Investment Q&A

• Cematrix Corporation (CVX)
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Q: I'd like to get your take on this company in light of its 5 year marketing deal with Lafarge.

Seems to be a great vote of confidence for cemetrex.
Do you see them raising equity? Would Lafarge be a likely participant?

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Read Answer Asked by Scott on June 29, 2016

• SNC-Lavalin Group Inc. (SNC)
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Q: SNC has been performing well since the last 5 months which is reflected in the recovery of the share price and seems to me it's just a matter of time before it gets to new highs. However, from your answers to the SNC questions that I've read you don't favor this name at all and prefer STN and WSP. Please explain your point of view given the stock performance to date. Thanks in advance.

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Read Answer Asked by Iskandar on June 29, 2016

• iShares 1-5 Year Laddered Corporate Bond Index ETF (CBO)
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• iShares Core Canadian Universe Bond Index ETF (XBB)
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Q: One more question regarding asset allocation in my RRIF-- how would you rate a 50/50 split of XBB and CBO as the bond component? Given all other factors remain the same. Thank you!
PS - loved the question "what makes 5i so great?"
You provide fabulous service and take some of the angst and mystery out of investing.

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Read Answer Asked by Jen on June 29, 2016

• Superior Plus Corp. (SPB)
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Q: As a long time holder of Superior, I was disappointed when they bid for Canexus, just when they were improving their debt situation. What is your opinion of SPB if the Canexus deal goes through, compared to if it doesn't. Which would be better for the company, long-term? Do you consider the dividend reasonably safe in either event?

Thank-you

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Read Answer Asked by grant on June 29, 2016

• Global X S&P 500 Index Corporate Class ETF (HXS)
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• iShares Core S&P 500 Index ETF (CAD-Hedged) (XSP)
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Q: Peter, I am considering buying one of these ETF's. HXS is quite small vs XSP but it has had much returns over the past 5 years. I would have thought that the returns of both would have been quite similar as they are designed to track the S&P 500.

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Read Answer Asked by stephen on June 29, 2016

• Cascades Inc. (CAS)
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• Boralex Inc. Class A Shares (BLX)
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Q: Good day, please advise if Cascades is a good buy for a long term hold (5-7 years). Will be purchasing inside a diversified rsp and looking for a stable player in the "green" space. Any others you would recommend?
Thank you, Harry

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Read Answer Asked by Harry on June 29, 2016

• Stella-Jones Inc. (SJ)
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Q: Good day, SJ seems to be bucking the trend today on moderate volume. In your opinion, has this stock plateaued and will trade in this range, or is there more downside possible. Looking at an entry point for a diversified rsp portfolio
Thank you, Harry

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Read Answer Asked by Harry on June 29, 2016

• Enbridge Inc. (ENB)
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Q: With down grade of Enb what effect will it have thank you

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Read Answer Asked by Jack on June 29, 2016

• Brookfield High Yield Strategic Income Fund (BHY.UN)
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Q: My broker has recommended to sell BHY.un The fund allows an Annual Redemption Privledge at Nav.once a year In May NAV was $ 7.67 It is currently trading at $ 7.33

He said it was also loosing dividend tax credit status next year and all payouts will be classed as income

I bought this fund at $ 8.83 Could you give me your opinion on whether it is better to sell this fund

Thanks for the great service
Paul

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Read Answer Asked by Paul on June 29, 2016

• DIRTT Environmental Solutions Ltd. (DRT)
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Q: Dear 5i,
I am forwarding a link to a youtube video that shows the latest technology from Dirtt that combines virtual reality with the real world (which they call mixed reality). Pretty amazing.

https://youtu.be/JCyfPLZt83o

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Read Answer Asked by Brian on June 29, 2016

• Sun Life Financial Inc. (SLF)
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• Power Financial Corporation (PWF)
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• Fiera Capital Corporation Class A Subordinate Voting Shares (FSZ)
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Q: I currently own PWF and down 18% and it is in a non rrsp account.I can write this loss with a gain in another stock in which I am over weight and wondered if SLF or FSZ would be a better replacement for PWF? I own no other stock in the insurance sector but own BNS and TD for the financial sector.

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Read Answer Asked on June 29, 2016

• Element Fleet Management Corp. (EFN)
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Q: Peter and team

I was thinking of getting back into EFN at this time. I was wondering your thoughts long term, and more importantly what will happen to shareholders at the time of "the split".

Thanks as always for a great service!

Phil

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Read Answer Asked by Phil on June 29, 2016

• Brookfield Renewable Partners L.P. (BEP.UN)
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Q: You rate this as an "A"; but, when I check my info provided by CIBC Investors Edge: debt/Equity is 2.8X, ROE is basically 0, P.R. is crazy high and P.E. equally so. They have issued a lot of common and preferred shares as well and must have a heck of a lot of non-cash write-offs which distort a lot of the metrics, I guess? What is the story on a pure cash basis then?

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Read Answer Asked by James on June 29, 2016

• Linamar Corporation (LNR)
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• Magna International Inc. (MG)
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• Exco Technologies Limited (XTC)
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Q: My question is about "peak auto". I have not yet read any reliable source that shows auto sales heading for a slump. In your experience, have you seen "cheap" large caps like Magna fall 40% based on a "guess" that was repeated enough times in the media to convince everyone, a guess that ended up being wrong? It's hard to believe all this selling is based only on a guess about a "top". I am not seeing XTC or LNR executives buy their stock. At 6.5 times earnings, you'd think they would buy if they their EPS was projected to be maintained over the next 3 quarters!

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Read Answer Asked by Matt on June 29, 2016

• Power Financial Corporation (PWF)
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Q: PWF has been been hit fairly hard by Brexit. With a 5% dividend, it is looking attractive at current prices. Could you comment on the reasons for the significant price decrease, and would you buy today for a long-term hold, with dividend sustainability being the main concern.

Thank-you

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Read Answer Asked by grant on June 29, 2016

• Deere & Company (DE)
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Q: Any thoughts on Deere? What do I need to know? Thanks!

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Read Answer Asked by Chris on June 29, 2016

• Vermilion Energy Inc. (VET)
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Q: Hi Whats your take on vets current acquisition in Germany It did share in today bounce.
Also many thx on your recommendation on aw I took a full position in Mar and have to trim aleady
Stan

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Read Answer Asked by Stan on June 29, 2016

• Sherritt International Corporation (S)
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Q: Can you please clarify your answer you gave to Saad re Sherritt bonds re the alternative of cash vs rights.

Your recco wan't clear.

Which one would you choose?

Sheldon

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Read Answer Asked by Sheldon on June 29, 2016

• Brookfield Business Partners L.P. (BBU.UN)
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Q: What can you tell me about BBU.UN? I have a few shares due to spin off from BAM shares

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Read Answer Asked by Francis on June 29, 2016

• Lassonde Industries Inc. Class A Subordinate Voting Shares (LAS.A)
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Q: Good morning,

Can you give me your thoughts on lassonde industries. It is a company you do not hear much about but the historical stock performance has been impressive to say the least.What does the company's financials look like ( ie debt, yield,safety as well as future growth in dividend, payout ratio etc) as well as future growth for the company.

Would you recommend taking a position at this time.

Thanks for the outstanding service!

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Read Answer Asked by Thomas on June 29, 2016