Investment Q&A

Q: Canadian restaurant income trusts were marvelous investments last year. A&W was up over 40% in the last year in addition to a healthy dividend. The others were up between 26%-33%. Do you expect this kind of growth to continue in 2017? If not, what would be more reasonable to expect?

Q: Would you recomment Bombardier at this point? Looks like things are better than they were last year.

Q: hello 5i:
could you please comment on the debenture issued today by Algonquin? Good investment on the income side of a portfolio? Do you have a "favorite" or favorites in this space, as you do with stocks?
eg. you have said PBH is one of your "favorite" stocks.

Q: What are your views on this stock now and do you see the dividend as sustainable?

Q: Hi,

I am looking to add more income to my portfolio. Currently own XCB and VSB and some cash that I want to deploy into another ETF. Which income etf's would you recommend to add or would you simply add to the existing holdings?

Thank you

Q: Hi,

Can you provide your opinion on this close ended fund. Based on the investments within the fund I can't wrap my head around how they get the +8% yield. It appears they use some leverage and possibly part of the yield is return of capital but even if that is correct it seems high. I currently own XTR and it has met my objective of steady income. If you think this will perform similarly I'd be happy. Will invest in this inside an RRSP. Thanks

Q: Hi Team, Sorry, another US question please. Yesterday a member asked about Southern Company (SO) a US utility. I have a similar question about Consolidated Edison (ED). Do you think it is a decent US holding for income? Of the two (SO and ED) do you see an obvious preference?

Many thanks.

Michael

Q: Given the most recent pullback HBC has come on my radar list as a value play. I'm going to be looking into it today. What are your thoughts? Do you think the decline in share price will force management to create value through their real estate holdings are possibly take the Company private?

Thanks,
Jason

Q: A $400MM bought deal at $18.35 was just announced and trading is temporarily halted. If the share price drops to near this level, would you view it a a good entry point? How would you rate Chemtrade for income and possibly some growth? Are there better alternatives? Thinking of 1/2 position.

Q: Can I please get your latest read on short interest and insider ownership for ClearWater Seafoods? Are either concerning? I'm looking to take a position on recent weakness. Thanks.

Q: Appreciate your thoughts on Corby, which I've owned for several years with a small price appreciation. Dividend is nice but stock won't go up. I already own Andrew Peller, would you recommend selling Corby and do you have any advice on replacement consumer discretionary.
Thank you.

Q: Hi 5i Team,

Which stocks pay their dividends monthly instead of quarterly?

Thanks,

Henry

Q: Outside of MG, TD and SLF (all of which I own) and their respective sectors, which companies in your coverage universe do you think fit traditional value metrics? Are there any companies in Canada that are outside of your coverage that you would both endorse and seem like value propositions? Thank-you.

Q: Hi 5i team,

Are the dividends paid by this group qualify for the Dividend Tax Credit?

Thanks for your great service.

Henry

Q: In pursuing my goal to maintain a well-diversified portfolio, I am trying to decide how and even why to differentiate between pipelines and utilities. Both sectors operate in regulated sectors (at least in Canada), both sectors will be adversely affected by higher interest rates due to debt levels and both sectors generally pay reasonably attractive dividends. As for their differences, I see utilities potentially performing better as the economy improves and the pipelines more affected by politics.

Should these sectors be treated as different when composing a portfolio or can companies be "mixed and matched" under a more generic "regulated" or quasi "fixed income" part of the portfolio and thereby treated as almost the same?

If your answer is "yes" would you endorse a switch from IPL to AQN for better long term growth with less volatility? (taxes not an issue)

Appreciate your insight.

Paul F.

Q: Looking at the financials of ET I can see why it is included in the income portfolio. However, since there are no reports, either with 5i or Morningstar can you please advise as to why YOU have considered it as a holding in the income portfolio?
Thank you

Q: Market reaction on the previous earnings report for Aecon, AutoCanada and Brookfield Asset Management brought me unpleasant surprises and the price of stocks substantially dropped. This makes me nervous as we approach the new earnings season. My questions are:
1. Would you recommend holding the above listed stocks or perhaps selling some of them?
2. In general, shouldn't it be safer to sell all stocks a week or two before earnings, an buy them again later?

Q: In the REIT sector I currently own ZRE & XRE. I am moving my REITS to my RRSP due to the tax implications ( ie no Dividend Tax Credit ). 1)
1) What are you favourite investments in this sector ?
2) Do you see a need to own individual REITS as opposed to an ETF?

Thank you.

Paul

Q: i have full positions in both these companies and would like your analysis in regards to safety of dividend and earning estimates for corus upcoming earning reports. Will NIF survive?

Q: In November of '15 I took a half position in Chorus and was rewarded with a 25% return on the stock price in '16 plus a nice phat dividend.

My question: I am curious why this stock does not get more market love, especially in a time when value is supposed to dominate? I know the price has been particularly trending up in the last few months since their expansion announcement, and debt is still on the high side but in a quite expensive market the forward PE is STILL under 10 at 9.17 (Globe Investor), and it's in the now sexy aviation area.

I'm thinking of doubling down and moving to a full share. Any reason why I shouldn't?

Thanks!