Q: Would you please comment on the performance of Telus. YTD the stock is up about 3%. I am looking for some growth. Should I keep it or move on? Thanks guys.
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Investment Q&A
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Q: Hi 5i: Previous governance issues aside, it seems to me that Enercare’s management is looking like a combination of clever and lucky. Presumably they were working on the details of the announced business acquisition from Direct Energy for the past few months, while watching the ECI share price working its way above the $12 level. They get to a deal they like the look of: immediately accretive to earnings and growing the business in a reasonably logical way. While all that is going on they get an overture from TSSP with a low-end valuation of $13.50 and when that news is released their currency for the Direct Energy business purchase (i.e. their share price) jumps up above 13.50 and they immediately sell out a $310mm financing at $13 per share to fund it. Now that Direct Energy deal is looking just that much more affordable and hence that much better; they have a bunch of new shareholders in at $13 and expecting a profit from that level; and they just made ECI into an even more valuable entity to sell to TSSP or whoever else may be interested. Initially they had responded to TSSP by saying we aren’t even interested in talking to you at $15 per share (which appears to have been a number TSSP put into the conversation). So where does it go from here? Would you consider it to be a good idea to add to a partial position (about 3%) at the current market price? To balance out my little sketch, can you please highlight the main risks for investors? Thanks!
Q: PPY, BXE, TOG, I would like to consolidate my half position in these stocks into one full position. Do you agree and which one would be your recommendation. I am well represented in energy stocks with 37% weight in my portfolio. Thanks for your expertise , Jerry Gazarek
Q: Could you comment on Premium Brands(PBH) for income, with respect to payout percentage, dividend stability and debt levels? I am looking at about a 2% position and currently hold nothing similar.
Thank-you
Thank-you
Q: What are you thoughts on Atrium Mortgage earnings.
Q: A broker research report on IPL states that "Our target price ($30) is predicated 75% and 25% on our 2015 and 2016 financial estimates,respectively, as follows: 1) 25% EV/EBITDA multiple of 15.5x, 2) 25% relative dividend yield of
175%, and 3) 50% free cash flow yield of 6.5%. Our target price also incorporates a 2.50% 10-year
Government of Canada bond-yield assumption."
They give IPL (our 8th largest holding) a forward PE of 28X and the others we hold in the Pipeline Sector at lesser weights than IPL - for ENB 23X and ALA 25X though the target prices for the other 2 are positive. We all know that brokers' research reports are intended to get clients to trade but I wonder if I should at least reduce IPL holdings to boost the other 2 especially as the PE numbers are quite rich?
Also do you agree with the research numbers and do you perhaps feel that the sector as a whole is pricey? Thanks, J.
175%, and 3) 50% free cash flow yield of 6.5%. Our target price also incorporates a 2.50% 10-year
Government of Canada bond-yield assumption."
They give IPL (our 8th largest holding) a forward PE of 28X and the others we hold in the Pipeline Sector at lesser weights than IPL - for ENB 23X and ALA 25X though the target prices for the other 2 are positive. We all know that brokers' research reports are intended to get clients to trade but I wonder if I should at least reduce IPL holdings to boost the other 2 especially as the PE numbers are quite rich?
Also do you agree with the research numbers and do you perhaps feel that the sector as a whole is pricey? Thanks, J.
Q: Hi guys , great service been in for a year plus and am very happy.
Can you project what will happen to dividend flat and dividend growth stocks if we see a bump up in inflation and a rise in interest rates.To the point are dividend stocks overvalued historically, in the relentless search for yield.
Can you project what will happen to dividend flat and dividend growth stocks if we see a bump up in inflation and a rise in interest rates.To the point are dividend stocks overvalued historically, in the relentless search for yield.
Q: Accord financial (ACD) released earnings. Can you comment on its valuation in light of the earnings?
Thanks.
Thanks.
Q: Perhaps you could indulge me with a few suggestions. I have owned TML for ions, but I see insider buying. Should I sell now or perhaps buy more. I have been successful with CWX on buying because of insiders and am up 20% in 2 weeks. Should I sell it now since I see the future 1/4's may be cyclically weaker. I have also owned TMM forever, I am above water but wonder if I should sell and deploy somewhere else. Now that Sentry has put their person on the board do you forsee upside (as in possible merger or takeover)?
I am wondering because CAT remarks have indicated little business in the mining sector, if I should give up on the golds despite the so called good seasonality of the metal at this time. Would you sell the above mentioned positions and deploy elsewhere, and if so what sectors would be appealing. I could add to health, tech,consumer cyclicals, I will await your comments & recommendations. Thank you so much for your objective evaluations, they are very much appreciated.
I am wondering because CAT remarks have indicated little business in the mining sector, if I should give up on the golds despite the so called good seasonality of the metal at this time. Would you sell the above mentioned positions and deploy elsewhere, and if so what sectors would be appealing. I could add to health, tech,consumer cyclicals, I will await your comments & recommendations. Thank you so much for your objective evaluations, they are very much appreciated.
Q: Would you consider taking a 3% position in pot at this level for a long term hold?
Stan
Stan
Q: I would like your input on PSD Today price at 52 week low. Is this a good entry point? I am longterm investor, don't trade regularly. Thank you
Q: Norbord: Bought at $30 and have watched it tank day after day. Where does this stock have support? Is it still worth holding, in your opinion, or better to move on?
Q: In response to Ben's question about TMC underperforming AI: the 10.4% cut in TMC's distribution a week ago would be a major factor...
Q: Greetings:
I own both atrium and timbercreek,TMC and AI. They are in the same business, and although one always stands to be corrected, I believe Atrium is maybe managed a little better. In the most recent week ai has held firm and maybe a little up while tmc is hurting. Any ideas?, because interest rate movements and discussions should affect them equally.
Thanks, BEN
I own both atrium and timbercreek,TMC and AI. They are in the same business, and although one always stands to be corrected, I believe Atrium is maybe managed a little better. In the most recent week ai has held firm and maybe a little up while tmc is hurting. Any ideas?, because interest rate movements and discussions should affect them equally.
Thanks, BEN
Q: I would like to hear your comments on CWX. It has been upgraded by some analysts today, and took a pretty big jump. Do you think it is still at a decent entry point, and what are your thoughts on the security of the dividend considering their last reporting. Thanks!
Q: Your opinion on wajax
Q: Have things changed with DR since your last report on May 15, appears to be going down. Thanks you jack
Q: Is this a good entry point for Fortis? Thank you.
Q: Peter & Team, can you obtain any broker insights into 4% price rise in IPL today? Very big move for this stock and it is outperforming the sector today by about 4 times. Thank you, Keith
Q: Peter
I have $55,000 in Bell Alliant(BA), $80,000 in B.C.E. and $30,000 in Telus which is approximately 8.5% of the equity portion of my portfolio . I will incur approximately a $10,000 capital gain if I sell Bell Alliant as opposed to exchanging shares for B.C.E. as per recent proposal. Alternatively, if I sold Bell Alliant, I could put the funds into Telus to provide more balance. What are your thoughts on this? Is 8.5% too high a concentration in telecommunications, given our present government's continuous threat to shakeup or shakedown the industry?
I have $55,000 in Bell Alliant(BA), $80,000 in B.C.E. and $30,000 in Telus which is approximately 8.5% of the equity portion of my portfolio . I will incur approximately a $10,000 capital gain if I sell Bell Alliant as opposed to exchanging shares for B.C.E. as per recent proposal. Alternatively, if I sold Bell Alliant, I could put the funds into Telus to provide more balance. What are your thoughts on this? Is 8.5% too high a concentration in telecommunications, given our present government's continuous threat to shakeup or shakedown the industry?