Investment Q&A

Q: Peter and His Wonder Team
GMP is selling and buying assets. How beneficial is this for shareholders? Your thoughts pleases. Thanks for your assistance.

Q: Would you buy gmp on the thought that richardson stake that gmp owns will be taken out at a much higher price. Dave

Q: GMP Capital is selling to Stifel,& wants to buy remaining 2/3 of RichardsonsGMP that it does not already own.What will happen to GMP.PR.B? In Oct 2016 J Hass on BNN said that the buyer will have to redeem GMP.Pr.B at the $25 par value.You said not necessary so.It is now $12.10 up $1.46 on 19k shares,higher than the 2.6m average,Is it advisable to add to my $15 p/p in 2016? Txs for u usual great services & opinions

Q: Bought some BNS @ $76.Is it appropriate to add some now? Txs for u usual great services & views

Q: Hi Team:
I enjoy reviewing the portfolio analysis. Of course there are always concerns with data interpretation. I am slightly over weighted in DS (5.5%) and FFN ( only 1.8%), 2 companies that I now understand pay some of their dividends with 'Return of Capital'. Returns to date are; DS in RIF (-16%) + TFSA's (-13%, -19%) + RESP (-12%). FFN is in TFSA's (-29%, -30%) + RESP (-30%). Overall now big losers but still paying dividends (DS yield @ 10.15%; FFN yield @ 18.99%) except at the rock bottom time frame of December 2018. So, I want to sell. When do you suggest I take the hit? Do I sell all at the same time? Do I keep some portions? Of course some magical suggestions to make up the loss, especially in the RESP. Overall I am still at a positives in all accounts, so I have not made all bad choices but these are dragging me down and I am tired of seeing the red return. Thanks Ken ..... :-)

Q: I invested in Blackstone in early 2018. It's had a fairly good run up since then. At the time it seemed to have a bright future, offered a reasonable dividend, and provided diversification through their investments in private equity which I had no exposure to.
How do you feel about it now? Worth holding onto for the same reasons?

Q: These Hartford warrants mature on June 26,2019. What is your view about whether I should opt to accept cash or Hartford shares?

Q: What are your thoughts on the Fairfax C$500 million senior note offering and Fairfax as a long term investment. Recent results haven"t been great.
Thanks

Q: Good morning,
Looking for your commentary on a new offering of Senior Sub unsecured debentures issued by Fiera capital this morning, carrying a 5.60% coupon, due July of 2024. How do this look to you ?

Thank you

Q: Any ideas why rate reset preferreds aren't rebounding along with other safe stocks given the anticipation of steady or falling interest rates? I own CM.PR.T which was issued with a decent dividend of 5.2% but it has fallen from $25.20 per share to $24.16 in less than a month.

Q: Hi,

With interest rates holding or dropping where do you see the share price on a company like GWO in 3 years?

Q: Hello, question about ZBK’s portfolio holding, Equally weight 5.5 percent for each of 19 banks, in the case of BBT and STI merger was completely, what would happen to ZBK’s portfolio? Thanks

Q: I am down on this investment, do you advise holding on?

Q: Do you have any opinions RLI Corp? It appears to be an insurance holding company who's stock has done very well historically with good current momentum. It seems to be very under the radar with little discussion about it.

Q: Hi 5i team, how does lower interest rate affect insurance companies performance?

Q: April 30th stock closed @ 24.67. On May 31st stock closed @ 22.68. About an 8% drop. Was there anything specific that caused this? Thank you.
Ron N

Q: Comments on recent earnings? Is there a future here? I think I am in year 7 of a 5-year hold!

Appreciate your insight.

Paul F.

Q: Hi Peter, can I get your updated analysis on Steve Eisman's thesis on Canadian banks from today's BNN posts? Do you agree? What is it that he's seeing that we're not seeing (besides him flipping by shorts)? Would you be able to write a 5i blog post on how we can value banks (i.e. key ratios, ROA etc). Thanks.

Q: I am looking to add a Canadian Bank to my income portfolio for a long term hold. Which bank do you recommend for total gains

Q: Over the years I have seen statements like “Picking bank stocks is always tricky, as under performers tend to revert to the mean over time.” However banks like CM have been under-performers for well over a decade and BNS has been flat for over 5 years- yes you were paid dividends but that’s all. In the meantime TD has provided much higher returns. Isn’t it better to stick with your winners rather than wait for an under-performer to revert to the mean- with CM your time scale would be decades.

Steve