Q: Your opinion on IFP.A, CFP, NBD, which would you prefer , additionally, is it too late in the cycle to jump in.
Thanks for the great service you and the team provide.
Thanks for the great service you and the team provide.
You can view 3 more answers this month. Sign up for a free trial for unlimited access.
Investment Q&A
Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.
Q: Mr. Hodson,the consensus recommendation provided by Thomson Reuters for the following oil sands producers is as follows:
SU 1.86, CVE 2.13, CNQ 2.22, IMO 2.67, COS 3.11 (on a scale of 1 to 5, the lower the better)
Does that make sense, and is SU currently the best ? They all have enormous reserves, with no exploration risk. Is there some meaningful advantages to having some synthetic crude (CNQ and 100% for COS)?
SU 1.86, CVE 2.13, CNQ 2.22, IMO 2.67, COS 3.11 (on a scale of 1 to 5, the lower the better)
Does that make sense, and is SU currently the best ? They all have enormous reserves, with no exploration risk. Is there some meaningful advantages to having some synthetic crude (CNQ and 100% for COS)?
Q: Could you please give me your opinion on GXI and their outlook.
Is it worth buying now.
Thank you.
Milan
Is it worth buying now.
Thank you.
Milan
Q: Hi Peter & 5i: Just a suggestion and a few comments on tax loss selling and superficial losses. The suggestion is that something like "strategies of tax loss selling" might be a useful portfolio management blog topic.
The comments are these: If you are worried about the superficial loss rule when selling a stock that is down significantly, think hard about what you might want to do. Imagine you have sold the stock and you now have the proceeds in cash. You can take that money and do whatever you want with it. You can invest in any stock within your discount broker's universe. With that kind of potential at your fingertips, does it really make sense to buy back the same stock that you just sold? What would that decision be based on? Is it any different than your thinking if you had not sold it but were coming to the market with new money?
Second, if you are selling something that is down because an entire sector is down and what you are concerned about is not having exposure to the sector (e.g. golds), in many cases you can pick a different stock from the same sector that is down for the same reasons. There are a number of good gold stocks that have all been trashed this year. If gold goes back to $1800, they will all have blistering upsides, not just the one you might be selling to crystallize the loss.
If I try hard enough I can imagine a situation where I might have a strong conviction that an underperforming stock is just about to turn around (within the next four weeks!) and rocket higher. It pretty much has to involve a significant catalyst event that I am evaluating correctly but that almost everyone else is missing. That is an extremely rare circumstance and not one that usually applies to tax loss candidates. One option of course is not to sell the stock. But investors should probably be wary about being guided by an emotional attachment -- of not wanting to part with a stock that has hurt them "just in case it might go up." If "just in case it might go up" isn't a good enough reason to buy a stock in the first place, it probably isn't a good enough reason to buy it back immediately after selling it for a tax loss.
The comments are these: If you are worried about the superficial loss rule when selling a stock that is down significantly, think hard about what you might want to do. Imagine you have sold the stock and you now have the proceeds in cash. You can take that money and do whatever you want with it. You can invest in any stock within your discount broker's universe. With that kind of potential at your fingertips, does it really make sense to buy back the same stock that you just sold? What would that decision be based on? Is it any different than your thinking if you had not sold it but were coming to the market with new money?
Second, if you are selling something that is down because an entire sector is down and what you are concerned about is not having exposure to the sector (e.g. golds), in many cases you can pick a different stock from the same sector that is down for the same reasons. There are a number of good gold stocks that have all been trashed this year. If gold goes back to $1800, they will all have blistering upsides, not just the one you might be selling to crystallize the loss.
If I try hard enough I can imagine a situation where I might have a strong conviction that an underperforming stock is just about to turn around (within the next four weeks!) and rocket higher. It pretty much has to involve a significant catalyst event that I am evaluating correctly but that almost everyone else is missing. That is an extremely rare circumstance and not one that usually applies to tax loss candidates. One option of course is not to sell the stock. But investors should probably be wary about being guided by an emotional attachment -- of not wanting to part with a stock that has hurt them "just in case it might go up." If "just in case it might go up" isn't a good enough reason to buy a stock in the first place, it probably isn't a good enough reason to buy it back immediately after selling it for a tax loss.
Q: Anything of concern in the significant price drop in Inter Pipeline - IPL - today? Or did it just get ahead of itself?
Q: Thanks for providing such a great service. I would like to get your thoughts on Lonestar West (LSI). I had BAD for quite a while and sold out of that position (at a very nice profit)maybe a little early and am thinking of using some of the profits to purchase LSI.
Q: Hi Peter
I am up 75% on magna ... Should I be taking profit or is there more to go at 84.00?
I also bought winpak at 18.00. ... Is this still a good company to hold .?
I am up 75% on magna ... Should I be taking profit or is there more to go at 84.00?
I also bought winpak at 18.00. ... Is this still a good company to hold .?
Q: I would like a current update on DDD 3 D printing and a comprehensive report if possible Also please explain your comment in the January 19 question response "The short position is 25% of float so if earnings continue to be strong shot covering will also boost stock?
Q: Hi Peter. I am thinking about tax loss selling season which may get underway soon. Could you tell me if the 30 day rule applies if you sell a stock out of your cash account and repurchase it in your RSP or RRIF? Thanks for your help.
Q: Hi 5i Team, I was wondering about your thoughts on the recent trading of Amaya AYA. Price dropping and low vol. Just taking a breath or something more. Thanks as always!
Deb
Deb
Q: Hi, could you give me a quick summary on Twin Butte Energy TBE
Thank you
Thank you
Q: Good Afternoon to all
TD Bank issues step-up notes callable every 6 months by issuer. A new issue October 2013 due October 2018 pays from 2.40 to 3.40 over the period. Considering the current low rates and risks of bond ETF'S would you recommend a small purchase 3% of total portfolio in this issue?
Thanks
TD Bank issues step-up notes callable every 6 months by issuer. A new issue October 2013 due October 2018 pays from 2.40 to 3.40 over the period. Considering the current low rates and risks of bond ETF'S would you recommend a small purchase 3% of total portfolio in this issue?
Thanks
Q: What is your thought on PMI.V
I saw the discussion on BNN and it looks interesting.
I saw the discussion on BNN and it looks interesting.
Q: Do you have an opinion on Toscana Energy Income (TEI)? Is the 11% dividend sustainable? Room for growth at all in the unit price? Thanks a lot.
Q: AFN? You seem high on this company even though it sells at a huge multiple to EPS and cash flow. Cash flow barely covers dividend right now and ROE is a single digit-so, to me, it appears way ahead of the fundamentals. Why would I buy this stock??
Q: Good morning 5i, I was wondering what your thoughts are of Johnson & Johnson (JNJ) as compared to Pfizer (PFE)
Q: Re: Superficial loss rule
I hope you haven't previously answered this question. I scrolled back a long way and couldn't find it. If you have then please just ignore the question.
Can one sidestep the 30 loss rule by selling at a loss in one account (say, a direct trading) but buying back within the 30 days in another account (say, RRSP) or does the rule apply to the individual not the particular accounts? Thanks as always,
Neil
I hope you haven't previously answered this question. I scrolled back a long way and couldn't find it. If you have then please just ignore the question.
Can one sidestep the 30 loss rule by selling at a loss in one account (say, a direct trading) but buying back within the 30 days in another account (say, RRSP) or does the rule apply to the individual not the particular accounts? Thanks as always,
Neil
Q: Good morning,
Thank you for your excellent service.
Could you please comment on MCR and its recent price appreciation and specifically,if you feel with the current valuations one should defer purchase or take an initial position.
Regards,
Brad
Thank you for your excellent service.
Could you please comment on MCR and its recent price appreciation and specifically,if you feel with the current valuations one should defer purchase or take an initial position.
Regards,
Brad
Q: Hi Team, Do you think Whitecap Resoucrces (WCP) still has "legs to run". Technically it looks very good. Appreciate your thoughts. Thanks.
Q: Hi Peter,
How would you suggest playing Ithaca Energy(IAE) after today's excellent drill results on the Stella field? I am up 15% on my holding, over a period of 18 months, but still believe that it is undervalued by 50%. Thank you for your help.
How would you suggest playing Ithaca Energy(IAE) after today's excellent drill results on the Stella field? I am up 15% on my holding, over a period of 18 months, but still believe that it is undervalued by 50%. Thank you for your help.