Investment Q&A

Q: hello 5i:
in a comment on CSH.UN today, you felt that it was a good buy for income and some growth. I wish to establish a position, BUT, I see at the present time, Chartwell trades at a P/CF of 29.5, vs a 5-year average of 16.8. This appears to be very overvalued. Can you comment please?

Q: Have read a few of your answers regarding Veresen and some concerns that there may be a dividend cut. I wonder if you realize that 61% of their cash flow (attributable to dividends) is retained for investment in the new Montney gas plants and they issue shares for that amount thru their DRIP. Unlike many capital intensive companies that do separate offerings for new projects Veresen uses the cash saved from the DRIP, same end result though, some dilution associated with each project. Only 39% of their dividend is actually paid out in cash. Actually companies like Inter Pipeline see 50% of their dividends also paid out thru their DRIP as well, but they also do offerings associated with individual projects. If you look thru Veresens 2016 guidance you will see $200 mill a year being reinvested from their DRIP into the $1 bill Montney plants under construction. Whether you do it thru a DRIP or a separate offerings it would seem so long as they are getting an appropriate ROI this may be prudent. It also suggests that there is less risk than might otherwise be considered here given their planning and guidance is based on these facts. They have met guidance three of the last three years if you look at what was said and what has happened. Any thoughts on this information? Of course I realize no dividend is 100% safe, just wanted to point out that the actual cash portion paid out is substantially lower than their annual cash flow.

Q: How would you compare Fiera Capital and Gluskin Sheff going forward.

Q: Is Empire a buy at these levels ???

Q: which offers better growth prospects 2-3 year term?

Q: Why does Globe Investor shows a negative 311.03 Payout Ratio? There are a few others like this...WEN, KPT, BNS, etc. Are these errors?

Thanks as always!

Q: What do you think of the hydrto one new issue? Is it a good long term investment or is there something else that overs good income stream with some growth? Is it better to hold this type of stick in a registered or unregistered account.
Thanks

Q: Hi Peter, What are your thoughts on RSI as an income investment? From this point do you think it will probably have moderate growth? At the current dividend rate I would not expect an increase but would be content with the 7+ %. Thanks for all your advice.

Q: What happened to ENF today? We have 1000 shares. Sell half? Sell all? Can you recommend a better dividend paying stock? Thanks

Q: re recent transaction when stb reduced share count, why does market perceive this as a negative, tome it seems positive. dave

Q: Hello, Many Real estate investment trusts(e.g. IVR)and related ETFs (e.g. REM) distribute ~10 to 12% dividend. This appears very good but may be a high risk investment. What is your opinion about IVR REIT and REM etf?. Which one is better? or may be none?

Thanks

Q: Hello Team, I am thinking of buying this company. could I have your current thoughts on the company?

Thanks, Alan

Q: Hello Peter and 5i team,
What are your general thoughts on the pipelines at this time. In the past we owned Pembina and Interpipe line. Currently we have Transcanada and a small Enbridge holding. We were thinking of adding to Enbridge but it would mean selling Telus or Bce. What do you think of selling Telus and buying Enbridge. They both have similar dividends and the technicals favour Enbridge.
Your opinions are valued as always.

Q: your current view please as to :
1.management
2.order back log
3.div. safety
4.current stock price.
I understand they have a challenged balance sheet and are small.
thanks
yossi

Q: Hi there, can you recommend your top 5 companies with good prospects that currently have no analyst coverage (excluding 5i). Also, please briefly explain why you like them. Thanks!

Q: Hello Peter and the 5I team

I am curious about SIS. I have no doubt that there will be a bigger demand for these types of services and products in the future. What I am concerned about is potential competition. Who is their main competition?? What is the market share of this sector that SIS has?? What gives this company that moat to defend their market share?? I am also wondering what is the ROE of the company?? I was also curious, do they have a type of franchise system for distribution or are the dealers of the products directly owned by the company? Do they build the elevator and lift systems in China, I noticed the CEO mentioned they had people in China I expect that is to over see manufacturing of components for their lift equipment. Finally what is your opinion of the Management ( I watched a few videos on the guy, he seems Ok)???

Q: Thanks for your reply to my previous question, but I never had any thoughts of selling BCE. It is 5% of our holdings and has grown nicely, but I would like to add another telcom. RCI.B and T have disappointed so is there anything in Quebec or eastern Canada worth putting a toe in?

Q: I sold RCI.B yesterday, after its big drop, and bought Telus. T is gone this morning after it took a big drop. Now my only telcom stock is a 5% weighting in BCE, with a 38% gain. Can you recommend another telcom or should I quit while I'm ahead? Thanks

Q: I Would like your opinion on these two companies for dividend and stability for retirement income purpose. Shall I buy both for diversification or one better than the other. (NWH, TMC) Thanks

Q: Today XSR reported $84.4m Rev & 0.22 Eps which exceed Estimated $83.9m Rev & 0.9 Eps.Your expert opinion on the results & effect on price going forward as parent co. made a recent offer of $4.25 per share.Always appreciate your great services & views