Investment Q&A

• West Fraser Timber Co. Ltd. (WFT)
  • P/E (TTM): 15.3X Cap: $5.62B
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• Interfor Corporation (IFP $12.59)
  • $12.59 Cap: $639M
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• Western Forest Products Inc. (WEF $13.11)
  • $13.11 Cap: $139M
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Q: This is kind of a followup on your reply Sept 28. I think that these are cyclical stocks which are best bought when the sector is out of favor and depressed. Are they still buys this late in the cycle? Is the selloff of 1/3 just a retracement before another leg up, or is it over and time to clear out? To you what indicates when this lumber cycle is over?

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Read Answer Asked by Mark on October 09, 2018

• Diversified Royalty Corp. (DIV $3.29)
  • $3.29 P/E (TTM): 20.44X Cap: $553M
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Q: Your thoughts on Div?

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Read Answer Asked by Thomas on October 09, 2018

• Innergex Renewable Energy Inc. (INE $13.74)
  • $13.74 P/E (TTM): 72.32X Cap: $2.79B
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Q: Hello, I bought ine for the dividend, stability,and a little growth. Now I’m down 16%, not terrible but also not that good.
Could you give me views on ine ,is it worth keeping now that it’s down? Or move on, I also have Bep.un and Aqn that I could add to.
Thanks

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Read Answer Asked by Brad on October 09, 2018

• Franco-Nevada Corporation (FNV $229.47)
  • $229.47 P/E (TTM): 50.87X Cap: $42.95B
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• First Majestic Silver Corp. (FR)
  • Cap: $2.81B
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• Agnico Eagle Mines Limited (AEM $180.34)
  • $180.34 P/E (TTM): 26.83X Cap: $86.83B
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• Pan American Silver Corp. (PAAS $38.55)
  • $38.55 P/E (TTM): 31.28X Cap: $13.58B
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• Kirkland Lake Gold Ltd. (KL $49.71)
  • $49.71 P/E (TTM): 15.41X Cap: $13.10B
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Q: Hi, what would be your top pick in the gold and silver companies? thanks.

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Read Answer Asked by Dario on October 09, 2018

• Precision Drilling Corporation (PD $74.63)
  • $74.63 P/E (TTM): 10.67X Cap: $1.02B
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• TDG Gold Corp. (TDG $0.73)
  • $0.73 Cap: $104M
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Q: I think the management did a good job. The offer made by Precision is somewhat 25% higher than Ensign, but what kind of deal is it for Precision's shareholders? Your comments will be appreciate.
Thanks

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Read Answer Asked by Daniel on October 09, 2018

• Ebix Inc. (EBIX)
  • P/E (TTM): 7.25X Cap: $35M
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Q: Anything serious going on with Ebix? A huge drop today, apparently on change of auditor.

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Read Answer Asked by Andrew on October 09, 2018

• Dream Global Real Estate Investment Trust (DRG.UN $16.79)
  • $16.79 P/E (TTM): 4.7X Cap: $3.26B
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Q: Since Sept 20, DRG.UN is down about 12% while the DJ Europe Select REIT Index is only down about 4%. What is driving this price movement?

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Read Answer Asked by Steve on October 09, 2018

• Shopify Inc. Class A Subordinate Voting Shares (SHOP $169.96)
  • $169.96 P/E (TTM): 97.92X Cap: $212.29B
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Q: Hello team,
What are your thoughts today on SHOP? Good entry point?
Thank you

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Read Answer Asked by Silvia on October 05, 2018

• TDG Gold Corp. (TDG $0.73)
  • $0.73 Cap: $104M
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Q: Peter and His Wonder Team
TDG is up 6% on heavy volume. Can you see any news? I know they rejected a recent offer and are looking at all options.
Thanks!

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Read Answer Asked by Ernest on October 05, 2018

• Industrial Select Sector SPDR (XLI $151.04)
  • $151.04 P/E (TTM): 63.45X Cap: $23.13B
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Q: This is a question about sector etfs in general and xli specifically. Are the spdr etfs a good way of achieving proper asset mix .Is there a canadian equivalent which is as good? Is Xli specifically a good way of increasing the industrial portion of the portfolio?

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Read Answer Asked by Tom on October 05, 2018

• Invesque Inc. (IVQ.U $0.11)
  • $0.11 Cap: $95M
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Q: There has been a few upgrades on this stock lately. With a huge dividend, it appears to be gaining some momentum and might be a place to build a small position. Could I have your thoughts please? Also, what is the difference between this and the Greys (MHIVF)? I thought I was buying some IVQ.U on the TSX with US Dollars but ended up with MHIVF.

Thanks Always

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Read Answer Asked by Stephen on October 05, 2018

Q: Hi, this is first my question and it is about Japan. Is this a good time to add Japanese exposure through ETFs? Wisdom Tree has added ETFs JAPN and JAPN.B what is your opinion of them and is there any liquidity issues. I am thinking of using unhedged version as the YEN could appreciate??

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Read Answer Asked by Rick on October 05, 2018

• Covalon Technologies Ltd. (COV $2.45)
  • $2.45 P/E (TTM): 17.5X Cap: $67M
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• Photon Control Inc. (PHO $3.60)
  • $3.60 P/E (TTM): 30.31X Cap: $376M
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• Royal Nickel Corporation (RNX)
  • P/E (TTM): 1106.0X
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• Reliq Health Technologies Inc. (RHT)
  • Cap: $47M
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Q: Good day team,
I currently have enough dough in my tfsa to add one high risk/high reward position. Could you list a few companies that meet this criteria? Is there a small cap company in Canada currently that you find extremely compelling?
Cheers

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Read Answer Asked by Seamus on October 05, 2018

• Park Lawn Corporation (PLC $26.48)
  • $26.48 Cap: $904M
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Q: The PE for PLC in your report is 24.4. On the TMX website the PE ratio is 109. Can you please explain this discrepancy ?

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Read Answer Asked by Joseph on October 05, 2018

• Great Plains Metals Corp. (GPS $0.04)
  • $0.04 Cap: $1M
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Q: Hi Peter, your thoughts on this co. ?? Time to move on . Thanks. Alnoor

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Read Answer Asked by Alnoor on October 05, 2018

• NIC Inc. (EGOV $34.00)
  • $34.00 P/E (TTM): 26.24X Cap: $2.28B
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Q: Would you have any interest in this U.S. company at this time? I like the customer and it looks cheap. THANKS

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Read Answer Asked by John on October 05, 2018

• Alcanna Inc. (CLIQ $9.05)
  • $9.05 P/E (TTM): 3.54X Cap: $327M
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Q: As a "speculative" addition to my portfolio, your opinion please of Alcanna. It would be a small position - Thanks

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Read Answer Asked by Ron on October 05, 2018

• S&P 500 (SPX)
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Q: How far are we to a tipping point in equities with the us T-Bills moving up.

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Read Answer Asked by George on October 05, 2018

• Boyd Group Income Fund (BYD.UN)
  • P/E (TTM): 47.0X
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Q: Hi, I recently sold MFI. Thinking about BYD.UN as a replacement in the sector unless you recommend anything else in US or Canada. Currently have PBH, ATD.B, and COST.
Thank you

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Read Answer Asked by Brent on October 05, 2018

• Miscellaneous (MISC)
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Q: I seem to not be able to find your News Update (update referred to in a question from Tom on 3 Oct). I am often puzzled about where to find them. Plse direct me.

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Read Answer Asked by Bob on October 05, 2018