Investment Q&A

Q: Similar to Dave I am having trouble assessing the value of Aimia and specifically assessing expected tax impacts of the sale of Aeroplan. Aimia's largest shareholder (Mittleman Brothers LLC) issued a statement supporting the recent offer - however, in this statement it notes expected taxes on the sale should be minimal - can you please confirm this?
The statement also notes that their "sum of the parts" valuation for Aimia is C$7.50 per share. This is based on a "full valuation" for PLM Premier - however, even discounting that to the recent offer received the valuation is closer to C$5 per share. Also no value is being assigned to potential tax losses that could be carried forward.
What is driving the substantial discount in the share price? Does 5i have a view on what the "fair value" of Aimia is based on the revised Aeroplan offer?

Q: Hello -
Is TSGI suitable for an RESP, or is there too much risk with the stock? For what it is worth, my two grand daughters are still over a decade away from withdrawing any funds from this account.
Thanks.

Q: Our worst performing investment is CIX, which we've held for several years, that's currently 40% below book (inc. of dividends). It represents 1% of our investments, 3% of our equities. The charts seem to indicate it's falling even faster in recent times. Your advice please.

Q: Hi- looking for your comparison of the two - thinking of dumping ATD
for PKI. Like better yield and growth coming from PKI. Thoughts?

Q: Hi 5i,

For diversification I would like to buy Bidvest Group. They are located in south Africa and own a lot of Companies, can you help me form an opinion on them.

Bidvest Group Ltd
OTC Pink - Current Information:BDVSY

Q: Is Goldcorp still worth holding. What is your present opinion on this stock? Thanks.

Q: My question is on VIVO. It's a rebrand from former Abcann Global and apparently your system has not yet updated so I couldn't put it into the box above. Just wondering if you have any further insights in regard to this stock. I recognize that it is just one more entry in a large field of cannabis "wannabees". They suggest on their website that they have some proprietary technology in regard to cannabis production that might give them an advantage but I'm not sure how much credence to put in this claim. Generally, please give your opinion on VIVO currently in regard to valuation, management and forward guidance, to the extent that you are able. Also, do they have any free cash flow at the moment and what is their debt level like. Thanks.

Q: I have been seeing more questions on TH recently and see no reason not to begin a modest position but I wanted to compare it to two companies you have endorsed and which I own. Do you see more or less upside in TH vs RHT and COV? Could you rank these three according to growth potential and risk? To clarify, please rank 123 based on which have the most upside and 123 based on which are risky from least to most. Deduct credits as you see fit.

Thanks!

Q: ESRX:Q is going to be acquired by CI:N by Dec 2018 and holder of ESRX will receive $48.75 in cash and 0.243 shares of CI. In my case I will be receiving less than 25 shares. Hence I like to sell ESRX:Q before conversion and want to invest in some other US health stock. Should I keep odd number of CI:N or you have some better alternative in US health sector? I own ESRX:Q and BAX:N in Healthcare sector.

Q: Hi team, Just curious on your take for a 2-3 year hold for exposure to driverless tech sector.Concerns? Thanks in advance , Mike

Q: It has been often suggested that an easy way to create a portfolio is to select the top 2 highest market cap stocks in each sector on the TSX and
hold them. What is your opinion of the performance of such a portfolio? Joe

Q: For Canadian dividend investing, this article is an amazing piece of work and a superb reference.
https://www.dividendgrowthinvestingandretirement.com/2018/08/canadian-sectors-industries-dividend-paying-dividend-growth-stocks-specific-stocks/

Q: I sold all my Kinaxis last week for considerable capital gain - Thank you. Should I re-enter now or wait in the expectation of lower prices? Rick.

Q: I am getting old and grumpy and often ask myself why didn't I have the good sense to just buy 40% XIU and 60% VFV, and spend the rest of my time playing golf, tennis or whatever interest I might have had. It seems to me that is very difficult to do better than the indexes. Do the 5I portfolios beat the indexes? Thanks, Grumpy Bill

Q: Your thoughts on Tilray today and looking into the future?
Would you buy a small position today?
Thank you so much!

Q: What the expectations for DWS quarter?

Q: Peter and His Wonder Team
KOSS is a USA company. It is spiking on high volume! Any news on the wire? Thanks!

Q: Your thoughts on CMP please
It’s on the Nasdaq

Q: Good morning
Over the next few months I would like to invest in a long-term portfolio [10 years] of 10 Canadian and 10 USD stocks/ ETFs/ Funds based on Growth at a Reasonable Price [not interest]. I have reviewed your answers about stocks characterized as "forever" well-diversified", "top growth pick", "5 year top growth", "top US most growth" "most long-term potential" - maybe that is closest.
From these answers I tried to cull the list, but would like your confirmation.
Financials: I am leaning to TD vs BNS - Long-term results, mgt, US; BAM, VISA, and have added SYF [both Buffet and Seth Klarman own]
Industrials: CNR, ITA ETF, CCL and maybe BBU [but currently overvalued];
Consumer Defensive: PBH;
Consumer Cyclical: AMZN, TD Enternment & Communications, TSGI, MG [wait];
Technology: CSU, KXS, ARKW ETF, MSFT, SNPS?, GIB-A
Health: COV, ISRG,
Global: IJR or Mawer Global Sm-Cap
CYB or Edgepoint Global Portfolio

I have no doubt missed a few or priorities have changed.
Thank you,
Sam

P.S. I should have added "capital allocators" to my criteria for a 10 CAD + CAD USD L/T portfolio question.
Thx

Sam

Q: I have been holding WCP (-35%) (4% of Corp Port. and 2% of total holdings) and SGY (-40%) (6% of Corp Port. and 3% of total holdings) since 2015.
These are in an unregistered corporate account so a capital loss can be carried forward. I am going to either sell both holdings outright and purchase VET.
Or trim each of WCP and SGY by half and use the proceeds to purchase a smaller position in VET and end up with all three holdings.
The negatives I see with the first option would be increased concentration risk (2 holdings for 1) and I would expect that WCP and SGY would outperform VET if the price of oil continues to increase long term. Your thoughts please?