Investment Q&A

Q: This is a portfolio management question. I help manage my retired sister’s stock portfolio; it consists of 36 generally high-quality companies, with focus on Canadian dividend-paying stocks (as she benefits from favourable taxation of eligible dividends); the portfolio has done very well over the years (thanks to advice from 5i); the philosophy is generally "buy-and-hold" with minimal turnover. Portfolio breakdown is roughly 60% Canadian (many with U.S./international focus, e.g., TD, RBI, TRI, etc.), 30% US, 10% foreign. All 36 stock holdings are 2.0-5.0% positions (median weight, 2.7%), except Aritzia (ATZ), which due to declining share price is down to only 1.4% weight. My question is: what to do with a stock like Aritzia? the portfolio management style would be to add to this position, given that it is fallen a lot, and the expectation is that it will recover, and potentially do quite well, in the long-term. On the other hand, there is a risk of continuing bad performance, and one doesn’t want to add good money after bad (the ATZ cost base is already near the median for the 36-stock portfolio). So, from a portfolio management perspective, how would you handle such a stock that has fallen quite a bit below the 2.0-5.0% target weighting of the rest of the portfolio. (Further, it doesn’t pay a dividend, either.)

Ted

Q: Hi team,

May we have your opinion on the Q?

Thanks

Q: Could I have your thoughts on Q2 earnings.
Lower prices per tonne received for their commodity, lower net earnings, but Geismar 3 is 90% complete. Which way is a shareholder to feel about all of this?

Q: Hello 5i Team
Thank you for your everyday ongoing learning in every questions I read.
I would like to get your opinion on the earning release today in Mainstreet stock.
Thanks

Q: Peter; I read the earnings, forecasts etc - looked good- what doesn’t the street like to dump it? Thanks
Rod

Q: I want to buy both of these stocks. Should they go in my Registered or Non Registered accoun and why.

Thank you. Ian

Q: From Google on the difference between BIP.C and BIP.UN
The key difference between is that BIPC's dividend qualifies for the Canadian dividend tax credit, whereas BIP. UN's distribution consists largely of foreign dividend and interest income, Canadian interest and return of capital
Which one is better to keep in an unregistered account (taxwise)?

Q: I am planning to start a 1-3 year position in one of these two companies. Which company has the best upside.

Thank-you.

Q: Looking at BRK.B or UNH to add to a TFSA for a minimum 5 year hold. Any preference?

Q: What would be a good entry price point on this stock and what would be a pound the table buy price?
I am looking to start building a position for long term based on brands owned/div they pay/ new management as of Nov. 2022. i am hoping Mr. Doyle can add value and innovation as he did with Dominos years ago.

Q: I am interested in your opinion of FOBI and their prospects. Could you also comment on the number of Short positions ?

Q: ENGH continues to drift lower. It has missed earning estimates the last two months. Are earnings lumpy for this company or are there more fundamental factors at work? How is its balance sheet? Also, some months back the company was looking for strategic alternatives. Is this not usually a red flag?

Q: Hi 5i Guys,
According to Morningstar, AX.UN has 0-Sells, 4-Holds and 1-Buy.

Div is very attractive at 8.37%. In your opinion, is it safe?

There was some thought that it might be bought because it's 'cheap'. Anything happening on this front that you know about?

Do you think AX.UN is a Buy/Sell/Hold. If it's as Sell what would be a good candidate to replace it?

Thanks as always for your thoughts.

Q: Your opinion on this fund, now 64 millions ? Thanks.

Q: My question is really about CSI300....which is looks undervalued compared to S&P...why so undervalued and what top 10 large cap Chinese companies ( maybe a EFT?) should i be buying if and when a rebound occurs?

Q: Hi All of these are down over 4% even though earnings look ok. Am I missing something? are any of them sells or buy more?

Q: Is the potential capital gain on ZBK workable with a 3 year hold. How long would you suggest to build a position with dollar cost averaging? Thank you

Q: Should I purchase ESRT as a recovery. When you go to New York you have to go to top of empire State Building a tourist destination. I understand a 90 % occupancy now Is it prestige address RAK

Q: MBGYY

Looks cheap. Number of wealthy people in the World is increasing. Will they buy a Mercedes is the key. Your thoughts please RAK

Q: I see some analysts anticipating LB still has 25-40% upside from here. What do you anticipate the outcome of the strategic review to be? Do you see any regulatory hurdles from Quebec or elsewhere in an acquisition.