Investment Q&A

Q: Would you please advise me of what you would do - buy more, sell or hold given the recent news release regarding a lawsuit. I have held this stock for a while and, while volatile, the results have been great. Needless to say, I dont want to see the gains disappear. (What is that saying Peter, " ...rather leave the party a day early than an hour late?....)

Thanks.

Q: Hello Peter and Team,

Updated thoughts on Callidus? CBL

Q: Good morning...we are approx 15 years away before any need to access RRSP...I have done well so far but feel I may be too conservative or too much time on my hands...I have a portfolio of approx 21 stocks..I have done very well with a mix of CSU, ES, MG, BEP.un...plus a mix of a few others...My question is regarding BNS (7.7%),H&R/REI.UN (7.5%)CGX (5.7%) IPL (5%) NPI (4%)...would you recommemd based on my time line I can risk a bit more...if so recommendations...Thanks

Q: Hi, I have no exposure to telecommunications in my portfolio and was looking to add a small position (2.5%) for diversification. Wondering your present top pick within the telecommunication space (in Canadian dollars) for a longer term horizon and the reasoning?

Q: Good day!

Teck cominco or first qauntum. Which would you pick today?

Q: After being a top pick of Jason Donville on Dec 24/14,RX's price increased to $12.08 on Dec 31,but it had steadily & sharply declined to $7.57 on May 14 despite 2 good quarterly reports @ end of Feb & May 13.I am really confused.I bought a small amount @ $10. Please advise if this is a Hold,Sell or average down,Thanks for your normal great opinions & services

Q: Data from Globe Investor Gold gives TCN P/E(ttm) as 9.10. Forward P/E is predicted to be 22.79. This could imply that the stock price could more than double, or the earnings could fall by more than half, or anything in between.

What would be your best guess for the stock price of TCN a year from now.

Thanks for your clairvoyance !!

Glen

Q: Hi, After the recent run up to $43, subsequent to Fundtech acquisition news and upward revision of price targets by most analysts, stock seems to be taking a breather, lately. Do you think anything has changed in its outlook? I am considering to add to my position in @$40-$41 range for growth/income over long term and would appreciate your thoughts. Thanks

Q: Can I get your thoughts on PM please.
A second thought/question: If US interest rates are expected to raise this year or early next, will that not pull down the CDN $ even more, and if that is the case, would it not be a good time to move more $ into US Stocks - even with the CDN $ were it is now.

Thank you as always.
Craig

Q: Greetings, I hope you enjoyed your long weekend. I am in the enviable (LOL!) position of facing a proposed reverse split or consolidation in one of my holdings. Is it safe to assume that outstanding employee options and warrants will be similarly reduced in number? i.e. 4 to 1 The Management circular does not clearly cover this topic.
Thank you!

Q: I have lost money on this stock and still own it. Is this a buy, sell, or hold? Is the dividend safe?
Thank you!

Q: Hi Peter, What is the best way to give exposure of stock market to my kids (9 & 13) so that by the time they pass out from university they can trade on their own or make it as a career.Appreciate your guidance.

Q: In your growth portfolio, in your opinion, which top four or five companies would you say had the best management, thanks?

Q: What would be the best choice for capital growth between power financial,power corp., or great west life? Thanks as ever.

Q: Hello 5iresearch,

Wondering if you could comment on the recent events unfolding at Rubicon. It has received 50 million from the CPPIB, and has posted its advancements on Vimeo and its website. Do you think it is fairly valued here? Will it get a different type of evaluation when it actually starts production in Q2 2015 if it goes as per plan? Also, what companies would you compare RMX to once in production? Possible take out candidate? Lots of questions. Thanks for taking the time to investigate the potential or lack of potential of this company.

It is much appreciated.

Arturo

Q: Power Corporation just raised their dividend by 7%. It's the first time since 2009 they raise their dividend. I've held the stock for over a year and I enjoy how safe it feels. It doesn't seem to get much interest because of its low growth. What do you think of the earnings? Do you expect the stock to move up or should I expect the same capital return of the last 12 months?

Q: I have a well diversified portfolio aligned with your three portfolios. I got an additional $16k to invest for 18 months.
I am looking for a stable investment with a good dividend.
I understand that 18 months is a relatively short period but I hate to leave the money in a saving account.
I am inclined to buy BCE an ENB and I am opened to other suggestions.
I will appreciate your expert opinion.
Thank for your excellent service
Raouf

Q: I am in a big hole on BXE,YRI,SGY,FRC and WIN. Apart from these I hold AYA and AVO. What do you suggest??

Q: Would appreciate an update to your assessment of GE: whether the potential special dividends, share buybacks and financial spin-off make GE a compelling buy?

Q: In his review of the markets this week Jeff Miller suggests that the rate rise is a spike and not the beginning of an inexorable upward move. I would appreciate your thoughts on the recent interest rate rise.( I copied his comments below)



My own investing is firmly linked to economic fundamentals. The market disparities cited this week mostly reflect trader or pundit lore. Here are the key points:
•The interest rate spike has nothing to do with the Fed and little to do with liquidity. (See Ben Carlson).
•Interest rate levels have only minor implications for stocks – at least until they move much higher. Stocks do very well in the first portion of interest rate increases, especially when stronger economic growth is reflected.

So why the bond mystery. I have offered this hypothesis in the past. It still deserves a more complete explanation, but I will share the outline.

Many players have a “carry trade” where US Treasuries are the investment, not the “funding currency” as has often been the case in the past. Some funds have put it on explicitly with leverage, maybe 15-1. Some have it without leverage. Some merely choose an “unusual” asset allocation. Some have a currency hedge, but others are “going commando.” This explains a lot.

Whenever the dollar drops, some of these players are stopped out or get a margin call. Here is some evidence from 361 Capital:

06_macro_small

Whenever US rates rise more than the funding currency, we see a similar effect. Traders are stopped out or get a margin call.

None of it really has anything to do with the strength of the US economy or the prospects for stocks, but it provides plenty of grist for the media mill