Investment Q&A

Q: I am looking for good bond ETFs. Your comments on CLF, XSB, XBB and FTB. Given a possible interest rate increase I have leaned toward short exposure.

Q: I need to add to consumer discretionary, which companies are you recommending now?

Q: Interesting swing in TEAM this morning. It started very strong and then plunged almost 10%.
Although expensive, still worth investing in the long term?

Q: Would you switch TRP for PKI or AQN

Q: Hi 5i,
I own both companies, thinking of selling one. Which one would you keep for bigger growth, management ,and 3 year term hold.
Thank you

Q: Csiq. canadian solar. nice recovery. just getting a little better than even in a registered account, would you switch for a US dividend paying stock. or there is there more wind to the solar. apreciate your point of view.

Q: I just noticed from reading the question of a subscriber that you have sold SPB in your portfolio. I have not received any notification with respect to this although in the past I was receiving regularly updates with respect to your portfolio adjustments.
Can you please add me to your list so that I can receive regular updates?
Can you also provide some rationale as to why you sold SPB?
Thanks

Q: Can you please identify if any 5i stocks in your 3 portfolios are "zombies" as defined by the following quote from Cresat:

" Crescat calculates that about 80 percent of Canadian non-financial stocks have been cash-flow negative in the past 12 months, which he measures as cash flow from operations minus capital expenditures.

That may be inflated by the the large numbers of “zombie” companies on Canadian stock exchanges, which the Organisation for Economic Co-operation and Development defines as those 10 years and older and whose earnings aren’t high enough to cover interest payments on their debts. In a September study, Deloitte found 16 percent of public companies on the Toronto Stock Exchange and its sister Venture Exchange are considered zombies, compared with 10 percent globally.
Costa said even if he excludes energy and materials stocks, 70 percent of Canadian stocks have still lost money on a free cash-flow basis. If you consider only non-financial stocks with a market value of more than $100 million, the share is still more than 50 percent, he said."

Q: Hi Team
BBU.un has been dropping from $58.53 In NOV to 44.39 to date. Its below the 50 and 200 day MVA. cross over.I would like to know the weakness in this company. Will this stock ever going to recover. Should I sell or hold?

Q: I am currently down 82% on this stock. I am in a Growth Portfolio. I have diversified across all sectors and geographies. I am considering selling and then investing proceeds in one of the following: XWD, CEF, or VGG.

Do you see any future growth potential for ACQ? If not, which of the 3 options would you suggest I invest in for growth.

Thanks for your continued assistance.

Q: I’m thinking of setting up two RIFF accounts (for my wife and I) with approximately 10 excellent dividend-growing companies (in each account) that have a good track record of growing their dividends, that provide diversity across most of the sectors and that would be able to provide most of the dividend income needed to meet the required annual minimum withdrawal from the RIFF's. Along with these dividend companies, I was thinking of adding a couple of ETF’s to add some foreign exposure (say, 25%). In addition to the income which the RIFF’s would provide, I also receive income from a defined benefit plan, CPP & OAS. I would like your opinion on whether this idea makes sense? Also, what companies, along with some ETF’s for foreign exposure, would you recommend? Deduct as many points as you deem necessary. Thanks!
Jake

Q: ..with Husky pulling the plug on MEG how would you rank these companies as possible targets, or are there any others you think are attractive. thanks.

Q: Hi, A few blocks of shares changed hands in the morning at @ $12.76, 55000 and 22200, in a cross thro' Jones Trading Co. Do you think, these could be institutions repositioning ? Thanks

Q: Good morning,

I am struggling with the recommendation to sell WCP at current levels in exchange for Suncor.

Consensus ratings for WCP: 18 buys/1 hold.
12M target price: $8.68, or ~ 86% return from current levels.

Consensus ratings for SU: 23 buys/6 holds.
12M target price: $53.65, or ~ 26% return from current levels.

Suncor is a great company – no doubt. And I get that the recommendation does tie in nicely with upgrading to a "higher grade" energy play. But just wondering that when energy does turn if makes sense to continue to have exposure to the lower cap, higher beta WCP. I just really hate to sell here.

Q: Acknowledging that US stocks are not your specialty, but can you offer an opinion on Go Daddy?
Thanks as always

Q: What is your outlook for WPK? Would you be a buyer at current levels?

Q: If I read the news correctly Husky took up from tendered shares 50% of those outstanding at their bid price some $3 above todays price, and subsequent turnover is over 60 million. Assuming Huskey was a competent offeror an that the tendered shares were paid for what is to stop them acquiring the majority of the balance at todays much reduced price in the open market and would that be a competent and allowed strategy?

Q: Could you advise what the cash positions are in both Income and Balanced portfolios after the changes made in your January 16th notification.
Will you be making additional sales/purchases in the near future in either of these portfolios or in the Growth portfolio.
Thank you .

Q: Is this a good time to add to my TFII holding?

Q: Some market chatter from MT Newswires found on TD. It says: 'Crescat Capital sees the Canadian economy heading for recession as the housing market buckles. "That might be bad enough for the banks but they face an added strain: outside the financial sector, more than 80% of Canadian companies aren't generating enough cash to support their businesses, the highest in the world," according to Crescat.
"Canadian banks will be left holding the bag and the ones to suffer from what is likely to be a major economic recession," Tavi Costa, a global macro analyst at Denver-based Crescat, said by phone.'

I was wondering about these 2 issues they raised, especially about the lack of cash.

Thanks in advance for your views.