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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: In your coverage summary for Dec 2014, you list TCN with a rating of C+. However your report on the company from Dec 2013 rates it as B. I checked your coverage summary for Nov 2014 and Oct 2014, and the same mistake is there. If it is not a mistake then I can't find a report with a later date showing it rated as C+.

Paul J.
Read Answer Asked by Paul on January 06, 2015
Q: A couple of questions on the financials. Your Jan/14 report showed $360 million in cash. The most recent quarter you noted shows $1.3biln ($14 cash per share).That's quite a jump for a company with a market cap of $700mil I am wondering where all the cash comes from?
Your report also mentioned $8 of book value. Equity as of the most recent quarter is $1.1biln with pref stock of $206mil. Does that mean $12.50 of book value?
The current ratio is just over 1, is that normal for this kind of business?
Finally you mention principal trading as a risk.Is this represented in the $1biln of short term investments?
Thanks
Mike
Read Answer Asked by michael on January 05, 2015
Q: We plan to invest $5500 in each of our TFSAs for 2015.We do not have any investments in the following sectors--consumer staples,materials and utilities.Could you suggest 2 or 3 stocks for each of these sectors.
Read Answer Asked by James Robertson on January 05, 2015
Q: In the event that CXI does not get its banking license, what are the implications for this company? Is the license approval imminent? Does anyone really have a timeframe on this or could it drag on for years? (I'm not certain how long a process, or how arduous, it is to be granted a banking license.) I was thinking of selling my Surge Energy and replacing it with CXI to see if I can inject a bit more torque into an account that has seen a 50% loss, but I don't want to be selling/buying a pig in a poke. (Any suggestions would be welcome, including a different company.)

Thanks for your advice! Happy New Year to all at 5i!
Read Answer Asked by Sylvia on January 05, 2015
Q: A&W Food Services of Canada Inc filed an "Early Warning Report" this morning wrt A&W Revenue Royalties Income Fund. The text is long; can you explain; what impact might this have on the current share price.
Read Answer Asked by Harry on January 05, 2015
Q: Good morning and Happy New Year to all at 5i.

My RRSP was recently transitioned to a RRIF. I understand that an "in-kind" transfer of a stock held within the RRIF can be made to a non-registered account (and of course taxes must be paid when doing this.) My broker (Scotia iTrade) informed me that I can opt for an in-kind transfer using the stock's lowest price, or highest price, or closing price for that particular day. What are the relative advantages and disadvantages for each option? Also, in answer to another member's question, you said that in general, it's better to sell the 'lower' stocks; would this advice also apply to an in-kind transfer? Thanks as always for your advice. Joining 5i was the best financial decision I ever made!
Read Answer Asked by Jerry on January 05, 2015
Q: I noticed your caveat about AYA with regards the ongoing insider trading investigation. As I recall (never having owned a stock that was under one) these investigations can take a remarkable long time to get to first base (if the "raid" is considered putting the ball in play)even. Surely months if not years. With the growth that AYA has displayed (a good Q4 expected) it seems likely(to me)that a recovery of the share price is a reasonable assumption. Would you comment around these observations for me please?
Read Answer Asked by Gerald on January 05, 2015
Q: Happy new year Peter and 5i,
Once again it is time to add funds to our grandson's RESP [14 mos]. Currently his holdings are: XTC 20 % of portfolio up 35%, DHX 19.4 % of portfolio up 92%, AYA 25% of portfolio up 285% [wow]. We reduced his holdings by 50%, and AVO 8.1% of portfolio down 42%. We would appreciate your opinion of new picks and assessment of current portfolio
thanks again
Read Answer Asked by john on January 05, 2015
Q: Please provide your recommendations for Bri-Chem. At current price do you recommned an investmen in this company?
Do you know the level of debt of the company and asscoiated risk. Do you think company can survive in low commodity price environment ? If I would like to select one company in Oil Field Service sector which is the one 5I recommends and why?
Read Answer Asked by Niketa on January 05, 2015
Q: Last year I asked you what foreign stock market would be the best performer for 2014 and suggested ishares Japan or Germany as options to buy. You went for Brazil which didn't work out too well, while my own prediction for Japan was only slightly better. What is your prediction for the country ishares to buy in 2015?
Read Answer Asked by Andrew on January 05, 2015
Q: Looking to add one stock to my TFSA.Which one would you choose between CXI and DHX.B?
Read Answer Asked by Paul on January 05, 2015
Q: I have held Intact for some time and have a decent profit. Would you continue to hold or would you recommend a switch to another Insurer/financial?
Read Answer Asked by jim on January 05, 2015
Q: Hi guys, Happy New year. I just have a quick question. Whenever I sell a US security in any account (CA, US, TFSA, RRSP), I get charged US tax. The tax is next to nothing, for example I sold $10,800 of a security and they charged me 24 cents. Out of sheer curiosity, what is this tax?

Also, I thought the only US tax charged or withheld was when a Canadian received a dividend in a non-RRSP account. Does the US government also withhold/charge tax when a Canadian sells a security?
Read Answer Asked by Paul on January 05, 2015
Q: Can you recommend some funds that are CDN dollar and overweight in CDN industrial companies? I would like to take into account the growing US economy and the declining CDN dollar, allowing CDN manufacturers to prosper.
Read Answer Asked by Dave on January 05, 2015
Q: I own Norbord (NBD) at a much higher cost. I sold Ainsworth (ANS) and bought Western Forest Products (WEF) a few months ago. Should I sell Norbord and buy more Western Forest or another forestry and wood products company. My only holdings in this sector are NBD and WEF.

Happy New Year, all the best in 2015. Thanks for the wonderful service you provide.
Read Answer Asked by Larry M. on January 05, 2015
Q: During 2014 this stock showed pretty good growth in it's price…..going from the mid $40s to year end at the mid $50s. What is your present evaluation of this company…both short term and long term. Wishing all the team a very HAPPY NEW YEAR.
Read Answer Asked by Dennis on January 05, 2015
Q: Hello,

What are your opinions on this company?

Thanks!
Read Answer Asked by Alex on January 05, 2015
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