Investment Q&A

• Open Text Corporation (OTEX)
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Q: Hi,

I am really enjoying the momentum on OTC these days. I remember you used to say it was a "cheap" stock, where does it sit in terms of value now and how does this compare to peers?

My position in OTC has grown substantially. At what percent of a portfolio would you consider trimming OTC back?

Thank you

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Read Answer Asked by Mike on July 25, 2016

• BMO Europe High Dividend Covered Call Hedged to CAD ETF (ZWE)
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• Vanguard FTSE Developed Europe All Cap Index ETF (VE)
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Q: Now that the Brexit vote uncertainty has diminished a bit, would it be a good time to add to European market exposure? Presently hold ZWE for income. Would you add to ZWE or open a position in another etf? If so, which etfs would you recommend for income? Which for growth? Possible ZDI ?Looking at 2-3 year time frame. Many thanks for the terrific service.

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Read Answer Asked by Don on July 25, 2016

• Home Capital Group Inc. (HCG)
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Q: I am reviewing my HCG holding and need help with a few metrics. The LTD, while it has come down is still at $41/share ($2.9b/70m). Is this a level of debt that one should be concerned about? Also expected earnings growth of 7%($4.11-4.70) does not seem great over the next 2 years. Finally despite the recent share buy-back, total shares appear to have grown 69 to 70 million. I have taken these numbers from RBC Direct.
Your comments as usual are appreciated.
Mike

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Read Answer Asked by michael on July 25, 2016

• Miscellaneous (MISC)
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Q: Hello team. I am currently creating a short list for adding another U.S. equity position. Do you happen to have a short list of 3-5 U.S. equities you find attractive? I generally prefer mid cap companies with an ROE north of 18% and ROE/PE = 1.5 or greater.

Thank you,

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Read Answer Asked by Liam on July 25, 2016

• Apple Inc. (AAPL)
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Q: I'm concerned that aapl will become another blackberry with ever declining revenues and earnings disappointments. Do you think growth catalysts are on the horizon?

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Read Answer Asked by hal on July 25, 2016

• Mainstreet Equity Corp. (MEQ)
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Q: How would you rate its stewardship/long term prospects?

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Read Answer Asked by MG on July 25, 2016

• NYX Gaming Group Limited (NYX)
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Q: Hi are you able to correlate this sector developmenthttp://www.telegraph.co.uk/business/2016/07/24/gambling-groups-rank-and-888-in-takeover-bid-for-william-hill/
to NYX's pull back
No position , but wondering if sell off is overdone

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Read Answer Asked by David on July 25, 2016

• Miscellaneous (MISC)
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Q: The following is a list of stock that I own showing the losses of each. Alta Gas(ALA) 32% Loss - Enerplus (ERF) 64% loss - Exco Tech(XTC)15% Loss - Gluskin (/GS) 32% loss -Painted Pony(PPY) 27% loss - Pur Tech(PUR) 27% loss and Surge(SGY)68% loss. Losses shown include dividends but I think all these companies have cut the dividends since I purchased them years ago. Question: Would you keep these or sell them now and purchase other stocks with better dividends. ? If you think these should be sold could you recommend a few. Thanks Ernie

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Read Answer Asked by Ernie on July 25, 2016

• DragonWave Inc. (DWI)
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Q: Hi please give me your opinion on Dragonwave.Had some recent volatility.

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Read Answer Asked by Alan on July 25, 2016

• Ithaca Energy Inc. (IAE)
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Q: Any news on Ithaca? It's down big so far today.

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Read Answer Asked by Tony on July 25, 2016

• Edgefront Real Estate Investment Trust (ED.UN)
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Q: Can I get your comments on this small REIT. How does its balance sheet look, what do you think of the management team, including the private equity firm involved, and how do you like (or not) the prospects. I would want it as a 5 year hold for income and some growth. Thanks.

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Read Answer Asked by Noel on July 25, 2016

• Amsurg Corp. (AMSG)
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Q: Can I have your opinion on AmSurg. It's on a high growth projectory and seems reasonably valued. Also how concerned should I be about it's heavy reliance on third party reimbursments(medicare and medicade) and debt level.
Thank-you.

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Read Answer Asked by Albert on July 25, 2016

• Zentek Ltd. (ZEN)
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Q: Do you believe that this is a good price point to enter a position. The stock looks to be basing and perhaps technically at least may be on the upswing. Thanks.

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Read Answer Asked by John L on July 25, 2016

• Tidewater Midstream and Infrastructure Ltd. (TWM)
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Q: This company seems well managed and has a decent balance sheet and may have good growth potential. Have you formed an opinion on it yet? I was thinking of entering in to a position. Thanks.

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Read Answer Asked by John L on July 25, 2016

• Dream Global Real Estate Investment Trust (DRG.UN)
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• Inovalis Real Estate Investment Trust (INO.UN)
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Q: How would you compare INO.UN and Drg.un as far as sustaining the dividend and some growth in Europe ?

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Read Answer Asked by terrance on July 25, 2016

• Brookfield Infrastructure Partners L.P. (BIP.UN)
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Q: Could I get your opinion of the new BIP.UN preferred issue (series 5, reset with floor of 5.35%)? Would you agree with the S&P rating of P-2 low? I already hold both BIP.UN and BEP.UN in the Brookfield group. What would you consider to be the maximum percentage (based on total portfolio value) for BIP.UN + BIP pfd, and would you include BEP.UN in the total or view it as completely different, regardless of ultimate ownership?

Thank-you

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Read Answer Asked by grant on July 25, 2016

• iShares Global Infrastructure Index ETF (CIF)
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Q: Please suggest an emerging market infrastructure etf priced in Canadian dollars. Thank you.

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Read Answer Asked by Richard on July 25, 2016

• Edgefront Real Estate Investment Trust (ED.UN)
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• Pure Industrial Real Estate Trust (AAR.UN)
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Q: I am considering initiating a position in Edgefront. It is a HIGH yield small cap REIT that trades on the Venture. It is an owner operator of commercial real estate properties in Western Canada and Atlantic Canada with a primary focus on industrial properties. I currently own 3500 units of Pure Industrial (AAR). I feel that AAR may be nearing the top end of its market price, so am considering taking some profits and investing them in ED.UN. I would appreciate your thoughts on this potential move.

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Read Answer Asked by Linda on July 25, 2016

• Atlassian Corporation (TEAM)
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Q: Any thoughts on Atlassian? (ticker is 'TEAM' on the Nasdaq)? I work in the software industry and I know that their products are fantastic and growing in popularity with large companies. Is it too early to get in as an investment?

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Read Answer Asked by David on July 25, 2016

• Greenbrier Companies Inc. (The) (GBX)
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Q: GBX seems cheap-rising trend. Has the correction relative to loss of tank-car business been overdone? Would you consider this a buy?

Thanks Jim

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Read Answer Asked by jim on July 25, 2016