Investment Q&A

Q: Good morning,

Could you please provide a thumbnail sketch on Sherritt and your advice on whether it is a buy given rising nickel?

Thank you

Q: Good Morning, I am under weight in base material and Consumer defensive. My list of current holding is below. I am looking to put some money in these sectors to bring my sector allocation as suggested by your Portfolio Analytics.
The time period to hold is long term 5 year plus. Growth stocks preferred. Kindly recommend

1. Should I add to current position or if there are better opportunities kindly recommend them
2. If some of these needs to be replaced with better growth stocks , kindly suggest the same

Coca-Cola Company (The)
Dollarama Inc.
Nutrien Ltd.
Primo Water Corporation
Procter & Gamble Company (The)
Sherritt International Corporation
Sherritt International Corporation
The Kraft Heinz Company
Walmart Inc.


Thanks

Q: Peter,

What happened to the Sherritt bonds due November 15,2021? Did they get paid out, refinanced or was there a haircut ?

Thank you,

Paul

Q: Thanks 5I team for all the insights. It is very helpful. I am planning to sell Sherritt and American Hotels with a big loss in my RESP portfolio rather than wait for any potential recovery, if any. Is that a good plan? Looking to replace it with a good growth stock. The time horizon is 5 to 6 years. I am fine with taking the risk and being aggressive. It will be about 3.5% of the RESP portfolio. Can you please suggest such a good growth stock with that time Horizon? I have no sector or country preference for this.

Q: I would like to use one or more of these companies for tax loss selling. Which two companies do you think are the best candidates to sell. Portfolio diversification will not be affected to any large degree by selling any of these stocks. Thanks.

Q: Sherriitt is up the last couple days. Any reason for the increase?

Q: I don't own Sherritt thankfully. You note today (July 31) in your response to a question on CNC that nickel prices may strengthen due to electric battery demand. Do you think this will help S or are is the company too far gone? S used to own a nickel mine or smelter to Cuba. Does S still have nickel resources in Cuba and if so do you think a Democratic victory this November will ease restrictions on the import of Cuban nickel into the United States? Any comments on S's cobalt warrants? Are the holders in the money?
Thanks,
Jim

Q: S has issued a press release today on restructuring their debt. I have some bonds from them due in 2021 that I understand will now be due in 2027. There are some other related clauses in there that are difficult to figure out. Any way that can read the press release and figure out what the deal is? Thanking you in advance, Martin

Q: I bought a bond from S in 2015 that originally was to mature in 2018, but unfortunately was extended to 2021. In the meantime I have a 56% paper loss. I saw today that S stock price is at $0.18(!). Is there a more than likely chance that Sherritt will go under and if so, is there a way to estimate how much of my principal I can get back? Should I just sell this bond even if it’s in my RRSP? Thanks, Martin

Q: I am holding Sherritt at a steep loss, do you think there is any hope here? What are the chances they can go bankrupt?
Many thanks

Q: I own 10,500 shares of this company and it presently sits around 22 cents .
What do you foresee in it's future ? Many thanks .

Q: Could you give me any info you can on this company in respect to earnings ,management,debt,projects any upcoming catalysts and would you consider this a good entry point for a 2-4 year hold....thanks

Q: Hi, my question is about Sherritt bonds .I still own 2 one is.due 15 Nov2021 8%
and one is due24 Sep 23 with 7.5 %.With the declining value should I sell ?Im aware they have a lot of debt, but I was advised to extend both in2016,Is the one callable this year?thanks for having some inside into the Co.
Margit

Q: I can't believe how low S is. Nickel and cobalt are going to be going up in demand with there use in batteries. Why the big drop and how do you view management and there finances.

Q: this stock is not looking good , any chance it could go bankrupt?

Q: What would be Sherritt's book value? I know they have a lot of debt but at
71 cents gambling alittle cash might be an option?
Thanks Greg

Q: Iam interested in investing in a quality canadian cobalt company, any recommendation, thanks?

Q: Hello 5i, could you explain the share price drop in Sherritt and also your opinion of the future prospects for the company. Thanks

Q: My self-service broker has in its inventory Sherritt bonds, having 7-1/2 years to maturity on 11 Oct 2025. The (annualized) yield to maturity is 9.8% .
To redeem the bonds at full value on the maturity date, Sherritt does not have to do well : it just needs to survive without defaulting on its debt.
I am fully aware that these bonds are not suitable for the safe fixed-income part of my portfolio, but rather would be lumped in with my equity investments in terms of risk.
What is your opinion as to the probability that Sherritt will, at a minimum, "at least barely survive" so that they would be able to redeem the face value of the bonds in 2025?
Thanks!

Q: Hello 5i team! Can I please have your opinion on S. Would you buy it at this price? What are your thoughts on the outlook for nickle in general? Base metals?

Thanks!