Investment Q&A

• BMO Covered Call Utilities ETF (ZWU $11.41)
  • $11.41 P/E (TTM): 18.74X Cap: $1.94B
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Q: Hello 5i team,
I'm thinking of increasing my position in ZWU in my TFSA. It pays a big distribution of 8.39% at the moment, and is trading near its 5 and 10 year lows. As utilities have been beat down by rising rates over the past year, would you expect a recovery in the unit price as central banks reach their "terminal rates" and look towards reducing rates in 2024? My understanding is that calls are not written on all of the fund's holdings, leading me to think there is some upside in the unit price if/when utilities recover, in addition to collecting an outsized yield. Is my thesis correct?
Thank you!

Upvote 0

Read Answer Asked by Brian on May 17, 2023

• Brookfield Renewable Corporation Class A Exchangeable Subordinate Voting Shares (BEPC $62.32)
  • $62.32 Cap: $23.44B
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Q: Your answer to a previous question about BEPC has made me very nervous. You said that the company has missed on earning in eight straight quarters. I still own this company because of 5I's generally positive observations and now I'm wondering what's up when it misses with such regularity. I have a lot of Brookfield companies and wonder if I shouldn't sell my BEPC and put it into BIPC. I have the parents as well so I do like the overall management. But, BEPC? You still like it a lot or a little? Thanks

Upvote 0

Read Answer Asked by alex on May 16, 2023

• Brookfield Renewable Corporation Class A Exchangeable Subordinate Voting Shares (BEPC $62.32)
  • $62.32 Cap: $23.44B
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Q: Hello Peter,

BEPC has been in a decline since Jan 2021. Can you please comment on reasons for the decline and would you recommend steeping into a 1/4 or 1/2 position today?

Thank you
Debbie and Jerry

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Read Answer Asked by Jerry on May 15, 2023

• Tamarack Valley Energy Ltd. (TVE $6.59)
  • $6.59 P/E (TTM): 13.51X Cap: $332M
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Q: hi folks...opinion on Q results for Tamarek tve/t...good & bad...stock hit new 52 wk low on results....Buy/hold/sell...thanks, jb

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Read Answer Asked by John on May 12, 2023

• Superior Plus Corp. (SPB $7.99)
  • $7.99 P/E (TTM): 31.87X Cap: $1.79B
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Q: Your thoughts on SPB.TO and if positive a good entry point for accumulation.

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Read Answer Asked by Lawrence on May 12, 2023

• Exchange Income Corporation (EIF $77.40)
  • $77.40 P/E (TTM): 29.8X Cap: $4.20B
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Q: Hello Leaf’s fans. To be clear I am a Canucks fan and a long term holder of Eif.
What do you like and dislike about Eif.?
You didn’t include in your response to top ten Canadian dividend stocks question.
Thanks and Happy Mother’s Day

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Read Answer Asked by Alan on May 12, 2023

• Decisive Dividend Corporation (DE $7.40)
  • $7.40 P/E (TTM): 29.32X Cap: $148M
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Q: Can you please comment on recent earnings and your overall views on this company.

Thanks

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Read Answer Asked by Greg on May 11, 2023

• Bank of Nova Scotia (The) (BNS $93.54)
  • $93.54 P/E (TTM): 17.88X Cap: $116.13B
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• Enbridge Inc. (ENB $66.94)
  • $66.94 P/E (TTM): 23.28X Cap: $145.99B
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• Sun Life Financial Inc. (SLF $82.12)
  • $82.12 P/E (TTM): 15.25X Cap: $46.67B
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• Fortis Inc. (FTS $71.96)
  • $71.96 P/E (TTM): 21.21X Cap: $36.36B
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• Restaurant Brands International Inc. (QSR $95.10)
  • $95.10 P/E (TTM): 24.34X Cap: $43.27B
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• WSP Global Inc. (WSP $257.83)
  • $257.83 P/E (TTM): 41.4X Cap: $33.67B
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• TMX Group Limited (X $50.32)
  • $50.32 P/E (TTM): 30.31X Cap: $13.99B
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• Toromont Industries Ltd. (TIH $160.98)
  • $160.98 P/E (TTM): 26.71X Cap: $13.09B
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• Dream Industrial Real Estate Investment Trust (DIR.UN $12.40)
  • $12.40 P/E (TTM): 25.81X Cap: $3.63B
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• Brookfield Asset Management Ltd. Class A Limited Voting Shares (BAM $74.37)
  • $74.37 P/E (TTM): 36.5X Cap: $121.79B
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Q: Hi Gang

What are your top ten Canadian dividend stocks at this time
With a 5 yr investment time line

Thanks Mike B

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Read Answer Asked by Mike on May 11, 2023

• Exchange Income Corporation (EIF $77.40)
  • $77.40 P/E (TTM): 29.8X Cap: $4.20B
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Q: Did they beat last year’s quarter on all metrics except for free cash flow per share less capital expenditures?
How significant is the $.44 this year v $.50 last year

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Read Answer Asked by Alan on May 11, 2023

• Northland Power Inc. (NPI $25.55)
  • $25.55 Cap: $6.68B
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Q: Why has NPI dropped so much today , should I hold or sell.

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Read Answer Asked by nick on May 11, 2023

• ATCO Ltd. Class I Non-voting Shares (ACO.X $55.18)
  • $55.18 P/E (TTM): 13.71X Cap: $6.20B
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Q: Hello there - I'd like to do some consolidation and wonder about selling ACO.X ( at a small loss) and putting the proceeds into either BIP or BEPC (both of which I currently own). Your thoughts, please. Which way offers the most promising upside over a long investment horizon. Thank you

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Read Answer Asked by alex on May 10, 2023

• Restaurant Brands International Inc. (QSR $95.10)
  • $95.10 P/E (TTM): 24.34X Cap: $43.27B
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• Acadian Timber Corp. (ADN $14.47)
  • $14.47 P/E (TTM): 17.3X Cap: $264M
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• Exchange Income Corporation (EIF $77.40)
  • $77.40 P/E (TTM): 29.8X Cap: $4.20B
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Q: I will have the cash shortly to add a new position in the income portfolio. Which of ADN, EIF or QSR would you add right now and why.

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Read Answer Asked by Tom on May 10, 2023

• Alaris Equity Partners Income Trust (AD.UN $19.11)
  • $19.11 P/E (TTM): 6.3X Cap: $866M
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Q: Your thoughts about the latest results please . do you consider them a buy , sell or hold ?

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Read Answer Asked by Thomas A.J. on May 10, 2023

• Alaris Equity Partners Income Trust (AD.UN $19.11)
  • $19.11 P/E (TTM): 6.3X Cap: $866M
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Q: Should I be concerned that today this stock dropped below 200 DMA on heavy volume. Fundamentally would you rate buy, sell, or hold.
Best Regards,
Harold

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Read Answer Asked by Harold on May 10, 2023

• TELUS Corporation (T $20.77)
  • $20.77 P/E (TTM): 32.28X Cap: $31.88B
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Q: What is the best metric(s) to use to value Telus, and how does that / those metrics compare to the past historic range(s) ? If it is P/E, then I find it hard to justify buying today at what appears to be approximately 24X.

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Read Answer Asked by James on May 10, 2023

• TELUS Corporation (T $20.77)
  • $20.77 P/E (TTM): 32.28X Cap: $31.88B
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Q: What's your current view on Telus? The stock hasn't done much and going down. There is likely increased competition from Rogers/Shaw merger. I also hold BCE and wondering if its time to move from Telus to another opportunity.

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Read Answer Asked by Gerry on May 09, 2023

• Park Lawn Corporation (PLC $26.48)
  • $26.48 Cap: $904M
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• BCE Inc. (BCE $32.53)
  • $32.53 P/E (TTM): 71.09X Cap: $30.33B
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• Sun Life Financial Inc. (SLF $82.12)
  • $82.12 P/E (TTM): 15.25X Cap: $46.67B
  • View SLF Profile
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• Restaurant Brands International Inc. (QSR $95.10)
  • $95.10 P/E (TTM): 24.34X Cap: $43.27B
  • View QSR Profile
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• A&W Revenue Royalties Income Fund (AW.UN $36.93)
  • $36.93 P/E (TTM): 17.7X Cap: $538M
  • View AW.UN Profile
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• Terminix Global Holdings Inc. (TMX)
  • P/E (TTM): 83.56X Cap: $4.60B
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Q: PLC has gone sideways this ytd compared to most of my holdings that have moved back up. It is one of my smaller holdings so wondering if it is a good time to top it up to a full position or move on to other names in the income portfolio with higher yields, likely split in BCE, TMX and SLF.

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Read Answer Asked by Tom on May 09, 2023

• Brookfield Corporation Class A Limited Voting Shares (BN $64.28)
  • $64.28 P/E (TTM): 106.96X Cap: $144.21B
  • View BN Profile
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Q: My understanding is that BN’s price / book value is roughly as low as it was in 2002, 2009 and 2011. Is this the best historic valuation metric? How does today’s yield compare to its dividend yield range in the past ?

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Read Answer Asked by James on May 09, 2023

• Fortis Inc. (FTS $71.96)
  • $71.96 P/E (TTM): 21.21X Cap: $36.36B
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• Emera Incorporated (EMA $67.23)
  • $67.23 P/E (TTM): 22.89X Cap: $20.12B
  • View EMA Profile
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• Brookfield Infrastructure Corporation Class A Exchangeable Subordinate Voting Shares (BIPC $63.57)
  • $63.57 Cap: $8.39B
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• Brookfield Renewable Corporation Class A Exchangeable Subordinate Voting Shares (BEPC $62.32)
  • $62.32 Cap: $23.44B
  • View BEPC Profile
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Q: I have no utilities in my RRSP portfolio at this time. What are you preferred utilities in order of preference to buy now for total return (dividend and potential growth)? Any preferences among these that I'm thinking about being Fortis (FTS.TO / FTS), Emera (EMA.TO), Brookfield Infrastructure (BIPC.TO), Brookfield Renewable (BEPC.TO)?

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Read Answer Asked by Gerry on May 09, 2023

• AbbVie Inc. (ABBV $219.16)
  • $219.16 P/E (TTM): 104.8X Cap: $387.34B
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• NextEra Energy Inc. (NEE $83.93)
  • $83.93 P/E (TTM): 26.11X Cap: $174.79B
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• Pfizer Inc. (PFE $24.43)
  • $24.43 P/E (TTM): 13.22X Cap: $138.90B
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• Williams Companies Inc. (The) (WMB $59.58)
  • $59.58 P/E (TTM): 29.26X Cap: $72.76B
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• National Grid Transco PLC PLC (NEW) American Depositary Shares (NGG $77.75)
  • $77.75 P/E (TTM): 19.02X Cap: $76.42B
  • View NGG Profile
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Q: Is NGG currently good value? Can you recommend other similar quality dividend paying alternatives?

Upvote 1

Read Answer Asked by David on May 09, 2023