Q: Just a comment on Carfinco declined today: Carfinco Financial Group Inc. lowered its January dividend to $0.025 from $0.04 in December, with management noting that the firm has seen an increase in delinquencies and losses on its receivable portfolio in recent months.
Q: Carfinco states "increase in both delinquencies and losses on the finance receivable portfolio in recent months" as the reason for the 38% dividend cut. If they knew the takeover was off would they not have an obligation to disclose with this announcement? And if the deal is off would there not be a break fee coming to CFN as damages that would allow them to continue the higher dividend? Finally it looks to me like selling has been pretty consistent through Monday so it would seem that someone knows something, wouldn't you agree? Thanks, J.
Dec 31st you finished your answer with "there is a good chance that this earnings forecast will move lower."
Today the stock is down almost 10%. Are there any other reasons other than what you mention on the 31st for this decline? Or is it purely a result of the falling oil prices?
Q: WSP by all account is a stock that should be on cusp of a major break through. You have it in your Income Portfolio (your ACB is $35.73, mine is $34.35) - we are both underwater, a number of BNN guests have it as their top picks in recent months as well. In my own analysis I though all the numbers are pointing upwards, hence I made it my largest investment in my portfolio (about 9%).
However, I'm down about 5% from my ACB in this stock. Why are we all wrong about WSP so far? I can't find anything wrong in it publish materials. Perhaps the Q4 results may shed more light.
Q: I just read Cam Hui's piece in the 5 for 5i. I notice he isn't positive on Canada and the Cdn. banks. Would you suggest we concentrate on small caps with large exposure to the U.S and avoid companies such as ACQ.
Do you agree with Hui that Cadn. banks face some strong headwinds this year?
Q: I have read your recent comments on AHF and would like to know if yesterdays release of Q4 assets under management has you concerned. I understand the decline in AUM is related to them trying to get out of lower margin products. My concern is I am not seeing where the offsetting increase is for higher margin business. I am not a fan of the "liquid alternative" funds they are currently promoting if that is where they think the higher margin business is going to come from. My guts are telling me to take my losses and move on. Am I too negative on this one?
Q: I thought you were offering a portfolio analysis for a fee but cannot find a link or any info. CSU is getting to be a bigger part of my investments and should maybe be trimmed. Is the analysis still available? Thank you. (I'm not sure if this question was accidently submitted already)
Q: For 2014 you had been recommending HCG. Despite the stock and my position losing $10 a share since I bought it on your supportive advice last summer, what is your advice now on your 2014 recommendation. It takes a huge recovery in the stock price to make up for this current losing position from those who bought it last summer, or fall. I know the stocks history but more interested in your call on what to do now on this one.
Q: I don't know if you saw the Globe and Mail article in the biz section today. It seems to touch all bases on the rumours that were circulating. i.e. mutual fund involved etc. Seems pretty farfetched and out of all proportion to stock sell off. What would your assessment be?
Q: The CEO has direct ownership of 5,260 common shares; 682,368 options and 54,750 performance units. In addition he also has an indirect ownership of 71,825 common shares.
What does indirect ownership mean? I have heard a high quantity of options relative to common shares is not good. Could you enlighten me on this. Thank you.
I acquired stn in middle of 2013 which did well in that year, then it stayed flat in 2014. Recently, it goes in opposite way from TSX like today for example. Anything wrong with this name? Should I sell it and move on to other name? Do their projects involve with energy related business? Their debt level is about 22.5% to their capital (based on data posted by TD water house), which is low comparing with their peers such as SNC. What is your view of this company this year?
Q: Hi, today the OLG announced it is launching its own online gaming site. Amaya is down over 4% today. Does this announcement change your rating at all for this company as I'm guessing it's in direct competition with Amaya. Disregarding the insider trading issue and based solely on the OLG news would you still consider AYA a buy?
Q: Thank you for today's updated report; and of course for drawing my attention to BEP in your original model portfolio.
I intend to add more BEP to my holdings now and would like to know if there is any benefit to buying the US version (BEP-N)? And if the dividend in the US would likely be return of capital, as you pointed out that it is here in Canada?