Q: Any news on PBH drop today?
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Investment Q&A
Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.
Q: I was looking for the quarterly report for A&W that the TMX site reported would be released on the morning of July 24 by newswire. I can find nothing. What is this 'newswire' and how does one access it?
Q: In the globe today there was a somewhat negative article about GSY and cash flow.
No need to reprint the entire article, I am sure you have read it with your morning coffee.
What is your take on this should investors be concerned
A portion below
At the behest of the Ontario Securities Commission, which was looking over the company's filings as part of a "continuous disclosure review," goeasy moved a couple of line items out of one portion of the cash-flow statement and into another. As the company noted in a news release, the change had no impact on the company's net income, earnings per share, cash position or balance sheet.
The change in the company's operating cash flow - a measure of cash the company generates in the ordinary course of business - was massive, however.
The company had told shareholders that it had $153-million in operating cash flow (OCF) in 2016; the reclassification turned the number to negative $21-million. For 2017, $179-million in OCF became negative $89-million. Over two years, that's a swing of $445-million (OCF figures are rounded).
And yet, the markets shrugged. The stock has not moved. Analysts covering the company did not put out notes. This was not "material," the word for what a reasonable investor would find important, a couple of analysts told me via email.
I think there's something wrong here, though, when a primary measure of how a company generates cash from its business can swing that much, and no one seems to care. Are we looking at the wrong things - or do financial statements that are compliant with generally accepted accounting principles - GAAP - not matter?
No need to reprint the entire article, I am sure you have read it with your morning coffee.
What is your take on this should investors be concerned
A portion below
At the behest of the Ontario Securities Commission, which was looking over the company's filings as part of a "continuous disclosure review," goeasy moved a couple of line items out of one portion of the cash-flow statement and into another. As the company noted in a news release, the change had no impact on the company's net income, earnings per share, cash position or balance sheet.
The change in the company's operating cash flow - a measure of cash the company generates in the ordinary course of business - was massive, however.
The company had told shareholders that it had $153-million in operating cash flow (OCF) in 2016; the reclassification turned the number to negative $21-million. For 2017, $179-million in OCF became negative $89-million. Over two years, that's a swing of $445-million (OCF figures are rounded).
And yet, the markets shrugged. The stock has not moved. Analysts covering the company did not put out notes. This was not "material," the word for what a reasonable investor would find important, a couple of analysts told me via email.
I think there's something wrong here, though, when a primary measure of how a company generates cash from its business can swing that much, and no one seems to care. Are we looking at the wrong things - or do financial statements that are compliant with generally accepted accounting principles - GAAP - not matter?
Q: Hi 5i - whats your take on BPF.UN at the current price? I have a 1.5% position and was thinking of adding. Thanks, Neil
Q: Hi 5i research team,
What could be the impacts of this news « Canadian banks at risk of losing access to key European currency exchange platform » in monday’s Globe and Mail on CXI? Could you also comment on their recent acquisition from Laurentian bank? Is it good diversification of operations or are they speading their activities (because growth is lacking?)? Thank you for your collaboration, Eric
What could be the impacts of this news « Canadian banks at risk of losing access to key European currency exchange platform » in monday’s Globe and Mail on CXI? Could you also comment on their recent acquisition from Laurentian bank? Is it good diversification of operations or are they speading their activities (because growth is lacking?)? Thank you for your collaboration, Eric
Q: Hi Peter & Ryan,
Is H&R REIT a buy here? The unit price erodes as the Trust restructures or whatever it is doing. I like the move into US residential, which is why I own it.
I have read elsewhere that the NBV is $25. Do you concur & is it a buy here?
I own a bit (at 20.25) for the income and was thinking of adding. Finally, do you think there is takeover potential here, as I am thinking? Thanks, I appreciate your opinion.
Terry
ps - thanks for your answers to PXT, which I waded into today.
Is H&R REIT a buy here? The unit price erodes as the Trust restructures or whatever it is doing. I like the move into US residential, which is why I own it.
I have read elsewhere that the NBV is $25. Do you concur & is it a buy here?
I own a bit (at 20.25) for the income and was thinking of adding. Finally, do you think there is takeover potential here, as I am thinking? Thanks, I appreciate your opinion.
Terry
ps - thanks for your answers to PXT, which I waded into today.
Q: Hi, could you please provide estimates for Constellation Software earnings expected later this week. There will be no conference calls now on. What are your expectations, based on news flow, since last results ? Thanks
Q: I mentioned stock valuation for CSU in my previous question. As part of your answer you mentioned that the stock was 30X. I assumed you were talking about the PE ratio but when I checked it was in the 60s. I am new to this and would like to know how you make the stock valuations.
Q: Hi, Ive owned PBH for several years now. Its down almost 10% from its highs and keeps getting lower. Buy, sell or hold?
Q: Hi, How does Alcanna look at this stock price ? Would you wait for a couple of quarters for results, once legalization takes place or buy a position before October ?
Q: Hello
Can you see how much stock or debt ClearWater Captital Management own of ACQ?
An online search suggest they were involved Canexsus selling itself. In this case did Clearwater create shareholder value?
Can you guess a possible scenario here?
Thank you
Stephane
Can you see how much stock or debt ClearWater Captital Management own of ACQ?
An online search suggest they were involved Canexsus selling itself. In this case did Clearwater create shareholder value?
Can you guess a possible scenario here?
Thank you
Stephane
Q: Good Morning,
Please comment on this morning announcement on second quarter 2018, deliveries and Backlog?
Thanks
Paul
Please comment on this morning announcement on second quarter 2018, deliveries and Backlog?
Thanks
Paul
Q: What is your opinion on Morguard as a REIT play? Thinking of buying income property, but someone suggested this stock instead.
Q: Regarding your comment on GUD this morning, I think Canaccord raised their price estimate from $7.90 to $10.75 which could account for the price bump.
Q: Please assess suitability of FCR for income and appreciations... and could you enlighten us fo the reason the big drop in the last 2 days ( no earnings reports, nothing I can find)
Thanks
Thanks
Q: GUD is up almost 10% in the past week or so. I see no news, I think its a head fake.
I've been out of the stock since $9.5 and have a limit order to buy at $7.50. What do you think?
Sheldon
I've been out of the stock since $9.5 and have a limit order to buy at $7.50. What do you think?
Sheldon
Q: Your comments, negative & positive, on the take over of 29M shares of TSIG by CVC Fund V would be appreciated. With shares of TSIG now down $1.11 the market does not seem to like this deal.
Thanks
Dave
Thanks
Dave
- CCL Industries Inc. Unlimited Class B Non-Voting Shares (CCL.B)
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- Western Forest Products Inc. (WEF)
- Agnico Eagle Mines Limited (AEM)
Q: What are your top five materials sector picks at this time? Canadian and/or American listed. Thank you.
Q: Comments on earnings please. In your opinion, is there a lot of upside here? Any risks? Thanks.
Q: SJ stock continues to go sideways despite what appears to be positive news. CN has been announcing a series of planned capital improvements over the past month or two. Yesterday, they outlined plans for Ontario, including the installation of 380,000 new railway ties. New housing starts are up and I believe SJ has operations in both the US and Canada so tariff fears shouldn't be that strong.
I am wondering why this and other such announcements would not be reflected in the share price of SJ as it is a major supplier of ties (I am assuming that 380k is a lot of ties, maybe it isn't). When CN released the last results they mentioned increased spending and the new CEO seems to have ramped things up as well, so it this old news and already reflected in SJs price?
Appreciate your insight.
Paul F.
I am wondering why this and other such announcements would not be reflected in the share price of SJ as it is a major supplier of ties (I am assuming that 380k is a lot of ties, maybe it isn't). When CN released the last results they mentioned increased spending and the new CEO seems to have ramped things up as well, so it this old news and already reflected in SJs price?
Appreciate your insight.
Paul F.