Investment Q&A

Q: Hello 5i
I have a tax loss that i can claim on bns. But, the problem is that i would like to replace it. Because of its focus on latin america, etc. There is no direct Canadian equivalent. I do hold bac in the US and TD in canada. I do have us cash, if needed. Any suggestions for a place holder, or even a replacement?
Thanks for the good work in these difficult days. It is evident by the comments that it is appreciated.

Q: Hi Peter and Staff

In a recession how will PEO business be effected ? Any debt concerns?

Thanks for all you do
Dennis

Q: On March 6th you mentioned in an answer to question from Dave that Chorus Aviation would be ok to hold if you have the correct time frame. Do you still feel that way? What are the chances of a dividend cut?

Thank you

Paul

Q: Hello 5i Team

The following companies have take over proposals in place:

ACI - offer of $33.50 closing price March 19 of $31.93
NVU.un - offer of $36.25 closing price March 19 of $27.08

Questions are:
1 - what are the likelihood of these transaction to close?
2 - are there other potential opportunities in the market that may be attractive?
3 - the Northview transaction looks attractive, given the distribution was never cut in the 2015/2016 oil downturn (although the share price went down to $16).

Thank you

Q: Hi Peter and Staff

BRP seems to be firing on all cylinders before corona. Assume this virus mess lasts a year - Will Doo survive?

Thanks for all you do
Dennis

Q: Hi Peter and Staff

Do you have any concerns about the PR.C shares getting back to $25

I don’t think they can be redeemed for 4 plus years . Seems to me like a case of “getting paid well to wait”

Thanks for all you do
Dennis

Q: Hi Peter and Staff

It seems to me this stock has been beat up not only too much but more than the market.

Do I understand that even in the crazy oil and gas market , you have no large worries about dividend sustainability?

Thanks for all you do
Dennis

Q: Hi Peter and Staff

If we end up in a longer (say 1-2 year recession) can you provide any comments as to which of the following could suffer more from vacancies or unpaid rent based on their tenants ?

GRT.UN, DIR.UN, SMU.UN

Thanks for all you do
Dennis

Q: Hi Peter and Staff

PKI has been beaten up by market more than TSX - A couple of days ago you ranked it 4th or 5th of 5 options given .

Should we consider it unfairly ravaged or does it deserve it ?

Thanks for all you do
Dennis

Q: Hi Peter and Staff

If we end up in a longer (say 1-2 year recession) can you provide any comments as to which of the following could suffer most or least from vacancies or unpaid rent based on their tenants ?

FCR.UN, SRU.UN,NWH.UN,HR.UN and REI.UN

I guess I am also asking which one (s) appear to have been beaten up too much in relation to the others and why

Thanks for all you do
Dennis

Q: I know very little about bonds and most ad advisers suggest some bonds for a 73 year old like me. Is this a good time to add bonds to a RRIF? If so, what bonds or bond funds do you recommend?
Thank you for your service.
Don

Q: AI dropped more than 10% today on a rare day when the market finish d higher. Do you know what might have caused this? I can can find no good reason for the decline.

Don

Q: I am thinking that the Cdn dollar is going to go down further. Is there any way stock or index or instrument I can buy that will protect my Canadian funds from falling. Thanks

Q: MIC is down about 50% which seem a bit excessive... I've held them for a long time and loved the Brookfield bump, the recent special divs. Would appreciate your thoughts before I double down. It would probably be safer to just buy one of the big banks but they haven't dropped 50%...I saw in the question archives that you ranked it "ok" as a high risk high yield option. 2 days ago.

Q: I currently don't have either of these companies in my portfolio and need to add to my industrial sector. Both are related to the aviation industry. Which of these do you see as being a better long term hold and why? Do you have any concerns around the sustainability of either? Any debt concerns. I do like the much higher income potential with EIF, but don't wish to be short sighted either. Your feedback is appreciated. Thanks!

Q: So during the Trump impeachment hearings, I got nervous and I pulled my $500,000 pension out of my Blackrock mutual funds and stuck the cash in a money market account. Pure luck on my part but I figure I need to take advantage of this crash and reinvest. My organization's pension fund is through Sun Life. My question is, would you put this in the Canadian Mutual fund (blue chip Canadian stuff) or the US Black rock fund (again blue chip US companies).....OR....European focused. I am debating. The TSX has been pummeled and seems like a good choice. What percentages would you follow? Any advice?

Q: Dear 5i
I'm always a little confused as to which companies are CDN hedged and which are not . Just because it's listed on the TSX doesn't` always mean that it is hedged I'm guessing . I'm also assuming that it looks like the CDN dollar is going to be weak compared to the US dollar for awhile .That being said which of the ETF`s listed above are CDN hedged and is it wise to have a balance of hedged and unhedged anyways ?
Typically you expect share prices to rise as earnings increase . With the state of the economy ie covid19 it is likely that earnings will be lower for the next couple quarters at least so there are few expectations for higher earnings from most companies .Given this , would you expect the market to rebound higher even before there are rising earnings simply on the anticipation that higher earnings will eventually happen once covid19 is proven to be under control , or do you think we would actually have to wait for increased earnings to occur before we would see any meaningful bounce in the markets ?
Please deduct points appropriately .
Thanks
Bill

Q: Hello
Thank you for your timely reply to my question.
The link to “past crashes” didn’t go to the correct page. Could you resend it with the correct link.
Thank you
Dave

Q: I own some of this at around 85 cents. I am shocked (but pleased) that this stock has really held up during this market carnage. Any change in sentiment from you folks? Any idea why it has such staying power?

Q: Larry Berman noted money market levels are approaching highs witnessed after the 2008 crash creating a backlog of buying power, but He also noted that only when that is combined with a vix of about 40 ( currently around 70) will the market give a sign it is likely to turn around. He cautioned any big rebounds now are not a sign the market is turning for the better, we need the vix to come down first. Does this seem logical?