Investment Q&A

Q: Peter and Team,

In trying to follow the model portfolio moves, I am looking to add PKI. The one wart that I see is that, in your last report, it showed a payout ratio above 100%. Do you still see this and are you concerned about it>?

Q: Good morning 5i, any comments on SPB's report? Still comfortable with it in the income portfolio? Thank you

Q: You mention in one of your answers that you have issued a report on Feb 19, where an I find this report?

Q: F-Score or Piotroski Score: Could you give me the 5iR evaluation on this stock screen, validate its performance over the long run and provide the results of this screen for the Canadian and US market. I understand that it uses easy to find information on company regrouped under three factors such as profitability, operating margins and leverage. It would appear that Glacier Media has the highest F-Score for a Canadian company. Could you confirm and give me the results of your calculations.
Thank you

Q: Hi Peter and Ryan,

POE's $0.40 special distribution has left me a little confused as to when we should expect payment. I've included text below from their February 1, 2016 press release:

Key dates are:


-- The record date to determine shareholders entitled to receive the
distribution will be February 10, 2016
-- Due bill trading will commence on February 8, 2016 (two trading days
before the record date, so that trades settling after the record date
have due bills attached)
-- The payment date for the distribution will be February 16, 2016
-- The ex-distribution date will be February 17, 2016 (the trading day
after the payment date, so that trades on and after that date will not
have due bills attached)
-- The due bill redemption date will be February 19, 2016 (the second
trading day after the ex-distribution date, when all trades with due
bills attached have settled)

Thanks

Dave

Q: I'm new to the service, have asked a couple questions and have went unanswered, not sure if your getting my questions??? Here we go again though. Wondering why you have stocks in your portfolio's that are not in your coverage universe?? I'd like to read about a stock (tucows as an example) before considering it for my portfolio, I would think your portfolio stocks should be in your coverage universe, am I missing something - thanks - hope you recieve this

Q: I have a 3.9% (ACB $15.90) position that I acquired in 2014. Liquidity is a problem. It took several small purchases over a few months to establish the position which in $ term is actually quite small.

To date Algoma has been a bit of a disappointment.

There have been 2 recent developments.

On Jan 15 they announced a joint venture with Nova Marine to create a Global Cement Carrier Fleet. Growing / Diversifying is good but the cost and how they intend to fund it was not disclosed.

On Feb 16 they announced a favourable arbitration outcome re Mingde. No numbers were announced. Mingde has declared bankruptcy. This process will take some time and there is no way to know how much Algoma will ultimately recover.

I understand the value of patience. The current yield is abt. 2%. The shareholders aren’t being paid much for their patience.

Is it time to move on or would you give Algoma another year or so?

Q: Looking to increase REIT exposure. With growth and income as the objective, which is the better play for 3-year hold?

Q: Could you please comment on CHE.UN 4th quarter and annual report.
Thanks
Roy

Q: Cubic has had a bad year and its share price has tumbled to the point where the company is now so ugly that it seems rather pretty today. 5i likes momentum, which of course works in both up and down directions. Cubic thus has momentum going against it. But in my dumb emotional reptilian brain, I can’t help but be attracted to it. I like its business model. Perhaps I didn't get the biz model (?) (My history has some litter of past mistakes)

Before I back up the wheel borrow and fill it up with Cubic stock , I seek your opinion , hoping it shall be based on substance , on some depth of data , combined with your own thoughts. Trailing data on Cubic is off-putting. But I believe you use data , both trailing type, and forward looking. I expect to have to wait two or more years before any positive movement occurs on Cubic share price. The near noise is inevitable and is not an important factor provided you agree the business model is sound. Cubic would be for a TFSA.

In your opinion what are Cubic’s prospects? I seek an opinion based on your own thoughts plus analyses by reliable types working at the more reputable sources.

Q: Hey Peter and 5i team:
I'm thinking of buying some Royal Nickel Corp. Any thoughts you could give would be helpful.
Hugh

Q: hi; when these reset june 1 2017 could they exchange them for new as they are trading at a low price.others have done this hair cut. if left the same they would yield over 6% + 5 year rate u.s. thanks for the great service--brian

Q: My simple calculation for SGY NAV is $4.01 whereas the corporate report states $4.88. I'm not an accountant - please explain.
Thank you.

Q: I actually own TDB3099, the new series D version of TDB976 with a much lower MER.

Question 1 = Over the longer term this fund has outperformed. Do you like the underlying securities?

Question 2 = I can't find any reference to the fund being hedged or not. Now that oil and the related Canadian $ are no longer plummeting, hedging is more of an issue. Will this fund be impacted by the exchange rate?

Thanks,
Steve

Q: Hi folks,could you please comment on Q results for First Quantum,latest Q seems to be an improvement over previous Q's, and heard previously somewhere of a potential sale of nickel mine to believe HudBay? for app $1B to help reduce their debt. Any update and overall, would you rate fm/t a buy,hold, or sell. Thanks as always,jb

Q: Good morning Peter and 5i team. Can i get your recommendation on Oceanagold? It recently initiated its first ever dividend after successful acquisition of Romarco. I am very underweight gold/materials and looking to add OCG or other stocks in the sector that you favour instead of this one. Thanks again! John C.

Q: Lots of changes. They seem to be raising a lot of liquidity; selling assets, cutting dividend, stopping DRIP, and increasing credit facility. Doesn't seem to make sense. Do you think there are skeletons in the closet that are not apparent that they are preparing for? Could things be worse than they look? Or are they eyeing opportunities? Would you be a buyer?

Q: Hi Guys,

Would you sell First Capital Realty (FCR)and buy Boardwalk Reit (BEI.UN) with the proceeds at todays prices and outlook for the future for both companies?

Thanks
John

Q: Could I have your thoughts on this company's recently reported earnings and do you consider it a buy at the current price. Thank You.

Q: Hi Team,

May I please have your opinion of Roxgold and their recent financing? How risky would it be to invest in this company - just a small position in a well diversified portfolio?

Thank you very much.

Michael