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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: The company said in its last release that they will get their new product tested on live covid-19. Once this is done they will re-release the results for clarification. Assuming it works, should we see another good bump in the stock price. Is it highly likely a larger company will make a deal with them sooner than later because of its urgency or the company themselves could start mass producing it.

Thanks Steve
Read Answer Asked by Steve on April 03, 2020
Q: Apologies for repeating. Take credits freely. Two quick follow-ups to my Covalon querry. 1. I had assumed that the Saudi problems coincided with a Canadian government comment that the Saudis got offended and defensive about, not that it was a problem with COV, but with Saudis. If I remember correctly, the Saudis cancelled all contracts with Canada because of an innocent statement by a government minister. And 2, from what I have read Covid-19 is here to stay, and will return probably each year, and will need to be controlled with a vaccine, somewhat akin to flu (but more serious). We will still need Purell and anything else in the market to stay safe. I'm not trying to defend the company, but just trying to dig a bit deeper in why you don't trust the management anymore, aside from the Saudi issue. Also, the shares are in my TFSA so no tax loss benefit. The volume on the stock has always been very low, so perhaps I should let it go gradually? Again, any further insight would be much appreciated.
Read Answer Asked by Gordon on April 01, 2020
Q: For those of us who still have Covalon shares, should we hold on to see if their product does have some promise? Or should we sell into strength. At one point, back pre-Saudi problems, you seemed to be very positive on the company: I had assumed you had a feeling for management and financial strength. Now, reading between the lines, you seem to be implying it is somewhat akin to a VSE mining stock promotion. (Maybe that's not a fair statement.) When I look at the product Covalon originally had regarding anti-infection of wounds, it makes some sense that they could pivot to something that might kill a virus. I understand that it would include sufficient alcohol to do the job, so is comparable to Purell. But they claim to have made something that would last longer than a simple alcohol wipe. I hear you say it is interesting, but I'm not quite sure how to take the fact that they were asked to re-write a somewhat promotional news release. Should we sell and then return when the product is more developed, or just hold for now?
Read Answer Asked by Gordon on April 01, 2020
Q: My average price on COV is $4.97, so ... I'm down 78% as of this morning. I was thinking of dumping it, finally, and topping up my position in GUD with the proceeds -- unless you feel there is some evidence that this stock will come back to life. It never was a big holding -- but it seems to me the cash would be better used elsewhere. I'd like to stay in a healthcare growth position. GUD is presently 2.5% of portfolio.
Read Answer Asked by Sylvia on March 24, 2020
Q: Ignoring taxes, cash requirements and sector allocation, on a straight-up basis, for a minimum of a one year hold, which of the following would it be prudent to currently sell, buy, or hold? Thank you.


Read Answer Asked by Harold on January 24, 2020
Q: Any ideas why COV jumped up 18% today? I know it is low volume but I have been holding it for a while thinking that It was being unfairly judged by circumstance. I am still holding it because I have sold stocks in the past just before they jumped up, sometimes I have sold stock the day before they jumped up 25 to 30%. i.e. I sold CSU a few years back because it had gone up to $135.00 per share. I panicked thinking that a 30% profit should be taken. Lesson learned.
Read Answer Asked by Bryan on December 16, 2019
Q: Good Morning.
I like the momentum and your positive comments on XBC. In an effort to establish a position in XBC I can add new money to an unregistered account or sell DOL and COV in my TFSA or TSGI and CLIQ in my RRSP.
This may be a too specific question with regards to my portfolio so in the alternative do you have more conviction in XBC than the other for companies at present?
Thank you
Read Answer Asked by Marty on December 11, 2019
Q: Sadly, I held on to my position and the share value has gone from bad to worse. I see it is now listed on the Venture. When and why did that happen? When do they report their fiscal year's results? Do you have any info on estimates? I know you removed it from your portfolio and gave a fairly negative assessment on their performance, but will ask any way...is there any hope for improvement once tax loss selling is done?
Thanks for your good service.
Read Answer Asked by Leonard on December 10, 2019
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