Investment Q&A

Q: Today I read the following report on Stockhouse.....

"Retrocom Real Estate Investment Trust (the "REIT") (TSX:RMM.UN) announced today that it intends to reduce the REIT's annualized distribution from $0.45 per unit to $0.30 per unit. The new distribution would represent a Funds From Operations ("FFO") payout ratio of 70.8%, compared to 106.1% as reflected in the REIT's first quarter reporting, and would represent a yield of 8.3% based on the June 16, 2015 closing price of the REIT's units on the TSX. The REIT also announced that it will be changing its name to OneREIT in the coming months."
What are your thoughts on growth with this considerably reduced payout ratio ? And what is your opinion on the quality of their existing property portfolio regarding safety of the new reduced yield ? And your thoughts on the company in general relative to reits with similar yields ? So far I'm inclined to take a position in D.UN or CUF.UN based on questions I asked recently but the reduced payout ratio for RMM.UN interests me from a growth perspective.

Q: How do you think the market will react to RMM.un`s distribution cut announced today at the AGM.
http://www.bnn.ca/Shows/The-Close.aspx?spMailingID=11985283&spUserID=NDMyNDYzOTYzMDgS1&spJobID=523590000&spReportId=NTIzNTkwMDAwS0
thanks

Q: I hold four tech stocks at present (ET, DH, GIB.A, ESL) and would like to add a fifth. Would you favour adding MDA or OTC to this mix, or suggest another stock? Thank you, Barrie

Q: Stock hitting new highs. Have been watching it but have not bought. Too late to initiate a position? What is the insider ownership? Thanks.

Q: hi

In my non-registered a/c:
I'm down 23% on Russel Metals. I have a 2% position. Industrials make up 10% of my holdings.

I'm down 10% on Artis. I have a 2% position.
REITS make up 16% of my holdings.

I have this urge to average down whenever I lose 10% or more on a holding.

Should I resist the urge to add to my REITS and add to Industrials instead? The 8% yield on Artis is appealing.
Thoughts?
What Sector would you be overweight in these days if any?

Thanks

Q: bnn reports today that dsg is one of the most shorted stocks in Canada (8%, 38 days) is this a transportation sector bet or do you see something I do not...thanks for the service

Q: Any idea why prism medical is falling?

Q: Peter: I have cash in my usaccounts and wish to purchase a USA regional bank. Could you provide info on any good choices?
Thanks

Q: Your updated views on TPK please. I noticed Cormack recently initiated coverage of the Company. Based on their estimates, the Company trades at ~5x EV/EBITDA with ~14 fcf yield, 3.5% yield + 25% payout ratio.

I find this to be abnormally cheap for a company with decent growth prospects and a high margin business. Would you recommend purchasing shares? Have you met management?

Cormark thinks a reasonable multiple is 8x EV, which i tend to agree with. That yields a target of 13 dollars, which is considerably higher than the current share price. What do you think?

Q: Any thoughts on the earnings, the reaction and would you consider it a buy on this drop? Thank-you

Q: Hi Folks,

In all of the 5i Portfolios are there any stocks that offer DRIPs at a discount to market price that you now of?

Thanks

Q: Came across this micro-cap stock that has recently started to pay a dividend. What do you think of this stock?

Q: Good Morning,

I Hold CJR.B,CHE.UN,PZA, and BAM.A and each has weight of 5% in my portfolio. Which one of these are interest sensitive and should I continue to hold them or which one should I get rid?

Except for PZA I am all under water in each one of them. PZA has been going down since the bought deal. Usually a bought deal is there to buy another company and not for operational purposes since it dilutes the share earnings. What do you think this bought deal will be use for?

Tahnks
Paul

Q: Hello Peter & Co,
What is your take on Sun Life's all cash acquisition of Bentall Kennedy? I understand that they already have a 10-year working partnership (they must know each other)
Thanks,
Antoine

Q: Any new research on FirstService (FSV-T) commenting on Colliers Int'l spin off??

Q: Now that the details have been disclosed what is your thoughts on current valuations and entry points?

Thank you Jason N.

Q: A while back I had bought 100 shares of LPG : NYSE. I had asked a question about it at the time but your team could not comment on it as they did not know anything about it. Currently it is trading at $15.16 a share. I wondering if your team has since looked at it and if so what are your thoughts on it, thank-you for your time.

Q: Hello Peter & Co,
I like the Brookfield family of stocks
I own BPI and BEP from way back when
Do I buy BPY while I also hold FSV,CIG and TCN?
I'd like to buy BAM; should I? I hold TD,BNS,SLF,EFN and CXI (financials)
Thanks
Antoine

Q: I just noticed that Enghouse is to be included in the TSX Composite Index and the Dividend index. (I think those are the correct terms)

First, what exactly are these indexes? Does getting listed on these say anything about the company itself? What are the criteria for getting put there?

I know that this can result in an increase in buying/selling as various indexes and funds buy the stock to fulfil mandates. What I don't know is how valuable or important it is to the company and/or investors. Does it speak to financial strength, ability to get loans or raise capital or is it just the result of a mathematical calculation?

Thanks for the insight.

Paul F.

Q: I know you limit your analysis of US companies, but do you have any thoughts on Versartis?

Thanks.