Investment Q&A

Q: Intact Financial informs they are experimenting with investments abroad. They advised they invested $20 million in a broker in Brazil. Is there somewhere in their financial statement that would reveal who the broker is and what percentage of it they now own and if this may be Life Insurance or perhaps Non Standard property/auto?

Q: Genworth ($MIC) is up 5% percent to C$39.72 after earnings topped estimates. It's still a cheap stock with a big dividend. What do you think about earnings? And by how much rates would have to increase next year for it to hurt the stock?

Q: For life insurers such as SLF, I have heard many times that higher interest rates will help them because of higher earnings in their bond portfolios. But, higher interest rates should also result in capital losses on bond portfolios. Can you explain this apparent conflict?

Thanks,

Q: FSZ - Hi guys, first question - Fiera is down, probably because they have said that there were errors in their annual reporting for all funds for 2013 - then do not adequately explain the impact of the errors - amateur mistake and poor communication. May be a buying opportunity but could you investigate and reassure me please? Here is the post: announces that it has filed revised version of each of the Funds' annual management report of fund performance (together, the "MRFPs") for the year ended December 31, 2013. The MRFPs have been revised to correct errors contained in the graphs presented under the heading entitled Year-by-Year Returns.

Copies of the MRFPs as well as copies of the cover letters detailing the revised information are available through SEDAR at www.sedar.com or through Fiera's website at www.fieracapital.com

Q: Hi,

I currently have a well diversified portfolio with a good mix of large and small cap stocks. I was thinking of possibly replacing TCK.B (with a minor gain). Could I get your input on a suitable replacement, or if I even should be replacing it at this point?

Q: Hi Peter and Team,

Quick thoughts on Regional Management Corp, RM.US

Q: If you follow FNHC in the US, it just reported excellent results and yet the stock is dropping like a rock - what is it the market doesn't like?
THanks,
Murray

Q: Hi Peter and Team,

What are your thoughts on Axis Capital Holdings, AXS.US

Q: Hi Peter and Team
I hold these financials in my RRIF (RY 3.5%, BNS 5%, XFN 3% and XLF 1.2%) and would like to increase financial by another 3%
Debating for either TD and add to XLF, please help me decide, thanks

Q: I appreciate your opinion on FIG.US(Fortress Investment)and AINV(Apollo Investment Corp)among the two which one would you choose, Thanks

Q: Peter et al,
I bought Gluskin Sheff at $20.37 and it has risen approx 50%. Fabrice Taylor on BNN last week suggested to always take a profit when you can, but I think it deserves more consideration than that. What do you think its prospects are? Would a move to another financial e.g Cannacord CF be advisable? I already have Alaris, Element, Counsel, & Fiera. Also Davis & Henderson if it is considered a financial. They make up 23% of my portfolio. Thanks in advance for your advice.
Gary

Q: Hello Peter and Team: In an otherwise diversified portfolio, I am considering selling my position in CEW and purchasing half positions in each of BNS and SLF. My rationale is to avoid the 0.61% MER in CEW, and I also note that the top two holdings in CEW are in fact SLF at 10.38% and BNS at 10.27% of CEW's total portfolio. Are you OK with this switch? As always, thanks in advance for your advice/recommendations.

Q: I am interested in investing in one or two of the Canadian banks.
I would appreciate your recommendation and comments.
Thank you ---Gary

Q: Manulife and Sun Life. Are these good holds seeing that so many weather and other problems are occurring? Thanks James

Q: I own DFS(Discover Financial)on the American side.I thought it had great earnings announced and it has dropped.Any thoughts?Thanks Don

Q: Hi Peter and Team,

What are your thoughts on Nicholas Financial, NICK.US

Q: i have the following financial companies in my portfolio DFS.us, HCG and BNS all at 2.5%. I would like to increase two of them to 5%, which ones? Or do you have another one in mind?

thanks again

Q: I own CXS-T counsel corp and have aquired shares of HGP Heritage Global Inc. These were transfered over at .725 per share in April. The price is now .43 per share. Should I sell these?
Thank you

Q: Can you explain the cause for the sharp drop in the stock down 15% July 16 for. First Republic Bank
FRC New York exchange . This followed what seem to be pretty good quarterly results .
I bought this bank on a recommendation recently by someone who was on BNN .
Thanks. Rick

Q: re: FUNC First United Corp

this is a small bank that was recommended on Market Call. Pre 2008 it was as high as $23.41. It is now @ $8.75.

I realize it is U$ based... keeping that in mind do you have any observations you could share?

Thanks for all you do

Gord