Investment Q&A

Q: I currently sit at 2.5% on EIF and GSY, would a top of of one these 2 be in order or add 2.5% of ECN? The only other financial is BNS with 2.5%.

Q: Would you buy TD or BNS in a TFSA today?

Q: What is your opinion of the preferred shares for retirement income, as part of a FI portfolio? Which regular and which reset do think are currently best? Thanks.

Q: Hi 5i and Peter:
POW has announced a Dutch Auction for some shares.
Would your answer be the same for POW as your answer on a Dutch Auction question regarding BPY.UN on February 22nd?
Your answer - "Companies do these when the believe their stock is undervalued, and want to cancel a block of shares at the same time, as opposed to doing a normal course issuer bid (which does not have to be completed). Generally, we are of the view that the company knows its own business better than investors, so almost always advise not to participate. A lower number of shares increased per share earnings and cash flow leverage down the road. In an auction, the company sets a price range. Investors tender with their price desired, or agree to tender at a clearing price. Typically, more shares are tendered, and the company pays the lowest price of the range that will fill its required amount of shares it wants to buy. Shareholders typically get pro rationed and only sell a portion of what they tender (it depends on the popularity of the offer)."
Thank you.

Q: The short and long term performance of Royal Bank has strongly outpaced CIBC. Would it be prudent to sell my CIBC shares and buy Royal Bank with the proceeds?

Q: I thought their year end numbers were quite impressive and if sustainable, the stock seems undervalued. What comparable company would you suggest to determine it's current value? It's small float and small capitalization may restrict the share interest to retail investors, at least for now. The increase in credit from their lenders was and is a sign that business is improving.

Q: I bought LB primarily for its attractive dividend, understanding that capital gains were unlikely. However, it continues to miss earnings estimates, is under attack by short sellers, and has major labour relations problems. Is the dividend relatively secure? Or time to cut and run?

Q: The results in TD's capital markets segment in Canada mirror other banks and makes me think we have a canary in the coal mine scenario. That being, Canada's business community is not active in raising capital through both debt and equity issues and, in turn, not spending money on capital projects. This would be partially from the collapse of our oil and gas industry but I am thinking it is wider spread than that. Comment?

Q: Your opinion for steady safe income and a little growth, please. Or would you have another suggestion? Thanks James

Q: Hello,
Could you please comments TD earning. Should I switch to other Canadian banks?
Thanks
Victor

Q: I have shares in Bank of America . Is there another US bank that you would prefer over Bank of America.

Q: You stated in December that TRI was not cheap and was sitting on a pile of cash. Is that still the case, and given the current valuation of TRI would you recommend buying it today?

Q: Buy, sell or hold? Is your long term outlook unchanged?

Q: Can I get your view on the earnings release?

Q: Hello
May I have your comments on earnings please

Q: Hi Peter
the above stock hit bottom sometime in late or mid Dec
It has been on the rise since then

I had some money invested in it, happy to get the dividend but disappointed at the lack of capital appreciation
I am now at break even point
is SLF or the banks a better choice (I could use ZEB eft), goal is dividend plus some growth, thanks

Michael

Q: Your take on VB's results this morning... will it maintain a place in 5i's growth portfolio?

Q: In July 2018 you had a b+ rating, hoping for growth in AUM, and possible acquisitions, can you provide current scorecard on these points please? Opinion on sale of Mutual Fund business to Canoe and how that will effect previous points? Your report was accurate forecasting slow and steady and enjoy the dividend, suppose I'm bored and looking for a reason to not bail and look for more capital appreciation when markets are flying.

Q: Good morning,

Regarding BNS earnings, can you share your thoughts? It has lagged and the drop yesterday wasnt massive but certainly contrasted BMO. What caused the earnings decline? Finally, would you be buying now or moving onto one of the banks with better momentum and performance?

Q: In the bank section, BNS has been a favourite of yours along with TD. Over the past couple of years, TD has been a star while BNS languishes. Their latest earnings this morning disappointed. Are you still keen on BNS? Do you still recommend it? If so, on what basis? I know you say banks tend to revert to the mean performance over time but BNS appears to be proving that wrong.