Investment Q&A

Q: Corsa selling portion of the business to management. They mention an asset impairment of 20m. Does that mean they wrote down the value of the division before selling to themselves? (Is this the type of activity you were thinking of when you mentioned that you don't like the management (or was that strictly a matter of performance?)?)
https://www.theglobeandmail.com/globe-investor/news-sources/?date=+20180307&archive=cnw&slug=C8715

Q: I am in the red re: above five stores.
Your advice to sell and buy Open Text, Descartes, Pollard and Blackberry? I am interested in best Growth Stocks
Thanks, Klaus

Q: Given, the growth outlook of ZCL, would you sell on this rise in stock price? I'm thinking about selling and purchasing a share in Amazon.

Q: Greetings
Being retired I am interested in income and I am unwilling to give up a lot of upside for income security. As a result I own all the BMO covered call ETFs: ZWB,C,E,H and U. It has occurred to me that, if you feel the market will rise from here, buying the put strategy of ZPW and ZPH would make more sense as since calls limit the upside puts should limit the downside. Is my logic correct?
Thanks
Don

Q: Hi 5i,

I am so pleased with your service and of course, a rating system which directed me to invest in CSU.

The equity continues to rise to new all time highs. I am NOT complaining, but there must be some point at which it is overvalued and you would, I assume, reduce your rating. Or, could it move to 900, 1,300, 8,000, 1,000,000 on us. Not to be to far out with my question, but are there limits to growth with CSU ?

Q: Any thoughts on this company, would you continue to hold?

Q: Several commentators on BNN recently have indicated that we should be moving away from Consumer Staple stocks and investing in Industrials as cyclical strength is expected. Do you agree with this position and if so what names would you recommend other than the ones already held in your model portfolios. Thanks.

Q: I am selling my Goldcorp holdings and would appreciate knowing what gold stock you are presently recommending. Thanks.

Q: Which of these 3 equites would you choose if you could only pick one?

Q: i thought both companies earnings were outstanding especially yangarras.
your observations please. dave

Q: Please comment on earnings.

Thank you!

Q: Hello Peter and Ryan,
Unless i am mistaken, Savaria missed the revenue numbers but did well on EPS. What do you think about the results. I was thinking of adding to the position to 5% as the trend still looks good for the company and the numbers overall were good.Any idea why Andrew Peller continues to surge and why Covalon and Photon Control continue to go lower? I know you have answered on the COV and PHO but they just keep getting pounded. Thanks very much.

Q: Can you please comment on the Earnings for Savaria. Thanks Valter

Q: Dear 5i:
Multipart Balanced Equity Portfolio question (please deduct credits as appropriate):
I have roughly $12000 to contribute to my RRSP (2018 contribution) right now, which four or five companies should I put this money in? Please exclude TECK, CSU, BNS, MX, PBH, and SIS in your response since I have full weights in these companies. I would much rather just add to positions to bring the weights of each position closer to 'equal weight', but this would involve averaging down (which 5i doesn't generally endorse). However, you have commented previously in the past that any company currently in the BE portfolio is 'buyable today'. So would averaging down be reasonable if one is only considering BE portfolio companies (for example, would be happy to average down on CLS/GUD if you think this is a reasonable move). I would far prefer to avoid individual security concentration risk by adding to other positions rather than trimming a winning position (regret trimming TOY, for example). Please provide your thoughts and guidance, and thanks as always.

Q: Could you suggest ways to invest in short duration mortgages
Thanks
CDJ

Q: Could you comment on the recent drug approval by the FDA for Theratechnologies. Does this seem like a compelling buy with a new product and revenue line?

Q: Re Kim's preferred share question, TD Webbroker publishes a monthly analysis covering the following topics:
Market Commentary
and Strategy ................................................................................................
........................................... 2
Preferred Share
Recommendations ...............................................................................................
................................... 3 - 5
Preferred Share Classes
and Characteristics ...................................................................................
...................................... 6
Preferred Share
Table Notes ...................................................................................................
................................................ 7
Retractable Pref
erred Shares ..................................................................................................
................................................ 8
Rate-Reset Pref
erred Shares ...................................................................................................
....................................... 9 - 19
Floating-Rate-Reset
Preferred Shares ..........................................................................................
................................ 20 - 21
Perpetual Prefe
rred Shares ....................................................................................................
....................................... 22 - 25
Fixed-to-Float Pr
eferred Shares ...............................................................................................
............................................. 26
Floating Rate Pref
erred Shares ................................................................................................
............................................. 27
Split S
hares ..................................................................................................................
................................................. 28 - 29
U.S. Dollar U.S. Iss
ued Preferred
Shares ......................................................................................
............................... 30 - 36 (It's 36 pages)

Also http://www.prefletter.com/ publishes monthly recommended issues. A single copy is about $20

Q: For energy sector I have these four companies. Sure, I am under water with all, but this is probably irrelevant. All offer good dividend, so I have time to wait. They have some debt too, which I don't really like. Please comment on the prospects for these companies: at this moment can you consider them value or value traps? Or, are they a hold? Are the dividents sustainable?

Q: Thoughts on their results ?

Q: In answering a question from Calin about certain energy stocks this morning this morning you said "Because of the weak sector outlook, we would not go too crazy here."
Could you please expand a little on why the sector is perceived to be "weak" and when/why it might get stronger?
Thank you,
John