Investment Q&A

Q: A bit of a reversal from the usual questions after a poor quarter - why isn't TOY stock getting hammered today after its rather drab results ala BAD? Would this suggest that the stock has now bottomed in terms of valuation? Or that this company is so highly thought of that this quarter is seen as an aberration and current stockholders see very positive results ahead? Does any of this suggest then that this a good time to add?

Appreciate your insight.

Paul F.

Q: How much patience is left on this name in the model portfolio in light of today's results?

Q: Hello 5i. After the latest big miss is it a buy now or do you think there will be a lot of tax loss selling?
Thanks

Q: Your assessment of WSP quarterly results.
Thank you, Ian.

Q: Old you please comment on Badger earnings. Did it warrent a 18% drop in price today?
What are the prospects going forward? Buy, sell, Hold?

Q: I presume distributions are taxed as income from these funds. Are there any other tax items with these ETF's, such as Return Of Capital?

Q: Hi there, Badger is dropping on a weak Q. Would you recommend stepping in here? If so, would it be a full or half position? Thanks!

Q: How does one invest in the Chinese stock market and high tech in particular? I am not looking for a general index fund but a fund with active management that investigates and only invests in hiqh quality growth and dividend stocks in China and with a proven track record.

Q: What can you tell me about this company? I have held it for about 10 years in a registered account. Not sure what the yield is either. Is there another similar bond fund that is better?

Q: Hello,

I am a long suffering holder of Vector Group Ltd. (VGR:US). The company seem to steadfastly pay out a quarterly dividend of $0.40 per share and has done so for many years running. Despite that fact, the company's share price seems to be in an almost continual, slow decline (much like VET).

I would very much appreciate your thoughts on Vector Group's recent earnings announcement. If possible, I would also appreciate your thoughts about the likelihood of Vector Group being able to continue to pay out the $0.40 per share, per quarter, for the foreseeable future.

Thank you!

Q: Hi Peter
I’ve held Disney for 1 year and I think I’m going to let it go . Can you recommend a us company to replace it .

Q: Hello Peter,
Can I have your opinion on this ETF. I like the holdings & sector weightings.
I am considering it instead of ZLB. Yes, it is smaller & hasn't performed as well as ZLB, but it has a slightly lower MER and a higher dividend yield, which I like.
What is the max portfolio weighting you would recommend?
I am also considering bumping up the reit weighting with REIT and would appreciate your opinion on this ETF also.
Thank you,
Martin

Q: Two questions re: Granite reit.
They have a normal course issuer bid in place. Why would they buy back their own shares while going to the market to issue more shares?
These units are referred to as stapled units IE one trust unit and one common share. What is the significance of this arrangement. Thanks.

Q: I'd appreciate your thoughts about this U.S. company. Thanks.

Q: Looking to more reit exposure I am thinking above three mentioned, either all three or combination. Any thoughts, or opinions would be welcomed, also, please rank in order of preference

Q: You said in an earlier answer the following..."market chatter that cyclical stocks may be due for a run, with low interest rates and a resumption of global growth (or fading fears of a recession, at least)". Could you maybe name 3-5 stock you would recommend that would fit the bill as a "cyclical stock". Thanks.

Q: Hello Team,
I am overweight in technology growth names and have been caught in this “sector rotation” from growth to value. My question is do I now hold steady and ride out the storm, or trim back my growth holdings and switch to value? I am a buy and hold investor typically and believe the names I am invested in are best in class in what they do, and believe the way the world is going that technology will continue to advance and should be where the biggest growth is now and into the foreseeable future. So, with the names listed do I buy more , hold, or sell?Thanks for your input on the matter.

Q: Just finished reading Peters article in the latest edition of Canadian Money about High yield dividend payers. Question about payout ratios. Its confusing.
Example; In Morningstar for 2018 the payout ratio was quoted at 134%(unsustainable)
Using operating cash flow the calculation is 230M/388M = 60%(sustainable)
Using free cash flow the calculation is 230M/322M= 71%(probably sustainable)
Peter you have said the calculations should use either free or operating cash flow for the calculations of payout ratio.
I contacted Morningstar asking about their calculation and they said they use what the company sends them.
So which is right when trying to figure out whether the payout ratio is too high?
There are multiple other examples, Enbridge to name one.
Stated payout ratio 282%, operating. cash flow calc, 3844/10502=37%
Free cash flow 3844/3156 = 121%. Quite a variance. I'm confused.
WHICH CALCULATION IS THE BEST ONE TO USE TO HELP DETERMINE SUSTAINABILITY?

Q: Please comment on the results and explain the market reaction to it.

Q: I want to add some pipeline stocks to my portfolio. I have TRP in sufficient quantity. Can you please comment on IPL and PPL. Do you have a material preference of one over the other?