Investment Q&A

Q: Is the TRI reverse split effectively a share buyback? What are the advantages to this approach as opposed to a NCIB? Do you view this news as a strong positive for the stock or this basically neutral?

Q: Saturday morning on CBC Mark Warner warned viewers not to be too overconfident about Canadian banks compared to US banks. His reasoning was that Canadian banks have been buying banks in the US.
As I am a holder of Canadian banks this has me concerned. I was wondering if you could shed some light on his comment and which banks might be at the most risk.

Q: Hi Peter, Ryan, and Team

In your answers to other members, I’ve observed that National Bank isn’t one of your recommendation, and I’m wondering why.

Their 5 year CAGR is 9.4%. For the 3, 5, and 10 year periods, the beat their peers (BMO, CM, RY, BNS, and TD) by 6%, 6%, and 3% respectively.

Watching the negative news involving GSY, I’m considering switching it to NA. Since we’ve held GSY for some time, we’re still up quite substantially.

In our combined accounts, we also own TD, which we’ll keep.

I’d appreciate your thoughts on this proposed switch. Thanks in advance for your insight.

Q: Hi . If I buy BAM shares on the NYSE, and hold them in my cash account, will I be able to keep the dividends in $US. and benefit from the Canadian dividend tax credit? I am a Canadian citizen and reside in Canada. Thanks. Ben

Q: With TD's purchase price of FHN @ $25, is FHN a buy since it is trading around $17.50 currently???

Thanks!

Q: value plus dividend is their a bank that sticks out as an ok buy

Q: Hi, has there been any recent negative news about BNS as its price is falling today whereas all the other major banks are up?

Q: Hello,

If you ultimately think Go Easy will be fine. And as per their CEO at the National Bank conference saying that they will “continue to grow and meet targets”. How is this not a buying opportunity with the company down 25% and out of favour?

Q: When the initial shock at SVB happened, I traded First Republic shares and made enough profits to buy a long position when the shares went into the 12's. I don't believe that the US Govt. will allow these "small" banks to fail. Ex: FRC has over 7000 employees.
Are there any other US "small" banks that you screen that have been hammered but have a good prospect of surviving and flourishing? I have a very high risk tolerance.
Thank you Gordo

Q: Hi

We still have 500 shares of GSY in our RRSP accounts

Thinking of selling and buying BAC. Both are beaten up. However I am thinking BAC
has a better chance of recovering in a shorter time frame with less government interference.

Your comments or other suggestions in the US are most welcome.

We already have CROX, BRK.B, CELH, PERI, NIO, INMD, LNTH, IFRA,XYLD, IYW

Thank you

Mike

Q: thoughts on this long term thanks

Q: Good afternoon,

Could you please contrast BN and BAM with respect to exposure and sensitivity to the commercial real estate market. If one was looking to underweight commercial real estate, which would be your choice (or not at all)?

Thank you

Q: SCHW is down ~6% today, March 30, after a downgrade by Morgan Stanley. CFRA issued brief research yesterday rating SCHW a “Strong buy”. Although TD owns (I think) a chunk of SCHW , TD:us is up today. I had been planning to buy SCHW thinking it was being overly punished for the sins of others. Granted, deposits are flying out, but its CEO is quoted a couple of weeks ago to say that even if clients demanded all their deposits back, SCHW would still remain liquid. I am going from memory and am now unsure of the veracity or reliability of information I refer to above.

SCHW still strikes me a reasonably good opportunity at today's price. Would appreciate your comments, preferably with some depth, if you would please. Thanks

Q: Dear 5i team.

There have been a few questions lately on HMAX vs ZWB and all the responses thus far discuss the upside potential and difference in strategy. What are the downside risks of these two aproaches to their covered call strategies? Has the recent volitility in Banks given us any insights into this part of the question, or are we still in speculate on outcomes mode. If the latter, please provide some educated speculation on impact of continued downward draft in Bank equity prices.

Thanks for your insights.

Arthur.

Q: Is BAM exposed much to commercial real estate? What percentage of their cash flow is from this sector? Thanks

Q: How do these two ETF's compare?

Q: Hi 5i
I thought one of the Canadian banks (National?) had a large interest in FSZ. If this is the case would it be less likely that FSZ would consider cutting the dividend ?
Your thoughts on the dividend safety at this time.

Thanks

Q: I hold Goeasy and am down over 40% on my purchase price. I am thinking of getting out. Do you have anything in mind as a suitable proxy. Thank you.

Q: FLI has a good dividend but it is on its declining share value. It is contradictory in its performance as higher interest is supposed lift Life Ins companies earnings. Please advise what is the way to find out how these ETF burning through capital and do you have alternatives for this sector of financial cos.?

Q: Hi 5i, my question is on all financials impacted new taxes.

"Dividend tax change: Ottawa is planning to raise billions of dollars from banks and insurers through a change in tax rules on dividends that financial institutions receive from Canadian companies."

Can you put a guess on how this will impact investors?

Thx