Investment Q&A

Q: Hi 5i
I am holding Husky reset preferred shares,with a 50% loss. Husky is are allowing holders to convert series one shares into series two shares until March 1/2016. Your thoughts on this conversion would be appreciated.
Thanks M

Q: I currently hold a very small position on $EDT Spectral Medical. As it nears completion of Phase 3, would this be a good time to add to it knowing that there is no guarantee of an approval.

Thanks Valter

Q: I am down app 50% on both painted pony and bonavista energy with the recent bump from its lows would you sell now and take the losses or wait for sunnier days?

Thks for your help

Marcel

Q: Could you please comment on Descarte's earnings release? Thank you, Peter

Q: Where do you (we) find out what STOCKS the Canada Pension Plan invest in or hold, and what STOCKS are they? I hope, it helps all the people collecting the CPP payments.

Q: Hi folks,opinion pls of Q results and guidance going forward.Is stock worth a buy under $2 or just one to avoid,thanks as always,jb

Q: Hi Peter and Ryan,
Your last update was Oct 28th. Given their (over-subscribed) U.S. financing last night, and their recent solid share performance, do you still see this one as a hold, or would you buy into it? The cross-selling synergies from their 2014 acquisition seems to be what has made the difference for future growth, from what I read.

Thanks for your thoughts on this one.

Q: Peter, true to my past form, after CXI finally seemed to begin a turnaround in its stock price after months of declines, I bought, only to see it fall about 15% within the past few days. How do you see things for CXI going forward? Any explanation for the recent rise and fall? I'm prepared to hold this for the longer term if it's still promising, or do you think it might be better to cut and run on this one?

Q: Hello, I don't understand why oil continues to go up when there hasn't been any good news and there is more oil in storage than ever before? Stocks like BTE and WLL are up between 12 and 18 percent today. Is this an example of the market not making any sense? Or is there a good reason for the rally?

Q: Any thoughts as to how a potential deal for SIRI (US) might affect the Canadian deal?

Q: Hi Folks
I have owned TCN for some time and the share price is still above my purchase price but the value keeps steadily eroding. RBC reports on it regularly including the Case-Schiller price index in each of the areas where it holds rental homes. These show appreciation of 13.4%, 4.3% and 5.7% in 2013, 2014 and 2015. Most recent results show a small decrease of -0.1%, month-over-month. They also hold homes in areas that are not covered by Case-Schiller including Houston which is affected by the decline in oil prices. About 12% of the rental homes are in Houston according to RBC I remember some reference to this on BNN but I haven't been able to find it. Do you think this may be behind the decline in the stock price and do you have any thoughts on the significance of this factor? Thanks.

Ross

Q: Hi 5i: This is really two questions, so please charge accordingly.
(1) I want to add a renewable energy company to my portfolio, and have been looking at BEP.UN, INE and Boralex. BEP is much larger than the others and more geographically diversified, but RBC Direct gives its P/E as 126.9. This may be because of low earnings, of course, the other two seem to have negative earnings currently. I'm interested in total returns and stability. Of these three, which would you recommend? Or do you have a better suggestion?
(2) I also want to add another (more traditional) power company and would appreciate your opinion on the pros and cons of ALA versus Emera.

Many thanks.

Q: Good time to sell at market prices in the $35 range given all the shares tendered won't necessarily be purchased at $36? Take money off the table as in the short run, this name may not do very much. Might be an opportunity to buy back lower into the name down the road. Or the price may be supported by the earnings growth of the additional leverage the company is taking buying back its under valued shares. Wondering your thoughts.

Q: I am thinking of switching my holdings in Canadian Tire and buying Loblaws with the proceeds. Just seems to me that the retail space is inherently more risky than food and drugs and I think the Shoppers Drug/Loblaws tie in has a lot of synergy potential. CTC has been a strong performer for years so it comes done to valuations and growth potential. How do the two compare on valuation metrics and would you favour one over the other, assuming long term holds for each and total growth (dividends and gains) the ultimate goal.

Appreciate for the insight.

Paul F.

Q: I believe you mentioned before that you think the market has punished Enghouse too much.

Question: what valuation would you think appropriate for Enghouse considering its net cash position of $3.67 per share (if my shares outstanding total are correct), growing earnings per share profile and growing divided?

I understand the company has a lot of positives going for it, but I have a hard time getting around ESL's valuation. 31x 2016 earnings, even when you deduct the cash from the share price, seems like a lot to me.

I'm really interested in hearing why you think the market bringing down ESL to 31x 2016 earnings is punishing it too much.

Thanks again for your great insights and fantastic service.

John

Q: I am down 76% with this position, should I get out and Buy Potash which I already own or be patient since I still have at least 5 years before needing to sell this position. It is in my RRSP

Q: Hi folks, thanks for everything.

Please treat this as two questions because...it is :)

Feelings on earnings re Morneau and Costco.

Thanks.

Q: What's your take on their Fourth Quarter and Year End Results that were released this evening ??

Q: Hi team,
I want one or two stocks from the list below which you believe I would look back 5 years from now and badly regret why I did not buy them today.
Group 1: KXS, ESL, DHX, DIRTT
Group 2: TD, RBC, HCG
Group 3: SJ, SIS, MDA
Group 4: ENB, PKI, BCE
Group 5: RRX, TOU, VET
To get to the winner, I want to ask you to kindly identify one stock in each group first and then rank those five from 1 (most regretful) to 5 (least regretful). I know you don’t have any info about my portfolio, risk tolerance, and investment objectives, the final stocks vary widely from each other, and this is perhaps the most unusual request…but I appreciate it if you play this game…I also want to see if the winner of my list is the same as what you have in mind…and if not then tell us what you would have bought from the list of Canadian stocks so you would not regret 5 years from now. Hopefully you will find this exercise fun. Thanks for your patience and expert advice (even if your response is for me to give up these kinds of questions.)

Q: CIBC came out a few days ago and they downgraded CAS to $8.I see that Cascades also owns 20% of Boralex which is going higher everyday which makes the stock very cheap. Do you think the CIBC report is justified with a $8 target. The market always hits the stock when such reports come out. What would you think of CAS and should one hold or sell considering the negative backdrop.