Investment Q&A

• Blackstone Inc. (BX)
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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?

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Read Answer Asked by Larry on June 17, 2019

• Hartford Financial Services Group Inc. (The) Warrants expiring June 26 2019 (HIG.WS)
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Q: These Hartford warrants mature on June 26,2019. What is your view about whether I should opt to accept cash or Hartford shares?

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Read Answer Asked by Harold on June 17, 2019

• Fairfax Financial Holdings Limited Subordinate Voting Shares (FFH)
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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

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Read Answer Asked by Lawrence on June 13, 2019

• Fiera Capital Corporation Class A Subordinate Voting Shares (FSZ)
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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

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Read Answer Asked by Brad on June 13, 2019

• Canadian Imperial Bank Of Commerce - FXDFR PRF PERPETUAL CAD 25 - Ser 49 NVCC (CM.PR..T)
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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.

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Read Answer Asked by Ken on June 12, 2019

• Great-West Lifeco Inc. (GWO)
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Q: Hi,

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

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Read Answer Asked by Ian on June 11, 2019

• Truist Financial (BBT)
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• Solidion Technology Inc. (STI)
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• BMO Equal Weight US Banks Hedged to CAD Index ETF (ZUB)
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• BMO Equal Weight US Banks Index ETF (ZBK)
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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

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Read Answer Asked by LEI on June 11, 2019

• Fairfax India Holdings Corporation Subordinate Voting Shares (FIH.U)
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Q: I am down on this investment, do you advise holding on?

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Read Answer Asked by Zafar on June 11, 2019

• RLI Corp. (DE) (RLI)
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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.

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Read Answer Asked by Ralph on June 10, 2019

• Manulife Financial Corporation (MFC)
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• Sun Life Financial Inc. (SLF)
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Q: Hi 5i team, how does lower interest rate affect insurance companies performance?

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Read Answer Asked by victor on June 10, 2019

• Manulife Financial Corporation (MFC)
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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

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Read Answer Asked by ron on June 10, 2019

• Currency Exchange International Corp. (CXI)
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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.

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Read Answer Asked by Paul on June 06, 2019

• Royal Bank of Canada (RY)
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• Bank of Nova Scotia (The) (BNS)
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• Bank of Montreal (BMO)
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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.

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Read Answer Asked by Michael on June 05, 2019

• Toronto-Dominion Bank (The) (TD)
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• Bank of Nova Scotia (The) (BNS)
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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

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Read Answer Asked by Fredrick on June 03, 2019

• Bank of Nova Scotia (The) (BNS)
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• Canadian Imperial Bank Of Commerce (CM)
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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

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Read Answer Asked by Steve on May 30, 2019

• Bank of Nova Scotia (The) (BNS)
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Q: I have invested $100,000 in BNS shares average price is $ 72.00. Would it make more sense to sell half and buy CM which is also down just as much in order to split the risk or would you recommend splitting the funds in all 5 big banks?
Thank you
Nick

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Read Answer Asked by Nick on May 30, 2019

• Manulife Financial Corporation (MFC)
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Q: please give me your views on manulife as a longer term hold

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Read Answer Asked by william on May 29, 2019

• Bank of Nova Scotia (The) (BNS)
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Q: The bank just reported. Your analysis will be appreciated. That doesn't look good to me, not a huge miss but still. Any positive?
Thanks

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Read Answer Asked by Daniel on May 28, 2019

• Wells Fargo & Company (WFC)
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Q: hi ryan, peter...What do you think of wells fargo.. Do you think it could turnaround.. When is the new CEO going to be appointed.. . yhanx in advance, Cliff

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Read Answer Asked by cliff on May 27, 2019

• iShares Russell 2000 Growth ETF (IWO)
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• ISHARES TRUST (IUSG)
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Q: Hi, I have opened an RESP account with 5K for initial deposit, and will also be contributing $150 on a monthly basis. I don't plan to do a withdraw from this account for about 10 years. I am new to investment world and am curious on strategy or what would be best to invest in. I am not afraid of risk. Thanks in advance for your advice/opinion.

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Read Answer Asked by Mitchell on May 24, 2019