Investment Q&A

Q: Peter and Team,

I've owned Constellation Software since the model portfolio was created and have done well with it... very happy, great pick!

Reading their quarterly results, it seems like they are firing on all cylinders still - cash is up, debt was reduced, they grew both by acquisition and organically, earnings per share are up - things look good and the company still seems like 'A' quality.

Am I missing anything?

Q: Is it better to sell agrium now with the recent jump in the stock price or wait for further news? Many thanks

Q: My word what a jump ... is it time to trim back?? Do we stick with the 5% rule (weighting) or ride this pony further? TY.

Q: What is your view of the earnings and stock reaction ? is this still a reasonable hold ?

Q: Hi guys,

Is there a place where I can find reliable financial information on all Canadian and U.S. companies. For example, type in a ticker symbol and access recent quarterly results for the last few years, P/E ratios, forward P/E, etc. I don't mind paying for the service if the information is reliable.

Thanks a lot!
Jason

Q: Hi Peter I am looking at putting this company in my portfolio next month if its still in yours. Globe and Mail puts it in utility sector. Do you? Only wondering as I wonder which sector in my portfolio to do a trade to add SPB
Thanks again

Q: Hi Peter,

BTO, Goldcorp among others, were decimated this morning. I have been holding approximately a 10% weighting, in a diversified portfolio. Sell? Hold? What is your advice?

Thank you,
Gail

Q: AltaGas is made up of 3 business segments (power, gas and utilities). In terms of asset allocation sectors (Finance, Utilities, Consumer, Industrial, Resources), it is a hybrid of Utilities and Resources. I currently split it 70% utilities and 30% resources.

Your thoughts?
Steve

Q: Byd.un always seems to be reported as negative EPS. Is this just a temporary thing? Should we not expect a prosperous company to report positive EPS?

What other measure should we look at to gauge the quality of the company?
Thanks

Q: Regarding asset allocation and REITs, I know you consider them to be almost a separate asset class. Most advisories I receive have them in the Finance sector; one has them in the Manufacturing and Industrial sector. I own Sentry REIT Fund and TCN. I currently split them 50% Finance and 50% Industrial. Your thoughts on the allocation split?

Also, my REIT exposure is 8% of my total portfolio, including equities, fixed income and cash. It is 12% of my equity-only holdings. I am a retired income investor. Is this REIT exposure appropriate?

Thanks for your help.
Steve

Thanks, Steve

Q: Hi Team
I am going to buy a little Teck for longer term hold. The last questions you had were in early October when the price was north of $20 - now it is sub $18. What price would you put on your blue ticket?
Thanks Jim

Q: In a taxable account with significant gains for the year, I am sitting on a 13% loss with WSP and 10% loss with ET. I could buy RRSP's to negate some of the tax issues on my gains, or sell one or both of my stocks underwater - with intentions of buying them back after 30 days. I'd appreciate 5i's thoughts?

John

Q: I have a fairly well diversified portfolio however I could use some more healthcare sector exposure. I have been looking at Cipher, Knight, Concordia and Merus to initiate a small position in my TFSA. I am interested in mainly growth and have expect to hold it 3-5 years at this point in time. From your past responses, I'm guessing you like Concordia the best but it seems fairly expensive to me. Which one would you prefer or is there another I should consider.
Like everyone else, I really appreciate the service you provide.

Q: May I have your assessment on these two stocks please.

Q: With the lower oil prices how is the sustainability of their dividend given their high yield ?

Q: Hi Peter & 5i Team,

In your answer to Paul on Oct 28 regarding energy stocks, you wrote
"... we think you could silo them into (light,heavy,tar), (Nat Gas), (service/drillers)... We think you could cover all of the areas with 6 names ".

Could you please recommend your favourite 6 energy sector names for a GROWTH investor for the above 3 silos.

Thanks in advance

Francis

Q: In the materials sector I currently hold Goldcorp (G), Yamana (YRI), and Silver Wheaton (SLW). I am considerably down on all three as they are all hitting new lows today. Yamana has been getting hit particularly hard lately and is off more than 65% from where I bought it. My weighting in the sector which initially began as a comfortable 7% has been reduced to about 4%. I know you recommend that everyone hold a little gold in their portfolio as insurance, and you seem to be positive on these three names, but this insurance has turned out to be very costly. Can you comment on today’s results from Goldcorp and Yamana and how you view these companies going forward. I realize that the whole sector is down but some of their problems seem to be company specific. Would you recommend taking advantage of recent weakness in any of these names to bring my weighting back up?
Steven

Q: given the reduced quarterly dividend, what is your view on this company at this price (~$5/share)?

Q: What are your thoughts on purchasing Baytex at this time. Is the dividend safe?

Thanks
Bill

Q: Hi Guys any comments on BTE results Stan