Investment Q&A

Q: I read an article last night talking about if you had purchased AAPL stock on it's IPO 42 years ago at 22$ and invested 10G at that time and held until now the value not including the small div they pay would be roughly 14Million$ after all the splits your share count went from 400+ to over 100,000+ shares.. I know it is a tough call and this is more of a fun exercise but could you name a few companys/stocks that one day may return something like this over 30-40 year time block Canadian or USA..

Thanks

Q: if SMRs [ small modular reactors ] take off , what businesses and spin off companies good really benefit from power producers of this sort ? thanks , have a super week.

Q: About 10 days ago, I read that AQN was selling 49% of 3 US wind farms and an 80% stake in a Canadian wind farm. Doesn't this dilute the company's objective of being a renewable energy firm? Did it make a lot of money from the sale, was it a loss or can you shed any light on the sale? The share price has dropped about 25% in the past 2 months and the dividend in now comparable to the dividend of ENB. AQN is projected to increase its dividend another 6% at the end of 2022. Does any of the above or other factors, such as payout ratio, etc. significantly affect the risk profile of the dividend payout ?
Thanks a lot for your views. It is amazing to me that you can provide very reasonable perspectives on such a wide range of stocks and topics.

Q: Hi 5i
I am a little overweight in financials, about 2% each in above Canadian names and about 1% each in US names.

I am underweight real estate / property.

I would like to sell a financial. Probably MFC which essentially has paid me a nice dividend for a few years but hasn't really had a significant gain. Selling would provide a small capital loss that I could use. Certainly recent market downdraft has been a factor.

Would you agree that MFC is the one to sell?

2nd question is which real estate stock(s) or REITS to replace up to 2% of portfolio or simply go to ETF ZRE which is in the income portfolio.
I prefer individual - your favoured 2 or 3 but would definitely consider this ETF w good yield.

Criteria for buy(s) are (for retiree.)
(a) high yield i.e. 4% or more, mainly to replace income from MFC.
(b) low overall long term risk as compared to other REITs and
(c) low to modest growth.

re Reits buy all now or average in over 3 to 6 months?

Please subtract as many credits as you see fit.
Thank you for always helpful advice.

Q: Please comment in more detail about the 25% drop in share price in the past month, the massive debt load at over 3x total equity - to increase I assume with recent acquisitions, and on what appears to be a major revaluation by the market. In your last report on BEP.UN (July/21) you stated the 12.4x forward sales multiple (at the time) was the lowest since 2019. Currently BEPC appears to be trading at less than 2x sales.

Q: We are a retired couple (63,62), living in our paid-off house, no pensions, with only registered RRSP investments to fund our retirement, drawing down RRSPs for last 5 years. We are concerned with our YTD RRSP return (-15%) in our Balanced/Growth portfolio (85-15).

In general terms, given current market conditions/recession risk, what asset allocation would you suggest going forward? Thank you.

Q: How significant is the news release this morning.

Q: Hi Team. I have taxable losses in CSV (-36.5%) and UCTT (-53.9%) I am thinking of selling them and replacing CSV with PLC ( I appreciate the later is C$) and UCTT with MKSI. The switch depends on whether the substitutes have similar expectations going forward. The alternative is to simply sell CSV and UCTT and wait 30 days to buy them back. Which strategy do you think makes more sense at the present time?

Q: SEDG is down a lot. ENPH is holding up. Could you provide your thoughts on what's happened here and briefly compare with your preference, all things considered.

ENPH seems to be the leader in the space. Do feel it will continue to outperform or that SEDG could catch up? Leader vs laggard?

thanks, M

Q: Hi Team,
Your opinion please on the Alternative ETFs for next few years for 5 to 10% cash to reduce the actual stock market risk.
Found these ETFs PFIX, DBMF, KMLM
Thanks
Best Regards

Q: It seems that a lot of the financial press seems to expect a rally when the US Fed stops increasing rates. Wouldn’t this rally just be another bear market rally? We would still have to enter recession, perhaps in Q2/Q3/Q4 of 2023. The actual rally that sticks, ie. the beginning of the next bull market, would be the one predicting the recession’s end and the subsequent rise in earnings right?

Q: Good Evening
Allied Properties is down 57%. and trading at 2012 levels.
Do you see any further declines. Would you sell at these levels or hold. Is it also advisable to average down at these levels. Any comments also on the sustainability of the dividend will be appreciated.
Thanks.

Q: Would this be a good time to add to a position in HR.UN?
Thanks Ron

Q: According to my discount broker, the Toronto Stock and Venture Exchange made the decision to eliminate "All or None" orders back in 2008. However, the US exchanges still offer the ability to choose this option.

This is a pain when selling low trading volume stocks, resulting in delays in exiting a position and multiple commissions. Are there any strategies you employ when you want to exit thinly traded positions?

Definitely something I will pay better attention to before purchasing stocks in the future!

Many Thanks
Scott

Q: I read where the operator of the Sakhalin-1 oil and gas project in Russia's Far East has been changed by Russian gov't decree. What is the risk for a firm like Parex or others with significant foreign operations to be affected in the same manner, including being nationalized?

Would you have a list of the larger energy companies with significant foreign operations? I know from my past work in the oil and gas industry [40 years ago] nationalization insurance was available. I'm not aware if it is still available or not.

Thank you

Q: Hi 5i:
I've been away for a while and not keeping up with Questions, so this may already have been asked and answered. if so, please provide a link to the answer.
I'm hoping you could advise what sectors you think will reverse the current trend and begin to appreciate in value more quickly than others and, also, if you could identify three or so names you would expect to 'lead the charge' in each of those sectors.
If time and space permit, any commentary you might have regarding each identified sector and/or name would be appreciated. Thanks!
Peter

Q: My Son has $12,000.00 to open a new TFSA. He has selected the following stocks
XIU(50)-ZNQ(50)- VFV(25)- ZUT(100)-ZRE(100)- ZPR(200)
He plans to add $6000.00 plus Dividends each year and buy more of same, for next twenty -five years. Will he get a good return on his choice. or does he need to diversify more or only buy the first three. Welcome your direction to maximum total return or close to it. Can accept risk. Many Thanks---Cec

Q: Hello, I sold SYZ a month ago for tax-loss purposes. I thought I would buy it back if the share price was below what I sold it for (it is). I hesitate to buy it because I worry the co will cut its dividend to fund growth and/or reduce debt, which would hurt the share price quite a bit. Should I wait until the 3rd quarter reporting in November in the hope that the co will be clearer on its intent to keep the div as is? Thanks.

Q: In this time of rising interest rates , do you think one should hold on to EMA and FTS for the longer term or should I sell if you think they may tank a lot more?

Q: Two months ago I sold AQN to harvest a loss and reinvested in ACO.X which has slumped ( like the market, like the sector). I'm now looking at the AQN yield and wondering whether taking a loss in ACO and re-buying AQN is a good move. I can use the losses but its not urgent. Your thoughts please? thanks. Al