Q: Hi Team, I noticed that there has been an offer to take Sirus XM Canada private. The offer is in the vicinity of $4.25. Yesterday's price was $3.68. I paid $5.00 for the stock. Would you suggest waiting to see if the offer increases or sell now as an opportunity to get out with a limited loss.
Thank you for your consideration.
TransCanada has a bond with a maturity in July 17, 2025. The bond has a yield to current ask of 3.48% (coupon is 3.30%). Any thoughts or concerns about purchasing this bond with the intent to hold to maturity?
For information, my current portfolios are 85% equity and 15% debt.
Q: KXS is down 30% in less than 2 weeks (Feb 1). The reason it is down so dramatically is well beyond market performance or the 'tech' sector. Even on a very up day like today at best it's flat.
Q: I own a bond issued by Aimia, (Corp. AIMC 6.95 01/26//17). The company seems to be having its troubles lately. Is the company secure and do you think the bond is safe and will mature at par on its maturity date? If you can help I would greatly appreciate the support.
Q: My energy weight is very small overall. Currently holding CPG, VET, CNQ, SU, ENB and TOU. The only energy position not paying me a dividend to wait for a recovery is TOU. Would a switch to PEY be prudent to collect a dividend? Would PEY carry more risk than TOU. Do have have concerns with any of my other energy holding? Best, Don
Q: Just a comment to add about Rogers Sugar, in the short term they may see a benefit in volumes as a dead bird was recently found in the silos at their competitor's Redpath Sugar Facility in Toronto. From what I hear a lot of sugar had to be disposed of with downstream users scrambling to find alternative sources. The facility is still shut down until the source of the bird is found. Let's hope these downstream users stick with Rogers Sugar and nobody finds any bird parts in their food! http://www.quintenews.com/2016/02/a-sweet-mess-for-redpath-sugar/107360/
Q: You last commented on BIR on Dec 17th. Year-end results were recently released which appeared reasonably positive given the difficult environment. I would appreciate if you could update your comments/opinion.
Thanks
Q: When the SEC fines all of these Wall Street Companies for all the offences they have been found guilty of, who get's the millions of dollars that they have been fined?
Q: Your thoughts on FFH acting as a portfolio diversifier and hedge against deflation? Seems they have a large derivative bet that potentially pays big if deflation hits.
Do you have a preference for GLD vs. Central Fund of Canada (CEF.A)? Does the fact the former trades in $US and the latter in $CDN affect your preference?