Investment Q&A

Q: Hi there

You answered a question yesterday about OSL.un Onex Credit Partners and said that it might be down because of overall economic outlook and "we would hope to see this one be stronger over a 3 year timeframe." I own OSC.Un which is a similar security I believe and is also down considerably. I am wondering what to do with this fixed income security. I would gladly hold if there is some chance that it might recover somewhat over a few years as I get a good dividend. Are your views similar on this security that if credit markets get better then OCS.Un should recover? A couple of related questions - are the loses in NAV reflecting a ongoing payout of capital and/or permanent impairments or more just a lower pricing of current assets. I would think that with the cash generated by loans that OCS.Un would be able to buy debt at pennies on the dollar?

Thanks

Q: Is there anything fundamentally wrong with this co. Dividend up every year and projected up in next two years by the co. Yet share price continues to fall yielding 9% .I'm confused.

Q: 5i Team -

Can you please provide your analysis on Whitecap Resources? What is their debt/cash flow? Can they survive with $30 WTI over the next Year? How does WCP stack up against CPG? Thank You!

Q: Hi Guys,

I am an income oriented investor with the following financial stocks:

Bank of America (BAC)
Bank of Montreal (BMO)
Genworth Canada Inc (MIC)
Gluskin Sheff (GS)
Royal Bank (RY)
Sun Life Financial (SLF)
Toronto Dominion Bank (TD)

They all represent roughly equal value in my portfolio and are all within my minimum and maximum allocation. The overall financial area is within my global limits. I have no additional cash to invest. I have the following questions:

1)Would you sell any?
2)If you would make a sale, how would you replace it in the financial area?
3)Do you see more than a 10% chance of a dividend cut in the next 3 years for any stock?
4)Any other comments would be appreciated.

Please charge 2 credits due to the number of securities involved.

Thanks
John

Q: What do you think of buying Gibson Energy for future growth and dividend payments? How safe is the dividend? Am looking for 3-5 year plan. Also, does not the commodity price tend to overshoot both up and down? I recall selling my HOD.To and SLV when silver came close to $50 and oil in 2008 or 2009 came way up when Goldman-Sachs said it was going to $200 a barrel. I recall the high overshoots were both spikes and did not last long. Do you expect the low price of oil to be a spike and return to 45-55? Thanks. A great service that you do.

Q: I would like to buy some canoe EIT the shares went down big time and it pays 10 cents dividend each month
Do you think it's a good investment?
Also I have 100 k to invest in the bond market short term
Do you have any suggestions?
Thanks for your help
Ben

Q: There has been a large drop in the price recently. What are your thoughts on the company. Is it time to sell?

Q: Hi. I would like your opinion of osl.un. I have held it for a number of years and it has consistently paid a 5% dividend. Recently they announced that its forward agreement with BNS has expired in November. Since then the share price has gone down considerably. Would this be a good time to sell off or is it just a blip that will correct itself later. My time frame before I have to start withdrawals is 3 years.
What does this "forward agreement" actually mean?

Thank you for your input.

Q: I have 50% cash in my RRSP and I recently purchased a half position in Boardwalk REIT to take advantage of the large sell off. I would like to add U.S. multifamily housing exposure as well and I am debating between Tricon Capital Group and Milestone Group. Which would you prefer for U.S. housing exposure. I intend to hold the positions for the medium term (2-3 years).

Thanks,
Jason

Q: I would think that as the market continues to go down the chances of someone taking out CSE for a premium price goes down as well. If you owned CSE would you be selling today as a lot of better quality names have fallen in the last 10 days? THANKS

Q: Could you explain the difference between VSB & VSC and what your preference would be for a parking cash for the short term of 6 to 12 months and if you would recommend either? With thanks, Bill

Q: XTR pays a dividend of 6.99% currently. What is your opinion of a new retiree purchasing this ETF and holding it in a TFSA account? Would it be better to hold it in an RRSP or margin account? Is the 6.99% considered a dividend or income for tax purposes? Is the income reliable long term? Would CDZ be a better choice? Thank you for your excellent service!!!!

Q: Could you recommend other very stable high quality 5% plus dividend paying stocks (like BIP.UN which you have already commented on) which have sold off solely due to market fears. I already own BEP.UN which might fall into this category. Thanks.

Q: Hi, 5i
Regarding pbh, what are the biggest risks involved? How are its margins? Do you know their customers?(Starbucks? I think is one). The food business is "to my knowledge" highly competitive and margin sensitive, is pbh a good enough company to overcome its sector or do you think other stocks are better?
Thanks

Q: In view of recent turbulence and volatility, is there any change in your previously expressed opinions of SOX? Can the dividend be maintained?

Q: I parked money in PSA in order to get a 1% retune while I decide what to do with the cash. I notice on the Purpose Investment website the following disclaimer
"Fund securities are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer"

Can you comment. I was under the impression that 100K is insured under CDIC

Thanks! Nice to have a go to service to ask these type of questions

Q: What would be your recommendations for investment vehicles (with low MER) to hold cash at this time?

Q: Hi,
Can you give me your thoughts on the price weakness? Bip.un has been a strong and consistent performer in my portfolio. Is it a good time / price to buy here? Do you expect anticipate good upside over the next 12-18 months / longer or is there reason to be more cautious/sell?

Thank you

Q: If holding so called high interest saving vehicles (like TDB8150) in an investment account are subject to bail in legislation, where could one hold cash to avoid bail ins? Depositors in banks are considered "investors" under current laws and subject to confiscation in bail ins, but would you be exempt if you held cash in an investment account. You earn zero interest if you hold cash in an investment account so it would be hard to say you are an investor with that cash.
Thanks

Q: BIP.UN has give up all of the gains last year and is now trading at a 52 week low with a yield of over 6%. This looks like a great buying opportunity - do you agree? Thanks