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Investment Q&A

Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.

Q: I have owned TRP and ENB for years (10+) and have done well with both stocks. They have now become less than 1/2 weight positions at around 4% of my total portfolio. I was thinking of adding to them but I've been asking myself if I really want to add to positions when it's becoming just as difficult to repair pipelines as it is to build them. The dividends are nice but they haven't offset the decline in the respective stock prices so on a total return basis both companies are still negative for the year. I was thinking of switching out of TRP and ENB into VZ where I can get a similar dividend yield in a utility sector name but remove some of the industry noise associated with pipelines. Thoughts? Thanks
Read Answer Asked by Richard on July 08, 2020
Q: Can you recommend a portfolio of 5 or less stocks where the only criteria was safety and income, what would they be? Thanks, Bill
Read Answer Asked by William J on July 07, 2020
Q: I invested in QSR and TRI which to the best my know is with out a deposit receipt but that something for another day). I hold these in a balance portfolio. Now I see QSR is in the 5IR Income Portfolio. With that, would 5IR hold TRI in a balance or income portfolio?.
The reason I ask this as the weighting of these positions would be different in a balance portfolio than in the income one.
........curious me....Tom
Read Answer Asked by Tom on July 07, 2020
Q: Do you think that the majority of the dividend cuts are in now? If not, do you think the cuts will be sector specific (e.g. REITs, banks, etc.)? Could you summarise the sectors as you see them for probability of dividend safety / cuts?
Read Answer Asked by Elizabeth on July 07, 2020
Q: Hello it seems in-room dining will not be coming back for awhile.
I'm thinking The Keg would be one of the better Canadian restaurant investments. They should do better in restoring customer traffic as:
1. they already have more spacing between tables so they can maintain the same customer capacity/hour
2. Consistent quality of food and ambiance that is not as easy or convenient to recreate at home.
3. They already have great staff training when it comes to allergy awareness - this means it will be a better experience in training staff for Covid19 protocols
4. The people who go to The Keg tend to be more middle-upper income who are not affected as much by the shutdown.
5. If food ingredient prices increase, their margins may not be affected as much as ingredient expense is a smaller % of their overall expenses.
6. Landlords view them as a quality 'draw tenant' and so hopefully will work with them to maintain occupancy

What do you think? Is the distribution safe or if cut, would it be restored faster?
Read Answer Asked by Neelesh on July 06, 2020
Q: Hi. I would characterize myself as an income investor, but like many others am also trying to position myself for "conservative growth".

I currently hold 3% positions each in BIP, FTS, BEP and a 3.5% position in CPX. I also have a 4% position in ENB (I see it as a pseudo utility/energy).

I'm down about 5% on FTS and BEP, even on BIP and up 15% on CPX.

I'm thinking of selling FTS at a tax loss and picking up AQN for the higher dividend and what I see as better potential for growth.

I may consider adding FTS back in at a later date. What do you think of this strategy, or would I be better to leave things as is? Do you see BIP, BEP, AQN and CPX as having better growth potential in the next 1-3 years? What would be your recommendations given this mix of holdings?

Thank-you in advance.
Read Answer Asked by Cory on July 06, 2020
Q: I would like to add two companies to my portfolio to increase my US dividends. What would you pick from these 5? Currently NTR and QSR have a higher yield. Does this indicate a higher risk and should I look at a lesser Yield in order to preserve capital?
Read Answer Asked by Kelly on July 03, 2020
Q: I have trimmed stakes in LSPD, KXS and REAL having got in at opportune times, they were disproportionate in my portfolio. Can you suggest a stock or two to likely to perform well even if there is a further downturn?
Read Answer Asked by kevin on July 02, 2020
Q: Good morning and Happy Canada Day!
Thoughts on Evertz quarter and what your expectation of where the dividend goes from here. Would you expect them to return to .18 per quarter in short order or will we see a further cut ? Do you consider the dividend cut prudent or is it possible they are trying to chase away public shareholders and take the company private in the near term?
Thanks Rob
Read Answer Asked by Robert on July 02, 2020
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