Investment Q&A

Q: Hello 5iR,
I have a RIF account in Canadian dollars and one in US dollars. Are these treated as ONE account for tax purposes so that I can freely move cash or stocks between them? Or would a transfer of shares or cash be considered a withdrawal or addition and hence be a taxable event? I would think that these account really are considered One RIF. Thanks you for your answer. Cheers

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Read Answer Asked by Hans on October 31, 2022

• Coherent Corp. (COHR $114.60)
  • $114.60 Cap: $17.85B
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• Coherent Corp Com (IIVI)
  • P/E (TTM): 28.7X Cap: $5.49B
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Q: I asked about COHR (formerly IIVI) last week and haven't seen a reply yet I am down 63% on it and wondering if I should hold or move on.
Thank You
Peter

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Read Answer Asked by Peter on October 31, 2022

• Methanex Corporation (MX $54.64)
  • $54.64 P/E (TTM): 11.4X Cap: $3.68B
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Q: May I have your comments on earnings please

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Read Answer Asked by Margot on October 31, 2022

• Miscellaneous (MISC)
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Q: If the republican party took over the house and senate in the midterms ,how might this affect the price of oil and gas? Thanks harris

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Read Answer Asked by Harris on October 31, 2022

• Enphase Energy Inc. (ENPH $40.50)
  • $40.50 P/E (TTM): 29.78X Cap: $5.02B
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Q: I have a small position in my trading acct. What do you think of their latest earnings results and should I add to my position for a 2 yr hold?

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Read Answer Asked by Tim on October 31, 2022

• Miscellaneous (MISC)
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Q: Hello, Can I get your take on how the markets react during a recession? It seems we are heading into a recession in 2023. Do markets drop further? Do company earnings drop? What sectors if any do you see doing okay during a recession? Do I hold off on buying stocks till middle of 2023 and just stick some money in short term gic/treasury bills? Trying to figure out how to prepare my portfolio for a recession. Thanks

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Read Answer Asked by pietro on October 31, 2022

• MP Materials Corp. (MP $73.22)
  • $73.22 Cap: $12.96B
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Q: There have been a couple of analyst price target reductions since your last comments on MP. Any change to your view of this company?

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Read Answer Asked by Brendon on October 31, 2022

• Miscellaneous (MISC)
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Q: I'm seeing many S&P500 companies and FANG stocks at prices we haven't seen for a while.
I've been hesitating to buy because the CAD dollar is so low and therefore a big loss in the exchange rate and fees.
Am I wrong in hesitating because of this? Also would buying a Canadian ETF that covers the above stocks be a better way to go?

Thanks, Paul

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Read Answer Asked by Paul on October 31, 2022

• TFI International Inc. (TFII $129.08)
  • $129.08 P/E (TTM): 21.47X Cap: $10.67B
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Q: Overall, good results and we like the confidence shown by the large dividend bump.

Well, obviously the market doesn't seem to agree with you. The key point is what is the future outlook for the company?

That will be the telltale.


Sheldon

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Read Answer Asked by Sheldon on October 31, 2022

• Meta Platforms Inc. (META $765.16)
  • $765.16 P/E (TTM): 28.24X Cap: $1.95T
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Q: What’s the great entry price for Meta? Thanks

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Read Answer Asked by Hue on October 31, 2022

• Vanguard U.S. Total Market Index ETF (CAD-hedged) (VUS $115.14)
  • $115.14 P/E (TTM): 26.56X Cap: $1.27B
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Q: vtsax. which cdn fund can I buy?

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Read Answer Asked by gabriel on October 31, 2022

Q: I recently read a short article on CDR’s on the NEO exchange designed, by CIBC, to gain access to American companies without worrying about currency exchange. What is your take on CDRs and how does one access them?

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Read Answer Asked by Lloyd on October 31, 2022

• BMO Equal Weight Utilities Index ETF (ZUT $24.67)
  • $24.67 P/E (TTM): 17.76X Cap: $804M
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Q: How do you compare Utilities to Bonds for income and appreciation when interest rates stop rising or decline.

Thanks

Carl

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Read Answer Asked by Carl on October 31, 2022

• Constellation Software Inc. (CSU $4,200.28)
  • $4,200.28 P/E (TTM): 109.08X Cap: $93.60B
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Q: With the addition of my late husband's TFSA, CSU, which I also hold, has become close to 10% of my portfolio. I am several years into retirement. I have 2 questions: Is this a reasonable stock to hold when one is well into retirement? If I keep it, should I reduce it by half? this stock, a long term hold for both of us, has done so well for me I'm reluctant to let go of any of it!

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Read Answer Asked by M.S. on October 31, 2022

• Constellation Software Inc. (CSU $4,200.28)
  • $4,200.28 P/E (TTM): 109.08X Cap: $93.60B
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• Topicus.com Inc. (TOI $161.95)
  • $161.95 P/E (TTM): 77.72X Cap: $13.55B
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Q: what does the market expect from these 2 next week?


Thx

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Read Answer Asked by blake on October 31, 2022

• BMO Low Volatility US Equity ETF (ZLU $57.43)
  • $57.43 P/E (TTM): 22.19X Cap: $2.16B
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• BMO Low Volatility US Equity ETF (ZLU.U $42.54)
  • $42.54 P/E (TTM): 22.19X Cap: $85M
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Q: Is there an equivalent to ZLU in US Dollars? I would like to invest in ZLU but since it will be in my RRSP i think i should invest in US Dollars if possible. There are many funds that follow the S&P 500 Value Index but ZLU has outperformed those over the last few years.

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Read Answer Asked by Rob on October 31, 2022

• Cenovus Energy Inc. (CVE $23.61)
  • $23.61 P/E (TTM): 16.49X Cap: $43.03B
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Q: Hi Guys
I'm having a hard time wrapping my head around how Asset Writedowns &Restructuring Costs can actually add to Cash from Operations, in the case of Cenovus say 1.5 Billion. Can you enlighten me on how this should be perceived as Positive Cash Flow
Thanks Gord

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Read Answer Asked by Gordon on October 31, 2022

• Neighbourly Pharmacy Inc. (NBLY $18.60)
  • $18.60 Cap: $833M
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Q: May I have your comments on the latest quarter please

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Read Answer Asked by Margot on October 31, 2022

• Lockheed Martin Corporation (LMT $480.39)
  • $480.39 P/E (TTM): 26.55X Cap: $112.15B
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Q: What Defense company in the U.S. would you recommend for a long term hold?

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Read Answer Asked by Terry on October 31, 2022

• iShares 20+ Year Treasury Bond ETF (TLT $88.70)
  • $88.70 Cap: $48.50B
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• iShares 0-5 Year TIPS Bond ETF (STIP $103.39)
  • $103.39 Cap: $12.83B
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Q: Is it time to switch from STIP to TLT?

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Read Answer Asked by satish on October 31, 2022