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Investment Q&A

Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.

Q: Will these Canadian companies greatly benefit from the US tax cuts and would your recommend any or all of them as buys at this time Are the other Canadian companies you would prefer. Thanks for your terrific service.
Read Answer Asked by Ian on December 04, 2017
Q: I was reading your answer to an earlier question on FSV earnings. The diluted earnings per share were 0.42 vs 0.43 a year ago and expectations of .50 for the quarter.
Which metric would you consider more relevant - diluted eps or the adjusted eps of 0.74? I would appreciate if you could provide the reasoning as it applies to FSV.
Expensive no doubt, but would you consider it a buy?
Regards.
Read Answer Asked by Rajiv on October 27, 2017
Q: Hi 5i

Looking for some sustainable growth companies that may offer compounding return.

I have been looking at First Service Corp currently priced at 88.85Can.

What are your thoughts about FSV continuing to put up high growth numbers after doing it for two decades? I see by their investor information they have 5% market share; leaving significant share for growth.

Do the estimates you have indicate significant growth trajectory will continue?

Thanks
Dave

Read Answer Asked by David on October 16, 2017
Q: is the yield on these justified? also what is the growth rate going forward on these ones?
Read Answer Asked by adam on October 05, 2017
Q: I am reviewing my holdings in Consumer non-cyclicals for my RRSP (balanced approach with 15+ years to convert to RRIF). I am underweight in this sector (4%) divided between CCL.B and FSV which you agreed in a previous Q&A that they can be considered c. non-cyclicals.

I’d like to increase to about 8-10% total by boosting one of the two holdings I already have (which one between CCL.B and FSV would be best at this time?) and/or acquiring one or two additional stocks. Here I think it would be wise to buy more typical c. non-cyclicals like ATD.B + PBH or perhaps simply just XST to get exposure to a basket of food-related stocks at once (primarly ATD.B, L, MRU, SAP). Your observations will be appreciated as always.
Read Answer Asked by Christian on August 30, 2017
Q: I want to re-balance my portfolio across sectors but I found that a few holdings can fit more than one sector for all practical purposes.

CCL.B is classified as materials, but can we also consider it as consumer goods given its labeling and container products directly serve the retail market? If so would that be c. cyclical or non-cyclical?

MG is classified as c. cyclical, but can we also consider it as industrial?

I have a hard time with FSV which is classified as financial, but to me consumer non-cyclical (recurrent residential residential/condo maintenance fees, property services) is a better fit.

Finally, how about MDA? Can it be considered either technology or telecommunications?

Thank you for validating the above, it will be useful to explore my options.
Read Answer Asked by Christian on August 28, 2017
Q: Can you comment on their recent acquisition of California Closets and how quickly this will be accretive to earnings? The market seems to like the purchase but this continues to be a very expensive stock on a PE basis. I show 63X trailing earnings. Is there some other metric I should be using for this stock?
Read Answer Asked by kelly on March 22, 2017
Q: Nice calls on these two...I bot them last week with your research and have now covered my next 10 years worth of subscriptions..Thank you very much..learning more and more with your coverage..
Read Answer Asked by adam on February 21, 2017
Q: Greetings: since your January report on FSV the company has posted quarterly and full year 2016. The stock responded well. Can you comment on your prior concerns about valuation? They raised dividend, so I assume they are confident in the future. I have owned it since before the spinoff and am up over 100%. My position is still less than 5% because I sold Colliers, which was half of my original position, but I am even more concerned about valuation now since the rise in share price. Should I be? Just wondering if it is time to move on, but reluctant to sell winner. Thanks
Read Answer Asked by Gordon on February 14, 2017
Q: I have owned cigi AND FSV through the split. Would you move into aif.No tax worries.
Read Answer Asked by andrew on January 27, 2017
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