Investment Q&A

Q: Of all the A-B companies you cover, could you indicate one or two in each rating category (A, A-, B+, B) that you consider to be the best "bargains" at this point. By best bargain, I mean considering risk/reward profile, you look at the share price and say, "Wow, I can't believe that this stock is trading at that low price." (I'm guessing: (A: Stantec), (A-: BNS), (B+: GIL or BAD?), and (B: NAL or ACQ?) What say you? Others?

Also, if possible, of all companies at any rating level (A to B-) on your "watch list," could you indicate one or two similar bargain companies? Energy sector included.

Thank you,
Cheers

Q: Good Morning, CSE now yields 8.25%. Any risk to dividend cut? Do they have any material exposure to the energy sector? I have a small weighting and am thinking of adding more to my income portfolio.

Q: David earlier asked about Canfor and I'm wondering if you favour Stella over them or if they are too different to compare? Would you hold them both?

Q: I'd like your opinion about acquiring 1/2 position in HNL for a shorter term hold (and longer if necessary). Is the high dividend sustainable with the way things are looking now? Do you think the stock price will get hit hard in the next week given tax loss selling?
Grateful, as always, for your comments.

Q: Any reason for the drop today. Is this drop related to the price of oil, Alberta etc. Is it a good buy at this level.

Q: Why in bep.un getting hit so hard and do you still think this is a hold.

Q: Why would the company change it's name from Amaya gaming to Amaya Inc?
Do they not want people to know they are in the gaming industry? To me the name change does not reflect what the company does. Or maybe that is the point:after all with 80 million users maybe they will start selling advertising . That would be a huge revenue gain.Just curious in trying to figure out the logic.

Q: HCG is down more than 13% the last 5 days. The current price is well below the 200 day moving average. Over the last 5 days it is my biggest loser. Can you provide any insight for the decline and would you suggest adding to my position at these levels. Thank you

Q: Two bad days in a row should we be concerned

Q: Hi, PKI down ~7%.....no news I can find. Do you know why?

Thx

Q: 10:16 AM 12/10/2014
Hello Peter
I am looking for safety of dividends and dividend growth, with some share price growth too, and can add about 1% to an existing position.
I am considering adding to one of :

Chartwell CSH.UN - I have a 0.1% starter position..... yield 4.6%.
Emera EMA - I have a 2.0% position........ yield 4.04%.
Enbridge ENB - I have a 2.4% position............yield about 3.07 after latest increase.
Enbridge Income Fund ENF - I have a 5% position............... yield 4.48%.

Which has the least liklihood of a dividend cut, and which would you pick, and why would you choose the one you do.
Thank You ....... Paul K

Q: I note that AHF have $7.1B in AUM while Gluskin Sheff have $8.1B (only $1B more) but GS trades at ~$28 while AHF is only ~$0.88. It seems to me that some wealth management firm could pick up an easy $7B in AUM for a cheap price buy buying AHF.
(1) Why the discrepancy ?
(2)Is there a metric such as AUM per share that applies to Wealth Management companies to determine their value?

Q: Hello,
I have some Northland Power NPI which you had been positive on, though a few days ago you suggested a switch to AQN. Has your positive feeling changed? Should I consider buying more since it is down now? Why the drop when other utilities seem okay?
Thanks very much

Q: I'm seriously considering building a position in this name for the longer term, what kind of annual earnings growth are you expecting over the next five years?
thank-you.

Q: is there some reason hcg has dropped? and is this a good time to buy some shares?

Q: Hi Peter and Team,

Is there any negative news today? The stock is down 3.6%.
Thanks as always for your valuable insight.

Q: H&R creates a strategic alliance with PSP Investments and Crestpoint through the sale of an interest in over $1.4 billion of industrial properties to launch a new industrial platform
8:00AM ET on Wednesday Dec 03, 2014 by CNW Group
H&R Real Estate Investment Trust ("H&R") (TSX: HR.UN; HR.DB.D; HR.DB.E and HR.DB.H) announced today that it has entered into agreements to sell to an affiliate of the Public Sector Pension Investment Board ("PSP Investments") and affiliates of Crestpoint Real Estate Investments Ltd. ("Crestpoint") a 50% interest in a portfolio of Canadian industrial properties and a 49.5% interest in a portfolio of U.S. industrial properties (collectively the "Portfolio") for a total purchase price of approximately C$731 million. H&R will remain the property manager and collect industry standard fees. The Portfolio consists of a total of 101 properties comprising approximately 19.5 million sq. ft. of industrial space located in Canada and in the United States. The sale transactions are expected to close in two tranches, in December 2014 and in February 2015, subject to customary closing conditions.

This was the announcement that sent HR on a new plunge the other day. I found it extremely odd ball that the news did not come from HR rather then the secondary party. However be that as it may, what exactly in fundamental terms does there mean for HR investors? In technical terms it means sell calls, buy puts and watch out for a dividend cut. What actually is taking place here?

Q: Can you provide a few non-energy, non-energy related, and non-Alberta names that have been hit unfairly over the past couple months? I'm looking for some potential bargains, but not sure if the oil decline is really over. Thanks!

Q: Hello: I am seeing the stock price go down a bit, and have been hoping to buy ESL in the near future: do you see any specific problems for why the stock price declined yesterday? Thanks so much,
Marilyn

Q: How significantly do you rate any concerns about a US bill getting passed regulating or banning internet gambling? Thanks.