Investment Q&A

Q: Hello Team
TD Waterhouse states that the dividend Payout ratio of WIN is 201%. Does that mean that they are paying out 201% more than the cash they are taking in? Other than that all their fundamental numbers seem to have (+) signs. What does the 5I team make of their numbers.

Thank You
Clarence

Q: Hi Mr. Hodson. Thanks for the question opportunity.
My question is re: today's Globe&Mail article titled 'Why banks should be feeling very, very afraid'. He recommends shorting the banks because they would be dinosaured by Apple pay, Google pay, paypal etc. technology, Just like entertainment, publishing, travel-agency industries.
I am worried. I have 20% of portfolio in Canadian banks for dividends for pension.
Should I trim the banks? Thank you so much. sarah

Q: WIN has been extremely weak the past few days. There appears to be no news on the company to account for it. What is your take on the company. Is it a hold or sell?

Q: When weighting stocks in a sector, are companies like KEY, IPL, GEI,and PSI grouped with pure energy plays like CNQ, CPG,WCP etc., or are they regarded as infrastructure / utility stocks?
Thanks, Joe

Q: Thank you for the details regarding SGY's year end however, I can't seem to square with their claim of achieving a Book value of $7.36/share!? My calculations don't agree with their Balance Sheet. Maybe it's because I'm from south of the border. Help & thanks again.

Q: Can you suggest a good health sciences ETF.
Thanks

Q: Hi 5i team,

In the medium to long term, I believe you would agree that US economy is heading for a much better growth compare to Canada (unfortunately). In which case, wouldn't you advise increasing US exposure for Canadians to 50%, if not much higher? The current exposure recommended by 5i is around 20% as I understand. Can you please shine some light on this, are there implied risks that we are not aware of?

Thanks as always,
Jerry

Q: Good looking results this morning. Would this be a good pick in the small cap gold sector

Q: Hi...just curious how you select companies to cover in your reports? Do you have a schedule for up dating comapny reports?
Thanks!

David

Q: Thank u to Arneh for the clarification on Hxs vs Zsp
I did not mention that it was a non reg account so this was very helpful
Much appreciated

Q: What is going on with this company? It was last traded at .47 in Canada but at .24 in the USA. I have small position. Should I get rid of it?

Thanks

Q: OTC dropped by more than $2 or 3% on high volumes today. I could not find any news releases to indicate why the market pushed the price down on OTC. Any guesses as to the steep decline today? Is this a good buying opportunity?

Q: Hi, I wonder if you would clarify the mechanics Gildan stock split for me - specifically the date of implementation? On the Gildan website it is described as a stock dividend with a record date of March 20th, but the stock is still trading at its pre-split price. When is the last day to purchase the stock pre-split?

Thanks

Geoff

Q: Hello,

Considering that WIN is at 52 weeks lows and the 7% yield, do you think it's "safe" to use it as bond replacements?

Thanks
M

Q: I owe CSU and am comfortable with companies like this. Enghouse Systems seems to fit that bill. Do you see any risks to adding ESL as a full position while still owning CSU? Do they do business in the same areas?

Q: Why the continuos drop in Cipher?

Q: In response to your answer to Indra regarding ZSP vs HXS, I just have a follow-up comment:

HXS uses a total return swap to replicate the S&P 500. This should allow for more accurate tracking and better tax efficiency. HXS does not receive any dividend distributions so unitholders will not be subject to tax on foreign income or any withholding tax.

Any distributions by the stocks in the index are included as part of the total return swap, so a unitholder would not miss out on the dividends. This increases the tax efficiency of HXS since the only taxes paid would be capital gains tax.

This increase in tax efficiency should also outweigh the negligible increase in MER compared to ZSP.

See http://www.horizonsetfs.com/Pdf/FactSheets/FundFactSheets/HXS%20Fact%20Sheet.pdf for details.

Q: Hi, I wonder if you would clarify the mechanics Gildan stock split for me - specifically the date of implementation? On the Gildan website it is described as a stock dividend with a record date of March 20th, but the stock is still trading at its pre-split price. When is the last day to purchase the stock pre-split?

Thanks

Geoff

Q: Are you surprised at the listlessness of High Liner Foods, today, given the Kraft/Heinz deal? Looks like Kraft went from 19x this year's earnings to 26x this years earnings with its move today.

Do you have any insight whats to account for the large estimated eps increase from 2015 to 2016 for High Liner ($1.55 to $1.97)

Thanks.

Q: I have a 3.5% position in Cannacord and down 38%. Volume is low but the price seems to have caught a bottom. I am very tempted to average down my cost. Do you think I would still be trying to catch a falling knife? Do insiders own a lot of the company? Thanks.