Investment Q&A

Q: Hi Peter and Staff
Considering averaging down small on small positions in either KEL or SPE. I think SPE has a better balance sheet? but in a ranking last week for a reading you had KEL a couple of spots ahead of SPE. Which do you prefer if you had to pick one going forward?
Thanks and have a great day
Dennis

Q: PBH has gone up a lot in the last 2 months. I'm now seeing a forward P/E of 23.5.

At what point would you say that a company looks good but the stock is too expensive to buy at the current time?

I currently have ATD.B weighted at 5.77%. Would you advise selling a half position in ATD.B to buy a half position in PBH?

Q: I'm unable to find any news on BAM.A today, which would account for its 4.6% drop this morning. Is it event related?

Thanks

Q: I realize it's tiny, any opinion on this company?

Q: Hi team, I wondered if you had any opinion on this US stock, by chance? I'm looking at its recent downturn and hoping this is an entry point... Thanks!
Kate

Q: What percentage of REIT's would you hold in a diversified portfolio?I currently owned HR.UN and in a loss position. I am thinking of averaging down as it is only 1.5 % of my total portfolio and increasing it to 3% and also buy CSH.UN for a 2% weight and the total weight would be 5%. Is this a good idea?
Thanks
Dolores

Q: Hello Peter and 5i team,
We took some profits in our grandson'e RESP [ a toddler ] and are considering a new position or adding to our current holdings. The current holdings are ATD.B, AVO, CXI, DHX.B, XTC, GUD. Thank you for your opinion.

Q: Could you give us your latest opinion on cix pls

Q: more a comment. td has now rated the stock a buy and a 12.50 and up target price. td was very impressed with the investor day on mar. 30 and says to buy tck on any weakness and it looks like a bottom is in met coal prices. I know 5i looks at tck as a binary trade but someone is buying.

Q: Just a comment,
Please update your header when adding news I checked to look for your updates and only looked at the Mar 14 header not realizing you had updated comments below. I see you have finally updated the header.

Mike

Q: Hello team again,

I have been reading on this one and the question now is: In the long-term, what is the likely outcome? Is this company going to survive? I am sure no one knows but based on your experience what is the best course of action now if you bought in at 1.15? Would you average down if you were a long term investor and wouldn't mind sitting idle for the next 5 years?

So to make it easier for you: In your gut, do you feel this company back to $1.15 in five years or down to $0.15? And if the former is true how long would you wait to average down if at all?

Thank you very much indeed!

Q: Hello team,

I have a question which may turn to a suggestion. You have just released a report on this company, which is generally positive for a long-term investor. I wanted to ask what you know about the management of this company. Have you seen them? What do you think of them? How much skin do they have in the game?

And with that, what do you think of having a section on Management in your coverage report? Like who they are? what is their background, past experience, education, etc? Have you met them or not and what is your overall impression of them? I think a section of this kind would add more value to your coverage report. I don't think I am the only one who believes more often than not it is the management that makes or breaks a company. I don't want to invest in a company which you (5i) do not have a good impression of. And if you put this information in the report, members would not have to email you and ask you the same.

Thank you as always 5i.

Q: Following up on a question you had earlier today from Dennis, where and when are portfolio changes published ?

Q: Hello,

It is my understanding that you had planned to review this company over the weekend and evaluate whether it would remain in your growth portfolio. Any feedback regarding your findings would be greatly appreciated. Thanks.

Frank

Q: Good Morning 5i
Please provide your comments on NYX/Openbet deal? Thanks.

Q: Having reviewed a few small companies that I have been following for a long time it appears that there is a turnaround in a number of different resources. Would you consider any of these or maybe others in similar areas as "buyable".
Thank you for your hard work, Peter

Q: Hi Peter and Staff
This isnt really a question on a stock(s) but on approach. I was waiting like a lot of people for todays portfolio changes. There were a lot of deletions and not many additions and a build up of cash which I am not used to hearing as advice from you. Other than AYY and PMH ,a lot of deletions were not due to being upset at the stock.....If I sold what you sold, and do not believe in keeping cash,how long will it be until you uncover new gems for us to use the cash or should I just hold off selling some of your deletions/reductions until we know?
Thanks for all you do
Dennis

Q: I'm concerned with the exuberant rebound in the markets since the sell off in Jan./Feb. despite earnings estimates falling (e.g. S&P earnings estimates falling but S&P rising). Might it be prudent to insure against a sell off with e.g. SH, RWM, and PSQ? I wonder what the "smart" money is doing right now? I appreciate your opinion. Thanks.

Q: If a young person 26 years old wanted to start a DRIP which stock would you recommend for this?

Thanks
Dolores

Q: In 2013-2014 you could feel the animal spirits. Many stocks where hitting new highs and smallcaps were going up. Then we got the oil crash and the party was over. But then, it got nasty: the short attacks. Some were based on little facts, but many gave us reason to second guess putting more than two paychecks on companies like AYA, AVO, WIN, PHM, VRX, IT, CRX, etc. For example, a post about Intertain and its CEO stepping down: http://calvinayre.com/2016/02/22/business/intertain-ceo-quitting-following-committee-report/. In 2014, reading your answers, I was under the impression that Intertain was a simple business, cheap and safe other than its debt. However, now I see a company that was milking shareholders with its compensation plan. Suddenly, I see a reason for the cheap valuation of this previously big performer: the management is questionable. Question 1: Are you surprised by the number of companies with 'question marks' and those where the management negatively surprised us, relative to previous years in your career? Is the lack of growth tempting management teams to do illegal/riskier/unfriendly moves? Question 2: Are you surprised by how much stocks pullback these days, such as the 40% pullback of IT and ESL?