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Investment Q&A

Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.

Q: in an earlier question i asked about tax loss selling for rrx and you mentionned pxt and vet. I should have mentionned that I already own whitecap. in doing a little further research I noticed in another question you answered that you said whitecap could be a reasonable replacement for RRX. Wondering if this is still true and whether it makes a big difference which one is chosen
thanks for your great help
Joe
Read Answer Asked by joseph on October 30, 2017
Q: Hi 5i
Thanks for the service

I purchased TV recently seeing the momentum but clearly that has stopped.
With a purchase price higher than latest close and technical view of chart shows price breaking down, does one get out and wait for some pain to pass?

Chart movement indicates it could easily get back to $1.10; offering me a significant loss on initial purchase.

Would you please add some thoughts on the negative price action for this name?

Dave

Read Answer Asked by David on October 30, 2017
Q: Since 5i is not averse to the preferred shares of split corps, here are some notes that have been gleaned from the Quadravest website, listing the ticker symbols of several (not all) of their preferred shares and the approximate dividends:

LFE.PR.B - 6% dividend with no suspensions ever since 2006
DFN.PR.A - 5% dividend with no suspensions ever since 2004
XTD.PR.A - 5% dividend with no suspensions ever since 2009
BK.PR.A - 5% dividend with no suspensions ever since 2006

FTU.PR.B and XMF.PR each suspended dividends for nearly a year during 2009-2010.

I believe DFN.PR.A has the longest history of paying dividends and also the most diverse holdings. Its chart since inception is mostly breathtakingly level, though it lost nearly 30% in 2009-2010.
Read Answer Asked by Jerry on October 30, 2017
Q: I am an avid reader on the Q&A daily and find I get most of my thoughts clarified by using the history of the questions. A great service. But I am trying to sort out which investments are best held in an RRSP for my personal situation. I am 67 ,retired with no pension and live on the income from my investments which is sufficient to maintain my lifestyle. I do not believe in owning interest bearing investments because of the low yield/risk relationship and tax treatment. I prefer to buy preferreds from blue chip companies like the banks as my "fixed income" because of the obvious tax treatment. I also like covered call ETFs like ZWB, ZWC etc. for the income and downside risk mitigation. I do not invest in US stocks preferring to diversify into the USA using Canadian companies that benefit from their big US presence(TD etc.). It seems to me that given this situation, holding anything in an RRSP has a tax disadvantage. Any tax on dividends earned in the RRSP is delayed until I take the money out but then I will be taxed at the full rate instead of enjoying the "discounted" tax rate on dividends. ROC is even worse because in a non-registered account I effectively pay capital gains when sold but the ROC would be fully taxable when I take it out.
If my reasoning is correct, it really does not matter much what is kept in a registered vs. a non registered fund. Can you tell me if I am looking at this correctly?

Thanks
Don
Read Answer Asked by Don on October 30, 2017
Q: Can you please provide your opinion on a long term hold of Hamilton Thorne ($HTL.v) from this level? Currently the company includes the original IVF equipment business, toxicity testing business, and a European full service distribution business.

The company has telegraphed its intention to continue growth by the following:

1. Making meaningful acquisitions with active discussions underway;

2. Organic growth by expanding into new geographies and expanding the breadth of product and service offerings from both internal R&D and adding new 3rd party suppliers on the global platform; and

3. Cross selling between all of the integrated businesses.

It is also at the ~$100M market cap (fully diluted) where both new institutional and retail investors alike will start to take notice.

TIA,
Meredith
Read Answer Asked by Meredith on October 30, 2017
Q: Hello" Back in April, Saad asked you if he should hold DPM after not seeing any appreciation after a long time. I hold it in my RRIF and it has done nothing for several years and pays no dividend. Do you feel the same as you did when you responded to Saad or would you take a pass and move on.
Thanks for all the advise you have given over the past years. My portfolios have done well due to it. They are self administered.
Ken
Read Answer Asked by Ken on October 30, 2017
Q: Hi Peter, I am looking for a growth replacement for CLS and it can come from any of your portfolios. Please suggest your top 3 or 4. I already own PHO, PUR, TV and ZCL in a 29 stock portfolio. Time frame 1-3 year hold.

Many thanks for your candid advice. It has served me well for over 4 years now and I have renewed my membership for 2 more years.
Martin
Read Answer Asked by Martin on October 30, 2017
Q: I am taking over my portfolio from my full service broker after many years.
In my RRSP I have $ 15,000 Of Life Banc and Split Corp and $ 15,000 of the Preferreds

Could you explain what split shares are. and if they are a good investment.

The current yield is over 11 % How do they sustain a yield of 11 %

I need to do a lot of rebalancing of the portfolio to make it alot more diversified Should I keep these two issues

Thanks for your great wisdom

Paul
Read Answer Asked by Paul on October 30, 2017
Q: Hello, iam a retired investor with $190,000 in a tangerine fund.
50,000 in rrsp balanced fund
70,000 in non reg. balanced fund
70,000 in tfsa equity growth fund
I will be transferring the above to a CIBC global monthly income balanced fund,as I will be getting a employee discount on the MER.
My tfsa will be in a equity growth fund at CIBC.
My question is that Tanerine only pays a dividend once a year around Dec. 20th.
Should I wait for the dividend,or because the fund drops in price after the dividend it would not make any difference?
I think I would be better off getting the dividend and then transferring in the new year, any thoughts on this
Thanks Brad.A
Read Answer Asked by Brad on October 30, 2017
Q: Peter and His Wonder Team
Thank you for your past analysis of these two separate companies. I now have another dilemma. FLEX has just had a great quarter and the stock has hit a new 52 week high of $18.01. TD has a TP of $21.00...so all looks good. On the other hand CLS just had a miss and weaker guidance...being punished today...at $13 plus. You have said the story is still intact and they should improve. So... on the one hand I have FLEX which I think I could call a value play vs CLS which I will call at this point a more contrarian play. So in light of there fundamentals going forward which company has great appreciation? In other words is it too late to buy FLEX...better value with CLS in the long run?
Thanks for your opinion...
Dr.Ernest Rivait
Read Answer Asked by Ernest on October 30, 2017
Q: Thinking of selling my CDZ and VUS and replacing them with Mawer 106,108 and 150.Or selling CDZ and keeping VUS and buying Mawer 106 and 150.Or do have another US ETF or fund that you like.Thanks Paul
Read Answer Asked by Paul on October 30, 2017
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