Investment Q&A

Q: Hi, I want to build a position in the new lumine for long term growth but for that I will have to sell other positions to raise capital, what would you sell between lightspeed, spin masters, saputo or haivision ? Thanks

Q: Hi guys,

On the basis of the strength of your recco on ECN I purchased ECN.DB.A for my RRIF.

It has been steadily falling to todays price of $74.

I bought it at par and frankly am nervous about the CV to maturity.

Can you take a look at it for me and tell me if you feel it is safe to hold to maturity? If not why and what do you reccomend?

Thanks

Sheldon

Q: We all agree it is very positive when insiders buy shares. But I found it mean not too much when it is done by a newly appointed director. As far as you are aware, do they receive remuneration up front conditional of such purchase or similar gimmick?

Q: Since CSU pays its dividend in USD, to avoid currency exchange fees I hold CSU on the US side as CNSWF. When it spun off Lumine, the new shares showed up in my US account as LMGIF with a BV of $.02
- the spin out is listed as a "dividend in kind", does that mean there is no tax due until I sell the lumine shares at which time all proceeds (since BV of $.02) are taxed as capital gains?
- I can not see LMGIF on any of my trading platforms. What is the difference between LMGIF and LMN?
- given that Lumine does not pay a US dividend is there any reason for me to continue to hold it on the US side?

Thanks
Scott

Q: 1. When CSU spun out TOI, it was considered a “mini European CSU”. What would consider the recent spinout of LMN i.e., a “mini xxxxx CSU”? If applicable.

2. I am thinking of unloading LSPD from my RRSP at a significant loss. Where would you suggest the funds go? I am thinking either SHOP or LMN or is that just setting up a double whammy? if yes, alternatives please.

Thanks as usual.

Q: The x dividend date for CIBC is today March 27 and today I sold my shares. Will I still get this quarterly dividend?

Thanks
John

Q: Hi . Bloomberg today (28/3) reports that Cdn banks are pushing for a boost to deposit insurance. Does this mean they want to reduce the risk is of being unable to cover the 100k limit or do they want a higher limit? How do you interpret this move by the banks? Thank you for sharing you much appreciated insights.

Q: I have been reading some articles and it says to get out of Shopify and buy Shutterstock it has better growth than Shopify? What are your thoughts on this. I bought Shopify for $54.00.

Q: Hi 5i,
what are your thoughts on NVDA CAD hedged in a TFSA? Long term hold. Much more affordable in CAN $.
Thanks.

Q: I currently hold 2 preferreds in my RSP, BEP and CPX, both with a floor yield. While I have no compelling reason to sell either (both are up between 5-10% based on my purchase price and disregarding dividends), I note that ZPR has a slightly higher yield and would be much easier to sell should I want to. What do you see as the pros and cons of selling the 2 individual preferreds and replacing with ZPR? Assuming (?) that rates have somewhat stabilized and are probably more likely to decrease long term rather than go higher, how would this affect the price of ZPR? Does the price of ZPR react more to interest rates or the overall market direction?
My objective here is more income-oriented that capital gains.

Thank-you, Grant

Q: i have a small holding going lower. Should i cash it and sy buy lmn or toi

Q: As a follow-up to Adams question on March 27 if you had to pick one REIT only from Canada or the US with good upside what would that reit be —-considering fundamentals and valuation
Thank you

Q: What are the chances of the deal going through and would you sell at the current price

Q: In a balanced RIF account. Looking for consistent yield and some appreciation. What do you think about swapping out BLV for JEPI? Totally different co's I know but..with a possible Fed pause and likely interest rate reversals in the next year or so, will this give BLV a boost, and maybe worth keeping

Q: Hi Peter and 5i,

Here is your answer to the last question on ECN.PR.C. November 2022.

"Yes; while it is a small company we are comfortable with its credit risk, and the dividend was re-set in June for the next five years. Note the shares can still fluctuate and decline if rates rise or investors worry about the company, but the dividend should be stable and fine."

Do you still feel the same way about this Preferred given the current circumstances of the company?

Thank you for your valuable service.

Cheers

Q: Hi, it feels like general tune has changed on ECN. Based on previous questions regarding ECN, it was highly ranked by 5i and most recently as a top 3 small cap growth stock recommendation based on potential and valuation, and management per question raised on Mar 21st. After the latest earnings reporting on Mar 23rd, it has fallen 25% since. Are potential, management and valuation (25% cheaper than Mar 21st) no longer a recommendation to buy, but rather to only hold? Would like to understand the thought process behind this if this and if this is a short term momentum recommendation, rather than a long-term recommendation. As well, were general headwinds not expected on recession and higher interest rates? I understand that magnitude was more than expected but likely temporary? Thanks!

Q: I am wondering what is your opinion of this company after the results released late today.

Thx

Q: I understand that, on its ex-dividend date, a dividend-paying stock will likely decline in proportion to the value of the payout. Knowing that, can one do anything to avoid getting caught in a rush-to-the-exits? For example, while WFC declined by $3 (that is, by the payout value) on the ex-dividend date, it continued to decline (by an additional $2.50) over the following two days (it has since recovered.)

In this connection: where the exchange supports trading outside of regular trading hours, does the 'ex-dividend date' still align with the regular open?

Q: The BPO pref shares, in my view, are trading at levels that indicate serious concern over credit risk.
A question put to you on Jan 30, 2023 was with respect to who held the liability for the BPO pre shares (the questioner was asking about BPO.PR.G specifically). You replied:
“While BPO is a separate legal entity, its preferred shares are under the obligation of BN.”
However, a similar question was posed Mar 20, 2023 with respect to BPO.PR.P and you seemed to reply that the obligation on those BPO pref shares was with something called Brookfield Property Preferred LP.
Forgive me if I have mischaracterized your answers, this is a bit confusing to me. It seems to be a very big difference though.
I am assuming that the Preferred LP is some sort of subsidiary?
If so, that would make the BPO prefs MUCH more risky, in my opinion.
I note that the Financial Post reported in Feb 2023 that yet another Brookfield subsidiary (Brookfield DTLA] has defaulted on loans on two major office towers in downtown Los Angeles. The loan amounts are staggering, by the way.
Can you please clarify all this?

Q: On Market Call today it was stated that a turnaround is now happening at Baylin. Would you agree with this and do the fundamentals warrant it a buy. Thanks.