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Investment Q&A

Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.

Q: How do you feel about the current valuation of Biosyent? They announced yesterday that they have signed a new agreement for distribution of a cardiovascular drug that they expect will add $20M to annual revenue over time (2015 FY rev was $15.39M). Assuming they can do what they say (which they have done well at in the past) do you think the share price is reasonable? This company seems to operate with great margins and is growing with free cash flow. They have $0 in debt
Read Answer Asked by Michael on May 27, 2016
Q: This is an answer to Paul who had $500K US and wanted to exchange to CAD.

I think your example was great (It would be considered Norberts Gambit?) in the original Norberts Gambit I believe it's suggested to just buy a US Dollar tracking ETF?

That aside - I worked at CIBC as a Financial Service Rep for a while and when I had clients with large sums of US or CAD that needed to be converted I could call our traders and book the best rate possible for clients (I could haggle with them) - usually this would mean I could get as much (or more) as a whole percentage difference as the bank typically charges a two percent fee. I would recommend he calling Cal-Forex or some other trader, getting a quote on the BEST rate, then calling his bank and asking if they can match it (or beat it), or he will go to the other provider (bluff if you want) - the bank should comply...

just my 2 cents, the safest, easiest way would be to just have his bank exchange it - but personally I prefer your suggestion.
Read Answer Asked by Jim on May 27, 2016
Q: I am not sure if this question should be asked in the forum or here.

I have a little more than $500,000 US in a Canadian bank US$ account that I would like to convert to Canadian dollars. What is the cheapest/easiest way to this? I know there are on line brokerages that do this but I am a little queasy about handling a transaction of this size through cyber space. Does one bank have a better reputation for foreign currency transactions than another or are they all priced the same?

Appreciate any advice you can provide.

Paul F.
Read Answer Asked by Paul on May 26, 2016