Q: Hello Folks:
My question is Canadian Banks such as TD (which we own) compared those in America such as JP Morgan, Morgan Stanley (which we also own). We have owned TD for a number of years which has not produced much of a return (except dividends); similar to BNS. would you suggest continuing with TD or feel their are better Canadian options than our banks?
Thank you for your great service!
brian
On your assessment of GoEasy as undervalued, I purchased a position in the company just under two months ago. I am pleased that it is up almost 13% since then. Do you still consider it undervalued? If so, at what price would the value be reasonable?
Q: National Bank has been on a bit of a tear lately and I am sitting on a rather nice 47% gain. When I value Canadian banks { long term } I generally consider them fairly valued when the yield is around 4% and on sale when they approach 5%. National being the smallest of the big five plus one I expect a slightly higher yield. So at 3.48% I am wondering it is overvalued and I should switch to a different Canadian bank. What are your thoughts on the matter ? And if you concur which bank { I already own BNS } would you suggest if you agree ?
Q: What do you recommend I do with CXI? I'm down about 50% and have held it for several years. I've been patient for many years and I'm now wondering whether I should sell and put the cash into something else at this point. I'm trying to clean up the portfolio for the new year.
Q: The MIC stock continues to climb after the Brookfield deal closed.
What are your thoughts for the minority shareholders and the mortgage climate for the business going into 2020?
Thanks
Bob Rose
Q: My question is about Manhattan Bridge Capital Inc ( LOAN on NASDAQ).
The company pays a regular7.6% quarterly dividend and the stock trades in a range of $6.00 to $6.60. The company seems to have quite stable income but is highly leveraged. Nevertheless if the pundits are correct and we have low interest rates for 2020, would it make sense to borrow money at 5% to buy this stock? What could possibly go wrong?
Cheers
Ian
Q: In trying to decide which ETF’s to buy, I am concerned with the credit duration of some.
Ex: XTR 3.78 yrs. ZMI 3.77 yrs. VCNS 7.82 yrs
What is the significance of these in view of the current business cycle mainly interest rates.
Also, at this time would you favour an ETF more or less exposed to bonds currently. Is a fund manager able to quickly sell his bond holdings quickly when interest rates rise, what is their strategy ?
Thank you so much.
Q: On Dec 02 and Dec 04 2019 the stock traded 200K and 350K . Is there anyway to determine who traded these blocks? It is obvious that it's a bought deal as the company generally trades less then 1K a day. Was it insider trading ???