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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: Are there any small to mid-cap companies that have been beaten up over the past year that you really like the longer term outlook for?

Thanks
Read Answer Asked by Dustin on March 13, 2023
Q: I noticed something in your answer to a question asked by Dan (not me) on Mar 10th about AutoCanada (ACQ). You said that ACQ has $1.9 billion of debt and that it was a major concern. Looking at their financial statements and the press release pertaining to the quarterly report, I think some clarification is in order. In the press release, ACQ states that their net indebtedness is $443.8 million at year end, and that, quote:

"our net indebtedness leverage ratio1 of 2.1x remained well below our target range at the end of Q4 2022".

Quite a substantial difference between their number and the $1.9 billion you mention. Looking at the financial statements, the difference comes from your number including the floorplan financing of approx $1 billion, which is something dealerships use to finance their inventory and is paid back as cars sell, and leases of approx $500 million.

Management seems to feel their debt levels are OK. Wondering if your comment that the debt is a "major concern" is somewhat overstating things.
Read Answer Asked by Dan on March 13, 2023
Q: Wondering why National Bank seems to have better momentum than the other banks like TD even though you recently added TD to one of the portfolios, I believe around $88. BNS has also been a laggard over the years. What is it that prompted you to add TD over NA and would you support selling BNS, TD, or CM to enter NA or RY? It seems like NA and RY seem to have better momentum than the other banks. What would be the risks with this move?
Read Answer Asked by Neil on March 13, 2023
Q: Hello Peter,

How would you trade the collapse of SVB? Banks and Financial companies are taking a hit. Is it time to buy? If yes, what would you prefer- BAC,MS, BX? Or none of the above.
Do you think there is a contagion risk here?
Regards.
Rajiv
Read Answer Asked by Rajiv on March 13, 2023
Q: Am retired and looking for regular income from dividend paying stocks.
Is there such a thing as a EFT that holds only dividend producing stocks that then pays out the dividends on a regular basis? If so can you suggest any?
Read Answer Asked by Warren on March 13, 2023
Q: Good morning. I am underweight Materials and Industrials and want to add to my holdings in those sectors. I considering adding some or all of the above as new positions to my RRIF. Do you consider it is a good time to be adding these companies to my portfolio or do you have other suggestions in the Material and Industrial sector that you consider better to purchase at this time. Please take as many credits as you consider appropriate.
Thanks for your great advise.
Read Answer Asked by Peter on March 13, 2023
Q: Hello Peter,
Is greenlane going to be another Xebec? I am puzzled that companies in this space can't seem to turn a profit. What do you think of Costco and United Health for long term hold? thanks very much.
Read Answer Asked by umedali on March 13, 2023
Q: Peter, if you were initiating or adding to positions in your TFSA, which 2-3 Canadian Companies would you be picking for maximum returns (top picks)?

Thank you
Read Answer Asked by Carmen on March 13, 2023
Q: Hello 5i Research
I would like to initiate a position in mawer bond fund . I currently own most of their other funds , what are your thoughts or should I add to mawer Canadian balance fund that holds about 30 % bonds .
Thanks
Read Answer Asked by claudio on March 13, 2023
Q: what companies are involved in natural gas ?
Read Answer Asked by philip on March 13, 2023
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