Investment Q&A

Q: Hi Peter & Team,
How much importance should we allocate to debt/Equity ratio?
For example: Ratios for VNR, BEP.UN and RY are 5.39, 2.03 and 0.13 respectively. From these ratios, we should stay away from VNR and BEP.UN yet they are both included in your income portfolio and BEP.UN has A rating. The ratio for VRX is 4.76
Thanks

Q: I own Canexus The shares were valued at $ 1.70 in exchange for spb shares I like spb for the dividend

now trading in the mid & 1.30 Is there an opportunity here
why are the shares trading at such a discount Your advice is appreciated
Paulh

Q: In all the releases, as expected, DH management emphatically defended the company against the shorter report, but never issued any specific counter points on those accusations in the print releases. I missed the morning CC session, but are you aware if management dealt with the key specific attack points during that forum. Thanks.

Q: Any thoughts on PM's quarterly numbers? There seems to be an enormous chasm between the expected earnings per share and what Prism actually delivered. Taking into account the one time items, the gap closes a little but still I'd like your expert opinion on the numbers.

Revenues were up nicely but earnings fell significantly. Do you see anything in the numbers that raises a red flag or cause for concern?

2016 earnings per share estimates were 75 cents, prior to today's q3 numbers. Any guesses what the new estimates will be for 2016?

Thanks for your time.

John

Q: I have been eyeing Prism as a healthcare position, mainly for income and hopefully some growth. With today's big drop, is it more attractive or less? What is the payout percentage and how sustainable is the dividend? I was considering about a 1.5% position, as this is not a heavily traded stock.

Thank-you

Q: Hi there,
Any idea what is causing PM to drop today? Tx

Q: Thoughts on their quarterly results?

Thanks

Robert

Q: I see a lot of questions concerning DH for obvious reasons. Would you consider an investment in DH.DB to be a safer approach with exposure to capital gains if the common moves back up? There is, of course, the return to par when bonds mature as well as relatively thin trading.

Q: What do think of Goeasy.
I would have thought it would be doing better in a sluggish economy..
Maybe something has changed at the Co?
Would you add to possition now?

Q: Further to Antoine's question, first valeant, then Davis Henderson and now Boyd is down 10% today due to rumours of a short selling report about to be published. This is ridiculous. I have positions in all 3 and now down significantly. I can't compete against insider manipulation and human greed. I will be reducing equity holdings and increasing GIC's etc. The stock market is not regulated enough to create an equal playing field. Any advice on Boyd is appreciated. thanks

John

Q: Another Canadian roll-up targeted by shortseller. Boyd Group hit today, chatter that is on short attack $BYD.TO.
Frustrating --to say the least on these rollup companies

Q: Boyd down over 10% on the day and still falling. What is going on?

Q: Hello Peter & 5i team,
First Valeant, now DH Corp ; what is going on ? We are facing a very unhealthy investment environment.
It seems that Canadian Securities regulations are not as constraining as those in the USA and short sellers take advantage of this with impunity ; but it obviously will take ages to sort this out.
In addition to that, it also seems that short sellers have a template approach to identifying vulnerable companies in Canada : (1) higher reliance on growth by acquisition and less on organic growth, (2) higher relative debt level, (3) complicated and less transparent ownership structures. Valeant would fit the bill, but DH ?
Both management teams have intervened, but to no avail : DH was up today by 11% at the open but is now down 5% in mid-morning.
I am exasperated by the situation even though the portfolio of stocks I currently own is up by 10% so far in 2015; however, making a major overhaul of the portfolio in reaction to the current environment would smack of paranoia.
Your soothing comments would be most welcome.
Regards,
Antoine

Q: would you recommend buying dh here?

Q: Is this a good time to be buying DH? I have 4.6% weighting of this stock in my portfolio

Q: Can I have your comments on DH's earnings?

Q: Q3 results. Please comment.

Q: Thanks team, it is as I expected that you can pretty well issue a damning report on any company, make a quick buck and get away with no consequences! Proof is near impossible, why I am not surprise. I used to own gold miners and that is an old game. We will wait for the response from the company.

Regardless, these folks generated the desired panic effect without having anyone actually read that report! Talking about a perfect scam! It may actually contain nothing but praises of DH!

Again, good work team. I will likely ask more question on the DH responses. Thanks.

Q: This is making my gold bug tendencies look rational....are all our stocks now going to fall to shortsellers, is this the new normal.
Or is there something wrong with the company that I should have been able to figure out for myself?

Q: Hi Peter I hold 22 stocks in my portfolio from time to time I call a company about the company or results I have never not been able to talk to a rep sometime it may take a day or two but I have always been able to contact a rep .Not so with DH a month ago I called about their plans on debt offerings as my equity was getting high I never received a call back.NOT A GOOD SIGN
Stan