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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: After market close today,BIN stated Review of strategic alternatives to enhance shareholders value.In US,it was up $1.39 to 24.60 in after market.Your expert view please.Appreciate your usual great services & opinions. All the Best for 2016 to Peter,Ryan & all staff @ 5I
Read Answer Asked by Peter on January 05, 2016
Q: I just saw Star Wars on its 3rd weekend . I paid $19.00 each for 4 IMAX tickets , plus concessions and there was barely an empty seat in the house . Given that, I find the almost 10% decline from $52 baffling. Is this a case of the hype baked in well in advance? Hits are never guaranteed so is it possible we will still see a Star Wars bump for CGX?
Read Answer Asked by David on January 04, 2016
Q: Is Cipher a good deal at it's current price? Can you update us on your view of this company?
Read Answer Asked by Grant on January 04, 2016
Q: I plan to transfer 500 Bns shares from my cash account to my TFSA account.
I withdrew funds from my TFSA in 2015 and wish to replace these funds .
The record dare for the dividend is Jan 5/16 . I plan to make my transfer on Jan6/16
My question is , first is my dividend safe and will the dividend get paid to my TFSA account which is my goal . The dividend payment date for Bns is January 27/16
Lastly can you tell me how the swings in the Canadian dollar affects the price of the stock . If th C dollar falls to .68 cents what effect will this have on the stock price .
Many thanks Richard
Read Answer Asked by Richard on January 04, 2016
Q: Hi,

I currently own HCG as part of my "financial" stocks. It is currently at about 2% of my holdings. I also own BNS (4%) and SLF (4%) as part of my financials. My target for financials is 12% (max 3 stocks). I also own HR.UN in about the same weighting for REIT exposure.

At today's prices, would you suggest increasing HCG to a full position (4%), sell it and switch to something else (ie. EFN or CXI), or do nothing?

Thank you

Read Answer Asked by Mike on January 04, 2016
Q: Hi Peter and Staff
I know you are high on this stock and it's been a top pick in a few post replies for 2016. Globeinvestor shows a forward P/E of 8.37. What would you have and from where ?. At 8.37 it would seem to be a back up the truck buy?
Thanks for all you do and all the best for 2016
Dennis
Read Answer Asked by Dennis on January 04, 2016
Q: We have done well with Enghouse - I company I would never have heard of without 5i. Thank you.
Our weighting in Enghouse has reached 8.3%. This is due to ESL's stock price increase plus the declines in Energy, Materials, Financial & Utility sectors. Is it time to reduce ESL's weighting to 7% or not sell and hope for a recovery in the other sectors? If I were to sell I would probably increase our weighting in MDA to 5% or open a 2% weighting in XTC or KXS.
Read Answer Asked by James on January 04, 2016
Q: What was the special dividend. Cannot find any info. on it. When is it payable? Thanks
Read Answer Asked by michael on December 31, 2015
Q: Hello Peter, for someone with an RRSP, a TFSA and a non-registered account, and who wants to invest in some higher risk stocks, I believe the TFSA is the place to do it. I trust you agree?
Last year, my higher risk pick for my TFSA was, sadly, Guestlogix. I'd like to improve my batting average and am considering CXI. Would you support this stock, at its current price, for a long-term TFSA hold? And could you please add a second choice.
Secondly, I'm trying to build a 'blue chip' portfolio in my non-registered account. So far, it holds TELUS and Enbridge. Can you suggest another two good choices for long-term holds?
Thanks always, and please dock me whatever number of questions is warranted. James
Read Answer Asked by James on December 31, 2015
Q: Insider trading for SYZ shows an entry described as:
90 - Change in the nature of ownership
Can you explain what this means?

thank you
Read Answer Asked on December 31, 2015
Q: Hello,

I wrote in recently about whether I should move SIS and SYZ from our non - registered account to my TFSA and my husband's TFSA on Jan 4th when we get the new contribution room, or keep it in non-registered. You suggested I move them to our TFSAs, as they are growth companies.

Jan 4th is only a few days away. SIS is only 2% above where I bought so I'll definitely transfer that, but SYZ is now up 30% (It was up only 10% at the time of my original question.) If I move it into my TFSA I will have to pay tax on the 30% gain. Then if it drops back I will lose money in the TFSA, but won't be able to claim the loss. I currently have a lot of stocks in my TFSA that are in a loss position (PHM, CXI, MG etc).

Does this recent gain change your opinion about me moving it or do you think that over the next few years it might go up to 20 or 30 dollars which makes the move to the TFSA worthwhile?

Carla
Read Answer Asked by Carla on December 30, 2015
Q: I originally posted this in the markets forum but did not get any response. Perhaps it was inappropriate for that forum? Anyway I thought I would pose it as an official question.
I am trying to set up a little environmentally friendly “GREEN” investment portfolio. I would like to have ten Canadian (or traded on the Canadian markets) publicly traded stocks, I would like to avoid the power generators wind, solar and hydro and focus more on cleaning up the environment.
For example something like water purification or a bicycle manufacture would qualify.
I am having trouble identifying qualified companies. Either they are not available or my research methods are not effective.
So far I have identified the following four companies. And even then two are closely linked to oil production and are pretty shaky right now.
1. Questor (QST)
2. Newalta (NAL)
3. Lumenpulse(LMP)
4. Vitreous Glass (VCI)
I wonder if you can suggest additional companies or might have some tips to improve my research.

Read Answer Asked by David on December 30, 2015
Q: I know what something is worth is what someone is prepared to pay for it. However, Morguard seems to be a very good company, well run etc. Yet it trades well below asset value. I have seen previous answer but wonder what would be a catalyst to propel the share price higher. I am a long term holder but the stock has been in idle for quite some time. Thanks, Bill
Read Answer Asked by Bill on December 30, 2015
Q: Hi, I bought sylogist in early fall and am up twenty percent. With the recent management buys and news on this pilot they are running things look really good at the company. Do you agree? What is your outlook on the stock for 2016?

I have a 2 percent weighting and was thinking of increasing it to 4 percent now that the stock is doing well. Is this an approach you would agree with or should I just stick with the 2% I currently own?

Best,

Carla
Read Answer Asked by Carla on December 30, 2015
Q: Hi, I just noticed that Pembroke Management Ltd, started a new position in Sylogist with 2,459,800 shares as at Nov/30/2015, per Morningstar. Is it possible to verify this information and who did they acquire this large block from/price and when? This will place them as the 2nd largest institutional owner (9.84%) of the company after CI Group and Mawer being 3rd. I find this really interesting as , after a steep decline, from a high of $12 and a financing at $11, last year, the stock appears to be showing some traction lately and company is has been buying back its stock aggressively. Thanks
Read Answer Asked by rajeev on December 29, 2015
Q: I am trying to understand dividend payouts and their implications.
A fund manager on BNN who is shorting Enbridge claims that they don't cover their dividend adequately using profit parameters. He also assumes that they will need to raise cash to cover the capex needs that might prove difficult to raise from the market.
In an article by Tim Mc Aleenan ( http://seekingalpha.com/analysis/investing-income/all) he talks about BP having enough PROFIT to cover the divide: " unlike many peers BP still has enough Profit to cover the dividend"

Questions :

1.Please explain payout ratio's as to different parameters and how they can be evaluated.
2.BP: is it a wise investment if you feel oil will recover reasonably in a year or two ?
3.comments on Enbridge, its div., balance sheet and Capex.?
4. ( BNN person claims that cash flow can be interpreted in many ways while Enbridge claims their payout ratio is 50% of cash flow ??? ) what say you ????

I understand that it is a long question and may be answered briefly here. You may use it as a subject for a wider presentation (webcast ?) as many seniors like me seeking income, depend on Dividends and may have been burned ( like me) running after yield without knowing the dangers.
thanks
Yossi
Read Answer Asked by JOSEPH on December 29, 2015
Q: Accordindg to morningstar, fund companies and institutions own 66% of stock of SYZ and insiders own 11%. This does not leave much of a trading float. maybe 5 million shares or so. Is this good for a company usually. Most larger INVESTORS cant buy SYZ in size. Would a stock offering be advisable by the company again if they can put the funds to good use.

Thx
Read Answer Asked by blake on December 28, 2015