Investment Q&A

Q: What are your top 4-5 picks (stocks or ETFs) for an RRSP with a 15-20 year horizon?

Thanks,

Q: Do you see CURO as a competitor to GSY? How do you like CURO as a risk/reward opportunity? Is there profitably on the horizon? Ty, Chris.

Q: It appears from the news release that the rights dividend allows a holder to purchase a debenture. There is no indication of allowing and existing debenture holder to switch issues to a non redemptive issue.
This is exactly the way csu sold its original tranche of debentures.
It also states that this issues is an additional to the previously issued debs,ie no series 1 and 2
Am I missing something

Under the rights offering, the company will issue the rights in satisfaction of the rights dividend that will entitle the shareholders to buy up to $700 million of unsecured subordinated floating rate debentures, Series 1 of the company.
The Series 1 debentures will be issued as an additional tranche of, and will form a single series with, the outstanding $282.2 million of unsecured subordinated floating rate debentures, Series 1 of the company. There is no minimum principal amount of debentures that must be issuable upon the exercise of rights.
The company plans to use the net proceeds of the rights offering to pay down debt under its existing credit facility and use any remaining proceeds for future acquisitions.
The rights will be issued in satisfaction of the rights dividend in the amount of one right per common share.
The rights will be exercisable until 4:30 pm Toronto time on Sept. 29 at $133 per $100 principal amount of Series 1 debentures purchased, plus accrued interest in the amount of $0.217 per $100 principal amount of Series 1 debentures purchased on account of interest accrued on the Series 1 debentures from, and including, Sept. 30 to, but excluding the issue date.

Q: Any good news for the big surge today ( Friday ) ? Thanks a lot.

Q: Somewhat similar etf's with significantly different yields.

umax at 13.7% and zmu at 8.1%

would umax not be the obvious choice for an income investor?

thankyou

Q: Could you please elaborate on your response to Tim today where you stated “ the odds of a recession we think are actually diminishing now.”
I have concerns on China’s messy economic future as a headwind. Thanks for your thoughts.

Q: what are your observations on NFI refinance actions?

Q: I'm looking to park some cash and let it earn some interest. My bank doesn't offer any meaningful savings interest rate and I'm not interested in a GIC. Can you please recommend a couple of money market funds or ETFs I could buy through my non-registered iTrade account.

Q: Thoughts on Dominion Lending Centres and Q2 results? Is the dividend safe and is it investable at these price levels?

Q: Hi could you give the latest short positions on the US and Canadian sides
Thanks

Q: I have owned this fund for a number of years for the dividend - now over 13% paid monthly. But I am down over 40% on it. Not good math! It is in a registered account so no benefit of tax loss selling. Do you have a sense of whether it will recover as interest rates stabilize? Is there a risk of a dividend cut? I am not familiar with the companies in it. Now regret buying something I don't understand but it was a recommend on BNN.

Q: Hi 5i, how would you rank these preferred shares for safety and would you consider them all buyable?

Q: This came across my desk today:

"According to research compiled by UNITE HERE, at least $5.8 billion of Brookfield affiliates' office and retail loans are either in default, have been surrendered to lenders, or are at risk of default according to analysts and industry press.

The financial health of Brookfield's commercial real estate holdings may be of particular interest to current or potential policyholders of American National Insurance Group, the Texas-based insurer acquired by Brookfield in 2022. UNITE HERE's research has uncovered over $1 billion in debt instruments that appear to be related to Brookfield's real estate holdings on American National's 2022 sworn Annual Statement. These include bonds issued by three entities related to Brookfield Property Partners (formerly BPY), which Brookfield took private in 2021 after BPY suffered over $2 billion in losses in 2020; and bonds issued by Canary Wharf Group Investment Holdings, the London office complex jointly owned by Brookfield and Qatar's sovereign wealth fund and which had its bond rating downgraded to junk in June 2023 by Moody's. "

Wondered what your thoughts are as it relates to BN.
American National Insurance Group, the Texas-based insurer acquired by Brookfield in 2022. The majority of these investments are listed on American National's sworn annual statement as "unaffiliated," despite being classified in other filings as affiliated investments. The investments were classified as "unaffiliated" after the Texas Department of Insurance (TDI) approved, with certain conditions, a Disclaimer of Affiliation filed by Brookfield Asset Management (NYSE: BAM

Carl

Q: When you quote long term PE ranges where do you acquire this information?

Q: BIPC.TO is down again today and down about 16% in the last month. This drop far exceeds the drop in the other interest senstive stocks. Is there is a reason for such a large drop. Is it a buy or a sell

Q: Earnings not good for TD but fine for RY. Can you explain issues with TD and what you see going forward. It seems RY is cutting costs and this seems to be reflected in results. Is this something TD should be doing also. Would you add to TD at this point?

Q: Pondering selling my position in NGT and replaced it with AEM. NGT's performance in the last 12 moths seems to be below par, relative to their peers and the future does not seem to be very promising. Can you give me a read what has driven the weak performance and if you agree with the switch. Does a small position in gold producers make sense at this stage?
Much appreciated.

Q: Are there signs that this company is turning it around? Any good points that you like? Do you like the area that they are mining in and what they are mining for? Thanks

Q: Is having a nice year. How cheap or expensive is it compared to historical #s

Thx

Q: Based on your previous views “ US regional banks as more of a gamble than an investment at this time” I was looking into the space and of the top ten holdings if each etf and was perplexed that there was no overlap of their selections? Needless to say if you had to create your own etf in this space what would be your top holding and why? Thank you.