I am rounding out a 15% financial sector weighting. My existing holdings are approximately 2% for each of: Sun Life, Home Capital, TD, Scotia, Fiera and JP Morgan (12% total thus far). I have 3% left that I want to throw behind some small cap names, and have shortlisted the following 5i favourites: Firstservice corp, Tri-con, Element Financial, Rifco and CI Financial.
Questions:
1. Would you throw 1% behind 3 names, or 1.5% behind 2 names?
2. I know you like all these companies, but which 2/3 would you buy today?
Investor Profile = Young and risk on. Will be deploying new capital routinely, so ideally names that I can average up with over the next few years.
Q: Confused with questions asked about EFN. Is this the symbol for Element, Enfield or Enbridge Income Fund Holdings? I have seen reference to all three.
EFN was supposed to release results after close today. I do not see them anywhere. Any idea where we can see them and can you also comment on the results. Thanks
Q: Hi Peter and Team
I would like your always appreciated advice on MTY,SCL and BOYD.UN which I hold a 5% position in each. The three are starting to weaken and I am thinking of switching to something else. Your thoughts please. Is Element Finacial could be one alternative?
Thanks as always.
You like EFN for certain reasons but it is stuck in a range for quite some time now. Their current PE ratio is way high compared to the others. They are reporting on the 13th. Do you think they can significantly improve upon their earnings this time. How would you rank EFN from among the following list: HCG, SUM, RFC, EH, CFN, EFN and CXS.
Q: Hello, I'm considering selling EFN and buying either FSZ or HCG.
Please comment on the switch. Good, bad? Which company do you like more for growth?
Q: Hi Peter and 5iResearch team, Can you please provide your guidance regarding the continued growth prospects for Element Financial, EFN.
Thank you. Linda
What price would be a good entry point for Element Financial? EFN, current prices? or wait for a pull back? which i doubt will happen unless there is a 2008 type event due to the supposedly Taper that they say might happen.
Q: EFN Element Financial: Will rising interest rates hurt or help this company? Also, Between Magna MG and McDonald Detweiller MDA, which would be a better (growth) choice at this point, all other things being equal. Thanks for excellent service.