Investment Q&A

Q: Hi Team,

In an answer to a question from Paul J. about when to sell Magna you said the balanced portfolio is "a little more focused on one-year performance."

Much of you Q&A commentary is about long-term investing and performance.

It would be easy for members reading the Q&A regularly to get the impression the balanced portfolio should be a long-term portfolio - but maybe it is not.

Do you think it would help if you clarified for each model portfolio what the intended investment time horizon is and include that information with your explanatory/cautionary statements about each one?

Otherwise things are a bit confusing.

If in fact the balanced model portfolio is not for long-term investors, do you have any plans to introduce a portfolio that is?

Many thanks for the great service and for taking my question.

Michael

Q: Do you know the reason for the large jump in this stock today?

Thanks. Dave.

Q: I just wanted to tell you and everyone that you all do great work and please keep it up. I am asking about autocanada, is this becoming a buying point? and is the yield safe? Because no body likes it might it go down further.

Q: What is your exit strategy for cyclical stocks?

I am referring to Magna. It has been noted many times that is it a cyclical stock. Your start cost of MG in the Balanced Equity portfolio is $55.72, You rode it up to $74, and back down to $44 and never seemed to consider selling it along the way. So when do you sell it, or are you "buy and hold"?

Paul J.

Q: Why is the share price of this company just can't seem to get ahead? In particular whenever the company makes a positive announcement of some sort - like yesterday - share price takes a hit. It has happened too many times to be just a coincident. Are the shorts playing games here and just won't let go? Your insight is much appreciated.

Q: What is your opinion on DH and is their technology keeping up? Is it worth buying here?
B

Q: I bought a half position in Magna at $49.23. Time to add more at $44 should I hold off. Thanks

Q: Magna has been hit hard the past couple of weeks with a 5% loss today. Are you aware of any significant changes causing this.

Thank you,

Bob

Q: Hi guys,

I'm looking at adding a technology company in my RRSP. I currently own CGI in Canada and Google and Facebook in the U.S. I previously have owned Open Text and Constellation Software and I'm looking at going back into one of those as my pick. My preference is CSU on its pullback, but the P/E still seems high if the anticipated growth in 2016 doesn't materialize due to economic conditions. What's your preference? Can you provide the forward P/E for both stocks? Morningstar says 14.1 for CSU, but looking at earnings estimates on TD, I get a number in the low 20's.

Thank you,
Jason

Q: Your expert opinion on SJ's announcement this morning to acquire Kisatchie,& its impact.Appreciate your normal great services & views

Q: Just glanced through the first quarter numbers. The dividend increase was nice, but the way I read the numbers, if you "x" out the currency, sales were only up 1% from last year. Ok, I guess, but not stellar. Please tell me if I am reading the numbers incorrectly. If I'm not, then to the numbers simply reveal a slow growth company taking advantage of the currency (which may or may not be reflected in future quarters).
Thanks as always.

Q: please comment on their q1including consensus estimates for revenue and earnings.

thanks

Q: Hello again, can you please comment on the impact this may have on AYA shares. Is it possible that the liquidation of this funds stock position could have been the reason there was so much downward pressure as of late? TIA
http://finance.yahoo.com/news/activist-hedge-fund-firm-orange-151914007.html

Q: I currently own 1250 shares of AYA. I'm down approx 30% from my purchase price.

I feel with what is going on with AYA and all of the recent announcements there is an upside bias to the stock.

If I'm correct and the bias is positive I would like to employ an option strategy on this to try and make some money back on my paper loss.

What option strategy would you employ in this type of situation without perhaps selling a call and cutting off your upside potential?

Thanks

Sheldon

Q: For those who don't read the forums, here is some interesting information on New York gambling legislation.
http://www.onlinepokerreport.com/19482/new-york-online-poker-bill-passes-vote/

Do you think this will have an effect on the recent buyout offer price? Or is it too early in the process of passing the legislation? 9-0 vote appears promising! TIA

Q: How would this buy out offer work? Do they need over 51%?

Q: as you know stella jones has gotten crushed lately, now it seems like they are buying 2 different companies, they do not say whether they will immediately add to earnings but i assume they will, they also say they might do an equity issue, are you still comfortable with this stock in your equity portfolio, would you buy more and what do you think of the 2 aquisitions. dave

Q: I asked a question a few days ago but it must have been lost since it was not answered so I will re-ask. By reading responses to other questions I get the sense that Canaccord Genuity continues to be a good undervalued company; however, nothing may happen with my investment for several more years. The positives are price to book, good cash position, and a sustainable dividend if the company so wishes. The major negative could be several years with little or no growth due to the state of the Canadian Resource industry. If my statements are correct, should I sell my shares of CF and buy something else with greater growth potential over the medium to long term. If so do you have a recommendation understanding that I am overweight in resources and banks. Alternatively, with CF's low current price and good dividend should I buy more. Also do you continue to view CF as a B-. In my RRSP, CF only constitutes about 3%. Thank you very much.

Q: Hello,

Could I ask for clarification of this response to an earlier reply to Craig. Specifically, in what sense have you been wrong?
5i Research Answer:
We have been wrong on BNS, but we would keep it now, on valuation and with its international exposure offsetting a weak Canadian economy.

Q: Stock has really languished for a while. I would have thought that with concerns of cord cutting a content provider like this that could get their product out over any media and platform would be in demand. Is this simply a case of investors being fixated on oil and other things? I know you tend to like to invest on momentum but this company seems to be doing movign forward, signing deals, they have done it before and they are in the right industry. OK to average down on this one?

Thanks for your insight.

Paul F.