Investment Q&A

Q: Would you buy at these levels or wait for further declines?

Q: Hi,
I looked at the Thomson Reuters Report dated for today's date - 2017-06-15. On page 3 of the report it shows the 12 month Price Target mean price as $10.10 with a a Target vs Current upside of +15.4%.
The problem is TCN is currently already at $11.55 as I write this. How can they put a report out with todays date calling for 15.4% upside when the price is already beyond their highest 12 month target price?
I thought the Thomson Reuters Reports were a nice "confirmation" tool as they rate Tricon a "10" but now I don't know if these reports are even worth looking at. I have noticed other similar anomalies in other stock reports with them. Can you clarify what is going on here?
Thanks.

Q: Any comments on the 5%+ drop today. Would you recommend adding to this level. The stock is up 90%+ in last one year so would this be profit taking? I do not see any negative news. Thank you for the answer.

Q: adding to the pile of questions on ENB that you have been getting lately :) I gather the stock is down almost 12% YTD excl dividends due to lower oil prices and also being a sort of bond proxy so as rates rise people look elsewhere for equivalent risk free yield. The current yield, based on a full year at the current quarterly payment rate, is close to 5% and the company has stated a clear path to raising the dividend in the future. While short term rates are rising it doesn't look like long term rates are moving in the same direction. Given the spread between ENB dividend and long term bond rates do you feel investors are getting enough of a premium to invest in ENB and would you be a buyer here for a 5-10 year hold?

Q: Which stocks in your opinion are undervalue and which one you think are
very volatile for traders?Knowing that you don't encourage trading.

Q: Good afternoon 5i,
I recently sold AW.UN in my RRIF as I am trying to limit the non-portfolio holdings. Could you recommend a replacement from the income portfolio or should I just buy it back? Already hold most of the Income Portfolio holdings but willing to sell in other accounts to insert in RRIF.Thanks for the always helpful advice.

Ted

Q: GUD.GUD is pretty low today, but so is ENDO. Time may be appropriate for GUD to make an offer ?

Q: How will a rise in interest rates affect a company like Enbridge? Thanks

Q: why th2 big drpp in Enbridge

Q: I am putting together a portfolio for my daughter who is somewhat risk averse. The portfolio will include a TFSA, RRSP and open account. A recurring question I know but does the drop in STN make it a more compelling long-term buy now than WSP or does WSP's momentum win out? Since the stock could go in any of the accounts, I am wondering if WSP's dividend in the open account is just enough to win the day? Income is not the prime pre-requisite here but it wouldn't hurt either.

Appreciate your insight.

Paul F.

Q: Can you confirm that either LOGIQ or JC Clark institutional Investors have said that they will back Point North nominees to liquor stores board. Do you Think Point North nominees will act independently. Do you think a quick buyer can be found for this business. I have received 3 phone calls from Point North soliciting representative. Regards

Q: I am looking over my portfolio and am overweight tech - like many, I suspect. Kinaxis is one of your favourites and in the balanced portfolio, which is why I own it. Is it not very, very expensive, though? The G&M has it with a forward PE of 85, and a PEG of 3.11. By way of comparison, Facebook is at 30.5 with a PEG of 1.2.

Q: I bought TOY the other day and it has since pulled back 6% or so. Seems to be just normal volatility. Would you support buying more if it drops down further to ~$35?

Q: At the beginning of the year I had to liquidate 30% of a taxable portfolio. I managed to sell stocks that minimized my income taxes, however, as a result I sold all of my Financials, Materials, Utilities and Energy stocks. I now have 10% to add back and will be contributing another 20% sometime later this year. I do not think I will be needing these funds anytime in the next 5+ years. I am looking at taking half positions in PKI; GSY; BEP.UN and AEM. Your comments about my stock selections would be appreciated.

Q: Rising rates are good for the banks, at least in the US. So how come when the Bank of Canada deputy governor muses about Canada having to hike rates sooner than expected all the Canadian banks drop?

Q: ATD.B has been flat for some time. I have a very substantial profit in this stock and it occupies 6.5% of my RRSP. I am considering a partial sell of ATD.B and a small buy of CCL.B, DOL, or BYD.UN. Is this a reasonable tactic or should I avoid chasing these 'hot" winners and be a little more patient? Joe

Q: Starting to look attractive is this a good time to initiate a position? Thanks. Shyam

Q: I have been following A&W and Boyd for years and years.
I finally bought A&W recently. Now I would like to switch
the A&W for Boyd. I have more stocks than i really need ,
and not enough spare cash to hold meaningful positions in both. I think that I would prefer the growth that
Boyd might offer over the income from A&W,since although
the position is 2% , the income really isn't meaningful


Would his switch be a reasonable one ?

Thanks in advance for considering this question.

Q: My industrials currently consist of SIS@4.3%. BIP@ 3.8% and ZCL@3.5%. Each month i have the ability to contribute about 1% of portfolio value. I would like to add to my industrial section. Any suggestions or changes to holdings? Probably happy with three stocks but could add another. Hold about 33 stocks in my balanced portfolio.

Q: I have stayed away from LP stocks due to worries about tax issues. Do you have any general comments on LP stocks? for example, If one holds BEP.UN on the TSX, should one purchase it in a registered or non registered account? Are there tax concerns....or is that only a problem if one purchases on the US stock exchange?

Thank you so much for your comments on this issue.