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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: Questrade made a mess with the BAM split in our accounts.
Just to confirm:
(1) 100 shares of BAM.A.US bought at $32USD, after the split, I should end up with 25 shares of BAM:US at $29.50 and 100 shares of BN:US at $32
(2) 100 shares of BAM.A.CA bought $51CAD, after the split, I should end up with 25 BAM:CA at $39.65 and 100 BN shares at $51CAD.
Is the BAM:US initial valuation of $29.50USD and BAM:CA at $39.65CAD correct?
Thanks!
Read Answer Asked by Grant on January 16, 2023
Q: Last week Horizons issued press release indicating they were suspending new subscriptions after reaching approx. $US 775 million in assets.
The release says that “ during a period of suspended subscriptions , the Manager expects the shares of HSUV.U to trade at a premium to its NAV per share . While new subscriptions are suspended , Horizons ETFs is strongly discouraging investors from purchasing shares of HSUV. U “ .
As of today , the price and NAV are within a few cents of each other.
How should this press release be interpreted ?
Is it just a formality ?
Or should you be listening when Company issues a caution on its own product ?
Thanks.
Read Answer Asked by William on January 16, 2023
Q: I refer to 'Ds' question today

To say that everything Prem Watsa touches is 'horrid', as an opinion I suppose, is fair ball, but to state that his busines tactics are 'unethical' is touching on libel. You did counter the horrid comment with reference to 'last year' but the 'unethical' behaviour was left dangling.

This one slipped through I suspect. Please clarify.
_____________________________________________________

Also, as an aside, I do like (randomly) to keep saying that Prem Watsa's business tactics are unethical and by extension everything he touches (FFH etc) is also horrid. Spread the word far and wide.
Asked by D on January 13, 2023
5I RESEARCH ANSWER:
We would be comfortable with CIX for income and some growth for a three year hold. It is of course highly tied to capital markets, and is up 11% this year with the market showing some steadiness for a change. At 5X earnings it is about as cheap as they get. We can suggest DND or TBLA for a little bit more action with risks much higher. Noted on FFH, though the stock was a massive outperformer last year.
Read Answer Asked by Steve on January 16, 2023
Q: What are your top dividend payer picks for our tfsas this year?
Thanks
Read Answer Asked by John on January 13, 2023
Q: Can you please help me understand what you mean when you say that investing in a US company on the NEO exchange here "offers you a currency hedge in addition to being able to buy smaller pieces of the underlying stock". (I am paraphrasing here). For example if you bought GOOG on the US exchange today and the US dollar stengthened, the value of those shares in CND funds would be higher. Similarly, if you bought GOOG on the NEO exchange and the US dollar strenghtened wouldn't the value of those shares also increase by the same amount in CND dollars otherwise there would be an arbitage opporuntity there?? If there is indeed a hedge I assume that is something you are paying for through fees? Does the hedge help you when the US dollar goes down and hurt you when the US dollar goes up? I am interested in understanding how that works,

Many Thanks
Scott
Read Answer Asked by Scott on January 13, 2023
Q: 1. What are your thoughts on Carlyle Secured Lending - CGBD ?
- I found this company by accident and was intrigued...
- I have a small position in an RRSP account
- Should I increase position or move on

2. Alimentation Couche Tarde - ATD
- I have a good position and have a gain of 40%+
- Going into this year of uncertainty, would you suggest Trim, Hold or Buy ?

3. Brookfield
- I am currently holding Brookfield via BN and BAM(spinoff)
- Should I increase my position in One or Both ?
- OR Sell One to buy more of the other ?

Wishing good health, happiness and prosperity to all for 2023!
Thanks,
M
Read Answer Asked by michael on January 13, 2023
Q: These stocks make up the Financial portion of my portfolio. I would like to concentrate my holdings (just because you have suggested it in the past). V and FSZ are each approximately 1.5% of my portfolio and the others are each around 2.5%.

I am considering selling FSZ and V in order to buy more of the remaining stocks. Would you endorse this move or given the different types of companies represented should I just stay the course? Capital gains would be owing on V and I tend to hold for the long term.

Appreciate your insight.

Paul F.
Read Answer Asked by Paul on January 13, 2023
Q: Brookfield Asset Management (BAM) said Monday it plans to commence a normal course issuer bid to purchase up to 31.8 million of its class A limited voting shares, representing about 10% of the public float.

Can you tell me how many shares are outstanding. Can you also tell me how such a reduction in the public float might impact the dividends paid out to shareholders over time (e.g. direct correlation)? Could this be the type of company that might annually try to reduce its float 10% to drive its own stock price re-rating? Lastly, is it common for a new company/spin off such as this one to start buying back its own shares?
Read Answer Asked by Justin on January 13, 2023
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