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Investment Q&A

Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.

Q: Hi. I have a few questions concerning buying a convertible bond ETF. There appears to be only one choice, iShare’s CVD, which is an advantaged fund. An apparent alternative, PCD.UN which is also advantaged, will probably be wound up either in September 2014 or earlier. I have several questions.
(1) Is there an alternative way to hold a fund of convertibles while staying away from Canada’s rapacious mutual fund industry.
(2) Both CVD and PCD.UN are trending downwards fairly steeply (for fixed income funds) over the last few months. Is this a good time to be buying convertibles?
(3) CVD will have to at least restructure when the government legislates against such tax avoidance funds. Does this increase the short to medium term risk?
(4) Presumably CVD will have a higher (but fully taxable) yield by about 0.5-0.75% once they restructure since the forward structure costs will disappear. Is this a valid presumption?
Read Answer Asked by John on March 26, 2013
Q: Hello, would you buy BDI or HNL or a split between the two at these levels. I have no current exposure to the names and very little exposure to the oil service sector and my investment time horizon is 5 years + . Thank you.
Read Answer Asked by Pierre on March 26, 2013
Q: what is your favorite pipeline or utility at this time - Enbridge, Altagas, IPL, something else? Thanks
Read Answer Asked by David on March 26, 2013
Q: In answering Maida's question "was short selling putting downward pressure on JE?" you noted that there were only 7.8 million shares sold short. On BNN yesterday when interviewing Andrew McCreath, Andrew made the point that when you include the US exchange that 30% of the float (issued shares less insider owned shares)had been shorted.

Given the current dividend, isin't this an expense stock to short? Might the shorts get squeezed, especially if JE ramps up its share buy-back?
Read Answer Asked by Douglas on March 26, 2013
Q: Please comment on Ithaca Energy's 2012 progress report that was released this morning. They seem to be doing well but the stock remains undervalued in some opinions. How do you feel about this company. Thank you for the valued insight. Joe
Read Answer Asked by Joseph on March 26, 2013
Q: Hi,
I have held the major canadian banks over the past 20 years and as a result pleased to do so. I have always wanted to diversify into U.S. banks but just never invested my time to do the proper due diligence. Would the U.S. regional banks be a good area to begin my search? Or would you recommend staying out of U.S. financials totally?
Thank you,
Mike G.
Read Answer Asked by Mike on March 26, 2013
Q: Hi Peter and team, given Alliance Grain Traders Inc. (AGT) financial results, what are your thoughts on this company, if any, going forward. Is it a good buy here?
Thanks
Read Answer Asked by Philip on March 25, 2013
Q: HI
I see you mentioned that fund rememptions continue from gold funds
Why is this occurring with gold trading where it is?
thanks
Read Answer Asked by Bryon on March 25, 2013
Q: hi, I am curious can yp.un be purchased on the tsx and is there a M.E R. that is charged afterward . Also whats your opinion on this etf type thing.
Read Answer Asked by jim on March 25, 2013
Q: Hi Peter - I'm interested in hearing your comments on Serengeti Resources (SIR) on the Vancouver Exchange trading now at about 0.08 Like many of the junior mining companies it has done poorly over the past year but I'm wondering if there might be other reasons for its declining stock price. Also on March 20 it announced an issue of about 2.6 million stock options which can be exercised for shares at 0.12 with a five year time horizon. First of all is this kind of announcement generally negative for the company and specifically should I be concerned that the price of 0.12 is only 4 cents above the current price. Thanks.
Read Answer Asked by Rob on March 25, 2013
Q: BTB REIT BTB.un posted 2012 results yesterday and they showed improvement. It is small at 110 mil. MC but it yields 8.65% which was 100% deferred income in 2011. What do you think about BTB and more specifically about the improvement? I do not own it but have other REITs. Thanks for your great site and frequent posts.
Read Answer Asked by James on March 25, 2013
Q: Hi 5i
I see you liked Allied Nevada (ANV) back in Nov. It has come off with all the golds, is it a buying opportunity, or am I trying to catch another falling knife.
thanks
Read Answer Asked by Doug on March 25, 2013
Q: have you looked at westport innovations at all?
And if so do you have any comment?
Read Answer Asked by tony on March 25, 2013
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