Investment Q&A

Q: Hi Team,
Would you kindly comment on Fairfax's announced sale of Singaporean insurer First Capital Insurance Ltd. for US $1.6B and it's ongoing strategic alliance with Japan’s Mitsui Sumitomo Insurance Co. Do you have any thoughts about how significant this deal is and how it will improve Fairfax's prospects for the future?
Thank you, Michael

Q: I look forward to your investment updates emails, enjoy reading them and find them useful. However, I find the timing and frequency of them rather unpredictable. Is there a rough guideline as to when or how often you try to get them out? Is timing mainly driven by when you have made decisions to proceed or not with model portfolio updates?

Q: Please comment on recent results

Q: What would your top 4 buys be to hold in a taxable account? What would be your suggested time frame for each?

Q: I hold equal shares of each in my tfsa, please share your thoughts is tweeking required. I have a well balanced portfolio outside the TFSA

Callidus Capital Corp CBL
Dollarama Inc DOL
Exco Technologies Ltd XTC
Inter Pipeline Ltd IPL
Photon Control Inc PHO
Sleep Country Canada ZZZ

Q: the question I keep asking my self is why do I buy recommendations. These three are your picks so bought but all have declined since purchase. I have no problem with volatility but what is the percentage decline that yo u should expect on these kind of stocks, down 12,10, and 15%. My limit is usually 18-20. so should I wait for my target or move on.

Q: Hi
I have small position in PIH in my tfsa. I thought I might sell it now instead of wait for the takeover. Could you please make some suggestions of what to replace it with.
Thank you.

Q: Can you comment on STC's preliminary q4 numbers. How does the company look go foward? Thanks

Q: Could you please give your opinion of Prontoforms. Thanx Robbie

Q: Can I have your comments on CGI's latest acquisition. Will this acquisition have a positive influence on the stock or is it too small to make a difference. Your overall thoughts on the company would also be appreciated as well. My average cost is $33.42. Thank You. Brian

Q: Hi guys,

I asked this question about a year and a half ago but I will ask it again, is it time to let it go of NYX and find something else? I was originally thinking of keeping it for a long time but am having second thoughts.

Thanks so much

Q: As a new member of 5i Research, I first want to thank you for the service you provide. Fantastic.

I am reviewing the Canadian portion of my RRSP, sector by sector. I have a balanced approach and 15+ years ahead of me before transferring to a RRIF.

I find myself a bit underweight and concentrated in Healthcare, owing only NHW.UN (4% of Canadian portfolio). I was thinking of switching half into CSH.UN for diversification within the Real Estate/Healthcare space, then add a 3% position in GUD for more growth. What are your thoughts?

Note: The US portion of my RRSP, which is half the size of my Canadian portfolio, is invested in Mutual funds with Healthcare/Big Pharma representing about 16% of my US holdings. So my strategy would bring Healthcare to 10% overall in my RRSP.

Thx.

Q: What's a good replacement for CGX?

Thanks,
Robert

Q: It seems to me that Cineplex should be valued more on cash flow, like a pipeline or a REIT, because of all the buildings it owns. For 2016, it claimed $106 million in depreciation, which of course lowered reported earnings by that amount. According to TD, 2018 FCF is estimated to be $3.46, making the stock actually somewhat cheap. Thoughts?

Q: My only energy holdings are ALA, ENB and PPL, representing 11% of my equity portfolio. I am considering SU or CNQ as an addition. Which do you prefer at this time, or would you view my energy holdings okay as is?

Q: Sorry, another on CGX. I'm curious about their dividend payout ratio please?

Thanks!
Rod C.

Q: Their 2nd q results appear strong. There is no conference call but I believe there is one analyst coverage. Please comment on results. Also, were the 2nd q results better or in line with the analyst estimate ( re sales, margin and net income)?. What is the analyst expecting for this current year and next year?

Q: Your comments on the quarter.

Q: Hi Peter
Just went through my portfolio and these are my asset mix results.
Tech - 19.8 %
Basic materials - 17.9%
Consumer Cyclical. - 11.7 %
Consumer Non Cyclical - 9.4 %
Energy - 9.0 %
Financial - 8.0 %
Reits - 4.5 %
Health - 3.4 %
Telecom - 3.8 %
What do you think of my sector waiting? Any thoughts on sector performance going forward... Should I be shifting my percentage on any of the above sectors going forward from here?
Appreciate your advice always!!

Q: Hi Peter and Team,
Some analysts still think CGX is expensive after over 30% share price drop. At what share price range CGX is reasonably priced based on current earning and outlook.

Thanks