Investment Q&A

Q: We are presently holding:
Brookfield Infrastructure = 4%
Brookfield Renewable Energy =3%
Brookfield Properties =1%
of a total low seven figure RIF (mine) and RSP (Wife's) portfolio.
In your opinion is a combined total of 8% too high and or would I be better off switching all to BAM ? Normally I do not allow more than 5% to any one company.
Your opinion would be much appreciated.
Thanks

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Read Answer Asked by DAVID on October 15, 2019

• Freehold Royalties Ltd. (FRU $13.10)
  • $13.10 P/E (TTM): 17.04X Cap: $2.14B
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Q: Is Teine Energy financially sound, and has it been a consistently solid, private energy producer over the years? Does 5i consider them to be a good, and sustainable, partner for Freehold Royalty? Thank you for your comments.

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Read Answer Asked by Edward on October 15, 2019

• Canopy Growth Corporation (WEED $1.44)
  • $1.44 Cap: $154M
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Q: Just for fun I am going to take a small position in WEED after earnings are announced in November. Can you share with me what catalysts, positive, negative and neutral to look for when they announce?
Thanks!

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Read Answer Asked by Chad on October 15, 2019

• Bank of Nova Scotia (The) (BNS $76.43)
  • $76.43 P/E (TTM): 16.06X Cap: $95.19B
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• Cineplex Inc. (CGX $10.40)
  • $10.40 Cap: $659M
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• Enghouse Systems Limited (ENGH $22.71)
  • $22.71 P/E (TTM): 16.05X Cap: $1.25B
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• Great Canadian Gaming Corporation (GC $44.98)
  • $44.98 Cap: $2.59B
  • View GC Profile
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• Kinaxis Inc. (KXS $194.10)
  • $194.10 P/E (TTM): 443.98X Cap: $5.45B
  • View KXS Profile
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• Precision Drilling Corporation (PD $74.49)
  • $74.49 P/E (TTM): 11.36X Cap: $1.01B
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• Surge Energy Inc. (SGY $7.22)
  • $7.22 P/E (TTM): 15.91X Cap: $719M
  • View SGY Profile
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• Premium Brands Holdings Corporation (PBH $91.86)
  • $91.86 P/E (TTM): 32.61X Cap: $4.12B
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• Knight Therapeutics Inc. (GUD $6.29)
  • $6.29 P/E (TTM): 62.08X Cap: $626M
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• Currency Exchange International Corp. (CXI $20.02)
  • $20.02 P/E (TTM): 25.62X Cap: $126M
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• High Liner Foods Incorporated (HLF $17.05)
  • $17.05 P/E (TTM): 6.35X Cap: $496M
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Q: I have the above losing stocks in my rrsp. Do you see any that I should let go and replace with something else? Sgy and pd are particularly painful to look at! The ok stocks I have in it are bns, engh and pbh. A good few years before I start cashing in. Thank you.

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Read Answer Asked by Lois on October 15, 2019

• Stars Group Inc. (The) (TSGI $37.49)
  • $37.49 Cap: $6.60B
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Q: You said Tsgi is 9% discount, so what price should be worth to sell? How to look up Flutter Entertainment share price on lse? Thanks

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Read Answer Asked by Hue on October 15, 2019

• Canopy Growth Corporation (WEED $1.44)
  • $1.44 Cap: $154M
  • View WEED Profile
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• Cronos Group Inc. (CRON $2.88)
  • $2.88 P/E (TTM): 15.89X Cap: $1.10B
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Q: I am basically a buy and hold investor, but the cannabis meltdown seems extreme with no end in sight. Is it time to throw in the towel or should I hang on? I own WEED and Cronos. thanks for your response.

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Read Answer Asked by Pat on October 14, 2019

• Intertape Polymer Group Inc. (ITP $40.48)
  • $40.48 Cap: $2.39B
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Q: can you give your current views on ITP for income and a wee bit of growth going forward.

Thanks

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Read Answer Asked by kelly on October 11, 2019

• WSP Global Inc. (WSP $284.47)
  • $284.47 P/E (TTM): 52.11X Cap: $37.12B
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Q: Peter; Do you any connection between last weeks jump in price to $80.00 and today’s announcement? Rod

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Read Answer Asked by Rodney on October 11, 2019

• MGM Growth Properties LLC Class A representing limited liability company interests (MGP $41.64)
  • $41.64 P/E (TTM): 30.31X Cap: $6.52B
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Q: DescriptionMGM Growth Properties LLC is an American real estate investment trust that invests in large-scale destination entertainment and leisure resorts.
What is your opinion of this REIT as a long term hold please ? Thanks Rick

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Read Answer Asked by Richard on October 11, 2019

• MTY Food Group Inc. (MTY $38.19)
  • $38.19 P/E (TTM): 23.91X Cap: $872M
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Q: Your commentary and outlook for Mty on its recent earnings etc.

Thanks

Sheldon

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Read Answer Asked by Sheldon on October 11, 2019

• Brookfield Renewable Partners L.P. (BEP.UN $35.35)
  • $35.35 Cap: $23.26B
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Q: Any news on this stock as it falls back this week?

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Read Answer Asked by garry on October 11, 2019

• Freehold Royalties Ltd. (FRU $13.10)
  • $13.10 P/E (TTM): 17.04X Cap: $2.14B
  • View FRU Profile
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Q: I've been looking over FRU since I saw your most recent answer to a Q about it. Seems remarkable the it is now trading at a price last seen in 2000! It is trading below it's 2008 low. My question is: Considering that oil is a declining asset has this company managed to increase its land holdings in oil over the last 20 years or is it on a slow decline? Also, how did it perform in the 2008 Great Recession?

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Read Answer Asked by Gerald on October 11, 2019

• Open Text Corporation (OTEX $39.78)
  • $39.78 P/E (TTM): 11.77X Cap: $10.57B
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Q: PI today rated OTEX as "sell". What's up? Thx.

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Read Answer Asked by Rick on October 11, 2019

• Miscellaneous (MISC)
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Q: I currently have about 10% of my portfolio in money market funds or cash. For a while this seemed like a good idea and I have seen other portfolios with cash. but its over a year now and the cash just gets more and is earning very little. I see from some other questions-answers that you do not recommend holding much cash. what do you think I should do? Reduce the cash? and to what extent? I have no need for cash now and have a moderately sized line of credit if there were an emergency. thanks

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Read Answer Asked by Stuart on October 11, 2019

• Valaris plc Class A (VAL)
  • Cap: $65M
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Q: Would appreciate your view of Valaris PLC. A Us Driller VAL:US. I've got a considerable loss on this one. Wondering if it has a future?
Thanks
Frank

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Read Answer Asked by Frank on October 11, 2019

• RB Global Inc. (RBA $149.40)
  • $149.40 P/E (TTM): 54.32X Cap: $27.84B
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Q: Hey guys, what do you think of RBA.CA at this level ? Almost at 52 week high, I have a 5% position, average cost of 40$, obviously, Industrials are a bit too heavy in my portfolio, I also own a 5% in CNR and a 5% in BAD? Any suggestions ?
thank you !

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Read Answer Asked by Christian on October 11, 2019

• Toronto-Dominion Bank (The) (TD $101.04)
  • $101.04 P/E (TTM): 10.29X Cap: $174.03B
  • View TD Profile
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• AMTD IDEA Group American Depositary Shares each representing six (6) Class A (AMTD $1.03)
  • $1.03 P/E (TTM): 1.39X Cap: $93M
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Q: With large US Discount brokerages slashing trading commissions to zero and with TD Bank owning 43% of Ameritrade - how do you feel that will impact TD Bank

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Read Answer Asked by Karen on October 11, 2019

• iShares Core Canadian Long Term Bond Index ETF (XLB $18.65)
  • $18.65 Cap: $829M
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• Vanguard Canadian Long-Term Bond Index ETF (VLB $20.37)
  • $20.37 Cap: $252M
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• iShares 20+ Year Treasury Bond ETF (TLT $87.82)
  • $87.82 Cap: $48B
  • View TLT Profile
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Q: I'm looking to put some money away in a safe mix of ETF's (likely fixed income) with a desire to earn around 3% over the next 12 months, given overall market risks and conditions what would you suggest. thanks for your advice.

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Read Answer Asked by Curtis on October 11, 2019

• Stars Group Inc. (The) (TSGI $37.49)
  • $37.49 Cap: $6.60B
  • View TSGI Profile
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Q: Is there a decent arbitrage opportunity here now?

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Read Answer Asked by Blake on October 11, 2019

• FirstService Corporation (FSV $270.04)
  • $270.04 P/E (TTM): 68.64X Cap: $12.27B
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Q: I read tonight from the 5i report that FSV recently bought a commercial real estate management company. I thought when FSV and CIGI split FSV would manage residential real estate and CIGI would manage commercial real estate. If this is true is the most recent acquisition troubling as FSV is getting out of its level of expertise (managing residential real estate)? Will it now be in direct competition with CIGI?

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Read Answer Asked by Robert on October 11, 2019