Investment Q&A

Q: Good morning 5i team,

Plz comment on quarter.

Thanks,
Dave

Q: Hi,
I currently hold half positions in GUD and PHO. I would like to top one of them up to a full position. Which of these 2 companies do you think would be best to top up? Or do you think both should be topped up?
Thanks for all of your great advice.
Rob

Q: Hello,

I just want to make sure I fully understand the dividend and tax differences amongst different companies. Could you please list where these different scenarios are best held (TFSA, RRSP, Non Registered), how much they are taxed, and any other important tax information (i.e. which dividends need to be reported, eligible dividends, other common scenarios etc.). This question obviously has many parts so dock as many questions as you see fit.

A) US company with US dividend trading on US exchange:

B) US company without dividend trading on US exchange:

C) Canadian company with US dividend on Canadian Exchange:

D) Canadian company with no dividend trading on US exchange:


Thanks in advance!

Alex

Q: Sorry another comment that Members owning CRH may find comforting and certainly shows the clear difference between it and Valeant/Concordia:

"At March 31, 2017 , the Company had $9,232,240 in cash and cash equivalents compared to $9,507,004 at the end of 2016. The decrease in cash and equivalents is primarily a reflection of cash generated from operations, less cash used to finance acquisitions during the first quarter of 2017"


Looking at the Cash Flow Statement: they generated CF-Op of $8M and acquisition cost was $7.5M. Net Debt did go up ~$3M to fund some distribution to non-controlling interest (need to dig more into note 4 for details).


The main point through is CRH earns real cash and finances its acquisitions mainly from its cash flow and not from out of control debt - as the Motley Fool article was suggesting.

Q: Your analysis and thoughts on CRH's quarterly results?

Thanks!

Q: Since CIBC is the most sensitive to eventual housing downturn, how secure would be my RRSP and TFSA accounts with CIBC Investor's Edge in case CIBC gets into trouble. Thank you for great service. Milan

Q: Worth reading:

How Banks Can Compete Against an Army of Fintech Startups

https://hbr.org/2017/04/how-banks-can-compete-against-an-army-of-fintech-startups

Q: Dear 5i
My son is just getting into investing via Questrade (he`s 34) . I`ve given him some ideas that i thought you would have given him particularly pertaining to company`s with solid forecasted earnings growth over the next 1-2 years .
I suggested KXS , SIS , SHOP , PBH , PHO and GSY .
He is interested in EA and MAL. He has $8000 to work with with time .
What would you recommend ?
Thanks
Bill C.
I`m hoping in time he to will be a 5i member as well .

Q: Hi 5i
I know each stock in ones portfolio should not exceed about 5% of one`s total portfolio . Does this also apply to Bond ETF`s as well as Regular ETF`s .? My guess is that bond ETF`s can be upwards of 10% per ETF but regular ETF`s should be closer to 5%. Am i correct in this thinking ?
Thanks
Bill C.

Q: Can the tariff rate for Acadian be determined at this point?

Thanks
bob Rose

Q: With the information provided, it seems that the company has no choice but to use a LOC with a very high funding rate. How come they can t offer GIC with well above market rates to fund their current needs and stabilize the situation? Would there be no buyer with cdic protection ? Also, why do they need as much as $2B ? Thank you.

Q: Do you have any news on the drop in WTE today?

Thanks
bob Rose

Q: what I have learned is that some of these short sellers are very well researched. that cohodes likely knows more about this stock than 99% of the long investors. fundamentals looked good. do you think home capital will go bankrupt or ..

Q: Morguard REIT has just come off a recent high and although I like the dividend, I am down 11% since I bought the shares and there doesn't seem to be much promise of growth, so I am considering selling. Is there any reason for the recent drop?

I am well represented in the REIT sector in Canada and the US and would replace the shares with another good dividend payer. Currently thinking of KWH.UN.

Any comments?

Q: EQB.PR.C - do you think the $4 drop today is justified.
If not I am thinking of adding a little to my position before a possible rebound.

Q: Wow. All that selling. My question is who is brave enough to be on the other side of the trades? How does HCG get itself through 2008 etc with its history and falter like this?

Q: You mentioned CRH Management will hopefully address the short report in their Management call tomorrow. They already took a first jab in the quarterly release:

"While acquiring less than 100% of an anesthesia business will obviously create more rapid increases to non-controlling interests versus purchasing the entire business, our joint venture strategy does significantly increase our opportunities for accretive acquisitions. As a result, our acquisition pipeline remains strong and we are confident in our ability to deliver on our growth strategy."

Q: Please comment on MX results. Thanks

Q: Earnings look good. The stock has been so weak. Will these earnings kick start this company on an upward trend. I am down 20 percent and still holding for better days which seem to be coming.

Q: it looks like crh beat earnings and revenue big time, your take. dave