Investment Q&A

Q: Please provide your comments on AFN ER. Thanks.

Q: Can you please comment on RRX earnings? Thank you

Q: Today is GUD' s annual meeting and owning some stock means i can attend. But is it worth the traffic and time or just the online documents be just as good ?
There aren't to many in this area that i can attend except WSP tomorrow and SIS next monday.
Would it be a learning experience?

Q: You seem lukewarm on STN lately. Synergies from the large MWH acquisition seem to take time to flow to the bottom line...

However, it seems to be that are extracting a lot of value out of the MWH acquisition. STN is not a SW company, so it makes sense that they would divest "Innovyze" as non-core asset. However, I am surprized that they got USD-$270M for it - given the relative sale price versus the entire MWH acquisition price of ~$1B (i.e. 27%).

In their press release, they make no mention of expected revenue from this Innovyze business. I would have thought that if they would be losing ~25% of the revenue gained from the MWH acquisition, they would have had to mention this as 'material change'...

Would $270M US, they can repay the debt quickly and focus on core markets. Do you see the same value in this non-core sale and are you surprized at sales price obtained?

Q: I am overweight PBH (thanks 5i) and looking to sell half and purchase something else in the consumer sector. GIL looks like an interesting fit, however the risk associated with one customer having 18.2% share and no fixed contract seems a bit daunting. Do we know who this customer is - a retailer like Walmart or a wholesaler? Has thee been a long term association? Given the value of this customer to Gildan would they not put significant pressure on Gildan to reduce margins.
Thanks in advance for your answer and your excellent service

Q: FCR Q1 results. Any early thoughts? Haven't seen a question since March and am wondering when there will be a report/review.
Enjoying my membership. Worth the price for sure.

Stephen S

Q: Your comments please on earnings.

Sheldon

Q: ABT's share price took a dive today before earnings is released after market closing and the results are not stellar. What is your take on what is being reported?

Thanks.

Q: DSG (Descartes): FPE of 54, ROE low single digit, no dividend, EPS very small - seems very over valued to me. It looks like it has no debt.? I do not see an investment thesis here? Comments please. I usually do not buy companies that do not pay a dividend and grow it on a regular basis which to me shows confidence going forward. Looking for a diversifier. Own ABT, SIS & ZCL in small portions in TFSA.

Q: I have the above two stocks but would like a bit more European exposure. Do you have a stock recommendation with solidity and growth in mind?

Q: If you were an owner of BAD would you buy sell or hold?
Thank you

Q: Can you please comment on GC earnings? Thank you

Q: Me again, Thanks for the quick response. Just to clarify...I think you meant the target to be $6.00, not $46.00...right?

Q: Hi team, Even though DHX.b is back trading....what was the reason for the halt? Does your opinion change on the prospects for the company going forward?

Thank you!

Q: Hi, I like this company for several reasons: Packaging industry, consistent and rising dividends, strong management team and good insider ownership. I thought of starting a position 12-18 months ago when stock was trading around $15, but held back based on your opinion/concerns about company's large debt position.Since then stock price has steadily appreciated to present $28 level and company has increased dividends and continues to pay down debt to 1X as at December 31, 2016, as per quarterly results released on Friday. I have a large holding of CCL Industries and would like to add another packaging co. There does not appear to be much analyst coverage on Richard's Packaging and it would be extremely helpful if you could share your views and is it worthwhile to start accumulating at current level for growth and income ? Thanks

Q: I see on Friday a US Law Firm announced its investigating whether the offer for Span-America was "fair" for Span shareholders. I find this confusing. Isn't this usually instigated by an Investment Bank or large shareholder? What can be unfair about an offer to buy shares? If you don't want to sell, then don't tender. Do you see this causing the offer to rise? Could there be anything illegal about this offer?

Q: Hi.. how do you rate TAP US or would ADW .A be a better choice for a long time hold in a TSFA
Thanks
margit

Q: Do you know how much CXIs earnings might be tied to vacation travel in the US? If one believes that the “Trump effect” will significantly reduce tourism in the US, how might it impact their earnings? Also do you know when they are scheduled to report and what are the consensus estimates (if they have any analyst coverage)?

Q: Hello do you have a preference bwtween SIS and Kinaxis for growth? Is one more risky than the other? Thanks, Bill

Q: As the stock has pulled back do you think this a buying opportunity ? Currently hold a half position and have for several years. . Thanks