Investment Q&A

Q: Could you comment on WFT which declared a stock dividend share equivalent to a 2:1 split & is it a good strategy in a TSFA account?

Thanks
Ray

Q: First, I often wondered what would happen to Alaris (AD) should one of their investment goes south - now I know. And it is the reason why I have stayed clear - the risk is higher than it appears.

I'm at loss to understand what the "due bill" announcement from WFT means. And I am wondering about your take on the company.

Q: Good morning Peter and 5i team,

Is there anything happening at Sylogist Ltd. (SYZ) to account for the 5% + drop, or is this a normal occurrence for a small-cap? Thanks in advance, and season's greetings to everyone at 5i. Your service is FANTASTIC!

Q: Will you be updating your report on Enghouse soon?

Many thanks,
Tom Caldwell

Q: You answered a question to-day from Rob about a portfolio tracker. You mentioned your Resourses and Strategies section. Where do I find it

Q: What is your take on the newest CSU acquisition? Should I be reassured, or alarmed, by the letter to shareholders released today concerning the acquisition

Q: In response to your answer on HSBC, which I bought for global financial exposure, you state that you felt there were better options. What would some of those other choices be?

Thanks.

Paul

Q: Seasons Greetings, Peter and the 5i team! I couldn't thank you enough for your work and devotion to us!
You gave yesterday an answer with these tickers:
We would select MCR, AVO, LSI, EFN and FSZ.
CMI, AYO and SYZ might also be considered. I don't find AYO...
Thanks a million

Q: Could I please have the consensus figures for ESL's q4 revenue and eps?

Thanks,
Sandy

Q: Do you know of a good free portfolio tracker? I'd like to be able to track historical performance and have it properly handle stock splits and dividends. I've been using google finance but it doesn't seem to deal with dividends properly and also messed up the stock split on CNR.

Thanks,
Rob

Q: Hello Peter and team. I want to add a Canadian integrated oil/gas player to my portfolio. Any recommendations? I am thinking of Suncook energy, your thoughts. Thank you

Q: What are your thoughts on International Forest Products (Interfor) for a play on US housing at this time?

Q: Seasons Greetings 5i I was reading the news release from Husky Energy HSE from Dec.11 under Corporate Developments it read " The board of directors has decided to discontinue the payments of dividends by way of the issuance of common shares " What exactly does that mean. I contacted the investor relations but they haven't responded yet, I had contacted them some time ago about the dividend policy and they said the dividend won't be looked at until 2016 after some of the major projects are finished. Thx Gerry

Q: Hello Peter and the 5I team
I was wondering about buying a high yield oil stock I was considering BNE. My short list is CPG, BTE, BNE, COS, WCP.....I already own some WCP, would you just add to that position ( it is approximately a 3.5% holding now. My oil holdings are about 10% of total in my portfolio)? How do you think BNE stacks up against the other ones? What are your thoughts on BNE? If you don't like BNE what stock would you like?

Thanks

Q: Hello 5i team
Copied from various press releases and news stories:
Fiera Capital Corporation (FSZ) completed its acquisitions of Bel Air Investment Advisors LLC as well as Wilkinson O'Grady & Co., Inc. last October. The purchase price is US$156.25 million, including US$115 million in cash (part of which will be held in a three-year escrow) plus US$10 million by issuing new Fiera Class A subordinate voting shares over a 32-month period.

The purchase price was financed using the net proceeds from the Firm's previously announced C$105 million private placements of a total of 9,781,000 subscription receipts from treasury with each receipt priced at $10.75. Of that total number of Subscription Receipts, Fiera issued 6,696,000 Subscription Receipts, on a private placement bought deal basis. In addition, Fiera issued 3,085,000 Subscription Receipts, on a private placement basis to National Bank of Canada who will ante up $31.4-million to maintain its ownership stake at 35% of Fiera.

As the subscription receipts were sold on a private placement basis, the Class A Shares are subject to a statutory resale restriction until January 19, 2014. The Subscription Receipts, together with the Class A subordinate voting shares issued, are subject to a four-month plus one day statutory resale restriction ending on January 19, 2014.

My question is : I want to take a 3% position in Fiera. With the big share issue, and the subscription receipt price at C$10.75 [current share price is C$13.64], and the 3 year escrow issuing shares over a 32-month period, plus the statutory resale restriction ending on January 19, 2014, will this put strong downward pressure on Fiera's share price? Would you be a buyer right away as the price is currently down 13% from it's 52-week high, or can we anticipate a further 5-10% correction in the share price in the months ahead?

Thank you for answering all my questions.... Paul

Q: My wife wants to increase her US position. Is PRF better than VYM or VIG? I think VYM is better but I would like to know your opinion.

Regards

Q: In regards to LGT.B Martin Mittelstaedt covered (recommended)the company on May 29, 2012 edition of the Globe & Mail. He stated the company has not had a profitless year since going public in 1969. Mr Mittelstaedt recommended the stock @ $19.51 so he made a good call.

He stated that the president, Ms Paquin, was appointed the new acting chair of CP. Is there any concern with Ms. Paquin being "spread too thin" with her chairmanship of CP? Will her relationship with CP drive new business to LGT.B?

I am thinking of selling BMO to buy LGT.B. It would increase my transportation weighting to about 9%. (3% ALC, 3% HNZ.A and 3% LGT.B). Does this make sense - I am overweight in financials.

Regards

Q: CNE- What are your thoughts on Canacol with its recent drill results and future drilling program. I am wondering if I should add to my position. Thanks

Q: I have an income oriented portfolio (mostly dividend stocks) I am concerned about the potential for rising interest rates to negatively impact its value. I am considering investing in an inverse bond eft to hedge against this. I am thinking to take a position of 25%. What are your thoughts on this
Thank you!

Q: (Just trying to use-up my 24 questions!)
LIF moved-up 7.7% this week according to the Globe. I see LIF declared a dividend but the move seems too much for just the dividend. Metals seemed stronger last week. Is there any reason for the move?

It smells to me of insider trading...but this is just speculation on my part.

Regards