Investment Q&A

• Bank of Nova Scotia (The) (BNS $104.30)
  • $104.30 P/E (TTM): 25.36X Cap: $129.49B
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• BCE Inc. (BCE $34.25)
  • $34.25 P/E (TTM): 5.26X Cap: $31.93B
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• Brookfield Renewable Partners L.P. (BEP.UN $41.60)
  • $41.60 Cap: $27.37B
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Q: With a theoretical projection that a slow-down is nearing, which 5 dividend paying stocks would 5i suggest to your readers that can ride out a market decline and offer a reasonable rate of return on investment?

Thank you
Debbie and Jerry

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Read Answer Asked by Jerry on January 17, 2019

• NFI Group Inc. (NFI $17.50)
  • $17.50 Cap: $2.08B
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Q: At the current price level NFI is yielding a bit over 5%. Is this payout level sustainable? If so, would it be advantageous to pick up NFI as a yield stock and wait? Albeit, unlike most yield stocks, this is one with substantial upside potential. Your take please,

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Read Answer Asked by Victor on January 17, 2019

• Tricon Residential Inc. (TCN $15.34)
  • $15.34 P/E (TTM): 28.0X
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• Cargojet Inc. Common and Variable Voting Shares (CJT $95.43)
  • $95.43 P/E (TTM): 12.5X Cap: $1.43B
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• Morneau Shepell Inc. (MSI)
  • P/E (TTM): 82.4X Cap: $2.21B
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Q: I HAVE CONSTELLATION CSU.DB AND AM LOOKING FOR ANOTHER DEBENTURE. YOU HAVE RECOMMENDED CJT.DB IN THE PAST. OF CJT AND CHR WHICH IS YOUR PREFERENCE. ANY OTHER DEBENTURE YOU MAY CONSIDER TO BE WORTHY WOULD BE WELCOME. THANKS

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Read Answer Asked by Maureen on January 16, 2019

• Brookfield Renewable Partners L.P. (BEP.UN $41.60)
  • $41.60 Cap: $27.37B
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• Algonquin Power & Utilities Corp. (AQN $8.90)
  • $8.90 Cap: $6.83B
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• TFI International Inc. (TFII $166.50)
  • $166.50 P/E (TTM): 30.87X Cap: $13.70B
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Q: Investment for the next year, your choice and why? Interested in income and growth.

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Read Answer Asked by Harold on January 16, 2019

• Crius Energy Trust (KWH.UN $8.80)
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Q: Comments please and direction following the announcement by Cirus.

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Read Answer Asked by Marty on January 16, 2019

• Crius Energy Trust (KWH.UN $8.80)
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Q: Any thoughts on the "no significant news" drop today?
Have held on to my small position - extremely tempted to add a little more.

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Read Answer Asked by David on January 16, 2019

• Exchange Income Corporation (EIF $98.63)
  • $98.63 P/E (TTM): 36.44X Cap: $5.35B
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Q: Good day team. Do you believe EIF will increase their dividend this year?

Cheers

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Read Answer Asked by Alan on January 15, 2019

• iShares S&P/TSX Canadian Preferred Share Index ETF (CPD $13.76)
  • $13.76 P/E (TTM): 6.96X Cap: $1.05B
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Q: I hold the above. Is it true that institutional investors are not very active In the preferred market? If this is true then why should retail investors hold these investments, especially given the expeience .of the last few years with the reset disaster?

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Read Answer Asked by William Ross on January 15, 2019

• CI Financial Corp. (CIX $31.99)
  • $31.99 Cap: $4.58B
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• Fiera Capital Corporation Class A Subordinate Voting Shares (FSZ $5.74)
  • $5.74 P/E (TTM): 23.0X Cap: $612M
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Q: Which of the above 2 companies would you prefer for a RRIF account and why? Which one has the lowest risk.

Wayne

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Read Answer Asked by Wayne on January 15, 2019

• WSP Global Inc. (WSP $265.84)
  • $265.84 P/E (TTM): 38.86X Cap: $33.93B
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• Exchange Income Corporation (EIF $98.63)
  • $98.63 P/E (TTM): 36.44X Cap: $5.35B
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Q: Over the past 2 years I have slowly adjusted my portfolio to be more growth (overall return) focused as opposed to heavily dividend focused. I am considering selling EIF and purchasing WSP. WSP is a larger company with a higher valuation which I'd be okay with as long as I'm paying for a better company with higher growth prospects. Your thoughts, please.

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Read Answer Asked by Brent on January 15, 2019

• WSP Global Inc. (WSP $265.84)
  • $265.84 P/E (TTM): 38.86X Cap: $33.93B
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Q: Hi,
In your answer to Cliff on January 14, you mention WSP as having a 10% annual dividend growth over 10 years. It is not the case, WSP does not have any dividend growth over 10 years.

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Read Answer Asked by Guy on January 15, 2019

• BCE Inc. (BCE $34.25)
  • $34.25 P/E (TTM): 5.26X Cap: $31.93B
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• Rogers Communications Inc. Class B Non-voting Shares (RCI.B $49.29)
  • $49.29 P/E (TTM): 4.09X Cap: $27.06B
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• TELUS Corporation (T $19.32)
  • $19.32 P/E (TTM): 25.4X Cap: $30.27B
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• Shaw Communications Inc. Class B Non-voting Shares (SJR.B $40.48)
  • $40.48 P/E (TTM): 12.15X
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Q: I currently have zero exposure to the Communications sector. Do you recommend having at least one company from this sector in one's portfolio, even it it already has other dividend-paying companies (BEP.un, SLF, CSH.un, etc)? What is your favourite Canadian company in this sector, and why? Do you suggest staying with a Canadian company to address this sector in one's portfolio, or would a US Communications company be a better option? Thanks in advance.

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Read Answer Asked by Jonathan on January 14, 2019

• Toronto-Dominion Bank (The) (TD $131.99)
  • $131.99 P/E (TTM): 11.13X Cap: $225.33B
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• Brookfield Renewable Partners L.P. (BEP.UN $41.60)
  • $41.60 Cap: $27.37B
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• Emera Incorporated (EMA $67.37)
  • $67.37 P/E (TTM): 18.56X Cap: $20.25B
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• Premium Brands Holdings Corporation (PBH $100.25)
  • $100.25 P/E (TTM): 67.22X Cap: $4.47B
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• Vanguard Growth ETF Portfolio (VGRO $44.01)
  • $44.01 P/E (TTM): 18.21X Cap: $8.90B
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Q: Does the following make sense, or is there a flaw I'm missing? For a beginning RRSP with 35 yrs to retirement: 50% VGRO and 50% equal amts TD, EMA, PBH, BEP.UN? ( to increase Cdn exposure and to make a little more conservative)
Thank you.

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Read Answer Asked by M.S. on January 14, 2019

• Great-West Lifeco Inc. (GWO $61.53)
  • $61.53 P/E (TTM): 14.34X Cap: $56.83B
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• Sun Life Financial Inc. (SLF $88.99)
  • $88.99 P/E (TTM): 22.2X Cap: $49.60B
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• Superior Plus Corp. (SPB $7.35)
  • $7.35 P/E (TTM): 110.35X Cap: $1.63B
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Q: I'm looking to add to the above 3 as I'm not over-weight. Is now a reasonable time or do you have concerns with any of these.

Thanks,
Robert

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Read Answer Asked by Robert on January 14, 2019

• Corus Entertainment Inc. Class B Non-Voting Shares (CJR.B $0.04)
  • $0.04 Cap: $6M
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Q: Would like your assessment of the results announced today.
Is it worth considering as a buy.

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Read Answer Asked by Douglas on January 14, 2019

• Brookfield Renewable Partners L.P. (BEP.UN $41.60)
  • $41.60 Cap: $27.37B
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• H&R Real Estate Investment Trust (HR.UN $10.84)
  • $10.84 Cap: $2.98B
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• Brookfield Infrastructure Partners L.P. (BIP.UN $51.94)
  • $51.94 P/E (TTM): 56.15X Cap: $23.95B
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Q: Hi, is the distributions received from these stocks classified as dividend or R.O.C. ? What is your thoughts or can you suggest some good stocks that payout roc as I have a high income from dividends. I understand that roc lowers book value and in turn can increase capital gain. Thx Jack.

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Read Answer Asked by Jack on January 14, 2019

• Aimia Inc. (AIM $3.06)
  • $3.06 Cap: $277M
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Q: When does the Air Canada transaction close? Do you think it’s possible that the company will wing up or sell some more assets then wind up?

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Read Answer Asked by Cory on January 14, 2019

Q: Peter,

Do you have an issue with either of the following bonds?

Ford Credit - due May 8,2023 YTM of 5.167%
Brookflield Properties Corp July 3,2013 - YTM 4.199 %
I see Brookfield Asset Management bond ( 2023 ) has a YTM of 3.615%. Any reason for the difference in yield?
Thank you

Paul

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Read Answer Asked by paul on January 14, 2019

• Methanex Corporation (MX $64.50)
  • $64.50 P/E (TTM): 15.7X Cap: $4.98B
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• Magna International Inc. (MG $73.80)
  • $73.80 P/E (TTM): 14.16X Cap: $20.79B
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Q: In your recent comments you highly recommend MX.
How about MG in this environment ?
Also if I buy in Us$ i get the cdn dividend tax credit because of domicile. T

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Read Answer Asked by Denis on January 14, 2019

• Chorus Aviation Inc. Voting and Variable Voting Shares (CHR $21.38)
  • $21.38 Cap: $547M
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Q: What do you think of todays news is this a buy now for income and some growth.

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Read Answer Asked by don on January 14, 2019