Investment Q&A

Q: Power Financial has merged with Power Corporation. The dividend is over 8% and just recently raised before this covid virus. But when they were two companies, combined the dividend would be much higher for two companies so do you think they would still cut the dividend?
I know they haven't created much value over the years but now being a merged company, do you see more upside? I know you prefer Sunlife. I just think Power Corporation has more divisions they could spin off once this downturn is over. Do you agree?

Q: Hi Everyone at 5i! I hold HR, and have ridden it up and now down. It’s dividend is 17%. Should I just hold it, or add to it? How stable do you think the dividend is? Cheers, Tamara

Q: Like everyone else I have been hammered in the oil sector.
Would it be prudent to sell off GEI, IPL, and KEY, take the capital loss and funnel all the remaining funds into a company like SU, which do doubt will survive this crisis and now with a nice dividend yield?
Has SU ever cut their dividend and how safe do you think it is even in this environment?

Is their another company you might prefer over SU, (other then ENB, RNW & BEP.UN) which I have as well?
Would you sell all of the three above or hold on to one of them maybe?
Deduct points as you deem appropriate.
Thanks
Jeff

Q: if this relief rally continues tomorrow does it make sense to trim some good stocks if I like liquidity

Q: Some of my holdings eg gc plc mg doo
appear r weak in the recovrey phase eso if my time frame is say 18 months.
if I like to reduce my holding by one or two hich one would you suggest

Q: If possible can you kindly comment on PennantPark Investment Corporation.
What caught my attention was significant insider buying in the last 6 weeks.
In addition I was impressed with today's notice to shareholder press release.
nasdaq.com shows a 31% dividend payable Apr. 1. Is that correct ?
Thank-you

Q: Hello 5i Team !
I received today a Management Information Circular of the TSGI and Flutter Entertainment PLC all-share combination and Notice of the special meeting. My worry is if I keep my shares in TSGI, I will receive 0.2253 of a Flutter share for each Common Share I hold at the time of completion of the deal. If I want to sell my new Flutter Entertainment shares in the future, which trade on the London Stock exchange, it would cost 125 $ and up to sell these 135 shares. Should I sell my TSGI shares before the closure of the deal and buy a similar company such a Great Canadian Gaming (GC-T) or which ever company you might recommend ?

Stay safe and thank you for your sound advise.

Elaine

Q: Hi 5iResearch Team,
Any reasons why RTX dropped so much right after the merger was completed.
Cheers,

Q: What do you think of today’s press release regarding further share dilation? Do you think they might have a big acquisition up their sleeve? They had 23 M in cash at Jan 20 and now they are doubling their cash balance. It’s frustrating to see stock issued at such a low price considering a little over a month ago the stock was $10.
The company appears to be consistent with their dilution. Is this someone that we should consider with regards to selling?
Any thoughts or how you view this as someone who has been in the business a while would be great. Thank you.

Q: You have recommended buying into the market slowly over several months, perhaps small cumulative positions in individual favorites, or a diversified etf. I'm wondering how many earnings shocks we will see that may offer an opportunity to 'jump in' to an individual position. Are you expecting such opportunities to arise or do you think recent lows have already baked in those expectations. An example might be Goose, which has been hammered and looks attractive, but could it get worse when it reports.
Thank you for guiding us through the storm and helping quell the emotional turbulence of an individual investor.
Peter.

Q: Is this company healthy enough to add to for a 3 year term? Thx J

Q: Hi, was thinking of selling one or both of the above and buy XIU for more diversity and long term hold. Would you be ok with this move at this time , and which one would you sell, or sell both?
Thanks

Q: Further to Clayton's excellent question on LSPD, I would to point out their web page with "COVID-19 resources for restaurants & retailers". It is quite impressive. https://www.lightspeedhq.com/covid-19/

Q: Hi 5i Team - From my reading of answers to previous questions it seems that Parex Resources is pretty much the best company to own if you want exposure to oil and gas, since it has a very strong balance sheet. My question regards insider ownership and recent selling. According to INK there has been net selling of $70 million with the ownership by directors having fallen off sharply, although the holdings of the CEO, CFO and other officers has remained quite steady. Issuer holdings have recently dropped from 20 million shares to 0. First of all could you comment on the accuracy of these figures since you may have a different source than I do and certainly a better understanding of what the figures mean. Secondly is there anything to be read into all of this. Also could you explain the drop of 20 million issuer shares - and is the company buying back shares. Any guidance you could give me would be greatly appreciated. Thanks and all the best to all of you.

Q: Good morning,
This past week, I've been reviewing each holding in my Non Registered account to identify suitable tax loss harvesting candidates. Before selling any of these tax loss harvesting candidates, I must identify the best proxy replacement.
One my tax loss harvest candidates is XDV which I've held for many years now but like so may other stocks and ETFs these days, is now quite underwater. Although I still like XDV as a core holding and it pains me to sell it, I'm looking at selling XDV and purchasing CDZ as a proxy. Your thoughts on this tentative plan would be appreciated along with any other proxy that you would consider more appropriate. Thank you.
Francesco

Q: What does the latest news release mean for PKI?

Q: Hi team
I have the RBC monthly income fund, ranked as 4 star by morning star
how does it compare to XTR in a non-registered account for some income and
growth is secondary thanks

I also have a P H & N monthly income fund and could not find the symbol
if you can compared the 3 to hold for income and some secondary growth
it would be appreciated
thanks
Michael

Q: I am beginning to swing trade ETFs. Which do feel more closely mirrors the SPY since one cannot buy the SPX? Feel free to mention others I may have excluded but should be considered.
Putting aside any tax implications or type of account (ie: registered vs non-registered)
Considering the state of the C$ and the price of oil, it would seem more logical to go unhedged , what are your thoughts?

Q: Not a question - a clarification as I don't think the distribution/dividend level has been fully explained. Before the split I was in contact with BIP.UN IR to clarify the distribution level and was informed that the distribution level would be identical for both BIP.UN and BIPC but will be at 90% of the BIP.UN distribution rate prior to the split. This ensures that the total distribution for the 2 holdings are equivalent to the pre-split amount. Here is the wording from the prospectus.

"Further, immediately following completion of the special distribution, the
distribution level on the units will be reduced to nine-tenths (9/10ths) of the pre-closing distribution level as a result of the one (1) for nine (9) special distribution, and the dividend level on the class A shares will be identical to the post-closing unit distribution level, with the result that the aggregate distribution received by a holder on its units and class A shares will be the same as it would have received if the special distribution had not been made."

Hope this is useful for everyone out there who now holds BIP.UN and BIPC.

Q: POW has now fallen to a price giving a similar yield to ENB, around 8%. For a senior living on dividend income, which of the two has the safer dividend for a long term hold? You have tended to favour SLF in the insurance/financial space, so would you still recommend SLF over POW for dividend safety and growth, despite its lower yield? If you don't like any of these three stocks, what's your top Canadian pick for a senior looking for a decent safe yield, with some potential for long term growth?