Investment Q&A

Q: Looking for a few ideas of beaten up 3% or more dividend payers? I already own SLF, WCP, and ZEB. Current portfolio holdings are made up 19% energy, 35% tech, 15% financial services, 20% consumer cyclicals, less than 5% in the rest. Not too worried about divirsification, I sleep well even when blood is running in the streets.

Q: CI Financial is down almost 14% in the last month. Recent numbers appear good. Has CI just got caught up in the recent market downturn and do you feel now is a potential buying opportunity to acquire more shares? Also, as they continue to acquire Investment Advisors, mostly in the US, and their AUM increases, do they become a desirable takeover candidate? Do you see a Canadian bank or other financial company like Power Corp making an offer at some point in the future? What is the likelihood of a takeover in your opinion on a 1-10 basis whereby 10 is most likely. Many thanks in advance for your answer.

Q: If you owned CIX, would you sell and buy which of CPX and H. Please provide rationale behind your recommended approach.

Q: With the recent buying spree of CIX should we expect a stock issue ?

Q: I like the recent q report. The stock still seems underpriced compared to similar US companies which may be a good comparable as almost all of its growth is coming from the US business. It looks like the street is taking more interest. Your thoughts please.

Q: What 5 stocks (Can and US) now in the bargain bin seem most likely to turn out to be gems in 2 or 3 years time? Much of the market seems very expensive at an uncertain time.

Q: your comments on the results would be appreciated. They seem t be executing well.

Q: The company has made a series of US acquisitions in the past 2 years which have attracted the attention of US investment community and it now lists on the NYSE. Comparable companies in the US trade at p/es of 20 while CI trades at under 7. I realize that p/e is only one measure of value but I would think that if the acquisitions prove successful then the company's shares may be re-rated to a higher multiple. In the meantime it pays a dividend of just under 4%.

Q: CIX seems to be making it's number of acquisitions but it's share price don't seem to move much.Could you comment ?

Q: What is your view on CIX going forward? Buy, Hold or SELL?

Q: How would you compare CIX and Pow ?

Q: I have all three in a taxable account, both FSZ and CIX down quite a bit while IGM which I held for a long time with considerable gain. None of them is considerable weighting in my portfolio and I am contemplating between selling all and buying either SLF or MFC or consolidating them to only one. Reading answers to questions it appears that your preference is FSZ. But you also like SLF. I am looking for growth more than dividends, Any suggestions? Thanks

Q: Do you see CI Financial as a sell?

Q: I hold a number of shares of C.I.Financial (CIX) purchased many years ago -what is your opinion of the company - is it an add, hold or sell ?
I am also still holding Cineplex (CGX) do you see any prospects for this company's shares increasing in the near future or should I sell?
Thanks for your reply
Hanna

Q: Hello,
Our financial weighting is still quite a bit higher than you suggest for a portfolio...so my plan is to sell our (underwater) CIX as well as one or two of our (positive) bank stocks. Appreciate your ranking and thoughts regarding our bank holdings noted above. Thank you.

Q: Hello,
Most of our Cdn equities are individual blue-chip dividend stocks and our US equities (25%) are mostly SPY. Those are doing ok I guess, though together only slightly better than our GIC's to be frank. Two of our holdings, which we've held for close to a decade, are still not good as noted below. When I asked about these before, I think you recommended continued patience as has our IA too. Your thoughts at this time please?
Holding Book Value Market Value DRIP
CIX $30k $16k Yes
MFR.UN $181k $154k ?

Q: pls comment on recent earnings

Q: Which of the above 2 companies would you prefer for a RRIF account and why? Which one has the lowest risk.

Wayne

Q: Seems like these active managers have been so out of favour that they now represent reasonable value. Some of the comments/questions recently have me thinking, I'm not so sure that the DIY investing model is for everyone. (No one could answer that better than 5i!) Since you have been on both sides of the investment industry do you believe that these firms will find their footing or do you think they are doomed?
Are these numbers correct?
AGF.B Yield 6.2% Payout Ratio 33% Debt 400M Market Cap 430M
CIX Yield 3.6% Payout Ratio 59% Debt 2.5B Market Cap 5B
GS Yield 9.14% Payout Ratio 81% Debt 50M Market Cap 350M

Would you please rate them based on total expected return(dividends and appreciation) over 3-5 years?

Thanks!

Q: What is your outlook/opinion on CIX with it's reduced dividend? Will it ever be a $30 stock again?
On an Oct. 23 question, FSZ was mentioned as maybe a better option when looking for income in retirement, but FSZ has a large 6% yield currently. Would you also like MIC with a solid 4.5% yield and a recent 9% dividend increase announcement. (we are looking to stay in the financial sector, but not the big banks or insurco's - already have those covered. Thx. (multiple credits here..).