Investment Q&A

Q: I haven t followed the market much in the last 3 months or so but i wonder what has really changed (growth story, oil output, china, somewhat rich valuation) and when i see the S&p500 almost at all time high i wonder about the risk / return in the next 12-24 months and i hesitate to add new money. Can you please comment on the macro picture at the present time and other related comments if any. Thank you.

Q: Hi 5i team,

I have a 3 month old son and have opened him up an RESP. Can I get your opinion on what 2-3 stocks you would invest in that provide decent income (in the form of a dividend), and are relatively safe knowing that he will need the money in 18 years. I was thinking of playing it more conservative, but I have been contemplating taking a shot at something with a good growth potential.

Thanks so much.

Q: Your analysis of Symbility please.Thanks.

Q: hello 5i:
in a comment on CSH.UN today, you felt that it was a good buy for income and some growth. I wish to establish a position, BUT, I see at the present time, Chartwell trades at a P/CF of 29.5, vs a 5-year average of 16.8. This appears to be very overvalued. Can you comment please?

Q: How is this stock looking now for a long term hold?

Q: Have read a few of your answers regarding Veresen and some concerns that there may be a dividend cut. I wonder if you realize that 61% of their cash flow (attributable to dividends) is retained for investment in the new Montney gas plants and they issue shares for that amount thru their DRIP. Unlike many capital intensive companies that do separate offerings for new projects Veresen uses the cash saved from the DRIP, same end result though, some dilution associated with each project. Only 39% of their dividend is actually paid out in cash. Actually companies like Inter Pipeline see 50% of their dividends also paid out thru their DRIP as well, but they also do offerings associated with individual projects. If you look thru Veresens 2016 guidance you will see $200 mill a year being reinvested from their DRIP into the $1 bill Montney plants under construction. Whether you do it thru a DRIP or a separate offerings it would seem so long as they are getting an appropriate ROI this may be prudent. It also suggests that there is less risk than might otherwise be considered here given their planning and guidance is based on these facts. They have met guidance three of the last three years if you look at what was said and what has happened. Any thoughts on this information? Of course I realize no dividend is 100% safe, just wanted to point out that the actual cash portion paid out is substantially lower than their annual cash flow.

Q: would you consider face book worth holding as well would it even be a core position

Q: there is supposed to be a meeting on April 17 regarding the production of oil between opec and non opec members. could this possibly determine the direction of oil for the next while? would you suggest waiting to buy into oil or buying into it after the meeting IF production is cut?

Q: I`m not sure this is even fair question, so I`ll understand if you pass on it. I rode dividend stocks to nice profits a couple of years ago and think the time might be right for a strategy like this again. I would like to get something in the neighbourhood of at least 4% and preferably large enough that the downside is limited if I have to sell. I have $100K U.S. and about $400K Can. More than half of my retirement income comes from stack-market returns. Clearly I would to be diversified and would appreciate a number of suggestions.Thanks for the help

Q: What is your opinion on the CWB addition of the GE credit Franchise and the Banks expansion plans.

Q: How do you assess the risk/reward potential on this stock?

Do you intend to keep it in your growth portfolio?

Q: Would appreciate your thoughts on recent price appreciation. Would you continue to hold?

Q: When researching dividend stocks I always check the "payout ratio". Most of the time this information is not available. Is there a web site that includes this information when researching a stock without doing it mathematically?

Thanks.

Q: How would you compare Fiera Capital and Gluskin Sheff going forward.

Q: Is Empire a buy at these levels ???

Q: LIF has moved up close to 50 % YTD, albeit of a low base. Is it time to take profits, or is there more upside left? Thank you.

Q: Hi 5i: I've been intending to switch SLF for TD for a while, but every time I go to pull the trigger, SLF goes up. Do you think that is a good move right now? My motivation is that banks will do better than lifecos until rates start to move up. Any comment on my choice of bank - I already have BNS?

Q: Any preferance . Thanks

Q: Hi Team: do you prefer CCL.B rather than CCL.A? Thanks

Q: i forgot to ask in my last question whether i should start a new position in bep.un if i already have bam, or just add to bam?
thanks again