Investment Q&A

Q: Any new thoughts on Gamehost? I am a long time holder of GH, and it is about 4% of my portfolio. Down 20% over the last 3 months, much of it on the oil drop. Are there any other concerns at Gamehost, or is $12.80 a good price to add another 1-2%?
Thank you.
I am really enjoying the Member Questions, and the knowledge level of both the members, and your crew, is sure helpful.
Grant

Q: What do you think of Empire (EMP.A) below $90? There seems to be alot of growth from 2015 to 2016, and enough growth from 2016 to 2017 to make it look pretty interesting to me as a longer term investment. At $90 with 2016 expected eps at $6.43 it looks like its trading below 14x earnings with good growth ahead of it.

What do you think of current valuation and do you see substantial growth beyond 2017 for Empire?

Thanks, as always.

John

Q: Hello Peter & Co,
The above represents 13% of my RRIF Equity portfolio. I hold CCT,CPH,CXR,GUD,RX and thinking of nibbling in VRX,CRH,PHM; would you please rank them as if I did not own anything.
Thanks,
Tony

Q: Do you see much more upside with Stella Jones? It was a great pick of yours and has done well. I want to keep my profits so wondering if it is still fairly valued or should I sell and redirect the profits to another of your recent top picks.

Q: Hi peter and team,

Nice to see your recommendations on BNN. Is there a compelling reason to switch into BIN if i already hold WM. Both seem to be doing well although BIN is cheaper on a PE basis but WM pays a bigger dividend. It is held in my registered account so there are no tax issues and i pay a minimal trading fee on my account so those aren't considerations.

Thanks

Q: I am developing my portfolio to be an income generator and like many Canadians, have a significant portion of my capital in Canadian banks. What do you feel is a suitable % range for Canadian banks in an income portfolio? I am certain I am too heavily invested today in the banks but the recent drop was too inviting so more had to be bought. Thanks in advance.

Q: Hello,
Back on January 22, 5i was commenting on Albert`s question that VUN has had consistently better performance than it`s hedged cousin, the VUS.
How does that occur when they both track the same index? Does the VUS have added admin costs with converting back into CAD dollars daily, which negatively impacts it`s performance numbers? Thanks for clarifying.

Q: Hi,
After the recent miss on earnings, do u think I should continue to hold and wait for better days given 6% annual growth in China? I am about 12% under water and have a substantial holding, about 15% of portfolio. I know some are suggesting shorting it which worries me.

Q: Peter I hold only SU (Down 10)%) & SGY (down 58%) Should I dump sgy? What's a good replacement in the energy sector? thanks

Q: Does this look like a buying opportunity for this co.?
Are there any other car suppliers that might complement this co or stand on their own.
Many thanks.

Q: Hi
Looking for an update on a few of your recommendations I currently own:
Surge- Seems like oil has found some footing for now. Would seem like some kind of move to the middle would be in order after such a panic adjustment. Looks like you are suggesting a hold here. Do you have a sense for the underlying commodity price going forward.
Avigilon- seems to have recouvered from weakness. is there upside here or a good time to sell.
Descartes- same
Fiera Cap - same
Questor-same

Q: Hi team. Thanks to your guidance and the present market, I have been able to shave a few of my equities, that are from your PFs, and am ready to purchase more U.S. I am thinking of this ETF. I understand you prefer unhedged. I have Canadian $ which I suppose I can convert. But having read answers on these ETFs am still confused. Which of the 2 is preferable? Is it best to convert my Can $ to US $ and then buy? (which one of the 2?) Or is that a waste of time and should I purchase with Canadian $ ?(again which one?) I am sorry for the confusion. Thank you as always for your sage advice.

Q: My question relates to what one should hold in an RRSP for minimum taxation long term.
I have quite a diversified portfolio but I rely more on dividends from stable companies instead of bonds for "fixed income." I treat all accounts as one account for diversity.
Some rules of what to put where are clear eg Cdn dividend stocks go in cash accounts to get best tax treatment. However if cdn dividend stocks are held in an RRSP I conclude you lose the favourable tax treatment because when you take money out, its taxed at the marginal rate. REITs appear to be better because the yield is not all dividends. My conclusion is that the priority for picking stocks to hold in an RRSP should be US dividend payers and interest paying securities first and Cdn REITs after.
Does this make sense?

Q: With the small improvement in Cuba-USA relations and their nickel mine start up on time would you consider a small position in S a good investment or another name?

Thanks to all

Q: The question about CXI and reporting got me to checking my portfolios. Do I have to fill in Form 1135 for ETFs based on the S&P 500, like VFV and XSP, which trade on the TSX? What about EWWS and EWU which trade on an American Exchange?

Q: Looking for dividend paying stocks Wanted to get 5i thoughts on HNL

Q: Good morning,

Natural gas prices have been trending lower recently due to increased supplies and lower demand.

What are your thoughts on price direction going forward and what would be your favorite names that would benefit the most if we are indeed approaching a bottom in gas prices. I would like one small to mid cap and a large cap that would provide the greatest leverage (% price appeciation).

Also I would appreciate one name that you think would benefit the most from the lower natural gas prices in the near to medium term (lower feed stock and higher margins)

Thanks once again for your wonderful investment insights!

Tom

Q: Good day. I would first like to thank you for your service and unbiased advice. It is a great service and I have been very happy with everything you do.

This is mostly a strategy question regarding portfolio allocation in regards to too much energy sector exposure.

I have had to much exposure to energy mostly due to my wife receiving options and some private investments that went public. With your advice I have been adding exposure to other industries, but I am still heavy with energy. I am patient and don't mind waiting out the ups and downs.


Do I take and loss now and re-allocate to other sectors?

Do I keep these stocks and wait for the market to come back?

Do I leave these stocks but stay in the sector and add BDI or Surge?

Basically, if other companies may improve better than the current listed stocks, do I take my licks now and move on. I am underwater on TEI, LXE, but I am a bit above with PGF.

I am overweight PGF and TEI. LRE I received through Crocotta, and I don't know if it can weather this storm?

I am a long term investor and I am sometimes too patient.

Thanks again for you guidance.

Q: I currently hold these 3 pipelines in equal weight and want to reduce pipeline exposure. I consider Enbridge a core holding, so looking to sell one of the other 2. In terms of future prospects and diversification (least similarity to ENB business lines), which one would you recommend I keep, or should I simply reduce each by half?

Q: I hold VTV.US...it is a vanguard value ETF. It has done very well by me...any thoughts on VTV? Any other US ETFs you might suggest I look at.