Investment Q&A

Q: Will an updated report on Cineplex be available soon?

Q: just wondering which 2 out of the group would you suggest for tax loss selling?

Q: Peter ,Ryan and crew: Having bought Cineplex in the $50. range , I'm now faced with the prospect of growing old before I see the stock back in that price range. In your opinion, do I bite the bullet and take the loss , hang in or can you suggest a better place for growth.
Enjoyed Ryan yesterday on BNN

Q: Considering sell fli and buying cgx. My reasoning is that rising interest rates have not really helped insurance stocks because the yield curve is flat or close to it. FLI is exdevidend Sept 21. Should this affect my decision to sell? CGX has an equivalent dividend , more growth .gaming while at the same time time I collect a dividend, I won’t be paying a management fee,
I’m under water with FLI.
Should I stick with FLI or switch.? I don’t think FLI dividend is eligible for the tax credit

Q: Cineplex has had a quiet rally following their Q2 earnings. Do you think the rally has run its course or is there some upside left in the short term?

Q: I am considering buying CGX. The main concern I have is the debt. Does it seem manageable to you? Thank-you.

Q: Any rumours around re CGX? Barry Schwartz tweets have me wondering.

Q: I was talking to my financial advisor about getting into a couple of high dividend securities north of 4% with some growth. They mentioned AW.UN, LIF, CGX, EXE. They said most of them have had a run except for the KEG and they said that one might be the better one. Which ones do you like of this group I have mentioned or are there any that you could recommend?
Thank you, Dennis

Q: Can you please comment on earnings and subsequent investor reaction (reduction in share price)?
Can you also please comment on recent rumours of Amazon looking to acquire a cinema / theater company? It seems that this should be a potential catalyst for the stock as this is a logical move for other streaming services (Netflix, Apple, etc.) who are investing significant amounts on original content but currently have limited options to distribute to large screen formats (cinema, etc.).

Q: Please comment on earnings, thanks.

Q: I added a bit of CGX about three months ago on a "bottom fishing" basis. My intention was to see if this stock can gain some traction and then decide if I should buy more, just hold, or simply sell.

Do you know when CGX reports? What are the street expectations of the top and bottom lines, as well as the EPS? Thanks.

Q: I've been a very satisfied customer of 5i since your early years, I've been introduced to many great investments, learned portfolio management skills that have made a much better investor. The area I am weakest in is a sell strategy, and I'd guess I'm not alone by reading your question section daily. Currently holding the above 3 companies with between 20 and 45% losses. What would your current thought on each be and perhaps a short overall sell strategy. Of course, deduct credits as you see fit.

Q: I have the above securities as well as RBC Cdn Equity Inc-D shares, Sentry Cdn Income, Sentry Global REIT. I am a retired conservative dividend income investor with a company pension, CPP, annuities and Fisgard Capital for fixed income.

I currently own ECI and will sell and look for a Consumer stock to replace it (not interested in BIP...I have a full slate of Utilities). I filtered several candidates using fundamental metrics (P/E, beta, P/BV, P/CF, P/S) and technical metrics (200 dma, etc), as well as yield and price targets (for what they are worth).

I will keep my CGX and PBH. I'm looking for a long term hold (conservative, liquid stock with a good and growing dividend). My short list of candidates include CLIQ, CTC.a, PLC, TCL.A. I already flushed ADW.A, KBL, RSI and since I already have 1 food stock, I flushed L and NWC.

Please provide your insights into the appropriateness of these Consumer stocks (CLIQ, CTC.A, PLC, TCL.A) for my portfolio, given my circumstances and existing stock positions.

Are there other securities I should consider, even those that I have flushed?

Thanks for your help...Steve

Q: Today's drop in Cineplex suggests that the market was underwhelmed by the increased business with Cinemark in the US reported yesterday. Have you any idea why this would be so? It seems to me to add to their attempt at further diversification in the entertainment business.

Q: Very disappointed in your CGX trade in the Income Porfolio. You don't seem to follow your own advice when it comes to the income portfolio and recommend stocks that are in a downtrend/negative momentum simply to chase yield.

Aug 30-2017 you stated - Rationale: While the growth potential behind CGX is lower, now that the yield is in the 4.7% range, we view CGX as a good addition to an income portfolio. Cineplex offers size and stability along with an attractive dividend stream, making it a good fit for the income portfolio.
June 14-2018 you stated - Trade Rationale - Cineplex has been frustrating to say the least. On one hand, we do view that it has been unduly punished but on the other hand, management does not appear to really be helping the case. They have not done a whole lot to address the specific concerns against their core revenue base and while diversifying into the Rec Room business has potential, it is a slow roll-out and capital intensive. One could argue it is also akin to doubling down on the current business model.

Everything that you stated June 14,2018 also applied Aug 20, 2017, yet you still bought it seemingly for the yield.

The Balanced Portfolio seems to be where all the 5i focus and interest is, where the income portfolio is an afterthought. I assume most in the income portfolio are like myself, retired and living off dividend income. Yet you are recommending stocks simply for yield, even if the fundamentals and technicals are both negative.

Q: It’s becoming increasingly clear Canada is facing challenges on many economic fronts from increasing regulatory burdens, inability to attract foerign capital and sub-national debt at the provincial level. Given that these, among many other, factors make Canada a questionable destination for investment, I’m wondering about your take on what this means going forward. Apart from an increased international focus, are there some Canadian companies doing business in Canada you feel can benefit from a potentially deteriorating economic scenario in Canada. I've recently taken a position in GSY and am considering DOL. Your thoughts on these and other suggestions would be greatly appreciated.

Q: Could you please clarify what exactly "we think it's good for income mainly " means ? For instance, I'm currently down 16% on CGX, are you saying based on your current opinion I'll have to wait close to 3 years to break even based on todays yield? I struggle with giving companies time to develop business plans, while looking at lost opportunities elsewhere, reading "mainly good for income" makes my sell finger itchy.

Q: I halved my holdings some time ago and it's continued to drop to the point that it's too small a part of my overall portfolio to have much impact one way or another. Because I bought it early on, I'm still ahead, but I'm wondering what I should do. Buy more to bring it up to say a half position again, sell it, or let it ride. I'm looking to make my portfolio more conservative and low maintenance in my later retirement.

Q: Hi folks

Most recent edition of the altantic suggests that Disney is going to initiate 'disneyflix' and basically have all thier titles available for immediate streaming

The kicker being they would also add new content as it becomes available (Star Wars black panther etc)

There would be no delay in release and 'opening weekend' box office would be a thing of the past

They essentially are blowing up the cinema business for the long term 'annuity type' revenue of the Netflix model

Curious your thoughts and If thier Is any value ciniplex's real estate or other assets

Time to cut and run me thinks

Thx

Q: What would your opinion be for switching out of CGX for TSGI at this time? I have held CGX ,2% of Portfolio, for several years and with the decline of approx. 50% I am thinking of selling all and purchasing TSGI with the assumption TSGI could be considered Consumer Discretionary sector.