Investment Q&A

Q: I notice there haven't been reports or comments on this company you cover for tha last year or so.

Has your opinion changed on it or is it basically the same as the 2014 report?

Do you think that the Dorel Convertible Debenture would be a sound addition to one's US fixed income portfolio?

Thanks

Q: Peter et al.

What do you make of the Premium Placing at $1.05 by Delek in Ithaca for $66 million and approximately 20% of the shares outstanding? Ithaca has moved up in the last month and seemed to be liquid until after the planned Stella start-up in July of next year. They say the funds will be used to reduce debt and for satellite field acquisitions. If used for debt reduction it will not have much affect on the nearly $750M outstanding debt for the huge equity giveaway. If used to acquire future production at a cheap price then I see value but to reduce the debt it will have a marginal impact right now IMO. What is your viewpoint? Am I missing something here.

Regards,

Brendan

Q: Dear Peter and co.
An analyst I follow just recommended waiting for a very low-ball entry point on FCX, believing it may fall below $7 a share. He gave a similar recommendation for AEM (Agnico Eagle).
I would like your general outlook, as well, do you feel these miners have lucrative holdings? Is management in a strong position if precious metals were to fall as dramatically as he has forecasted?
Thank you

Q: I have heard the suggestion that KEP tends to be a bit of a bellwether for the Asian Market. What is your opinion of this firm and this notion?
Best regards,
David

Q: Hello: I have this stock left over from my days with a financial advisor. Bought at $16.00, today it's $18.88, so while the price is declining, I'm still not yet in a loss position. Having read the previous posts, is it best to just sell and get out? What I really want is long-term hold dividend growth stocks. Can you suggest a few that are not banks/financial, telco or utilities (which I own enough of)? Thank you.

Q: I am 65 years old and this is what I have in my RRSP(my income account). Everything except Win (has 2%) has about 1 full position (5%). I have about 50k still to invest. What would you do with it, and what do you think of the present allocation?
TRP,Tog,RY,NA,LIQ,FTS,CVE,CWB,BNS,ALA,G,BEP.UN,EMA,TMA,and T. Short of the market totally collapsing, I am ok with market gyrations.

Thanking you in Advance
John

Q: I was looking at this preferred share innergex power 5.75% ser C perpetual price of $18.50 yield 7.77% and callable in jan18. Can you please explain the biggest risk with this type or security outside corporate risk ? Am i correct to assume that the yield of 7.7% is only until jan 2018 and the yield thereafter will be the terms of reset or is it a perpetual 7.7% ? Thank you

Q: My question is not about Wajax specifically, but using Wajax as an illustration in the context of my question.
In previous answers, you have repeatedly expressed a leaning towards shedding losing stocks and replacing them with others currently showing promise, on the premise that there's an opportunity cost involved in holding the "loser".
Assuming the company (Wajax in this case, on which I'm down almost 50%) is a well-managed company, and in the absence of known problems, and the company is merely being battered by economic conditions WHICH WILL (EVENTUALLY) TURN AROUND, wouldn't any replacement stock have to double in value (including reinvested dividends) before reaching breakeven? And isn't it likely that the loser stock, Wajax in this case, will likely double in value sooner than (almost) any replacement stock (provided the replacement isn't of substantially higher risk profile)?
Or, to put it a different way, isn't the opportunity cost of continuing to hold the losing stock effectively nil?
Thanks for your and your team's continuing effeorts to educate us! Lotar.

Q: Hi Team , I have 10k that I want to invest in a TFSA account, I wont need these funds for 5-10 years, Im thinking of 3 options , invest in your equity model portfolio picking appox 10 stocks with a 10 % weighing, # 2 invest only in ETFS , or # 3 split the 10 k between the 5 banks , BMO, BNS, TD , RBC and NA... does any of these options look good to you? .....or do you recommend an option 4 ???
For option 1 can you recommend some of the stocks to pick ? and also for option 2 can you recommend some ETFS to pick ?

Thanks

Q: Great article in the Globe concerning this co. Give a good dividend 3.9% .. what are your thoughts on a possible entry point. Respect your opinion.

Q: Would appreciate your opinion on this company and if you consider it
a "buy" at todays price.Thank you.

Q: The stock is up 300% in the last year. Refinanced 25 million of debt with BNS and recently upped guidance. The new management has turned this company into one of the best gold plays.Do you see anything else I am missing here? This is my best stock YTD and I know 5i likes momentum.

Thx

Q: Are you guys frustrated or growing impatient with the lack of excitement, or acquisitions from Sylogist? iam.

Q: Dear 5i

I came across this comment from Otterwood Capital Management today:

"The fundamental event which could initiate a dollar selloff would be an announcement from the International Monetary Fund to include the Chinese Yuan in the SDR basket (see my post here for more details). The last decision was made on November 15th, 2010 so we should expect similar timing for this year’s decision. If included, roughly $1 trillion of global reserves will move into Yuan, largely out of US dollars. The decision would be positive for Chinese risk assets and by default, negative for the US dollar.

The US dollar is at a crossroads and the ongoing consolidation is running out of time. One way or another it will break out of the range and an unanticipated US dollar selloff would lead to significant repositioning and volatility."

This is the second time I have heard about this in a week. I just wanted to get your opinion on this scenario and what, if anything, you would recommend doing (i.e. would this be a good time to sell some US stocks?).

Thanks for your great service.

Q: I have a relatively well diversified portfolio and would appreciate your perspective on how the top-up contribution of $4,500 to my TFSA might be invested. I'm looking for growth opportunities as opposed to income. Please provide a couple of suitable stocks.

Thank you
Rossana

Q: .give your assessment of this stock,please

thank you

Q: Hi Peter what is your take on the high volumes and price on this stock in the last few days.Who do you feel is buying ?
Kind Regards
Stan

Q: Hi...what are thoughts about POT. It is near a 5 year low. I purchased it mid forties. Is it worth holding? If not, what would you replace it with. Thanks for your time.

Q: I have seen PHM beaten down from $1.50 to approximately $.50 over some recent controversy. It appears that management is good and their results remain very good so no fundamental change in the companyto warrant such a large drop in valuation. I'm I missing something

Q: For investing books, what would you guys recommend for the middle of the road, fairly experienced, investor, thanks?