Investment Q&A

Q: What is the appropriate payout ratio to look at for Enbridge? They just raised the dividend 10% which signals optimism; however, I'm looking at a Motley Fool article today that argues earnings and free cash flow are both below the amount of cash needed to pay the dividend. I believe it likely the author is looking at the wrong metric and wanted to get your view. How comfortable are you with ENB's payout ratios?

Also, what is the yield assuming current price and the newly raised 2019 dividend payments?

Many thanks.

Q: Lots of uneasiness and questions on TSGI it seems. I believe it has been consistently referenced as a company that you expect good upside from after tax loss selling. Is it still your view that it holds lots of upside potential or is the continued slide enough to shift your advice from possible buy to a hold/sell?

Q: comments on the latest quarter please ?

Q: I’m getting slaughtered on this one. Hang in?

Q: Would you say this is an accurate way to characterize Knight Therapeutics?

The Globe and Mail reports in its Monday edition that the markets are on edge and trend followers are running for the exits. The Globe's Norman Rothery writes in the Inside the Market column that it is hard for companies to raise money while fear stalks the land. Mr. Rothery says they risk becoming zombie stocks that shamble around a bit before keeling over. He says even in good times, firms with negative earnings fare poorly and are, as a group, best avoided. For the current column, Mr. Rothery says he focused on stocks that are, potentially, in much more dire circumstances. To find them he looked at earnings before interest, taxes, depreciation and amortization or EBITDA. It is bad enough to fall into the red after paying normal and recurring business expenses such as interest and taxes and other expenses; it can be deadly having negative earnings even before these essentials are paid for. Companies with negative EBITDAs are in a particularly precarious position and may be zombies. Matters get worse when the markets tumble and it becomes next to impossible to borrow money or to sell stock. Mr. Rothery's potential zombie stocks are Hexo, Knight Therapeutics, Advanz Pharma, Katanga Mining and Paramount Resources.

Thanks as always,

Rob

Q: According to a Morningstar report, year to date earnings per share are negative; yet another report I saw seems to contradict this. What do you see as this year's EPS?
Also what is your current projection for earnings over the next two years? And what are possible events that could affect your estimates either up or down?

Q: Something is not right here. A company doesn't drop 55% in a few months and continues to drop almost daily without a reason. Something is happening behind the scenes that is causing this.

Q: I bought back in to tsgi around 23.00, took a large position , good news on nba, but stock csnnot catch a bid even in an up market, so is something going on i am missing, is it their debt or something else, tax loss selling company seems to be doing everything right. Dave

Q: Hi 5i!
Pretty tepid reaction to yesterday's news. Even on today's broad market bounce, the stock doesn't seem to get any traction, holding barely into positive territory. And after a 50%+ fall from its june high, what are your thoughts on such negativity on TSGI? Has the fundamentals changes this much in 5-6 months? In hindsight, this feels like such a fad...

Anyways, thanks for 2018 and a Happy Holidays to all of you folks at 5i !!!

Q: On the Global evening news in Vancouver today, it was mentioned that Amazon is going into the toy manufacturing business. Have you heard anything regarding this topic? This can't be good for Spin Master. Could this be why Spin master stock is struggling?

Q: Stop buying this one on the way down, cannot seem to put in a bottom, great mgnt, huge return on equity, nice divvy, what is wrong read alpha report lots of junk.i think their high interest rates scare everybody, your opinion dave

Q: What are your thoughts on ABT? Is this a stock that I can buy and hold? Thanks!

Q: From a technical perspective is it time to sell GSY. It seems to have broken resistance to the downside, the next stop could be 10% lower. Your thoughts?

Q: What is happening to Sun Life , is interest rate uncertainty causing the last four months decline? thanks, Jean

Q: Just drove by a Boyd shop yesterday which had a sign saying "aluminum certified". What a great company. Aluminum cars and trucks are becoming more prevalent and not everyone has the abilities to work with it. Just another reason to own the company.

Q: Hi, Sylogist share price has retreated to $12.50 level, from the high of $14.50, a few weeks ago. Company increased the quarterly dividend by 18.75% recently and had positive notes on its outlook. It also continues buy back its shares, gradually ( in addition to small insider buying). Cormark bumped its price target to $18 and upgraded stock to Top Pick in September, 2018. What's your current view on the company ? Should the recent softness be attributed simply to markets and low liquidity of the stock ? Is it a good candidate to add for dividend and growth ? Thanks

Q: Hello,
If Bill s-237 get passed, how it impact GSY earning? Could 5i please do a math. Seeking Alpha said that Senate Bill could wipe out GSY's earnings.
Thanks
Victor

Q: Hi

I have not had time to do the research lately, but what is happening to SIS. I bought it at $16.60 abut a month ago when it was showing good potential and growth. I know that the stock market is turbulent right now, and affecting good companies negatively, but did I miss something important about this company. I bought 300 shares, should I hold on to them or is there something tragic looming on the horizon for SIS.

Q: Hi, share price has declined to $33.86, from a high of $40.88, only a few weeks ago.
This company has a very low share count of 10.9 mln shares with a float of just 7.3 mln. Fairly large holding by insiders/institutions - 35-40%. Decent dividend yield 3.90%. Company's revenue is almost equally distributed between US and Canada. There has also been some nominal insider buying reported recently. Is it just the market volatility and illiquid nature of stock or any other reason for recent softness, in your view? Should we buy/add for dividend and growth ? Thanks

Q: With this mornings announcement that TSGI has been chosen as 'an' Operating Gaming Agent for the NBA it seems like the right time to buy the stock or do you expect more tax loss selling to continue and therefore one should wait until after Dec 27th?