Investment Q&A

Q: I recently interviewed a broker and I asked him what stocks he would recommend to buy tomorrow. He recommended ARX, BNS, DH, SU, WTE.

All of these stocks strike me as great recommendations in 2012 and are too expensive to buy now.

What is your view? Thanks.

Q: Can you comment on why you chose Whitecap for the model portfolio over your other top picks in the sector -Tourmaline and Surge specifically? Thanks

Q: This is a follow up question on Blackstone. Is it true that some private equity clients are trying to do deals themselves, reducing the need for services provided by companies like BX. Thank you.

Q: it seems to be gaining a little strength, am kind of around my projection, is there a reason to anticipate this stock you further achieve after what has all gone on
thanks

Q: Hi Peter,

I've had a friend (new investor) ask me to suggest a few books to help him learn about investing and the markets. I've seen similar questions asked on here before, but can't seem to find them. Can you repost a previous answer?

Thanks for all you do,
Mike

Q: I cannot access the model portfolio in PDF. It dow not show up in latest reports only in excel and I do not have excel. Thanks.

Q: what is your opinion of tph bringing their management in house ?

Q: Further to the general talk of a market correction, would it be prudent to sell the ETF positions in the Income Portfolio and hold cash for a few months, to see if a correction takes hold?

Q: Hi 5i,

I was excited to see the new report on WSP but then got a bit worried when I saw the overall rating. A B- rating is only one above noninvestment grade from your previous comments. I was very surprised especially because in the past you seemed to have put STN and WSP comparable. Was it the recent acquisitions that is the main concern or was there something else that pulled it down?

Thanks!

Q: Hi Peter and Team:
I contribute my TFSA account in a monthly basis. so far I have $3500 cash. can you please recommend one or two stock with good growth. this is for about 5 years holding.
Thank you so much
Adriana

Q: SPS.A seems like an interesting prospect at the right price, I was wondering if you could clarify how much insider ownership there is and what your overall take on the company's outlook? Thank you.

Q: Can I please have your opinion on Black Stone BX on NYSE. Is it a buy, hold or sell. Thank you.

Q: If/when interest rates rise, should one be getting out of this ETF?

Please forgive the naivety of this question, but I hear analysts blathering on at great length about the need to "get out" of bonds as the economy improves and it leaves me at a loss on how to deal with this in my portfolio.

I realize this is in your Income portfolio for its attractive yield, but was wondering if the forecasted interest rate rise does indeed begin soon, does the thesis of holding this for its yield still remain valid? Would not the falling market price then negate its dividend yield?

Q: Do we know when the Carfinco deal will be closing?
Would like to receive Special dividend, but also would like to have cash to deploy as the market pulls back. Any timeframe?

Q: Hi team
Shareholders voted by 70 percent to approve the two share classifications as of Oct 6 There will be DHX.A for Variable Voting Shares (original shares owned by non-Canadians) and DHX.B for Common Voting shares ( original shares owned by Canadians) I am Canadian so my shares will be converted to DHX.B
What impact do you think this will have on the market price and volume of DHX.B shares?
Since their stated intent is to attract foreign investors who obviously can only buy DHX.A . How can this possibly be good for my share value? or am I missing something?
Thanks
Kathy

Q: Today, Reuters (Mike Dolan) published a piece "Financial Market Storm Brewing.." and the last paras stated:

"If investors are surprised by financial storm, it won't be because they weren't warned. Financial watchdogs have been waving a red flag about overstretched markets for the past year and stressed concerns again this month.

"There are increased signs of complacency in financial markets, in part reflecting search for yield amidst exceptionally accommodative monetary policies," the Bank governor Mark Carney said last week, citing conclusions of the G20's Financial Stability Board which he chairs.

"Volatility has become compressed and asset valuations stretched across a growing number of markets, increasing the risk of a sharp reversal."

Particularly because of Mark Carney's comments, this caught my attention. Any thoughts on how this might play out?

Q: Och Ziff (OZM.us) has been plunging in recent weeks, and got beaten up a lot more this week. Markets appear to have been priced in the litigation risks OZM faces: class action suits; corruption charges; and misdemeanors in southern Africa). I have checked some financial sites, including key news sources in London and Frankfurt.

I have some OZM in an RSP . It was selected as a 2014 pick in January by Sabrient. Sabrient and its affiliate Gradient Analytics are generally good, notwithstanding they got this one wrong.

With the price drop in OZM , its dividend yield now screens sky high. Industry wags (T-Reuters, Research Team, Value Engine and 2 analyst houses I looked) still rate OZM as a buy.

OZM price and now looks too good to be true. One gets an uneasy feeling about it, but I don’t see any new info that wasn’t already in the public domain a month ago.

If you are able to comment on OZM, I would appreciate it very much.

Dr Adam Okhai
New York

Q: This is more a general question that a company specific one. Tax loss selling has been mentioned a lot recently and while I know what it is,I don't know how (if?) I can it to my advantage, as I have only had registered money up until now.

From the conversations, it would appear that we should expect a lot of selling around stocks that have fallen quite a bit - AVO, BDI, BAD to name a few. I am down on these stocks too but I am committed to hanging on for several months yet. But is there a value in selling them to realize a loss and buy them back in 31 days as there is little likelihood they will rise in that short time or is that too much like gambling on market timing?

Also, it seems that this activity occurs in the late fall. Why? You can claim the loss at any point in the year so why does it seem to concentrate then?

Finally, if all this selling is expected to occur, is there a way to take advantage of it?

Thanks for the education. If this is not the correct forum to answer this, perhaps you could direct me to where I could learn about this "phenomenon'.

Paul F.

Q: Hi guys, just like to hear your analysis of ADW.A and if you could speak to the risks associated with some of the dependence the company has on LCBO / Gov't of Ontario support through policies. I am looking at the non-voting shares as a portfolio diversifier. Thanks, Mike.

Q: Could you update on Alderon (ADV) it's dropped big time with the price of iron ore, will this affect financing.
Thanks