Investment Q&A

Q: Good Morning Peter and Team,
Regarding Fiera Capital (FSZ- TSX): When I look at the Ink Insider Report I see that there is a large amount of insider ownership. Such as:
- National Bank
- Goodman and Co.
- JC Clark
- Special and common shares owned by Fiera Capital insiders

It would appear that the vast majority of the outstanding shares are held by "strong hands" so the public float would be fairly small. This would explain to some extent the lack of analyst coverage and low trading volume. Paladin Labs was tightly held as well and we all know how that eventually turned out. Would you agree that there is hidden value within FSZ and that one should behave like the insiders and wait patiently for the value to surface ??? Thank you. DL

Q: Rifco's numbers seemed good. Am I missing anything and would you enter the stock at this point. Would you see much upside.

Thanks

Q: Good Morning 5i Team,
Can you give me an updated outlook for(AAA) Allana Potash? Has been flat for some time.
Thanks

Q: Could you please tell me your thoughts on PSD (Pulse Seismic)? Thank you!

Q: Do you have any idea why Domtar UFS has been falling so drastically since the end of March? Thanks!

Q: Hi Peter, I've held CVL since 2009 & have done ok but I'm looking for a small/mid cap industrial with a little more growth potential. I also own SJ BAD LNR & STN. Any ideas??

Q: T:EGL.UN - EAGLE ENERGY TRUST
I have owned eagle from the IPO. They claim that they are unjustly treated like the other cross border plays (argent and parallel)who debt levels are very high and have cut their dividend)according to them they have a ratio of 1.5 which is considered reasonable. They claim that they will meet guidance and not cut the dividend. Is there any reason to question their claims and would you sell now? any comments regarding eagle would be appreciated especially with respect to the management.
thanks again .
yossi

Q: Hi Peter and team,

Could you tell me if you would support Superior Plus for a tfsa account? I hold sgy,wcp,tog ala and dhx in that account.
Thank you for all of you valued information

Q: IBI.BB

I own some IBI 7% Debentures that are coming due in December 2014. IBI has made an offer to extend the maturity date to 2019 and they haveattached 2 options with a yes vote:

"Option A" Debentureholders receive a consent fee, consisting of an unsecured, non-convertible promissory note equal to $195.65 per $1,000 principal amount of Debentures, payable December 31, 2016 and bearing interest at the rate of 7.0% per annum and payable on maturity; or

"Option B" Debentureholders receive a consent fee, consisting of an unsecured, non-convertible promissory note equal to $86.96 per $1,000 principal amount of Debentures, payable December 31, 2016 and bearing interest at the rate of 7.0% per annum and payable on maturity and the reduction of the conversion price for the Debentures to $5.00 per common share from $19.17 per common share.

The no voters would only get the changed conversion price.

Which option would you suggest, or would you suggest selling it. It's value presently is only about 1% of my RRSP portfolio.

Q: I have a diversified RIF but with little U.S./International exposure. Could you recommend one or two ETFs that would provide this - looking for a combination of growth and income.
Many thanks for all that you do.

Q: Hello 5i,
Please respond to NWC earnings release, and provide your opinion of it at these levels for entry.

Thanks,
RD

Q: Hi,

Your views on ET results please. Thanks

Q: I’d like your opinion on my currrent Canadian equity holdings (please note I own gold and silver as a sepearte part of my portfolio.) I couldn’t buy all of the ones in your two portfolios so had to make choices.
Is it diversified enough? Would you make any changes. Also, technically I am overweight in my Canadian holdings by one position (I should own 16, rather than 17). What would you suggest me selling? I’m wondering if I should sell ACQ because it has gone up so much.

ESL
BDI
CSU
MDA
POT
STN
T
AVO
BEP.UN
SJ
ENB
SU
TD
L
SLF (should I swap for HCG instead? Which will do better in rising interest rate market if housing declines etc?)
ACQ
BAD

Q: Hello Peter- Could you please rank in order of your preference, Whitecap, Tourmaline, Surge and Delphi in order of total return, using your ABC grading.

Q: Peter, given the seasonal "sell in May" scenario, even though it seems irrelevant this year, combined with the extremely high TSX near record levels, would it not be prudent to wait till the summer to rebalance or increase current holdings, even in growth names like DHX, SJ, ACQ, AVO, AYA, BAD, SGY and WCP. Or are today's prices ok for a 3 year hold. Thanks as usual
Dave

Q: Peter; Re the PHM question I think the volume comes from a BNN guest comments this week.

Rod

Q: SNDK Sandisk I saw that this was a company well liked by your team and yet there is not a single question about it. The chart looks wonderful! Could you give an outline as to why you like it so much?

TIA

Q: PHM Patient Home Marketing is having a nice, little move this week but not on any news that I can see. Can you offer any insights? Thanks. Lorraine

Q: Hi 5i team,

Assuming a balance portfolio, I was thinking about switching CGI Group for either Surge or Whitecap resources. Although in very different sectors, I am looking to switch into a company with more growth. CGI is cheap on a valuation basis, but doesn't seem to have current momentum.

Your thoughts and suggestion is much appreciated.

Regards,

Q: Hi Peter, I own CTSH, haven't made any real money, seems solid but it has a downgrade due to valuation, it has a 1.6 peg and I am wondering if I could do better with another stock over the next year. Thanks once again, appreciation of your service comes with a capital A.