Investment Q&A

Q: Hi 5i, On many occasions you have indicated that you like to watch earnings and interest rates when it comes to your view on where the overall market might be heading. Could I please have your updated market view based on what we have seen from Q2 earnings season and the Fed comments of Wednesday.
Thanks Rob

Q: Peter; With the CPP apparently backstopping TOG, as per their last issue, would you consider the 7.5% yield a floor on the dividend? Thanks. Rod

Q: Hi, Just wondering your thoughts on Quebecor earnings release? TD has it as an Action List buy and looking for some exposure in telecom space.

Q: Hi- what do you think of Chesswoood? Results looked good again.
Thanks

Q: Peter -any current thoughts on AIG AT THESE LEVELS??KIM

Q: I currently own a half position in TCK.B

We have seen this before in the materials sector and with Teck specifically. At what point would it not make sense to raise this to a full position? I am in for the long haul here and not a worried investor. I really don't see this company going bankrupt. When the sector turns I think it will do well. Diverse portfolio weighted more in the tech sector currently. Thoughts?

Q: Hi 5i,

Could you provide your opinion on FCR's latest quarter earnings report. Is it still a decent hold in a RRSP dividend focused portfolio given the current interest rate environment?

Thanks for your insights!
Angelo

Q: Hello team, Your view please on GIL's earnings.
Thank you!

Q: Hi Gents,

I have sold my house and moved to a new city. I am renting to start. Can you please advise how to invest the proceeds from the house sale for one year or so.

I would like some sort of capital appreciation but also want relatively decent protection. I think I might want to put some in to the U.S. market as well as the Canadian market.

Perhaps a selection of stocks from the income portfolio and/or etfs?

Or if I wanted to be really conservative, what would be the best money market type vehicle?

Thanks, Chris

Q: Can I get your comment on the earnings? I noticed this was a 45 dollar stock in the past. What made it difference back then and now? Thanks for your feedback.

Q: With selling FM last week at a loss, my TFSA is less than the $41,000.00 I have put into it. I must be doing something wrong. Most of us have 3 Canadian Accounts ... TFSA, RSP, and Regular /( Income in my case ) . How should one approach these regarding 1.risk , 2. dividends , 3. bluechip or other factors ... I think I am doing something wrong. My Regular account is OK, my TFSA is down and my RSP , meantime , is flying high with tech stocks and increasing my future RRIF tax liability . ᴴᴱᴸᴾ

Q: What date would you expect the overhang from the share issue to clear up? thx

Q: Hi Peter and Staff
Small positions in OTC,ESL,GIB, DSG and Kinaxis
Long term which one would you add to and why
Thanks for all you do
Dennis

Q: I liked the article you posted, The Truth About 99.3% of All ETFs. Given the contents of this article, would that make 5i review their recommendations for certain ETFs or have those factors already been considered?

In my portfolio are a few ETFs and even before I read this article I was pondering shedding them and moving into the stocks themselves.

Thanks for you response,
Ron

Q: Just read a moody's review of Amaya https://www.moodys.com/research/Moodys-affirms-Amayas-B1-first-lien-debt-rating-including-proposed--PR_331259. What is your view of the $550 million contingent payment, will they be able to pay this off with cash or will they have to raise equity?

Q: Peter and Team,

Have you seen this video from today on BNN? http://www.bnn.ca/Video/player.aspx?vid=669530

The discussion regarding Home Capital is sobering and I am curious if you have research that supports or refutes the guest's views?

Q: I use a discount broker and if I buy an interlisted stock, say BlackBerry, on the TSX why can I not sell that same stock on the NASDAQ?

Q: Peter & Team, I took a half position in advance of the quarter report in light of chart strength and 5i's B+ rating. From the conference call, I can see a mis-step or two that are quarter specific, but I liked the positive growth. Would you add the other half here on this 8% pull back or have I missed this growth story and best to sell and move on? Is this still B+ rated and is the growth story still intact?
Thank you. Keith

Q: Do you buy more comdev at 5.15 where it is right now, i think some revenue is in u. s. Dollars which helps, backlog is good, ipo postponed.i own 20000 shares but love to overweight in these kinds of situations. Dave

Q: Thank you for your quick reply and opinion today. The question concerned ZRE but the answer refers to XRE so I am wondering if you would consider XRE ( Market cap 1.24B) a 'better' purchase than ZRE at this time? Perhaps XRE is a typo in the answer?

If the ETf was closed out what would happen re: payment to share holders?

Zre only has a market cap of 364.5M - If XRE was a typo then I expect that you consider the size of ZRE is not a concern?

As a relatively new investor I appreciate the education you provide.

Again, thank you so much


July 31, 2015 (asked by Len)

Question: I have been adding to my holdings in the Income Portfolio and with the cost/share down I was considering ZRE at this time. In looking at the BMO site (http://www.etfs.bmo.com/bmo-etfs/distribution?fundId=80001 ) I note the following statement under 'distributions' -

" The distributions will either be paid in cash or reinvested in the BMO ETF at the discretion of the manager."

I am wondering your thoughts on how likely it might be that one would not get a cash distribution? If owning individual REITs could this be the case as well? Do you recommend buying ZRE at this time? We are looking for income.

Thank you ever so much for your insights.

5i Research Answer:
Each REIT would be different, but generally for non-ETFs shareholder approval would be required to get paid in units. ETFs do not require a unitholder vote on many items (including closing a fund). We would not consider it very likely that XRE would pay distributions in more units, and has not to date. Dividends coming in are fairly secure and the fund is large enough to avoid most cash liquidity issues. For diversied REIT exposure and income we would still consider it a decent buy.