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Investment Q&A

Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.

Q: I have owned Canaccord Genuity for several years. On July 4th, 2017, CF announced a (SPAC)deal. This deal appears to create an opportunity to purchase shares in a yet to be found company. Can you explain how CF is going to make money in this deal? Is this an IPO of shares when an acquisition is found? Will CF continue to hold the majority of the shares in the new acquisition?
This deal seem complex to a simple investor like me. Can you help? Is this a good deal for CF?

Cheers,
David
Read Answer Asked by lori on September 19, 2017
Q: Looking through Visa financial statements for last few years and noticed that they had a 1.5 billion extra tax expense for Q316. It was explained as a non reccuring, non cash and related to visa Europe acquisition. So I calculated the p/e without that 1.5b non cash expense and got 31x, which seems much more reasonable than 39x. Is my assumption correct? And do you consider V better investment long term than MA or SQ(which I am might go half position on)?
Read Answer Asked by Jerry on September 19, 2017
Q: A year ago I took less than a full position in Citigroup that has now grown to more than 5% of my holdings. What are your thoughts on trimming to about 3 or 4% and with some additional US funds investing in PACW Pacwest Bancorp. It looks like this would allow a better growth outlook for the funds as well as double the dividends. If a suitable investment what would be the maximum PACW % that you would consider prudent? On the Cdn side I already have full postions of TD and BNS. Thank you.
Read Answer Asked by Harvey on September 15, 2017
Q: I own half position in the 3 financial companies noted as well as some solid banks (BNS as an example). I am down in both CBL and GSY while doing alright in ECN. GSY has been on a move in the right direction lately, is it worth selling cbl with loss and go full position in GSY (I am down some as well)? Should I stay the course. My weighting in financials is at max. A little trimming would be OK too
Read Answer Asked by Scott on September 13, 2017
Q: I currently own TD and SLF in financials. I am very dissapointed in SLF's performance. I thought it would do well when interest rates increased. We've had two rate increases and I'm down 5%. I was thinking of replacing it with BNS. That means I'd have two banks, one with US exposure and the other with international exposure. What are your thoughts on this?
Read Answer Asked by Carla on September 13, 2017
Q: What is your take on the safety of the dividend with GMP.PR.B? Why is it poorly rated by the agencies? GMP Capital doesn't seem to have much debt. The dividend yield and chance of a higher reset in a rising interest rate environment seems attractive.

If you don't like it, what rate reset preferred would offer a better combination of risk/return?
Read Answer Asked by David on September 11, 2017
Q: I have BNS, RY, SLF and FSZ in equal amounts in my "Financial" basket and need to add another name to get my financials weighting to 15%. Can you suggest a new stock and/or a etf (CDN or US stock / etf) to compliment my current holdings OR would you just add to the 4 stocks that I have? Thanks
Read Answer Asked by Sandy on September 08, 2017
Q: Admittedly the BoC only raised rates yesterday, but aren't lifecos supposed to do well in rising rates environments? Anyway, where do you this sector going over the next 12 months? Thank you.
Read Answer Asked by Kurt W on September 08, 2017
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