Investment Q&A

Q: Cpx has a pay out ratio in excess of 100%. Should this cause me to lighten up or sell my position. Will rising interest rates negatively affect this security?

Q: Hi Peter, I was contemplating selling half my GSY holdings and buying into AVO for diversity purposes, as I am up 40% on GSY. As far as growth and SP potential going forward, and comparing the two, is this a ok move? If I am going to sell off part of my GSY holdings I would be hoping that the funds I allocate (possibly into AVO) will perform equal or better to GSY going forward. I have also noticed AVO has ran up quite a bit; is it still a good buy here? It seems to be above the average analyst "targets" at the moment;

Q: Greetings to the 5i team:
Would you please provide your analysis, including growth outlook and potential risks, for Great Canadian Gaming (GC) vs People (PEO) for a 5 year plus hold in a TFSA? I love the following comment by Martin Braun in Market Masters and I wonder if it applies to either? "There's a lot of cheap optionality embedded in stocks. In other words, you're not paying for this happening, and you're not paying for that happening; you're paying maybe a teeny little bit for a third thing and maybe a little bit more for a fourth thing happening to the stock. If any of those four things were to happen you'd make good money because the market's not really paying for them."

Thanks,

Q: How big was is this story for KXS with the Toyota contract?

Thanks

HS

Q: This stock was a top pick of Ryan on his recent appearance on BNN. I am considering starting a position. Do you agree that a 2.5% position would be a good staring point. Thanks.

Q: Good day team
I know you previously liked both these gaming stocks but what’s your take on them at these higher prices?
Do they have more gas in the tank?

Thank you!

Q: I have read through your company report on AVO, and am wondering what has changed since last February to make you take a position in AVO in December. Would you change the rating in AVO from a B.

Q: can you give your opinion on high liner foods

Q: Shares of A&W Royalty have been dropping steadily recently. Recent news (the early warning report) plus your other comments seem mildly positive. Is there any recent news that might account for the drop?

Q: SYZ's earnings were mixed with many indicators up a bit but revenue down, or more importantly, not growing. Do you still have confidence that SYZ will get back on track? What will it take to get the stock noticed by other analysts? If this doesn't happen, I'm afraid it will be stale money. Your view please.

Q: can you compare similarities and differences between DSG /OTEX. also compare prospects to BB

Q: The Constellation Software debentures, CSU.DB, seem like such a great investment, I wonder what the hidden downsides might be. They pay 6.5% plus CPI inflation – currently about 2% - which is a very high rate compared to ETFs like CLF, CBO, CPD and XHY and also compared to other blue chip corporate bonds in Canada. Moreover the inflation protection is an increasingly attractive feature. There is of course the risk of losing principal if CSU goes broke, but it is a great company with lots of sticky revenue and this seems highly unlikely, at least for the foreseeable future. The price of these debentures has been bid up, but the yield to maturity is still quite high. Are there other reasons not to give CSU.DB a large weight in one’s fixed income allocation?

Q: Could you please comment on Parkland and its prospects for 2018
thanks
Joe

Q: Mr. Hodson, what is GUD likely to do with its hoard of cash ? No use to keep all that money if it is not put to some use !

Q: I have a question about Knight Therapeutics. I hold GUD in a cash account at a loss and thinking of moving part to my TFSA as my 2018 contribution. This would top up my TFSA as well as crystallize a loss. I would like your comments or the appropriateness of this move.
Thank you for your valuable input.
Brian

Q: with avo recent large contracts would you consider it a strong buy
and when do they report fourth quarter. thanks donald.

Q: Thank you for all your solid advice - you really provide a great service. I am concerned about the lack of activity/inaction with GUD. Is there a timeframe you deem appropriate before you downgrade this company due to inactivity?

Q: nafta gets scrapped? besides magna, the lumber industry, and many other exporters dealing with the U.S., COULD THIS IMPACT THE ENTIRE CANADIAN STOCK MARKET I think the market is taking this issue too lightly Most of us have recenly profited from a bull market Is it time to cash in most of our chips or are there parts of the market we can buy that will not be effected by nafta bad news?

Q: With Savaria being in an industry with tailwinds might a larger medical services try and asquire them?? Thx

Q: I am a retired, conservative, dividend income investor with a company pension, CPP and 30% fixed income (annuities, Fisgard Capital) and equities comprised of 15% MFs, 15% ETFs (ZLB, ZWC, ZWE, XIT) and 40% mostly blue chip stocks (BCE, BNS, RY, TRP, ECI, FTS, ALA, CGX, AQN, AD, NFI, CSH, PBH, ABT, etc).

I have owned PBH since $17 (now $103) and have trimmed it 14 times! It is still a full position. When I compare it to NWC, NWC's metrics indicate much better value (P/E, P/BV, P/CF, P/S, Beta), not to mention a 4.4% dividend vs PBH's at 1.6%. However, PBH has demonstrated incredible growth so far. So, I thought about swapping out of PBH and into NWC...simple, right? To get the same annual dividend, I'd only need to deploy 1/3 of the capital. Nope...massive capital gain!

I know there is no escaping the tax man. Any suggestions...aside from being more aggressive in reducing my PBH position over the next few years, while building a NWC position? Thanks...Steve