Investment Q&A

Q: In your company reports, in the company report card summary you quote a value for 5 YR ROE. Please clarify if this is the average yearly ROE calculated over a 5 yr. period. If indeed this is an average I would suggest you add additional info as a single average number is next to useless. Ideally, the latest individual values for the past 5 years should be stated or, less at least the average with the min and max value.
Happy New Year to all,
Steve

Q: hello 5i:
I'm currently slightly underweight financials and would like to add to a small holding of FSZ. I've read your reply to a question in December (FSZ vs CF),and am slightly puzzled by the response. FSZ currently trades at a PE of 13.7 vs a normal PE of 21.5 and a cash flow of 15.4 vs a normal of 24.5. This appears, to me, to be much more upside than CF offers. Do I have my figures right? Do you consider FSZ a buy at the moment, or should I be looking to add to positions in BNS, or other areas of the financials that show more opportunity?
thanks
Paul L

Q: Hi.... More of a comment than a question.
Eit.un recently redeemed 20 percent of the units I tendered to their annual voluntary redemption offer. The redemption price per unit exceeded the current market price by $1.45 per share. 20% of $1.45 is 29 cents. The annual Mer on this fund is approximately 25 cents per unit per year.
As a result owners of Eit.un who tender and then re purchase the tendered units get the fund services for free. Cool, eh?

Q: On January 2nd you stated the cumulative contribution limit on a TFSA was $36,500. What am I missing, my calculation puts it at $26,500??
Ed

Q: I realize this is a bit of a wide open question but if you were to recommend 3 Canadian high-growth potential stocks for inclusion in a TFSA account what would be your top picks? Thanks in advance.

Q: Was wondering your thoughts on the greater potential growth TD or C, I know hey are different types of banks but was wondering your thoughts on growth thanks

Q: Most analysts warn that you should never hold leveraged ETF's long term. But I see some very large annual returns that are very close to the "three times" the return of the underlying ETF. Is there anything wrong with setting aside 10% of one's portfolio to try to supersize returns in sectors of high conviction. I am thinking of FAS (financials), TECL (technology) and CURE (healthcare).

Q: I note that VUS appears to use derivatives to underpin its investments. Given the role played by derivatives in the 2008 debacle, how safe is this ETF?

Q: Hi Everyone and Happy New Year to All
I am hoping you can help with an analysis of CSU.My broker shows expected earnings for 2015 of $15.09 although that is up from 14.89 60 days ago.Is this what you are expecting? Also I am wondering what cash flow number you expect.
Is cash flow a better figure to look at here? I notice they record Goodwill and Intangibles separately but only amortize Intangibles?
Would a declining Euro have much impact on their numbers?
Many thanks
Mike

Q: I have held on to this stock in order to take the gain in 2015. There was some talk around the time the takeover was announced about an extraordinary dividend upon closing. Do you have any news or information about this? Should I sell or hold on until closing?

Jim

Q: I wish to invest in Canadian non durable consumer goods as I think Consumer money saved from lower gas prices will go there.
Which one is better CCL, WPK, RPI.UN or GIL, sh I follow your rating?

Art

Q: On the above mentioned ETF's, which are supposed to pay a dividend monthly, these ones did not pay anything in December. It appears that they will pay in early January. Will I expect two payments in January then? How can an ETF quote that they pay monthly when they do not. This could impact investors who depend on fixed income. Thanks for your response.

Q: Would you please provide an updated opinion on MM? In Oct. 2013 you expressed serious reservations concerning MM - has your view changed? Thanks!

Q: Hi peter I recently read a "research report" citing the wrong dividend yield for COS. At the current price of $10 and change and the annual yield at 80 cents annually the yield is around 7.5% give or take a basis point or two. I mention this because at these levels a yield in this range is sustainable even at oil $52/barrel. Do you agree? Do you see another quick leg down for oil prices only to spring back up to the magical prices area just below where most shale producers are still losing money (65). Thanks.

Q: Happy New Year..
I have been conservative in my TFSA. Was thinking of selling SLF, BMO, and CM. All up 30 to 50%. Taking on more risk/potential growth..SGY, ARE, RRX,DHX.B and MND. They seem beat up and I have plenty of time and do not need the cash. Not being greedy, just thinking I'm not using the TFSA to its full potential.Can you comment and add two or three other suggestions?
Thanks
Paul

Q: could you please recommend one or more etfs that would target US banks in Canadian fund. Do you think it is a good move having limited exposure to the above.
as always thanks
yossi

Q: Happy New Year. I have a 30 stock portfolio that is equal weighted. One of the position is BPF.UN. I have concerns that Boston Pizza will face headwinds this year given 103 out of 358 stores are located in Alberta and that part of the Canadian economy will taking it on the chin due to lower oil prices. Is this a concern? If you held this would you continue to hold? many thanks.

Q: Hi and Happy New Year
Would you lease recommend a Technology ETF as well ans a US large cap ETF for my TFSA. Thanks for helping me to finish 2014 in great shape.
Guy R

Q: Not a question, but a comment. I thought Ryan did a great interview on BNN yesterday!

Q: Hi Peter, Regarding the closing of acquisition of Pioneer Energy:

"Parkland announces that its 2015 guidance of $235 million to $265 million in EBITDA will be reduced due to this delayed closing. Parkland's 2015 guidance will be updated once the consents and approvals have been obtained, and the anticipated closing date for the Acquisition is determined. Parkland does not expect the annualized EBITDA of the Acquisition of approximately $55 million to be affected by this delayed closing."

What are your thoughts on this? How would this affect the stock price? I own it @ 21.50....if affected negatively, would it be a good idea to sell and repurchase at a lower price?

Thank you! and I wish you, your team and all the members a Healthy, Happy and Prosperous New Year!!