Investment Q&A

Q: They appear to have reported a pretty good quarter; have good momentum and raised the dividend by 9%. Do you see any concerns? How big of a concern is the apparent slowing of the Chinese economy to MFC? Still prefer SLF to MFC?

Q: On February 9 you were asked a question to screen for mid size co. that yielded more than 3% and had good opportunity for growth in the next several years. WFC was included in that list. I have searched on TD Waterhouse for details on recent financials without success. Can you go over the companies financials over the past 5 years and where you see growth? Thank you for all you do.
John

Q: BITCOIN as an asset .
With the US approval of bitcoin ETFs the volatility of bitcoin will likely decreases. It was approved as a high risk/speculative asset. However the business media seems to discarded the warning and reports bitcoin related news like any established asset or company without any warning disclaimer and contributing to the hype of bitcoin.
What is your general take on bitcoin as an asset and would you invest in it?
What kind of warning would you give a small do your own investors in Canada who wander about investing in bitcoin? Thankyou.
Miroslaw

Q: What is FSZ ex-dividend date??

Q: I have held min for 2 years and rec'd div. and i am even. Continue to hold my 1000 shares for income or could lower the amount of shares and buy another which would also pay div. . I am flexible FSZ also have 1000 shares and cix 1000 shares they seem to be moving well lately is Div in your opinion safe now better than before.

Q: Hi Team,
This is more of a general comment , discussion on Gsy valuation. Is it just me or the earnings growth this company is putting out in relation to its p/e seems incredibly cheap. Looking at their history , quarter after quarter continues to be record and shows the most stable growth out of any of my holdings on a long term basis. The ceo really seems to know what he’s doing here. I think this should be a $1000 stock within 8-10yrs of growth remains as is and they are given a fair multiple in the market. Am I crazy to think this ? This isn’t even accounting for their new growth initiatives such as the credit cards they are going to probably be rolling out, or expansion into the US. Just looking for your thoughts on this and what might prompt the market to start recognizing the stock fairly in regards to valuation ? Thanks

Shane

Q: 5i
Are you still recommending BAM even though it has a P/E of 606.
Thanks
Bill C

Q: I am up about 40% on GSY (thanks 5i). Weighting overall in the portfolio is still okay. At what point would you suggest trimming. Or in other words, where do you think it might be a year from now? Thanks.

Q: Beside exchange rates effects, is there any major difference in owning a CAD bitcoin etf like BTCC.B vs one of the newly minted US BTC etfs? I use GBTC as an example but if there's some you like better please mention.

Q: Please rank the above for a long term hold in a TSFA. Some comment on pluses and minuses for each would be welcome. Add any others that you feel are worth considering.
Thanks
Len

Q: Please comment on big jump on Wednesday.

Thanks


Sheldon

Q: I hold positions in these three banks. What entry points would you be comfortable adding to these names?

Thanks
Tim

Q: Which Canadian bank has been the worse performer in the last cycle?

Danny

Q: These 3 names get a lot of very positive comments from investment mangers, portfolio managers, etc. 5i included. But unless I am missing something I just do not get it. Take BN , for example.which is touted as a growth stock, yet is about the same price as it was about 4 years ago. Not much growth there. BIP..un is the same price as it was around 5 years ago. So many positive comments. Yet the moment stocks see a set back as we have just had, these stocks get hit hard even though most money mangers ‘love, the companies. There has to be rationale for this disconnect, but it escapes me.

Q: Thoughts on the quarter. What is the new forward PE and how does that compare to the historical PE range?
Also, they increased the dividend for 10th consecutive year. What is the dividend growth rate over that time frame?
Thanks Rob

Q: I have to say, having been investing in the market since 1980 I don’t recall any company increasing its dividend by 22% in a year
What are your thoughts on the Q and year

Annual Dividend per Share Increased to $4.68, up 22% from $3.84

Q: We have well-diversified Canadian portfolio (~30 holdings) focused slightly toward growth. Across our various accounts we are overweight in the Financial Services sector. We are considering reducing our holdings in the traditional banks, which are currently roughly equal amounts of TD, BNS, BMO and RY.

Putting aside potential taxation issues, given the choice between reducing all the banks by roughly the same amount or reducing the number of banks to 2 or 3, which would you prefer and why? If it's the latter, which banks would you keep and in what order?

Thanks,

Peter.

Q: How well do you know this company and its management?
Interest rates have really helped clearly but seems like they have made some nice moves ...2021 acquisition of 40,000 accounts from community/Computershare Trust right before rates went up... relaunching the CSS and increasing mortgage loan originations
Also from what I read they are the dominant player in Canada for alternative investments (growing) by a large margin is this true and why are there no other players in this? Noted that TMX Group and Western Pacifc are the only other options in Canada for these investments.
Sharecount has seemed stable for close to 10 years down 90,000 shares.
Any other thoughts?

Q: Hi,

Your answer today on BKCC & BKCL prompted me to compare BKCC with Blackrock BKCL both of which have high dividends….and I still look for sustainable dividends and some growth. As 5i pointed out with BkCC ( usa) it “ tends” to pay a consistent dividend….BUT the share value has dropped from over $16 to about $3.70 today.

1. What is your best guess on the fate of Horizon’s BKCC over the next 5 years?

2. Given that Canadian banks pay consistent dividends and decent dividends….
again best guess…. would buying BNS, CMO, TD, RY, BMO be more likely to provide a better payoff over the same 5 year period.

Thanks.

Q: I have held a position in both BN and BAM for the last few years and considering consolidating into one of the two. Would you recommend one over the other and why?

Thank you