Q: What should we make of yesterday's bought deal ? Is it time to initiate a position ?
Thank you
Thank you
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Investment Q&A
Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.
Q: Though not in the Income Portfolio anymore, I am still holding EIF and EMA. Is it a good time to sell these and add others from the Income Portfolio or keep things as is?
Thank you
Stanley
Thank you
Stanley
Q: Hello team, Which type of acct. is best for EIF ??
Thanks!
Thanks!
Q: HI CEO, good presence on BNN today, you have a lot of fans. Am i going to make a lot of money on EIF due to their acquisition of the window manufacturer? (assuming the deal closes.
Regards Al
Regards Al
Q: It looks as though something said at the conference call upset the market. Do you know what it was?
Q: EIF's results look pretty solid. Do you think this will be enough to make the shorts move on?
Q: I didn't know the markets were so emotional , TOY having sympathy for Toys R Us big drop today , what emotion would be attached to EIF's rather large gain today ??Confidence ? ..are short sellers finished with EIF? Have a great day.
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Canadian National Railway Company (CNR)
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Stantec Inc. (STN)
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NFI Group Inc. (NFI)
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Badger Infrastructure Solutions Ltd. (BDGI)
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Savaria Corporation (SIS)
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K-Bro Linen Inc. (KBL)
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Exchange Income Corporation (EIF)
Q: Hi Peter and Team,
In our combined portfolio, we hold the following Industrials: BAD, EIF, KBL, NFI, SIS, and STN. In this group, we're frustrated with EIF and are just breaking when considering its healthy dividend. I like your idea of "forever" stocks and note that CNR is your pick in this sector. My questions are: Given that all of the above (with the exception of EIF) are performing well, would you be OK with replacing EIF with CNR, or perhaps you have a better suggestion? Are there too many Industrials in our portfolio and is it time to exit one or more of the group?
As always, your advice is greatly appreciated and valued.
In our combined portfolio, we hold the following Industrials: BAD, EIF, KBL, NFI, SIS, and STN. In this group, we're frustrated with EIF and are just breaking when considering its healthy dividend. I like your idea of "forever" stocks and note that CNR is your pick in this sector. My questions are: Given that all of the above (with the exception of EIF) are performing well, would you be OK with replacing EIF with CNR, or perhaps you have a better suggestion? Are there too many Industrials in our portfolio and is it time to exit one or more of the group?
As always, your advice is greatly appreciated and valued.
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Alaris Equity Partners Income Trust (AD.UN)
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Exchange Income Corporation (EIF)
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Crius Energy Trust (KWH.UN)
Q: AD seems to be on a continual downhill slide. I am contemplating selling it in my RRSP and replacing it with 50:50 EIF and KWH.UN for income and more optimistic growth potential. Your opinion is appreciated. Joe
Q: EIF stock seems to be recovering from the short report. How many shares are currently shorted??Is 5i aware of any news to account for the stock rise.
Thx
Thx
Q: Is this a buy at the current price , would like to take a 2 to 3% position in this stock. Your comments..........
Q: What is wrong with this company? The stock has gone down a lot.
Is dividend in danger?
Is dividend in danger?
Q: Hello, Exchange has been dropping very significantly due to a short attack. Do you feel this company is fundamentally sound
or is there some merit in the short position.
Thank you,
Alan
or is there some merit in the short position.
Thank you,
Alan
Q: Re: EIF and other companies that become targets of a short attack, typically how long do the shorts hold their short position before they start to cover it? Shouldn't the price rebound somewhat once they start buying?
Q: Good morning.
I'm not a fan of short sellers but, with EIF, they may have a point on the cash flow. Looking back at the last 5 years (Morningstar.ca), it does seem that they are consistently showing negative free cash flow and this seems to be primarily due to investing in PP&E rather than acquisitions. If it was for acquisitions, I would view it more positively but for PP&E, every year, not so much. What is your opinion?
I'm not a fan of short sellers but, with EIF, they may have a point on the cash flow. Looking back at the last 5 years (Morningstar.ca), it does seem that they are consistently showing negative free cash flow and this seems to be primarily due to investing in PP&E rather than acquisitions. If it was for acquisitions, I would view it more positively but for PP&E, every year, not so much. What is your opinion?
Q: More of a comment than a question.
I sold half of my EIF holdings several years ago when there was a similar short attack which proved to be unfounded and also demonstrated that EIF management is actually very capable. The stock more than doubled after that, but is tumbling again not because it is a badly-run company but because it is small enough to be vulnerable to a short. I've come to the conclusion that these short attacks set up an irresistable negative psychology and a well-funded and clever shorter is probably unstoppable at least in the near to medium term. As a general rule it seems to me better to sell very early in this situation. Appreciate your thoughts
I sold half of my EIF holdings several years ago when there was a similar short attack which proved to be unfounded and also demonstrated that EIF management is actually very capable. The stock more than doubled after that, but is tumbling again not because it is a badly-run company but because it is small enough to be vulnerable to a short. I've come to the conclusion that these short attacks set up an irresistable negative psychology and a well-funded and clever shorter is probably unstoppable at least in the near to medium term. As a general rule it seems to me better to sell very early in this situation. Appreciate your thoughts
Q: Hi 5I,
General question on how successful short sellers operate. Do they short the stocks daily, weekly or how do they keep the price down? If they continually short the stock, do they not end up owning a considerable % of the companies stocks in order to keep the price down? Is there a website that gives the % of the stock that is shorted? It appears that you need to be careful in the Canadian market that you are not on the opposite end of the short attacks. Are there any other Canadian stocks that are heavily shorted?
Thanks Keep up the good work.
Bob
General question on how successful short sellers operate. Do they short the stocks daily, weekly or how do they keep the price down? If they continually short the stock, do they not end up owning a considerable % of the companies stocks in order to keep the price down? Is there a website that gives the % of the stock that is shorted? It appears that you need to be careful in the Canadian market that you are not on the opposite end of the short attacks. Are there any other Canadian stocks that are heavily shorted?
Thanks Keep up the good work.
Bob
Q: PLEASE MAKE YOUR OWN CALL ON WHETHER YOU LIKE TO ANSWER MY QUESTION PRIVATLEY OR PUBLICLY.
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I'm very frustrated with my investment in EIF. I took a loss early after the shorts took the chance to destroy the EIF share price on its Q1 results. I re-acquire EIF later due to the positive signs from management on its Q2 results. Well, the market manipulators (Prescience Point and Cohones and others) once again gang up to give EIF another dunking today.
Why investors would take the words of market leeches (who spread lies for a living) over those of management is beyond comprehension. This is how the market works, unfortunately.
You know you can actually ruin any business by spreading rumours! Take for example, we all know that even the best run banks cannot withstand a run, and collapsing a bank is very easy (see HCG). That is how quick and easy it is to make money in shorting, sadly the law is totally blind on this.
HCG was an earlier victim and thanks Mr. Buffet I hope the shorts took a bloodbath on that one.
My questions are a). can EIF find the Buffet type of back stoppers to rid itself of the shorts? b). if not, can us small retails continue to hang in there and perhaps face the DH type of volatility until management gives up and sell the company, or c). I should just take my second loss on EIF and learn from hereon just stay away from short infested stocks?
Your insight is much appreciated. Thanks.
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I'm very frustrated with my investment in EIF. I took a loss early after the shorts took the chance to destroy the EIF share price on its Q1 results. I re-acquire EIF later due to the positive signs from management on its Q2 results. Well, the market manipulators (Prescience Point and Cohones and others) once again gang up to give EIF another dunking today.
Why investors would take the words of market leeches (who spread lies for a living) over those of management is beyond comprehension. This is how the market works, unfortunately.
You know you can actually ruin any business by spreading rumours! Take for example, we all know that even the best run banks cannot withstand a run, and collapsing a bank is very easy (see HCG). That is how quick and easy it is to make money in shorting, sadly the law is totally blind on this.
HCG was an earlier victim and thanks Mr. Buffet I hope the shorts took a bloodbath on that one.
My questions are a). can EIF find the Buffet type of back stoppers to rid itself of the shorts? b). if not, can us small retails continue to hang in there and perhaps face the DH type of volatility until management gives up and sell the company, or c). I should just take my second loss on EIF and learn from hereon just stay away from short infested stocks?
Your insight is much appreciated. Thanks.
Q: Hi, another EIF question. Are the shorts like cohodes and consorts paid by commission by a big US hedge fund to take out Canadian companies ?
Regards AEO
Regards AEO
Q: Hello Peter & team. I have a full position in EIF, as of today would you sell this stock or not? In the answer to Richard you say that Prescience Point piled on to the short attack, with a tweet indicating EIF is a "terminal short". What is a "terminal short"? Best regards, Gervais