Investment Q&A

Q: Hello 5i,

Good morning. I'm looking to add to positions primarily within the small cap/growth porfolio. What companies does your research suggest are great buying opportunities right now? My investment objective is to maximize returns over 20+ years and I'm looking for your 8 highest conviction names primarily within the growth portfolio (or balanced portfolio if there is a particularly great opportunity)

I'm not interested in a diversified list, but rather what 8 names present the best risk/return metrics over the long term with attractive entry points right now. I already own Stantec and Home Capital Group as core holdings and have no problem holding stocks that have under-performed provided the fundamentals are still intact. Thank you!

Q: I am a retired, conservative dividend income investor, with a well diversified portfolio of stocks, ETFs and mutual funds (AD, AQN, ALA, BCE, BNS, CGX, CPG, RY, SLF, WCP, WEF, WSP, XIT, ZLB, RBC Cdn Eq Inc, Sentry Cdn Inc, Sentry REIT, Insured Annuities, Fisgard Capital).

I currently have just under 5% invested in health care, primarily in TD Health Sciences, with some in Alaris Royalty's group of companies.

Question # 1 = what percent of my overall portfolio would you recommend for health care?

I have been waiting to top-up TD Health, which has just retreated to its 200 mda. Is the momentum of the health care sector waning, is it nearing the end of its seasonally strong period, or is it reacting to the Hilary Clinton comments, thereby creating a great buying opportunity? Bottom line = is now the time to top-up TDB?

Thanks for your help,
Steve

Q: Hi there, I caught a segment on BNN a few days ago in which Bill Harris mentioned that his company had bought LIF.UN and explained why he thought it was a good buy. Would you please review this company and give us your opinion.
Thanks!

Q: Hi Gang
For someone that has no exposure to biotech and in view of the sector down swing. Where would I take an aprox. 3.5% position
today ?

Thanks much.

Q: i view myself as a fairly seasoned investor, but concordia has me stumped, they are raising money at 86.50 a share, supposedly the issue is 2 times oversubscribed.
so the stock opened down friday am and proceeded to go down 22 points before rebounding and closing down 12. my question is why would anyone participate in the share issue when they could buy the stock at a massive discount on friday or even this monday-- makes no sense. i did buy more myself when cxr was down 18 but the whole experience as peter would say is wonki, was it hedge funds in u.s. sitting on cxr on friday-- i think so and certainly hilary did not help.dave

Q: In the future as the debt is significantly paid down they would become a cash cow. If so do think they would then pay a dividend and if so could you project when.

Q: good morning

Back in Febuary, I bought DML for 1.13 a share, thinking it was't a bad deal because it's 52 week low was 1.02. Now if this merger goes though Denison will do a 2 for 1 share consolidation, and fission shareholders will get 1.26 shares of Denison for 1 share of fission. Should I be selling my denison and buying Fission shares to save my capital?

Q: An area that I find difficult in investing is when to sell. Just a suggestion but would make for a very interesting subject for a blog.

Q: Could I please have your thoughts on the new Questrade Etf's QMV and QTI. Qmv seems to hold basically the IWS index whereas the QRI holds over a hundred individual companies. Given that these are relatively new ETF's, I'm somewhat unsure given the market caps/costs.

Thank you as always for the great service

David

Q: I have been sitting on the sidelines for a few months and have only dabbled in the market since March/April. Im glad I held off. I think I would like to get in now.But have no problem waiting if that is prudent. I have done this before and missed a few opportunities.
I am looking for a 3 year Horizon - maybe up to 5 years as a stretch.
How would I deploy funds in todays market between the portfolios you have helped us with to balance risk. Im hoping for a 12 to 15% return overall.
How would I time it. I was thinking a controlled plan to invest over the next months to average the risk in a volatile market. I was also curious about your thoughts of a cash percent to keep some gunpowder dry for opportunities.
Thanks for your help

Q: Do you have any idea who could be selling 4.7 million CXR shares today in the US market? Given an average daily trading volume of 10k shares, this looks much beyond a response to biotech/pharma weakness. According to the Sept 8 press release, it looks like Cinven would have a lock-up on their 8.5M shares. Is it possible the underwriters were selling today just to exit their position on the new offering? Thanks.

Q: 1:49 PM 9/26/2015
Hello Peter
I want to diversify my portfolio into the Industrial, Healthcare[REIT], Telecom, and Consumer sectors. My portfolio is designed to give steady reliable dividend income as we are both retired.

Currently I have :

Industrials - nothing
Healthcare [REIT] - CSH.UN [3.4%]
Telecom - BCE [4.9%], T [2.0%]
Consumer - CSW-A [3.2% ], NWC [2.6% ], RPI-UN [0.74% ], AW-UN [2.4% ], DHX-B [1.7% ].

I am trying to find companies in these 4 sectors that have the Size, Stability, Dividend Yields over 4%, and Safety, as nearly comparable to the big Canadian Banks as possible, but I am having a hard time finding additional companies. Do I just add to the ones I already own? What would you suggest.

Also what percent sector allocations are reasonable for these sectors for a permanent Seniors' Income Portfolio?

Thank you..... Paul K

Q: I am holding vsn, but has been loosing value. What is opinion of holding this for dividend and possible approving of Jordan Cove

Q: I have a small lump sum to invest, 3-4% of portfolio value (well balanced). Ignoring any other considerations, which of these ETF's in order of preference would you recommend for growth with medium+ risk? Canadian large cap, Canadian small/medium cap, U.S. Large cap, U.S. medium cap, World ex. U.S.

Thanks Guys (enjoy the weekend)

Q: This is Bill Ackman's hedge fund. The returns look very interesting, but I can't access any research reports, including even consensus numbers. What are your thoughts about this company and do you have any consensus numbers to share? Also, can you think of any negative tax consequences that may occur from owning this stock?

Thanks

Q: Hi 5i Team!
Looking for an update on WSP Global...
After several acquisitions in the past 18 months, can you tell me what their debt to equity is like?
Do you have any insight into how the integrations are going? What is your view of management?
Thanks so much!

Q: Would you be able to give your forecast on the state of the US debt and what might happen in December when they will be deciding to raise the debt ceiling. How much will it affect the currency exchange rate and also the Feds decision to probably raise rates will be around the same time. Or in other words do I hold tight on my US holdings or take my profits over the next month or so and reinvest after their decision?
Thank You
Jeremy

Q: I need to shift more of my Canadian equities into US equities for proper diversification. Based on your many years of investing experience, how long do you think it will take for the US/Canadian dollar spread to narrow? Thanks!

Q: I have 5 different ETF that are hedged to the Canadian dollar. As I understand you prefer not to hedge especially when the Canadian dollar is falling. Would it be better to sell these ETF and invest in ETF's that are not hedge?
Thanks

Q: David Bassov asserted that AYA's entry into NJ would happen in Q3. That timing is now down to the wire. How do you think it will affect the stock if approval doesn't occur by then? What would this result do to DB's reputation? And finally, do you think there is still chance for approval?