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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 Peter, Ryan, and Team,

If one is bearish on pipelines, what do you think of a switch from TRP to PKI, in a TFSA, so that an appropriate weighting in energy could be maintained? Or do you have any other suggestions? All time period charts for these two stocks show PKI beating TRP, and PKI has a lower beta.

Thanks in advance for your valued advice.

Read Answer Asked by Jerry on April 03, 2018
Q: In my TFSA currently have BCE, ENB, FTS, TRP, CNR, SLF, BNS and TD - Currently down about 5% in the portfolio. I'm looking to make a change to get some growth in lieu of dividends - what would you recommend keeping and buying.
Thanks
Read Answer Asked by JOHN on April 03, 2018
Q: I have a question related to inverse index ETFs and payments of dividends.

I hold 100 shares of the New York-traded ETF "PROSHARES SHORT QQQ", ticker PSQ, which behaves in an inverse way to the NASDAQ index. Last week I received a dividend of US$4.01. Although this is a modest amount, I am very surprised that I would receive any dividend at all ! How can this be with an inverse ETF? (If anything, I would expect to have deducted the dividends of the underlying shares, as is the case with a "short" of an individual stock.)

Thanks for any clarification you can provide!
Read Answer Asked by Gregory on April 03, 2018
Q: I am doing a bit of spring clean up on my portfolio. My question relates to insurance companies. I have a 3/4 position in Sun Life and 1/2 positions in Manulife and Power Financial. Manulife was purchased for its Asian exposure and Power Financial for its European exposure and its dividend. What insurer would you eliminate and is there a reason to keep more than one Canadian insurer?
Read Answer Asked by eric on April 03, 2018
Q: Hello 5i:
We currently hold about 4% of our portfolio in CSU.DB; bought first about 3 years ago with subsequent additions. It's been a very good and stable performer (thanks for the tip as in addition to the excellent dividend, we also have capital gains). Can you provide another name, possibly A ranked company that would have a similar fixed income contribution? Or, should we merely increase our weighting in CSU.DB?
btw, we also hold CSU (the regular equity) at about 3% of our portfolio.

thanks
Paul L
Read Answer Asked by Paul on April 03, 2018
Q: Hello 5i Team,
I'm curious on what your thoughts were regarding these two overlooked companies. If they do not interest you would you have any recommendation for small technology companies and/or diversified alternate asset management company?

Thank you!
Read Answer Asked by Massimo on April 03, 2018
Q: In an April 2nd answer pertaining to a question about PBH, you stated that it is not cheap at 27X earnings. Both TD WaterHouse & 5iResearch’s company page states PBH’s P/E ratio is about 44X. Does the 27X figure refer to the forward P/E. If it does, from where did you obtain that figure & is it possible for 5iResearch clients to have access to companies forward P/E ratios. Thanks … Cal
Read Answer Asked by cal on April 03, 2018
Q: Gentlemen:
I notice some preferred shares have an option to convert to another issue and are also redeemable on the same day. Can you exercise the option or do they redeem them?
Thank you
Ken Beatty
Read Answer Asked by Ken on April 03, 2018
Q: At what point does 5i acknowledge the severity of the problems at these companies, including reducing their 5i stock ratings? Both of these companies have been severely punished for very good reasons. Too much debt. Cant get the prices they wanted for asset sales. Cant sell shares into the market for a decent price. Interest rates are rising. They have backed themselves into a corner and have really damaged themselves, ENB more so then ALA. ENB future dividend increases are a fantasy, a cut is more likely. Yet still rated an A- ?
Read Answer Asked by Joel on April 03, 2018
Q: Thank you 5i for helping me realize it is time to refocus my investment philosophy.
Ignorance is bliss. In more recent times, my bliss has turned to self scrutiny full responsibility for my investment decisions. Thus I signed up with 5i because what I see offered is good common advice, not hopeful returns.

About a year ago I was in a blissful state and followed some advice to invest in these companies as potential Canadian 10+ baggers: TSO3 INC, CRH MEDICAL, SUNOPTA, EXCO TECHNOLOGIES, PIZZA PIZZA ROYALTY CORP, MEDICAL FACILITIES, MAJOR DRILLING GRP INTL, WESTAIM CORP, CORBY SPIRIT & WINE-A, TRICON CAPITAL, and AUTOMOTIVE PPTY REIT
Consequently, I invested about 5% of my total portfolio in the hopes of winners. One year later all are down 10% or more with a combined loss on paper, ytd, of almost 20%.
Thankfully, the majority of my stock investments are in ETFs. I am not opposed to owning individual stocks. Based on your views of these companies, should I sell off all or any of these and make some wiser, less speculative choices? Any other sage advice would also be welcomed.

Read Answer Asked by John on April 02, 2018
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