Investment Q&A

Q: I have approximately 7% of my portfolio in high yield bond funds and with interest rates expected to go up I was thinking of switching some into insurance companies such as sun life and GWl. Do you think that is a sound strategy? Thanks

Q: Hi Peter and Team, if Lightstream, LTS, formerly Petrobakken, PBN, was to cut its dividend payout by 50% or more and/or if the DRIP was cancelled then would that materially affect the current stock price to move in a positive direction? Wouldn't this be in the best interest of all shareholders? Why not cut the dividend substantially for now, while oil prices are high, take a hit, which they already are in terms of share price anyway, and start paying down debt much faster while oil prices are co-operating? Seems as though this would only help the share price for the long term! Thanks!

Q: Hi Peter,

A while back you mentioned a potential reason tourmaline was issuing equity could be to make an acquisition or two in 2013. Any thought on what possible companies this could be? I assume it would be one that operates within the deep basin?

Q: Peter - is this a good time to invest in Europe? I am looking to take a 3 to 5 percent position in my portfolio. If so, can you please recommend an eft that is poised for growth. Thank You.

Q: I'm thinking of loaning my son- a university student, $50,000 to invest to help pay for school and pay a lot less tax than me! What 2 or 3 stocks would you suggest to generate income and capital gains but not too risky? I was thinking TD, BNS, crescent point.
Thanks

Q: Given the choice between adding more GH which continues to make new 52 week highs or adding to a beaten down REIT such as D.UN, which would you prefer?

Q: do you consider Amaya gaming,(aya) a higher risk stock considering they are dependant so much on the gambling industry, thanks?

Q: Hi Peter
can you give me an update on dci please
thank you
margit

Q: Hi Team, What do you think of WN, do they have good management, how would you rate the company overall? Great job...keep it up!

Q: Tamarack (TVE) had a recent announcement, do you think it's got good upside from here? Thanks.

Q: Reference to Hussein question about cashing in a defined benefits pension plan. I did exactly that as interests rates are very low yielding a very high payout. The payout depending on your age will have a cash portion which will be taxed at your marginal rate. The tax sheltered portion can go to a LIRA or a Life Income Fund, which is what I did. All I have to earn in return from the funds left over after paying the tax on the cash is 5.5% to equal what my pension would have been. I am getting that with Canadian dividends companies. Also remember that you will have money to give to your heirs once you go but with a pension plan all bets are off. A good source of pension info is "The Pension Puzzle" which is written for Canadians by Canadians. Moshe Milvesky has written some good books on pensions so check them out especially the ones written for Canadians.

Q: Hi Peter,
can I please have your thoughts on ATS Automation (ATA)? Thanks. I own some and may consider selling, it's had a good run, what do you think?

Q: what is the difference between bbd.pr.c and bbd.pr.d and can a company recall its share at the market price as opposed to the issue price?

Q: Good Morning,
I have had Valeant Pharma (VRX) for some time now and see it is starting to drop again. What are your thoughts of this company and would you still consider it a buy?
Thank you for all your assistance.

Q: PBH / NCIB

All they have done is reissue the NICB that recently expired.
I found this towards to bottom of the NR.

"The Corporation has in place a Normal Course Issuer Bid respecting each of the above-named securities, which was filed with The Toronto Stock Exchange on August 13, 2012 and which expired on August 14, 2013. The Corporation purchased $810,000 7% Convertible Debentures under and pursuant to the terms of such Normal Course Issuer Bid. No purchases of any other of the above-named securities have been made by the Corporation pursuant to such Normal Course Issuer Bid."

As you correctly pointed out Announcing an NCIB and executing it are two different things.

Q: I own 800 shares of Mid.un in my son's RDSP plan. I also hold 800 Mid.un warrants which may be exercised commencing January 1,2014. I would like to know whether I can sell these 800 shares on open market use proceeds to buy another stock and still have the right to exercise warrants in January 2014 at $9.88 per trust unit. Thank-you
Best Regards
Harold

Q: Hi Peter:
In my RRSP, I still have alot of Bonds in a bond fund and a short term bond (MD stable bond); will it make sense if I switch part of it to a laddered prefer shares ETF or a prefer ETF like CPD; thanks for your help!

Q: I have TRP in my TFSA but it has gone nowhere. I want to sell it and buy either BNE or WCP for their higher dividend and growth. Can you comment on the trade, and tell me if WCP or BNE have drips.

Q: Hello 5i Team. I am thinking at purchasing KKR and GS and would appreciate your opinion on these two US stocks.

Q: Hi 5i I have a 1.8% weighting in Aston Hill, I'm down approx.
10% I'm thinking of bringing the weighting up to 3%. I usually buy my stocks in 3 purchases until I have a 5% percent weighting
if the stock justifies it. What are your thoughts onAston Hill
Thx Gerry