Oct 31 2014 re: LRE, you answered to Terrance:"BOTH names have some debt and lower balance sheet liquidity and in this environment, financing could become tougher to find so we would not classify the dividends as safe but would not expect a dividend cut in the near term."
Which other company are you referring to apart from LRE? Also, LRE is reporting earnings Nov 5...do you expect more downside on the stock? If so, would it be better to sell before earnings?
Thank you!

Q: In your Oct 2, 2014 report, you gave a C+ rating to Horizon North Logistics. At that time the stock was trading in the $5.30 range. Now that the stock has dropped to $3 after the Q3 earning release, would your opinion change as the yield is not exceeding 10%. Thank you,

Q: Do you have any idea why WesterOne is always going down? and what do you suggest? What is your long term outlook for this stock?

Michel

Q: I purchased DHX Media last week. Today, I noticed that a National Bank Financial analyst downgraded the stock. In your opinion, is the stock overvalued? Should I sell now before I lose more money?

Q: A subscriber has just mentioned that you announced your portfolio service. I wish to sign up but I don't see where I would do that. Can't wait. Need advice. Thanks.

Q: Hello,

Just wondering if you can comment on LYB. This stock started to pull back in concert with the decline in the market in general, then it bounced back slightly and had since gone sideways even though the US market had recovered all its losses and then some. Your thoughts and comments would be appreciated.

H.S.