Investment Q&A

• Bank of Nova Scotia (The) (BNS $89.22)
  • $89.22 P/E (TTM): 17.14X Cap: $110.48B
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• Enbridge Inc. (ENB $67.73)
  • $67.73 P/E (TTM): 23.64X Cap: $147.45B
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• Sun Life Financial Inc. (SLF $81.70)
  • $81.70 P/E (TTM): 14.78X Cap: $46.22B
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• Algonquin Power & Utilities Corp. (AQN $7.59)
  • $7.59 Cap: $5.82B
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• Thomson Reuters Corporation (TRI $232.87)
  • $232.87 P/E (TTM): 46.71X Cap: $104.96B
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Q: Top 5 picks for a Smith Maneuver portfolio of dividend paying stocks for someone in their late 30's?

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Read Answer Asked by Jamie on March 06, 2020

• Toronto-Dominion Bank (The) (TD $108.25)
  • $108.25 P/E (TTM): 9.04X Cap: $184.34B
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• Bank of Nova Scotia (The) (BNS $89.22)
  • $89.22 P/E (TTM): 17.14X Cap: $110.48B
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• Sun Life Financial Inc. (SLF $81.70)
  • $81.70 P/E (TTM): 14.78X Cap: $46.22B
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Q: I know you really like BNS but with TD at a 52 weeks low, would you pick it over BNS for a long term holding. (Building a position for dividend income)

Also, can you explain me if there is an advantage to own 2 full positions of banks vs 1 of bank and 1 of SLF (knowing that its your top insurance company pick)

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Read Answer Asked by Olivier on March 06, 2020

• Miscellaneous (MISC)
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Q: On the question asked by James..."Canadian names paying US dividends", does that only work if a person has a non registered US account or can the same benefit work in a Canadian non registered account?

thanks,

Paul

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Read Answer Asked by Paul on March 06, 2020

• Alaris Equity Partners Income Trust (AD.UN $19.25)
  • $19.25 P/E (TTM): 6.32X Cap: $868M
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Q: What do you think of Alaris quarterly report?

The numbers for 2019 look to be exceptional, however, the problems in Q1 2020 and what they might imply are difficult to ascertain. Your opinion please.

Also they expect a 10% increase in distributions. Is that distributions to them or distributions to shareholders?

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Read Answer Asked by arnold on March 06, 2020

• Alaris Equity Partners Income Trust (AD.UN $19.25)
  • $19.25 P/E (TTM): 6.32X Cap: $868M
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Q: What do you think of their latest results.

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Read Answer Asked by don on March 06, 2020

• Invesque Inc. (IVQ $0.13)
  • $0.13 Cap: $105M
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Q: Could you give an update on IVQ. Is the nice dividend safe and how would it hold up in a recession.

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Read Answer Asked by Bruce on March 06, 2020

• Firm Capital Mortgage Investment Corporation (FC $12.34)
  • $12.34 P/E (TTM): 23.78X Cap: $451M
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Q: Why has this stock tumbled ? Seemed like a solid dividend play.

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Read Answer Asked by Albert on March 06, 2020

• Ovintiv Inc. (DE) (OVV $42.01)
  • $42.01 P/E (TTM): 18.62X Cap: $10.81B
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Q: OVV (Encana): just looked at fundamentals supplied by CIBC Investors Edge - everything looks very good, if the data is correct? Please provide comments on this stock for me as a potential BUY or not? What are the true facts? Here is what CIBC had: ROE=15.47, TTM PE = 1.75x, B.V. = $28.00, D/E = 83% (high) & PR = 7.17%.

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Read Answer Asked by James on March 05, 2020

• Carnival Corporation (CCL $31.28)
  • $31.28 P/E (TTM): 16.42X Cap: $42.28B
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• Air Canada Voting and Variable Voting Shares (AC $18.88)
  • $18.88 P/E (TTM): 5.14X Cap: $5.56B
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Q: Been keeping an eye on the travel stocks as they get pummeled by coronavirus concerns. CCL yield becoming very attractive--do you think there is a risk of them cutting the dividend as they battle through the inevitable sales decline over the next 12-24 (?) months

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Read Answer Asked by Brett on March 05, 2020

• BCE Inc. (BCE $32.16)
  • $32.16 P/E (TTM): 70.04X Cap: $30.17B
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• TELUS Corporation (T $22.08)
  • $22.08 P/E (TTM): 34.23X Cap: $33.96B
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Q: Hi
Interested in buying bce or telus. Which do u prefer and would u buy now or wait. Thanks Clare.

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Read Answer Asked by clara on March 05, 2020

• Enterprise Products Partners L.P. (EPD $31.80)
  • $31.80 P/E (TTM): 11.81X Cap: $69.43B
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Q: You have commented on this company in the past.
What are your current views and what does your crystal ball show going forward.
Thank you

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Read Answer Asked by JACK on March 05, 2020

• Inter Pipeline Ltd. (IPL $19.12)
  • $19.12 P/E (TTM): 17.07X Cap: $77.95B
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Q: Inter Pipeline has a current dividend of 8.9 %. According to TD Waterhouse today, the the 2020 estimated payout ratios are 81 % of AFFO and 197 % of EPS. The net debt to EBITDA ratio is 6.3 %. These numbers are high compared to other similar companies. Would it make sense to sell this stock and purchase ENB or PPL instead ? Thanks, Joe

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Read Answer Asked by Joseph on March 05, 2020

• Polaris Renewable Energy Inc. (PIF $13.49)
  • $13.49 Cap: $284M
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Q: What is your assessment of PIF quarterly results that were issued today?

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Read Answer Asked by Brian on March 05, 2020

• Graphano Energy Ltd. (GEL $0.22)
  • $0.22 Cap: $3M
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Q: Some comments on Genesis please. They've suffered from a hate for anything related to oil, a well deserved market downturn, and coronavirus. On the other hand they have a substantial distribution, part of which is withheld by the IRA. Is this a sleeping dog best left alone?

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Read Answer Asked by Larry on March 05, 2020

• Johnson & Johnson (JNJ $175.55)
  • $175.55 P/E (TTM): 18.87X Cap: $426.75B
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• Verizon Communications Inc. (VZ $43.73)
  • $43.73 P/E (TTM): 10.2X Cap: $186.40B
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• Constellation Software Inc. (CSU $4,294.71)
  • $4,294.71 P/E (TTM): 107.55X Cap: $90.73B
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• Gildan Activewear Inc. (GIL $75.28)
  • $75.28 P/E (TTM): 17.3X Cap: $11.16B
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• Thomson Reuters Corporation (TRI $232.87)
  • $232.87 P/E (TTM): 46.71X Cap: $104.96B
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Q: I am interested in purchasing some stocks for my non registered US account with the primary purpose is to provide income. What would be your top 3 Canadian companies that pay their dividends in US funds and what 3 US companies would you recommend?

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Read Answer Asked by James on March 05, 2020

• Brookfield Renewable Partners L.P. (BEP.UN $35.23)
  • $35.23 Cap: $22.96B
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• TransAlta Renewables Inc. (RNW $12.48)
  • $12.48 P/E (TTM): 45.91X Cap: $3.33B
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• iShares Jantzi Social Index ETF (XEN $45.17)
  • $45.17 Cap: $153M
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• Hydro One Limited (H $48.43)
  • $48.43 P/E (TTM): 23.23X Cap: $29.08B
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Q: I have a question, are there any socially responsible companies paying a dividend listed on the TSX that are good candidates to own in a portfolio?

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Read Answer Asked by Martin on March 05, 2020

• Mattr Corp. (MATR $11.27)
  • $11.27 P/E (TTM): 15.86X Cap: $695M
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Q: Bought at $10.75 a few months ago. About $7.50 today. Should I just sell and take the loss in my TFSA? Thanks for your reply.

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Read Answer Asked by Ian on March 05, 2020

• Freehold Royalties Ltd. (FRU $13.69)
  • $13.69 P/E (TTM): 17.75X Cap: $2.22B
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Q: Do you think that dividend is safe here? If they cut it in half, would this still be worth holding for a few years in registered acct?
Thanks.

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Read Answer Asked by Tim on March 05, 2020

• BCE Inc. (BCE $32.16)
  • $32.16 P/E (TTM): 70.04X Cap: $30.17B
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• Magna International Inc. (MG $65.09)
  • $65.09 P/E (TTM): 10.77X Cap: $18.14B
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Q: I'm a little low in both of these sectors and was wondering which of these two companies you would currently invest in.

Dave

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Read Answer Asked by David on March 05, 2020

• BCE Inc. (BCE $32.16)
  • $32.16 P/E (TTM): 70.04X Cap: $30.17B
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• Shaw Communications Inc. Class B Non-voting Shares (SJR.B $40.48)
  • $40.48 P/E (TTM): 12.15X Cap: $20.22B
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Q: Of these two companies, which one do you prefer

Dave

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Read Answer Asked by David on March 05, 2020