Investment Q&A

Q: Hi,I am looking at citigroup and efn, which would you recommend, I am open to suggestions on a financial..............thanks

Q: I would appreciate your views on National Financial.

Thanks,

Q: Hello Peter, are there plans to write a Company Report about Element Financial (EFN)?

Thanks,
Deb

Q: What do you think of MasterCard (MA) as a global financial play?

Q: What do you think about FSL for a Rif?
Thanks, Ron

Q: Please give me your comments on Element Financial anouncement wrt financing and new portfolio

Thanks
Darcy

Q: Please give me your opinion on The Bank Of Ireland (IRE) as a medium and long term hold.

Thankyou

Q: I was thinking of buying td on the US side. In a previous Q/A you said the price would adjust. I am not sure I understand this. If the Canadian $ drops to say .90 cents would that not make an increase of 4% or so on the difference in the dollar plus being paid in US dollars in the dividend?
Also what are your thoughts on the dividend stock split?
Thank you for your assistance and clarification.

Q: I have held Firm Capital (FC) for a couple years, and am now down on stock price after, unfortunately, adding more last spring. I am considering using this for a tax loss. I might replace it with MCAN (MKP), which appears to be a fairly similar company with a similar yield. How would you rate MKP v FC? Alternatively, do you think it is better to sell FC and move the funds to a different sector? FC is about 2% of my portfolio, and I am retired and invest for income. Thank-you.

Q: Looking at Genworth. It's very cheap on an earnings basis, why is that? The business doesn't seem overly risky from my perspective. Do you think the new risk fees being charged to CMHC will be of much help to Genworth? What kind of growth is expected?

Thanks,
Rob

Q: I would like to add either Fiera Capital or CI Financial to my portfolio. Which has more growth over the next 3 years and which would you recommending holding

Darcy

Q: I'm looking for monthly income and have looked at DFN-T. Current price is 10.41 with a yield of 11.53 . The high yield concerns me. Comments please, thanks

Q: Re: SUM.TO
Can you please give a quick opinion on SUM.TO about its new acquisition, and how it is going to affect its share price?
Thank you!

Q: The last CXS question was asked Nov. 17, can you offer your latest take on the company. Also, what level of target price might you envision in 2014?

Q: Peter; I am looking for a U.S. ETF that would replicate the insurance sector to take advantage of rising rates over the next 3-5 years. Thanks. Rod

Q: Peter, I see that Fiera Capital is selling off today on news that Desjardins is selling some shares. What is your make on this? Is this a good buying opportunity?

Q: Hello Peter and team,
We took profits on TD bank and would like to reinvest that money in financial related companies. We were considering BNS, Davis and Henderson, Home Capital, Carfinco, or Equity Financial. I like BNS and my wife likes Davis and Henderson. Could you please give us your thoughts for a 2 year investment .
thanks for your great service

Q: Good morning Peter :
On Nov 27th you suggested : "We would be comfortable with SLF in the mix, but would prefer it be substituted for something else (bonds or the others financials) to keep your exposure from becoming too big". We recently sold 1/3 of our gold miners and added BTE, BDT, CJR.B, CSW.A, PKI, and FTS to the mix, somewhat diluting our exposure to banks.

I currently have a "Pembina Pipeline Corp Conv Unsec Sub Debenture due 11/30/2020 5.750% MN 31" with a current market price of $123.00 [our ACB is $100] so there is a nice 23% unrealized capital gain.

Would selling this for no taxable gain [as I have current offsetting losses] and buying SLF with a current yield of 3.90% be reasonable at this time? I know the dividend is less but with the dividend tax credit and the hoped for growth of SLF over time [I have a 10+ year horizon] would this switch be the right thing to do? I gather that you prefer SLF [P/E 28] over GWO [P/E 16], or MLF [P/E 13.6]. Do you have any other suggestions?
Thank you, your comments are always immensely appreciated........ Paul

Q: Hi Peter,

Correct me if I am wrong, One way to judge a stock is to see the return on equity as the equity holders will receive a dividend after all the debt and prefereed shareholders are paid. NOw gs.to has a return on assets 49% and return on equity 93%. would this company be a great buy.

Thanks
Paul

Q: What is your opinion MCAN Mortgage(MKP) nice dividend 8.7%, seems to be in the right spot along with Home cap. Equitable group etc. both of which are going gang busters but MKP stock is way off it high of a few years ago.