Investment Q&A

Q: For the person asking for producers of rail tanks, i can propose a producer of security valves and manway for the rail tank OEM's.
It is Kelso. Because I own the stock, it is your choice to publish or not.

Q: Hi Peter, MND (Mandalay Bay Resources) had a news release this morning. I would appreciate your comments on it. Thank you

Q: Surprised no one has asked for your reaction to Wilan earnings so I will---Bryon in Elmira.

Q: Trilogy plus Three Dollars . Earnings ? Buy sell or hold. Thanks

Q: Great Panther is an operating mine trading near a dollar. An investment or a speculation ?

Q: Hi Peter, I've been watching MDA. It has been on a good run. How much growth do you think is left this/next year? Thanks Dave

Q: DDS Wireless (TSX: DD) just reported Q4 which looked outstanding. The stock looks really undervalued. What is your initial opinion on the results and stock value?

Q: What is your opinion on eng ratings will you change your rating dave

Q: Any comments on buying QQC for exposure to the Nasdaq? My broker offers this ETF commission free, but I am concerned about how thinly traded it is. Thanks.

Q: any other comments to add to the February 13 post about LEG....it is almost down 20%...better entry point now or is there something wrong with the company we don't know about????

Q: What are your thoughts on BNP, currently near a multi-year low, just reported, and results meet forecast, pays a good dividend

Q: Hi Peter:
How would a Chinese housing bubble that actually came to burst (re: 60 Minutes last Sunday) affect the Canadian, U.S., and World, markets?

Thanks,

Don

Q: Hi Peter, what happened to BEP.UN today? Thanks, karl

Q: Hi Peter, would you recommend Barrick Gold (ABX)? The price is at its lowest in 4 years, and the dividend is not bad at all. Thanks, Gervais

Q: ESL just reported first quarter results. This line was included:

Operating expenses increased to $23.0 from $14.9 million in the prior year's first quarter and include incremental operating costs related to acquisitions as well as special charges related to restructuring of acquired operations. Non-cash amortization charges in the quarter were $3.6 million and include amortization charges for acquired software and customer relationships from acquired operations.

Buffett refers to these in his recent letter saying some are not real and it makes sense for the investor to adjust for them. Do you agree? Is this what the company is doing when they show adjusted EBITDA?

Q: Not a question but a comment. As a new/beginning investor (meaning new to investing myself because I got disappointed, far too late, with mutual funds & ETFs my "advisor" was putting me into), I'm paying attention to the message I'm hearing from 5i -- don't invest in "the stock market", invest in well-managed companies.
In the past few days, three of my new investments have reported results, not great but not really bad either. All three had immediate substantial drops in share prices, certainly much greater than what I would have expected given the results.
Which leads me to conclude that there are still too many people out their investing in "the stock market" and not in good companies! And skewing the market for "real" investors in the process.
The shares of all three (Capital Power, Parkland Fuel, Wajax) are, after the initial drop, slowly (sometimes very slowly <g>) coming back up . . . and in the meantime, are still paying the dividends that were a large part of my investing in them in the first place.

Q: I'm interested in Newmont (NEM) mining. Management has promised that their dividend is linked to the gold price. That sounds attrative if the biase is positive over the medium term. I feel like this is a good stock to have exposure to the gold sector, while be given a dividend to wait until the next upleg on the gold price. How does Newmont stack up with the other gold companies in your opinion?

Q: the comment below is from one of our analysts. Can you comment?
" Admitting you have a problem and cutting the dividend is a good first step. However, as we said in our email, the new payout ratio is still relatively high at about 70% and that doesn’t include any growth capex that they will spend. The big problem we see is that its debt to EBITDA ratio is up around 8 times. This is way too high and we wonder where the cash is going to come from to make debt repayments. Our guess is that they grind it out for a while, but it is ugly and it is going to take time to fix their balance sheet unless earnings get a lot better (not the company’s forecast)."

Q: I read with interest your recent report on EQI and was reminded of FN which i hold and wondered if you could comment on the relative merits of these two mortgage-related stocks. I have noticed that FN seems to be a bit volatile and I wonder if you had a comment on that. Thanks, Bob.

Q: CPX announced a new rate-reset preferred today. My question is, for the fixed income side of a portfolio, do you a) consider prefs an equal alternative to bonds and b) in this case in particular, would you be better off going for the common that has a 5.8% yield today rather than rate re-set that currently has a 4.5% yield? Utilities are likely in the 7th inning right now- is either a solid long-term investment in a non-registered account? Thanks in advance.