Investment Q&A

Q: I note in your reply to Mark today you say that COLD is expensive; the question from an investment standpoint is how expensive are they? It seems that earnings expectations are all over the place for fiscal '19 and '20. First Call seems to expect over $1 in '20, TR 0.67, while PE ratios presented are anything between almost 300 and 130, which doesn't compute, and on top of that should COLD be evaluated as a REIT AFFO or other criteria or as an ordinary industrial equity? I also note that COLD has failed to meet earnings expectations for the past four consecutive quarters.

Taking into account actual earnings and volume growth could you please fill in some of these gaps and provide a basis for reasoned evaluation of this company's share pricing. The price run down in recent days could provide an attractive entry into an enterprise which appears to have significant prospects because of industry needs as well as fragmentation. Thank you.

Q: The company reported 3rd quarter earnings today and they seem to have beaten estimates. They also increased the dividend by 10%. I think if this stock was not in the oil and gas sector it would be trading much higher. It looks like it is worth owning.

Q: Hi there, now that it's been a few days since the Q results, would you take a new position in Badger or would you wait to see how the price continues to settle into next week? Usually how long is a good "cooling off" period between a sell off and when the price settles in?

Thanks!

Q: I have a question about Brookfield Asset Management (on the TSX).

There was an earlier question from another person that suggested keeping BAM.A in Registered Accounts as to avoid some very complicated tax filings on its dividend. Can you shed some light on this: Is the dividend an Eligible Dividend under Canadian Tax rules or is it sometimes a combination of various return of capital or ineligible dividends? Also does it pay the dividends in US dollars? It's not very clear from their website. Thanks

Q: More a comment than a question, I just read your answer to a question asked by David. My understanding of Sangoma current cash and debt position is the following : on July 16, 2019, Sangoma closed a short-form bought deal prospectus offering of 14,846,500 common shares, at a price of $1.55 per common share for aggregate gross proceeds of $23,012,075. As of June 30, 2019, Sangoma had $11,724,000 in cash, therefore, it is fair to say that on July 16 Sangoma had ±$34,700,000 in cash ($23,012,075 + $11,724,000).

Following the acquisition of VoIP Innovations, Sangoma has drawn approximately C$46 million from a credit line provided by BMO and TD. Approximately CDN$22 million will be used to pay off all existing debt and around CDN$24 million to fund this acquisition. Since the acquisition is for US36,000,000 or ±CDN$48,000,000, Sangoma will withdraw CDN$24,000,000 from its cash reserve leaving approximately CDN$10,7000,000 in cash and will be have a debt of CDN$46 million.

Q: Please comment on Carbonite acq.

Q: Hi,

I own both these funds. Both are held in a TFSA, and I am looking for "total return". I was thinking of selling one and adding to the other.

1. Is there a lot of overlap between the 2 ETF's? (I noticed on some trading days, they sometimes have a negative co-relation).

2. If you were sell one and add to the other, which would you sell? Or would you simply keep both "as is".

Thanks,

Craig

Q: My grandson is 21, he has just opened a TD trading account. He will have $12000 to invest now . And he expects to contribute about Seven to two thousand this year. Can you recommend two or three investments to start with. Thank you . Chuck

Q: Hi,
Watching China lately and wondering if it might be a good time to start a position in a related ETF such as those mentioned above. Are these good choices, or are there better ones out there? I believe ASHR is an index sort of ETF, whereas the KWEB is focused on the internet? Maybe there are other, better ETF's? I don't fully understand fundamentals, nor can I suggest I've anything but a rudimentary sort of grasp on the world economic situation - that's your department! I just see some technical signals that might infer these are improving. Looking forward to your comments and as always, much appreciate all your hard work!
Thanks,
Dawn

Q: Further clarification of my question re bond holdings in portfolio. md stable income fund is a segregated group annuity insurance policy holding 50% insurance and 30% short term bonds. I would like to decrease my weighting to 10% or switch to another short term fund as 20% plus cash holdings is hurting my returns. What percentage do you feel of a moderate rrif should be short term bond? Thanks once again for your opinion
Tom

Q: Comments on Chartwell's latest quarter please. It appears to be a 2020 story, which probably means late 2020 and into 2021 before the occupancy numbers start to improve. For those of us who hold CSH, what do you advise...buy more, hold as is or move on to something else? What are your plans for CSH within the income portfolio...you already have a 4.5% allocation...will you be topping it up or are you at your maximum allocation.

Thanks...Steve

Q: What would you consider good alternatives to XTR (iShares diversified monthly income ETF) that Do Not use return of capital in their distributions?

Thank You
Frank

Q: Hi,
I am keeping an eye on Stuart Olsen for a possible tax loss selling trade. Would you step in here or perhaps a bit lower in anticipation of a dead cat bounce?

Thanks

Q: The Income Portfolio annualized return indicates 4.93% since inception.

Does this number include dividend yield or just stock value improvement?

Q: Hi Guys,

Can I please get your opinion of True North REIT and today's announcement.

Thanks

Dave

Q: Your thoughts on qtly results?

Q: How do you view their Quarter? Does this new bought deal make them a good buy below $7?

Q: results and opinion

Q: I’m struggling to decide which 3 of these holdings have the greatest potential if the only criteria was growth in a TFSA for a 5 year + hold.
I would appreciate any thoughts on which 3 you might keep and why (or which 3 you might divest and why).

Q: At this stage, would you recommend that I sell my Canfor shares, or hold off a bit longer, in case the Pattison bid is sweetened? I'm about break-even on these shares. Thanks.