Q: Is it time to consider LIQ?
The dividend is quite large now around 7%, Do you think it is safe?
The dividend is quite large now around 7%, Do you think it is safe?
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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: If you were buying now what would be your preference between Exco XTC and Autocanada ACQ?
Many thanks.
Many thanks.
Q: Does the acquisition of a company by Aastra make sense after Mitel buying them.Thanks Don
Q: Good Morning,
Do you have any explanation for the steady decline of the share price 0f AutoCanada ACQ?
Thanks
Hans
Do you have any explanation for the steady decline of the share price 0f AutoCanada ACQ?
Thanks
Hans
Q: how would you rate CF -FSZ - FC for a medium term hold?
Q: Any update on A&W (AW.UN)? Still a good choice for income? Any growth on the horizon?
Q: Regarding the question about Fiera Capital's recent share price weakness, the 4-month hold came off yesterday from September's private placement financing which was done at $10.75. Possibly some investors taking gains off the table.
Q: CSE
Can you please provide an update on this company
Can you please provide an update on this company
Q: Hello Peter and team
I'am thinking about adding bep.un + mrg.un to my tfsa for a long time hold ,agree or disagree?
I'am thinking about adding bep.un + mrg.un to my tfsa for a long time hold ,agree or disagree?
Q: I'm concerned about Fsz lately. Does it still enjoy your favor?
Q: The recent question on BEP.UN caused me to check the Holy Grail of info for this stock, the Investor Relations pages of the company website, which is a far more accurate and often underutilized source than brokers or other services. Distributions, not dividends, of $.3625 US for the last 4 quarters totaled $1.45 US and with their stated goal (from the 2012 Annual Report) of 3 to 5% increase annually, it seems that the next distribution is in line for an increase (proposed record date March 31). All Brookfield companies, to my knowledge, report earnings in US $ and pay out in US $, and differences in currency translation could account for different reports in C$.
Also, as you summarized, in the "Highlights" discussion in the A.R. management states, "The primary reason for this {the reported IFRS net loss} is that we recognize a significantly higher level of depreciation for our assets than we are required to reinvest in the business as sustaining capital expenditures. As a result, we also measure our financial results based on Adjusted EBITDA, funds from operations and net asset value to provide readers with an assessment of the cash flow generated by our assets and the residual cash flow retained to fund distributions and growth initiatives."
When considering these other factors in the financial results, and that the company stated NAV per LPU of $32.35 US is far above the current market price, I understand why 5i recently added to its position in the model portfolio. If memory serves me, I believe it has traded much closer to NAV in years past, so it should be only a matter of time before patient investors are rewarded, while collecting 5.7% to wait. My question is about the discount to NAV: is 21% about normal at this time when comparing similar sized companies in its industry, such as Fortis or Emera? Thanks, J.
Also, as you summarized, in the "Highlights" discussion in the A.R. management states, "The primary reason for this {the reported IFRS net loss} is that we recognize a significantly higher level of depreciation for our assets than we are required to reinvest in the business as sustaining capital expenditures. As a result, we also measure our financial results based on Adjusted EBITDA, funds from operations and net asset value to provide readers with an assessment of the cash flow generated by our assets and the residual cash flow retained to fund distributions and growth initiatives."
When considering these other factors in the financial results, and that the company stated NAV per LPU of $32.35 US is far above the current market price, I understand why 5i recently added to its position in the model portfolio. If memory serves me, I believe it has traded much closer to NAV in years past, so it should be only a matter of time before patient investors are rewarded, while collecting 5.7% to wait. My question is about the discount to NAV: is 21% about normal at this time when comparing similar sized companies in its industry, such as Fortis or Emera? Thanks, J.
Q: Hi Peter, Happy new year to you and your team.I sold some Patheon when the deal was announced at around $9.72, then I sold some at $9.85,then $10.00, and a few days ago at $10.17. The US dollar has moved quickly and to my benefit.The deal is expected to close early March. My concern is that the US dollar has moved to fast in one direction. Should I sell the rest of my PTI position or keep the rest until the deal closes. Does the US dollar still have momentum or is the move running out of steam? Thanks, George
Q: I am considering purchasing D&H, but the pay out of 103.51% is troubling. I would like your comments regarding D&H for growth and is the pay out too high?
Thanks
Robert
Thanks
Robert
Q: Hi Peter
I know you like Brookfield Renewable Energy Partners [BEP.UN] and the 5.63% dividend is excellent, however I worry that TD Waterhouse only shows earnings of $0.24 per share [with a P/E ratio of 117.3], and the dividend is $1.58.
To add to the confusion Stockhouse show earnings of $0.24, P/E of 46.6 and dividend of $1.516. The data from Morningstar are even more confusing and contradictory.
I know you like to look at the free cash flow, as you wrote to Claude on Dec 13th, which is huge, but I really don't understand how this works. You said "various non-cash accounting charges" need to be taken into account but if the money is spent it isn't there to pay dividends. So what is a "non-cash" charge? Sounds like a shell game or cheque kiting to me!
If all the cash flow covers expenses and capital investment how can there be enough left over to cover the dividend? Surely NET earnings must exceed the dividend if it is to continue on a sustainable basis without the company having to borrow money to pay it.
Thankyou..... Paul
I know you like Brookfield Renewable Energy Partners [BEP.UN] and the 5.63% dividend is excellent, however I worry that TD Waterhouse only shows earnings of $0.24 per share [with a P/E ratio of 117.3], and the dividend is $1.58.
To add to the confusion Stockhouse show earnings of $0.24, P/E of 46.6 and dividend of $1.516. The data from Morningstar are even more confusing and contradictory.
I know you like to look at the free cash flow, as you wrote to Claude on Dec 13th, which is huge, but I really don't understand how this works. You said "various non-cash accounting charges" need to be taken into account but if the money is spent it isn't there to pay dividends. So what is a "non-cash" charge? Sounds like a shell game or cheque kiting to me!
If all the cash flow covers expenses and capital investment how can there be enough left over to cover the dividend? Surely NET earnings must exceed the dividend if it is to continue on a sustainable basis without the company having to borrow money to pay it.
Thankyou..... Paul
Q: HI,
Do you have any insight as to why TRZ.B is falling like a rock. It has fallen 21% in the last month. Thanks
Do you have any insight as to why TRZ.B is falling like a rock. It has fallen 21% in the last month. Thanks
Q: Hi Peter,
Is ACQ is still a good buy at $40
Is ACQ is still a good buy at $40
Q: Peter and staff. What is your outlook for (pki) Parkland fuel corp.?
Cal
Cal
Q: Hello Stellar 5i Team, please help me with AYA. It appears frequently as a top pick even though your latest report is out of date and the stock is up 100% from Sept 2012. True revenue growth is off the charts in part from great but not cheap acquisitions. But the company is not profitable, has therefore no ROE, it no longer has a stellar balance sheet; enormous G&A costs at 75% of revenue offset the appealing 97% GP margin. Annualized cash flow of only $12 million as a percent of market cap an is puny at less than 2%. When will growth translate to high returns on equity and how do you make sense of valuations like the 244x cash flow and over 5x revenue? I have locked in my SUM gains and am attracted to the recent 15% decline in the AYA price but am really struggling with the fundamentals here.
Q: I see that Enghouse is listed in the US as well, as EGHSF:PNK. Its US price history is similar to ESL:T but not the same. Can you tell me why they are different and does it matter which is bought (aside from the different currency risk)?
Q: Hi
Any reason for Canexus's dropping like a stone? Is the dividend in danger now?
thanks for a great service
ms
Any reason for Canexus's dropping like a stone? Is the dividend in danger now?
thanks for a great service
ms