Investment Q&A

Q: 1) What happened to your Growth Portfolio - last one was March/16?
2) Have not received any reply to my corrected question of 6/6/16? Thank you.

Q: It's being reported that Apollo Global Mgmt has submitted a bid for CXR. Will the company release details of the bid, and if so, how soon?

Q: you seem to get a question on couche tard everytime it declines, and i know it is one of your favorites.
so is the recent decline due to sector rotation, cdn dollar strength, margins on gas etc or what.
i would think with the recent purchse of esso stations in mtl, possible bidding on valero and loblaws stations the stock would be rising, also most targets are in the 70 dollar range. dave

Q: EQB has been doing well recently although I've held it for awhile and it just went above my purchase price. It is 19% of my TFSA but tiny in my overall portfolio. Should I continue to hold or sell?

Q: Considering its large debt load, is Halloway Lodging Corporation (HLC) buyeable as a value play for a 1-3 year holding period? Thank you.

I do not hold any real estate or hotel stocks.

Q: I manage the investment accounts for a family member who currently has a very small pension, CPP and OAS with the OAS Supplement. Her Supplement is reduced by 50 cents for every dollar of investment income she makes so she is effectively in a 50% tax bracket. Her capital comes from the recent sale of her house and the money must be available for an assisted living facility in a few years. My problem has been finding stocks to preserve capital and minimize the 50% tax bite which impacts what she has to live on currently. I have used AV.UN which has no impact on her income now and TMC which does but provides a high income. I think capital gains would be better than dividends which are grossed up. Any suggestions for appropriate investments for a 6 figure account?

Q: Could you comment on Ivanhoe Cambridge reducing stake in Cuf.un ?

Q: Would you please comment on the Gear-Striker Arrangement announced at the close today, specifically from the viewpoint of a Striker shareholder. Thanks.

Q: Looking to sell NA and buy either TD or RY, is this a good move?
Thanks for your help

Q: Does the announcement that Polycom has received a higher offer than Mitel's affect this deal in way? I thought the board had accepted the Mitel offer so does this news just re-inforce that it is a good deal for Mitel or does the uncertainty hurt the deal?

Appreciate your insights.

Paul F.

Q: What would be your position on buying PHM at this 52 week low for a longer term hold. Thanx Robbie

Q: Thanks for your quick response to my question regarding Cal-Maine foods. However I am not certain where you got your consensus estimates for earnings as my research shows a consensus/ mean estimate of earnings for the coming year as $1.80 a share based on 5 firms that cover the company. The estmates range from $1.05 a share to $2.83 a share. So that increases the PE quite considerably. I think that your earnings were for the past year not the coming year. While I am not trying to have you predict a share price for the company, which I agree you cannot do, cyclical companies will often trade at very low PE multiples at the peak and very high PE's at the
trough. I am not really sure how high a multiple is 'reasonable' based on previous experience. Your comments would be appreciated and if you concur with my numbers your thoughts on whether the current projected earnings support the current share price and if the next year's earnings projections are a short term event or more long term based on industry events and trends. Thanks!

Q: I am a retired, conservative dividend-income investor with a pension, CPP, annuities, and hold the following: AD, AQN, ALA, BNS, BCE, CGX, CJ, ECI, FTS, PBH, RY, TRP, WCP, WEF, WSP, Sentry Cdn Inc, RBC Cdn Eq Inc, Sentry REIT, ZLB, XIT and Fisgard Capital.

I am looking to top up my consumer stocks, already having full positions in CGX, ECI and PBH.

I am also looking to top up my industrial stocks, already having a full position in WSP and those contained within Sentry Cdn Income.

Suggestions for new holdings with a dividend > 3% please.

Thanks for your help...Steve

Q: what are your thoughts about OROCOBRE for a lithium play?

Best
Linda

Q: Hi, 5I
What type of value does dhx represents at $6.51.
I have no clue how to judge this company and the stock went all the way down to $6 sometimes ago.
Is book value, peer valuation, PE/G or any other valuation that will direct a sense for this stock?
thanks for helping.
Claude

Q: I know this is way out of your field of expertise, Singapore no less, but I'm trying to diversify internationally and it's very hard to find info on Jardine Matheson (JMHLY for the ADR). Do you have any info about the company on your Bloomberg terminal? Thanks for whatever assistance you can provide.
Robert

Q: I have been planning to by Onex for a while and finally have some cash to do so, however, I noticed that it recently went up from 75$ to 81$. Is it too late to buy? I would start with about 1/3 of a position.

Q: I hold these 3 plus XLV in the health care portion of my portfolio. Not adverse to risk but I am wondering whether CXR is worth the grief. Is there a case for focussing on the others, or does the risk/reward of CXR make it worthwhile holding?

Q: Are you aware of cases where guest portfolio managers on BNN got caught recommending stocks that the firm/themselves are shorting? It's hard to believe it's not happenning. My best example is Bruce Campbell of StoneCastle. His past picks are absolutely horrible (-43%, 93%, -57%, -88%, -90%, -70%, -51%). Are regulators actively looking out for manipulation through recommendations on BNN? I really hope so. I use this site to review past picks. Other members might enjoy reviewing past picks: http://www.stockchase.com/expert

Q: Peter and team:

If/when Ms. Yellen decides to increase US Rates what do you feel the impact will be on higher dividend payers such as utilities and riets.

What would be the recommended vehicle for parking funds for the next two years to safely preserve capital while earning some modest return.

Deduct two as you see fit.

Thank you as always

Phil