Investment Q&A

Q: On Friday March 3, 2023 after the market closed it was announced that AX.UN would be dropped from the TSX Indexes at the opoen on Monday March 20. Beginning on March 1 there was a noteworthy increase in volume and the price has dropped from $9.09 to $7.86. Volume spiked on Friday March 17 to just over 7 million (about 7x average). Provided the selling pressure was due to the delisting what do you see for AX.UN going forward? It appears to be quite undervalued so much that a takeover would seem likely. Thoughts? How safe is the dividend? The payout ratio looks reasonable. Thanks

Q: With the banking crisis, there is a general feeling that lending will be reduced. Do
you feel that we could be at the start of a broader decline in markets now?

Q: this is a tax-related question on possible capital gains inclusion rates changes.
Currently the rate in Canada sits at 50% but I believe there could be some pressure to increase this rate for the upcoming budget as a means to generate more tax revenue. I know they have been as high as 75%.

Of course, no one can predict what changes a government will make on Budget Day but I wondered if they increased the inclusion rate on capital gains to say 75%, would they also have to increase the inclusion rate for capital losses to the same 75%?

I, like I'm sure many others, am sitting on quite a few unrealized capital losses (admittedly from my poor investment decisions!)

Can you let me know if I'm thinking about things in a 'smart' way? I want to delay any selling of my losing positions till after The Budget, just in case the Capital Loss inclusion rate goes up in the next budget?

Q: Just a follow up to my prior question. I was under the impression that Kxs is very expensive . Can you please give me an idea of whether you would consider if it was or not and what the numbers tell you.

Also, when you answer questions about stocks to buy you rarely mention TRI. This stock also has done amazingly well this 12 months +15%. How do you rate TRI as a buy at these prices and compared to other stocks you like?

Thanks



Sheldon

Q: Dear 5i team.

Is there an ETF that has LNR/MG etc in it? Is this a good time to start a position, or should we wait for the outlook to improve?

Thanks for your help.

Q: Which ETF product would be suitable for a one year holding period in an RESP?

Q: I currently hold BN in a TFSA account. In your last report you suggested to increase BAM to 3% weight. Would you suggest this for BN as well?

Q: I currently hold ZAG in a RRSP account and wonder if you feel ok with averaging down on this ETF. It is a 4% holding at the moment.

Thanks

Q: why are these financial markets not a whole lot lower then they are now. there has been nothing but bad news in the last 3 years but we are still like we are in a bull market. are we getting set up for a major downturn? thanks

Q: Since TNT.UN 's slice on its dividend and subsequent plunge- how would sot.un and btb.un stand now ? Makes one apprehensive especially the office reits.

Q: Share price at $7.29 per share. Interested in purchasing at this price? At what price do they stop paying the dividend based on the present value of the shares. Your opinion on purchasing at this time with the current banking crisis. cheers kenneth

Q: What are your thoughts on Simon Property Group? The dividend looks attractive but not sure about its growth prospects, especially with respect to shopping malls & eroding foot traffic with online options.

Q: Insiders have been purchasing large amounts of stock in the past week. They do have positive income and pay a dividend, but are carrying debt as well. Can I get your perception on this company? Would you consider this a buyable stock?

Q: What would be your top 3 bond ETF picks for both Canadian and US bonds? Is now a good time to put money into these?

Q: Hello 5i Team,

Could you please comment on NWPX's earnings and guidance, which caused the stock price to drop 15% today. Would you consider it a buy, hold, or sell, for the next 3+ years? Could you please suggest some better growth and safer alternatives in this space.

Thanks!

Q: Hi 5i Team,
Pls comment on Titan Machinery earning report, and this company going forward.
Buy, hold or sell?
Thanks.

Q: Hi - for the above companies, how would you expect them to perform in a recession? Do you expect them to have positive alpha? If not these, could you list a few companies that you would be inclined to buy heading into a recession? (ignoring factors like diversification, personal risk etc etc.).

Q: Own this stock and am down 6%. Think it still pays about 8%. Would you keep it or trade for a better option? Would you own it? If not what would you hold instead?


Thanks



Sheldon

Q: I am considering purchasing CDNS, although it is quite high right now. Also considering either SQ or Nuvei. Wondering what your thoughts might be on these stocks and if I should hold off on purchasing?
Thanks.

Q: AS A RETIRED AND CONSERVATIVE INCOME INVESTOR I AM CONSIDERING THE PURCHASE OF ZWB IN A TFSA AND WOULD APPRECIATE YOUR OPINION DETAILING THE PROS AND CONS OF SUCH AN INVESTMENT AT THIS TIME.
1.I NOTE IT IS DOWN ABOUT 20% THIS PAST YEAR WITH A PRESENT YIELD OF ABOUT 7/12 PERCENT, IS THIS YIELD NET OF TRADING AND MANAGEMENT FEES?
2.DOES THE ETF WRITE COVERED CALLS ON THE ENTIRE PORTFOLIO?
3.GIVEN THE RECENT DECLINE IN THE BANK SHARES AND THE MARKET IN GENERAL AND WITH A 5YEAR TIME HORIZON, WOULD YOU AGREE THERE IS MINIMAL DOWNSIDE RISK, OTHER THAN GENERAL MARKET RISK,AND
4.WHAT TYPE OF MARKET AND ECONOMIC CONDITIONS LEADS TO AN INCREASE OR DECREASE IN THE PERFORMANCE OF THE ETF.

THANKS BRIAN