Q: Thank you for your answer to my first question. The GC 5yr rate in March 2018 was 2% and the pref. was set at 4.38%. Would you expect the 2023 reset rate to be similarly higher, since the minimum rate is "not less than 80% of 5yr GC yield", which suggests a very low minimum rate assuming rates are are still around 2 to 2.5% - the current GC rate is 2.25%?
Q: In the bank section, BNS has been a favourite of yours along with TD. Over the past couple of years, TD has been a star while BNS languishes. Their latest earnings this morning disappointed. Are you still keen on BNS? Do you still recommend it? If so, on what basis? I know you say banks tend to revert to the mean performance over time but BNS appears to be proving that wrong.
Q: With regards to cobalt prices, its difficult to get a handle on the scarcity/abundance of the metal. It was supposed to be scarce 2-3 years ago, now it seems every region has some and the prices have drifted off. Co $40-$14 yoy.
So is it scarce like quality gold mines, or abundant like cannibis grow ops (all of us can grow four plants)?
Conversely, lithium prices have gone up historically.
First, since its hard to get accurate info, have I got the price movement right? Then, is it better to invest in lithium companies or cobalt companies going forward with a view of increased electric car sales in the future?
May I have your insight on the space?
Q: I read that you recommend GC as a replacement for CLS? I already own TSGI and wonder if I should buy GC or another company. I own KXS, OTEX ,SYZ already.
thanks
Could you comment on MOS earnings and give opinion?
From what I read they beat consensus estimates and offered good 2019 guidance but yet the stock is down 4 % today ?
Q: Hi, If my memory serves well, Mark Leonard transferred ownership of a company to his adult children, which owns 1,000,000 CSU shares, a few years ago. I believe that his current holding of 400,000 + shares is in addition to that family ownership? Thanks
Q: I like this stock and noted your comments that it may not move a lot until later in the year. What do you think about a straddle for the next few months. Thanks