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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: Hi 5i
I sold the above for a tax loss. 6 of the 8 are down since with FTS and ECN slightly up.
The 30 day period is almost up. How many of these would you consider buying back in the hopes that their share price will increase. I have a longer time horizon.
Thanks
Jeff
Read Answer Asked by JEFF on November 01, 2018
Q: I purchased ECN.PR.C at $25 because it paid 6.25% and, as a rate reset in a rising interest rate environment, with a guaranteed 6.25% minimum(!), it sounded great.
It has gone down from day one and has little interest. Should I pick up a few more shares at $21 with a juicier dividend or let it go and look elsewhere? If it doesn't go up with increased rates, when will it?
Thanks.
Read Answer Asked by Steven on November 01, 2018
Q: My question relates to the latest type of prefs , the minimum rate test preferred. As a broker who has been retired some time.i am knowable about the rise and fall of prefs as they relate to rising or falling interest rates. But I struggle with understanding the minimum rate reset prefs. For example ECN.PR.A pays a 6.50 % div based on issue price. Given the current 5 yr rate the reset would be above the minimum rate. No matter what you would get 6.5%.
I know that other factors influence the trading price eg quality and the market itself etc.
Is this type of investment , all other things being equal that you would buy for the short as well as long term. I’m a very senior senior.
Read Answer Asked by Roy on October 31, 2018
Q: Not sure this is for this Q & A but as i started looking at my capital gains and losses for tax loss selling, I am not sure how stock splits are handled. For example, can you walk through how 100 shares of EFN split with ECN how to calculate my adjust cost base. My trading platform shows the adjusted cost base but for the life of me i cannot figure out how they came up with the number.
Read Answer Asked by kelly on October 24, 2018
Q: In my TFSA my strategy was to anchor this portfolio with blue chip positions which had worked to achieve my initial goal of making a steady foothold in the market. I then decided to add a few growth positions to see if I could improve the return on the portfolio. The only one in positive territory is PHO up 10%, do you think as a strategy this has the potential to work or not,also do you feel that ECN & TGSI have the potential to thrive in the future I'm down 10% on ECN & 36% on TGSI. I do not intend to draw down from this TFSA so I can wait. I know the answer on RHT
Read Answer Asked by Thomas on October 17, 2018
Q: TD shows ECN’s projected earnings over next four quarters as 25 cents. Originally the preferred shares (ECN.PR.A) were rated Preferred -3 Low but perhaps deserve a higher rating if the common share estimated earnings are correct. Any view on the merit of adding to a small holding of this preferred (for income)?
Read Answer Asked by Robert on August 27, 2018
Q: My 20 year old son has been investing based on your balanced portfolio. He has little need for income currently as he has at least two more years in school. Those costs are covered by an RESP. His financials holdings consist of BNS and ECN. Do you see any value in selling ECN and replacing it with either SLF or GSY? Is there any possible catalyst that will start ECN on an upward trajectory?
Read Answer Asked by Paul on August 20, 2018
Q: A recent BNN interview appeared to suggest that ecn had or was becoming a facilitator of finance rather than engaging in direct exposure to the finance obligations, collecting fees for arranging the engagement, and the TD notes on this Co indicate that it is becoming an originator and asset manager, which to me seems to indicate a similar strategy. Would this not make ecn more economically sensitive to the sectors it participated in and less affected by the passage of interest rates and how would this affect your appraisal of ECN?
Read Answer Asked by Mike on July 12, 2018
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