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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: I read in a previous post that you favored HPR and ZPR over CPD (Sept 18, 2017) because of the rate reset. I am currently adding to my fixed income and would it be a good strategy to add 50 / 50 ZPR and CPD for the preferred portion ?
(I also own a larger position in CBO).

Also, do you recommend adding a convertible bond etf (CVD or other) for diversification purposes ? Thank you for your comments.

Read Answer Asked by Pierre on March 16, 2018
Q: I'm confused about this stock. BMO Investorline shows it's undervalued, and has an estimated 17% EPS growth forecast. But, they also show a +10% increase in revenues, and a -74% decrease in EPS in 2017. And then there's their business model: "provides electricity, natural gas and solar products to residential and commercial customers through an innovative brand strategy and multi-channel marketing approach". Are these the people behind locking in unsuspecting customers in binding contracts that promise to lower their utility rates, but actually end up costing them more? Your comments on their business and financials would be appreciated.
Read Answer Asked by Helen on March 16, 2018
Q: Hi Guys,

What do you think about Spartans earnings and prospects. There is so much commentary about how this company has a great balance sheet, and the founders have made, and sold companies for large profits, and is a must own name in the energy space. Well.. I have owned for 3-4 years and am underwater. New reports have indicated that they have pulled out of a conference next month (speculation that there are in talks with other parties now to merge, and/or be bought). Eric N, who seems extremely knowledgeable to the energy markets, thinks it is a great play, and may think news/takeout is in store. What do you guys think!
Read Answer Asked by william on March 16, 2018
Q: I'm interested in taking a position in Photon Controls. Can you confirm my calculations that they have 30 cents per share in cash?

Also, is there anything in the earnings report that raises any red flags for you?

And do you have the same level of confidence in the company, after reading their earnings report that you had 24 hours ago?
Read Answer Asked by john on March 16, 2018
Q: Hi 5i, I would appreciate some more info in relation to your recent comments on Callidus (CBL), which I still hold. I don’t want to take issue with them; I just want to get clearer on whether and how they should impact my own view. I took the company’s report last summer (along with management’s comments) to indicate that improvements were needed to both loan portfolio growth and the balance sheet in order to motivate sufficient interest for the company to be taken private. I interpreted the company’s report last fall as confirming that view. At the time of the last report it seemed to me unlikely that CBL would be able to show much improvement on either aspect before their next report (March 31?) or possibly the following one. Accordingly, I determined to hang on to the shares for the next couple of reporting periods (subject to new information), to see whether there were emerging signs of the required improvements. Since then, this is what I am wondering about, I have seen no news reflecting on the company’s business performance. I can understand people becoming fatigued with the stock and its treatment by the market and I can understand the passage of time eroding peoples’ confidence in the prospect for a profitable go-private transaction. But that aside, is there any fundamental business information you are aware of, which has come available since their last report and reflects negatively on CBL’s business and its related prospects? Thanks.
Read Answer Asked by Lance on March 16, 2018
Q: I have a small position in TAG in a trading account. It seems to have some earnings and no debt while not exposed to our Canadian energy market problems. However, it also seems to by unable to hit on any of its big targets.
I was wondering if you think it is time to move on or by more and wait for the next positive news cycle?
Read Answer Asked by Randy on March 16, 2018
Q: Hello 5i
Would you please offer your comments about what to do with FLY?
I was clearly aware it would be necessary to wait for outcome from Boeing tests - into July or longer. And that China is where they could see some growth with traction.

With the CFO departure, the optics are terrible and certainly do not indicate departing CFO's positive belief in near-term business potential.
Trading volume remains light with the stock down today. Does one continue to hold on with original plan to see how the testing goes at Boeing? Or join the CFO and depart this investment?

Thanks
Dave
Read Answer Asked by David on March 16, 2018
Q: I'm looking for a place to park cash and have iniated a small position in the Horizon ETF. I like the idea of floating rate bonds because interest rates seem to be on the rise. Just wondering if there might be similar products that I could investigate. I know about FLOT but would prefer the investment be in Canadian dollars. Thanks in advance for your guidance.
Read Answer Asked by Les on March 16, 2018
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