Investment Q&A

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.

Q: Should I be happy with my gain in CWB(Western Bank)today.I am up 28% overall.Do you see more growth?Thanks Don

Q: AGF.B It was looking like AGF was making some progress in turning things around and since May they have bought back abt. 2 million shares.
The Dec 03 announcement that they have lost a $2.6 billion account is a setback to say the least. Your thoughts will be appreciated.

Q: I currently have no Canadian Banks in my portfolio and am looking for an opportunity to enter the sector. I am wondering with the recent pullback whether this is a good time to buy. I am thinking of splitting my money between two banks, specifically Bank of Nova Scotia and TD Bank. I have at par, uninvested US Dollars. Is there any advantage to buying on the US market or should I buy in Canada? Thank you.

Q: Good Morning people,
G S has done very well lately for a CO. thatlooked like a struggle a couple of months ago. Can you please comment on the rise in stock price to the present and also how the future looks.
Thanks Larry

Q: Hi guys. Any comment on the BMO earnings? Are any other new bmo earnings estimates published? I see CIBC has a new Bank of Montreal report this morning with 2014 eps estimate of $6.27 and 2015 estimate of $6.75. On a $69.95 share price that gives us p/e of 11.15 for 2014 and 10.36 for 2015.

I know, of course, these earnings estimates can always be adjusted, but all things equal the valuation doesn't look too bad sub $70 in my opinion. What are your thoughts? Thanks, as always.

Q: is the action on hgc just normal market moves thanks