Investment Q&A

Q: DORM dorman products
Is this a good example of a US growth stock and a something to add to one's portfolio?

Thanks ... Happy Canada Day

Q: hi , I am wondering if you may be able to recommend a couple of canadian oil and or gas stocks that have many years of proven reserves in the small to mid cap size that are under valued.

Q: Hi 5i! I have been a long time holder of Manulife (MFC). Now with the prospect of rising interest rates, insurers are back in favour. Would you recommend holding on to MFC or making the switch to Sunlife (SLF). If not Sunlife, which would be your preferred insurer?

I am slowly turning over my portfolio to 5i's covered stocks and/or model portfolio!

Thanks for helping us retail investors!
Angelo

Q: Hi Peter, a long time fan and now a member. I have long been a big believer in the energy sector and am overweight, particularily Crescent Point (CPG). I spend the dividend from my RRIF. Everyone on BNN and analysts all love the stock but the market doesn't seem to. In the Globe's ROB Eric Reguly opined that global warming might cause a black swan type event that would force the world to leave hydrocarbons in the ground which would devastate my holdings. I have long been in the denier camp but am starting to question my position. Would appreciate your views on CPG, this whole thesis, and your view on the nuclear space, especially Cameco. I am seiously thinking of a major change in my holdings. Thanks. Robert

Q: Peter: I've been exploring my new BMO Investor Line and just looked into their article on 'Value Investing'. To my surprise, I found that 12 of our 28 stocks were overvalued; AQN,BIP.UN,EMA,ENB,FTS,HSE,KEY,MG,PKI,PPL,TRP & CPG. Yout thoughts on these, and the concept of 'Value Investing' as well.

Q: Hi Peter
With the prospect of LNG in the west coast, what are some of the names of the stocks that could benefit? Thanks

Q: I am considering FSV and/or BRP for diversification and exposure to US real estate. I would appreciate your insight and any recommendation you could provide.

Q: Hi Peter, Symbol NIF-UN.TO

I am interested in Noranda Income Fund, it pays out $.50 per year in distributions on a $5.00 cost for a 10% yield.

It currently earns much more than this in earnings and cashflow; but it seems to benefit from the concentrate purchase agreement and sales agreement with Xstrata which expires in 2017.

Do you think that even after the agreement expires with Xstrata that the company should continue to do well?(it appears from my limited research that the Xstrata deal is not far from market terms so hopefully the company continues to make the same earnings).

What do you think is fair value given the replacement cost of the smelter/earnings ability?

Appreciate your comments and thanks as always. Ken

Q: Hi, a couple of questions around underlying security of investments.

ETFs: If an ETF provider were to go insolvent, what would be the implications for investors, I assume the funds would be fully segregated, so would the ETF be wound up and investors receive their share of the NAV, or would the ETF likely be transferred to another provider to manage?

GICs: I recall reading that CDIC has reserves for only a small fraction of GIC deposits outstanding, so it is hugely underfunded in the (unlikely) event of large scale industry defaults. Typically I buy GICs from the highest rate providers which are typically smaller less established institutions. If CDIC is not the ultimate backstop as widely believed (do you agree with this?) then should I purchase GIC's primarily from only the most credit worthy institutions? Thank-you....

Q: We have positions in HSE and CVE and have looked at IMO, but the dividend is too low. What other integrated oil companies on the TSX pay decent dividends, if any?

Q: What do you see as future prospects for Western Copper?

Q: NXJ has recently been showing signs of life.Do you have an opinion on this company,please.

Thanks
Bob

Q: PME sentry select precious metals
As this stock has cratered from $9 to $3.50 this year, it still pays the same monthly dividend . The yield is currently ~ 33%. What will affect the dividend going forward? Would you expect a significant cut?
Buy, sell or hold?

Q: In your answer to the question from Denis regarding how many stocks are required to own a diversified income portfolio of $125K and what weighting you would give for each stock, your answer was 20-25 stocks with an equal weighting of 5% to 4%. I have three questions:

In general, is this number of stocks also the optimum for a portfolio of $300K assuming the weighting is similar?

At what value would a portfolio be considered too small to hold individual stocks and should hold ETFs instead?

Finally, how should one calculate the optimum weighting of ETFs if they are already in a portfolio that also holds individual stocks?

Thanks so much for your excellent service and I hope that you all had a great Canada Day weekend.

Q: On the website for Brookfield Property Partners (BPY.UN) the company Brookfield Properties (BPO) is listed as being part of their property portfolio. I am considering purchase of either BPY.UN or BPO, both of which provide global diversification. However, BPY.UN also provides property portfolio diversification as well (office, retail, commercial, and multi-family). BPY.UN has not been around long so it has a very short track recored. I would appreciate any information you could provide that would help in my decision. Thank you.

Q: What is your opinion about Intrepid Mines (IAU)

Thanks Thomas

Q: Hi Peter,

I am perplexed with the behavior of NKO. It gets very good news and then in the next few days it goes even lower than the last time. I currently have a large position in anticipation of the positive developments that are happening. What risks do you foresee in the future that need to be looked into. I know you are reulctant to rate it as a buy due to past price performance, but what do you suggest now, reduce my position or hold.

Q: Hello, I see that Nordex Explosives has hired Capital Ideas to raise their company profile. Does this mean they will be promoting the stock and thus can we expect the price to increase? Thanks Dave

Q: Hi Petr:

You recommended FSZ last week on BNN. I'm having trouble interpreting its P/E ratio of 165. I presume you are using something else instead of earnings as a comparator. Could you explain?

Q: JFT Strategies Fund is buying back up to 10% of shares. What is the signifigance/investment implications of this move? Thank you.
Henry Hughes