In a recent post in Stock Chase, Barry Schwartz was commenting on MFC and gave it a "Don't Buy" rating, for reasons similar to 5i's. He then goes on to say that "he avoids this sector".
Is there a compelling reason to own SLF (or any other insurer) in the Financial Sector?
Our sector holdings across all accounts are BNS at 2%, GSY at 3.8%, SLF at 2%, TD at 6%, and TRI at 0.9%.
Should we 'stay the course' and keep things as they are, or should changes be made?
I would like your opinion on BAM.A
Risk level? scale from 1 to 10 with 10 being the best.
What sector would you class this stock under?
Is this a stock I can buy and forget?
Is this stock at a good buy point today?
Q: Hi 5i team,
Following the release of their most recent quarterly results, and their share price drop (a couple of bucks), is CXI still a long term “kind of boring” buy?
Eps growth seems to take longer to happen then expected at first. Following yesterday’s conference call, do you find management’s narrative still credible regarding expenses control, being finished increasing fixed costs (hiring and systems), several sources of growth strategy (catalysts)?
Aside from liquidity, which does not bother me since my time horizon is fairly long (sell at the time management will sell the company), do you have any additional concerns (consumers going electronic/plastic faster than expected?)?
Thank you for your collaboration,
Eric
Q: Good morning. I recently read a report that showed that, over the past 30 years, the Canadian banks ( as a group) have outperformed the TSX ( 10.5% vs. 5%). The report then went on to say the Canadian banks have been/are slow to respond to both new technologies and new market entrants/competitors so the past thirty years is not indicative of continued out performance. Rather, the banks will suffer. In your general view consistent with this? I have always been a fan of our banks but am wondering if my faith needs review.Thanks.
Q: Hi my question is on Visa/MasterCard. Some consensus says you can tuck away theses stocks for 10 years without too much worry. On the other side, I understand in China and some Asian markets Alibaba uses a different payment system. With emerging blockchain capabilities is there some disruption to Visa's growth. Comments? I am thinking of a new purchase with 3 year time horizon. Do you have a recent report.
Q: Could you please compare numbers on AFlac and Chubb in terms of EPS growth, Dividend growth, and debt levels. Do you have a preference? Also, can you please confirm that US common share dividends received in an RRSP are not subject to withholding tax.
I have been patiently holding for over a year now after buying around 4.30. I am quite frustrated with price action and am wondering what it will take to see ECN over 4.30 (if ever) and how realistic it is to believe that there will be a catalyst that moves this stock to above $4 and perhaps closer to $5.
Thank you,
Sam
Q: Based on what I see from GlobeInvestor GS appears to have cut their dividend from last year to this: $1.35 per share versus $1.00 per share. Is that true and why did they cut? Also, with the current high yield would you recommend a buy now for income? I am also thinking that at the current stock price the company may attract a buyer.
Q: Hi, I’m about even on ecn 1.5% and would like to switch to higher dividend paying stock 3%+ with a little growth.
For 2 years it has done little unless you were lucky and sold at the high.
Would you stick with the banks? I have TD 2.5% and FSZ 1.5%.
Thanks
Q: I have been analyzing my holdings through this recent rally and most have performed well , some like COV and HMMJ spectacularly well. VB and CRH are two which are not participating. I know you are not fans of CRH. Why is VB not participating ? While it is a short term view, surely sentiment must have an effect. Even GUD is up lately.
Q: I would like to add to my finance/dividend group. I already own TD,BNS, GSY and MFC. Which should I add or add to and why. In particular why do you prefer SLF over MFC?
I'm looking to increase my current Financial Sector weighting from 5 to 15%. I currently hold BNS @ 2.2%, SLF @ 1.5%, and GSY @ 1.3%. What would you add too and/or too a new position? I don't like to have more than 5-6% of one holding, of course this would be risk adjusted down according to market cap/safety.
Last part, on sector weightings. I follow your general recommendation and I noticed you changed the following from Oct'18 to Jan'19 as follows:
Consumer disc. 10 up to 15,
Consumer staples 10 down to 5,
InfoTech 20 down to 15, and
Utilities 5 up to 10.
Can you add some commentary behind these sector weight changes?