I have recently thrown in the towel on Goldcorp, and need to replace for gold exposure. I read this morning you have done the same and replaced with AEM. Can you offer some guidance as to why you selected AEM please. Dejardins recently downgraded to a hold with a target lower than yesterday's close, not that I put a lot of stalk in these reviews. Would you get into AEM here? Thanks!
Q: I have about 10% of my RRSP portfolio currently in cash earning 0.75%. I plan to invest it in a fixed income vehicle sometime in 2016. I noticed today that Rona is trading at $23.40 about 3% less than the takeover price. Would investing some of this money in Rona at its current price be a smart alternative to a fixed income vehicle?
Q: Capitulating :( (me) .... so expect the market to turn up very soon!
Nonetheless, I am now firmly in the "income camp" and have reviewed the 5i Income portfolio where I already hold all but ADW and IGM of your stocks but none of the ETFS (VCH, XHY, CVD,CPD, ZRE). With the exception of VCH they have all taken it on the chin in the last year - like so much else.
I am building a "sleep at night portfolio" and have set aside an appropriate cash reserve portion. The rest will stay in the market. With "sleep" well and make a few bucks top of mind, would you recommend any of the 4 ETF's or something else like ZWB, ZDV? Thanks for help with this project.
Q: Just glanced through the first quarter numbers. The dividend increase was nice, but the way I read the numbers, if you "x" out the currency, sales were only up 1% from last year. Ok, I guess, but not stellar. Please tell me if I am reading the numbers incorrectly. If I'm not, then to the numbers simply reveal a slow growth company taking advantage of the currency (which may or may not be reflected in future quarters).
Thanks as always.
Q: Hello,
Just wanted to get your opinion on starting a position in TFI at current prices with holding period 5+ years. No doubt a slowing economy doesn't help but lower fuel prices may mitigate that. Also, they have bought back over 2 million shares, have recently sold there waste business which lowers their debt load, growing and well covered dividend. Any insights appreciated and thank you in advance.
Cheers!
Could you please provide your thoughts on Whirlpool as a three year hold? Is appliance growth expected in India and other developing nations?
Thanks,
Richard
Q: This comp. has blown away the last 4Q incl. the most recent one: low P.E., very high ROE, nice dividend - it is so cheap based on any metric you want to use: P.E. vs growth, P.E. vs ROE - is this all to do with sentiment - ie. the comment H.C made and the fiasco with VRE & CXR?? What gives as this looks like a long-term buy and hold to me.
Q: Hello again, can you please comment on the impact this may have on AYA shares. Is it possible that the liquidation of this funds stock position could have been the reason there was so much downward pressure as of late? TIA
http://finance.yahoo.com/news/activist-hedge-fund-firm-orange-151914007.html
Q: Hello.
Thanks for great answers....
With regard to Rona Take-over today, I have cut the Rights section from the Preffered.A Prospectus and added here.
Not often in this position, should a holder of ron.pr.a expect to see $25.00 as indicated in the prospectus? Certainly that is what I expect in reviewing the prospectus.
Thanks
Dave
Rights on Liquidation
In the event of the liquidation, dissolution or winding-up of the Company or other distribution of the assets of the Company among its shareholders for the purpose of winding-up its affairs, whether voluntary or involuntary, subject to the prior satisfaction of the claims of all creditors of the Company and of holders of shares of the Company ranking prior to the Series 6 Class A Preferred Shares, the holders of the Series 6 Class A
Preferred Shares shall be entitled to be paid and to receive an amount equal to $25.00 per Series 6 Class A Preferred Share plus accrued and unpaid dividends up to and including the date of distribution (less any tax required to be deducted and withheld by the Company) before any amount shall be paid or any assets of the Company shall be distributed to the holders of common shares or of shares of any other class of the Company ranking junior to the Series 6 Class A Preferred Shares. After payment to the olders of the Series 6 Class A Preferred Shares of the amount so payable to them, they shall not be entitled to share in any further distribution of the property or assets of the Company.
Q: If I own CXI in my non-reg account and TFSA account (both are at a loss) and I sell it in my non-reg to take advantage of a tax loss, does the fact that I still own it in my TFSA make it a superficial loss? I will not be buying it back in the non-reg.
Q: Could you please give your thoughts on the latest results and what you expect of ATS in the future. I was surprised today to see such a large volume trade along with what is at this point over an 8% drop. Many thanks.