Investment Q&A

Q: Hello Peter, I know this is a low-volume traded company, and that things have seemed rather quiet lately. Do your views remain positive for a longer-term hold? And do you have any information as to the likelihood or timing of CXI obtaining its banking license? Thanks!

Q: Can I have your opinion on this ETF. It has the best 1/3/5yr returns when compared to others in the Canadian Dividend and Income universe. For example it has outperformed CDZ by almost 3% annualized over the past 5 years. What has contributed to this over achievement and is there any reason why it won't continue to do so over the next 5 years?
Thank-you.

Q: DO YOU FEEL THAT THE DISCLOSURE RULES COMING HAVE ALREADY BEEN FACTORED INTO THEIR CURRENT PRICING AND IF NOT WOULD YOU BE COMFORTABLE HOLDING BOTH AT THEIR CURRENT PRICE

Q: What is your considered opinion of this growing financial concern in light of its short history and just released positive numbers$ and trending pattern.
Also can Vogogo VGO be commented on if it fits into the "fin tech" sector and are they similar.
Thank you

Q: Good Morning,

Your opinion on the quarter and your outlook? After it gets its due pummeling after the open today, would you be looking at a new entry point with recovery on the horizon, or would you stay clear for awhile?

Thanks,

Eric

Q: What do you think of METLIFE right now as a dividend paying long term conservative investment? Any recent changes in their prospects or long term concerns?
Thanks

Q: tYour opinion, please, on recent earnings and future growth prospects for IFC. Thanks Jim

Q: Hello Peter and Staff
I know you like this company . What I am trying to understand is their risk versus others like IGM or CI where there seems to be concern over the upcoming disclosure rule changes . Is FSZ not also exposed and if less so why?
Thanks for all you do
Dennis

Q: In your answer to my question yesterday you noted "If the NAV falls below a certain level (found in the prospectus), the payout will be cut and that will likely be a huge hit to returns."

To be more precise the prospectus says:

"No regular monthly dividends will be paid on the Class A Shares in any month as long as any dividends on the Preferred Shares are then in arrears or so long as the Net Asset Value per Unit is equal to or less than $15.00 (calculated as described under Details of the Offering Valuation of Assets ). Additionally, it is currently intended that no special year-end dividends will be paid if after payment of such a dividend the Net Asset Value
per Unit (calculated as described under Details of the Offering Valuation of Assets ) would be less than $25.00."

When I look at the actual dividend history, I see that DFN has consistently paid dividends of $0.10 per share every month since inception -- including 2008 & 2009 when the markets were so unsettled.

I also note that DFN shares have traded below $15 since Jan 2008, reaching a low of %4.66 in 2008 and trading in a range of $10 - $12.50 since July 1, 2009.


My questions are:

1. Does it seem like they like have more flexibility to continue dividends than the prospectus indicates?
2. Given the this history of consistent dividends over a fairly long period, covering the scary 2008 -- 2009, why would you not consider DFN a screaming BUY?

Q: The proverb about our hometown life giant goes …
“ don’t buy Great West Life's funds, just buy their stock "

This WAS a "put-away stock” ( added to through the decade ) .
Now our investment has been seriously eroded due to my non-reaction to Brexit.
Listening to David Baskin’s comments on bonds and lifecos , perhaps I should trim the sector anyways .

Does one sell GWO here , or is the plunge an over-reaction that we should ignore ?

Thanks you

Q: Currently hold RY (4.5%) and V (3%). I want to bring my total financial holdings to 15%. Please recommend two companies that would complement the list. Thanks.

Q: Big drop after earnings report. What is your advice on the stock. Buy, hold or sell. Thank you.

Q: I have held this for a few years, and bought at much higher prices. Do you know the reason for the steady decline and should i continue to hold?
Would you switch from this co to Fiera financial? thanks Clare

Q: I am thinking of adding US financial services to my diversified rsp portfolio. I am ideally looking for a CDN dollar etf that invests in/takes advantage of value priced US financials at close to book. Bank of America, Citigroup are examples. Time frame is 7 to 10 years. Thanks as always

Q: Have some monies sitting on sidelines. Can you name me a cheap (excluding energy) sector if any and a couple of recommendations? Thank you. Bill

Q: I own 3 banks - TD, BNS and RY. TD represents about 50% of the group. Over the past month or so, TD hasn't performed as well as the others. Is there something about TD that is dragging it back?

Q: This headline was in the Financial Times today - do u agree with it?
"Great-West Lifeco Inc downgraded to sell as Brexit weighs on earnings"
Thanks

Q: I am thinking of rebalancing the weighting of my holdings of common stock among the five large Canadian Banks. The banks represent 20% of my stock portfolio, more or less in equal parts, except for TD (of which I hold less). I'm looking for yield and quality, with a bias towards "hold" not "trade". I consider capital growth a bonus not a goal. I'm retired. I spend my investment income but retain capital. Do you have particular preferences? Do you think that a 20% allocation to financial services is in an acceptable range?

Q: What do you think of the proposed acquisition by Element of Infor Acquisition Corp both in terms of growing its business and adding to its management team? the stock seems to building a base in the $14-$15 range. Do you think it has the potential to revisit its $20 peak in 2017? Looking at it for a three to five year hold.

Q: I am reviewing my HCG holding and need help with a few metrics. The LTD, while it has come down is still at $41/share ($2.9b/70m). Is this a level of debt that one should be concerned about? Also expected earnings growth of 7%($4.11-4.70) does not seem great over the next 2 years. Finally despite the recent share buy-back, total shares appear to have grown 69 to 70 million. I have taken these numbers from RBC Direct.
Your comments as usual are appreciated.
Mike