Investment Q&A

Q: Good Morning
Do you see any drivers to improve SP on this stock? Recent departures seem to be weighing on the stock. I do not own AVO but wonder if it is fundamentally a good investment with a 3 year time frame?
Thanks for your help as always.

Q: I'm considering purchasing MRC, either in RRSP or non-registered account, depending on the nature of the distributions/dividends. Are they distributions like those paid out by say AX.UN or are they dividends like those paid out by say BNS?.....Thanks....Tom

Q: The recent 5i report on Morguard Corp describes the company as a REIT; having held it for many years I can state that I receive dividends qualifying for the dividend tax credit and not distributions as a REIT would pay, leading me to believe this is a REOC - an operating company like FCR. Please correct me if I'm mistaken.

I believe it has always traded at a discount to its NAV but if it were to be taken over or taken private it would likely be at a value closer to NAV. What is the current NAV per share? One way I like to look at the dividend is based on my purchase price, it's closer to 2%, not a half %. Thanks, J.

Q: When there is a negative news in regards to a company like MCB, how long after this news is released do you tell your members? Are update only given bi-weekly or monthly when giving updates on your portfolios?

Q: Any thoughts on removing McCoy from the income portfolio (I purchased it for income) following the suspension of the dividend? It would be at a loss of course and what to replace it with?

Q: I have a question about C-COM Satellite Systems.
I have noticed that the stock has dropped to $0.95 with a 5% yield. However, there seems to be alot of insider buying. Is CMI a good buy at these levels.

Thanks, Alan

Q: Do you think the Bank Licence is Baked in the current price? Any idea
why the stock is being beaten up? Thanks

Q: Hi Peter & Team,

For a company that has held up fairly well during the various market meltdowns the past month, CXI has taken quite a beating in the past week or so. Is there any reason you know of? Are the fundamentals still solid on this company? And if so, would you recommend picking up some more at these prices? I already have a full position, but would like to get a bit aggressive and concentrate a bit more on what might be my highest potential holdings.

Thanks,

Jordan

Q: Is there any reason for the recent drop in CXI (I can't find any news) or is it just market noise. If so do you feel it's safe to add more. I have a very small position at present

Q: Hi All,

I would like to add an engineering firm to my portfolio. is this a good time to do so? If so, which would you recommend?

Thanks so much.

Dennis

Q: Could I please have your thoughts on cpx?
Thank you

Q: Could you please give me your opinion of WSP. It looks like they acquired Halvorson and Partners in Chicago. Still a good long term hold?

Thanks

Dave.

Q: Any reason that you can see for Wednesday's greatly appreciated $28 per share spike?

Q: I understand management rates poorly on Glassdoor. There is a question of whether AVO is experiencing more competition and margin compression. So my questions are:

How tight is the control of AVO - specifically how much does Mr. Fernandez own? If their products are superior and the share price low, what is the liklihood of a hostile takeover? Is there a big short position in the company?

Q: Hi Peter and Team,

Post if you want but I wanted to add some commentary for the discussion on MDA. I had the privilege of working for MDA for 10 years in the middle of my career (I am a non-engineer). A couple of observations from my direct experience:
1. Dan Friedmann was not only a talented engineer but an extremely astute business mind and has always let the results speak for themselves.
2. MDA has a history of pushing the engineering boundaries of what's possible - something that requires a certain mindset to balance the risks/costs with innovation. Not easy to do without deep technical knowledge of what you are trying to build. Just look at CanadaArm or Radarsat from their early years.
3. As a company, they were the single biggest collection of really, really smart people who knew how to get things done that I have ever worked for.
4. I never experienced the 'difficult' to work for environment. There is nothing like working in an environment of people who are extremely bright but humbled by knowing the person next to you just might be smarter and able to share their experience or knowledge in trying to solve very complex engineering challenges.

This was my experience for what its worth!

Q: With all the management changes at AVO, including the departure of the CFO last year, it looks like the CEO want to maintain a very high degree of control. It seems a bit fishy to me. Do I need to be worried that the company is cooking the books?

Q: What do you think of the current streamlined management just announced? Is this good? or is it another warning sign like when the CFO left right before Q1 earnings last year? Thanks.

Q: I know you answered a similar question back on August 25th - but am wondering if you still have "faith" in this company's ability to deliver, especially with the 10% drop today. The chart looks so ugly - it could keep going down for a while.

I keep on hearing what a jerk the CEO but that he is talented.

If AVO were not still in the portfolio I would have tossed it but am now really at a tipping point: if worth keeping I should probably buy more (?); but if it is likely going to be dead money for 2-3 years, then I should move on to something with more
short / nearer term potential like a CXI - BOS - DRT.

I would appreciate your thoughts on this dilemma.

Q: AVO is down over 11% today. Your thoughts please.
Thanks
john

Q: Given the premium paid for Amica, 1.87x navpershare does this indicate that perhaps chartwell is undervalued. Chartwell trades at just slightly above napvpu(12.50).