Investment Q&A

Q: 5i Team, could you comment on following related to ECN, I have a full position on ECN averaging around 10% above current levels. I plan to double down on ECN in another registered account at this level, please comment

On a scale 1 to 10 what are the chances this stock going to zero, like what happen to XBC recently
Current ECN price levels are due to market sentiment to the stock or tax loss selling
On a scale 1 (riskier) to 10 (rewarding) what do you recommend members do at this price level
Comments on interest rate and ECN margins and profit

Q: Is ECN a good candidate for a tax loss harvest?

Q: Thought by 4 pm I'd see a question on CM. Is the -8% reaction overdone? At what point does the dividend support the share price?

Thank you as always....

Q: I have started buying this stock from $2.5 level , My average buying price is $1.8 . Keeping next 3-4 years view is it good to accumulate more at this level ?

Q: Is this a good entry point for a long position in Bank of America?

Q: Thinking about buying BAM.A today before the record date for the spin off. Can you explain to me that how BN and BAM can continue to grow after the spin off? Would one be more growth orientated and the other be more dividend focused? Any advice or insight you could provide would be greatly appreciated to inform my decision.

Q: How does the current collapse in the valuation of bitcoin affect covered call products like BTCY? Is there a thoughtful argument to be made for a recovery trade in bitcoin, and if so, is there any safety added by doing so via a derivative product?

Q: Thoughts on the quarter please?

Thx

Q: I read a couple of recent posts on how bad TD brokerage was and how good National Bank was. Greg ended his post with “TD sucks”. That gave me a great chuckle. I am a TD client and am quite satisfied with their service but this is not to defend TD.

I have started a thread in the Forum under Brokerages and Research Tools on National Bank on the pros and cons of using that brokerage. I am intrigued by their zero commissions but am a bit skeptical on their overall offerings and service levels. I hope Greg and some others will post on their experiences with National.

Anyway, I do have a question for 5i. If I moved one of my accounts to National, with zero commissions, how do they make money from me? I don’t trade on margin, so no margin interest there. I don’t sell stocks short. I don’t buy or sell options. So, why would they want my business, or maybe they won’t?

Thanks
Dave

Q: Could you comment on Bank and CBANK -Both lightly traded with high payouts ?

Q: There is lots of good information in the answers to questions on ECN and it appears 5I knows the company well ..... My question is on management goals ..... They grew the company and then sold off a third of it ..... They didn't keep that money to re-invest they returned it to shareholders ..... And recently they sold off another chunk for $200 million but they kept that money in the coffers ...... How does 5I view their strategy ? It looks to me like growth is not a goal with them ..... It looks like once a business reaches a certain level sell it ...... Does management have a stated strategy ? Are they planning on buying more businesses or concentrating on organic growth ? ....... I just can't get my head around what their aims are .......

Q: Hi there!

If one does not currently own BAM.A, what is best:

1. Buy it before December 9 when the new Corp will start so you get some shares of the new Corp too
2. Wait until after 9 December and just buy shares of the new Corp? Is it expected that the BAM.A and/or new shares will see strong performance after this date?

Thank you!

Q: In most of the offerings of Bank Structured Note offerings, this line appears..

The Bank may benefit from the difference between the amount it is obligated to pay under the Notes, net of related expenses, and the returns it may generate in hedging such obligations.

I believe this implies that any options,dollar hedges,derivatives ,futures, EFT'S or derivatives thereof,long and shorts positions of any of these...that the bank would most likely be the other side of any trades within these notes.

Question...It seems that the bank can and will dictate the outcome of these risky things thru related expenses.(.ie the bank deals the cards then plays the hand) ...is the deck not stacked against the retail investor of such so called investment instruments?

Q: Hi Team,

Have you noticed all the BAIL-IN debt that's being raised right now by Canadian banks? Shouldn't we be exiting these stocks or am I misreading what is going on?

I was shopping for some short term bonds with high yields to hold to maturity and I see a number of issues where "Bail-in debt," is written in the comments on the bonds.

Q: Hi Peter, Ryan & 5i team,
Opinions seem to be high on Visa right now with pent up demand for travelling . What are your thoughts on the stock? It is trading @ $211.73 US . Is there a canadian hedged Visa Stock? "VISA CDR trades @ $20.48. can you please clarify?
thank you for your opinions.

Q: Your thoughts on this company?

Q: This is a question further to what has already been recently answered. I also own BIP.UN and BEP.UN. As we know, post spin-off there will be the new BAM, and BN. Which one of these two would best compliment my existing BIP.UN and BEP.UN positions as an add-on ?

Is it best to buy the current BAM.A now and sell the one unit, or does it make more sense to wait after the spin-off......or is too hard to call ?

Q: 2 companies that keep coming up in your forecast of beaten down stocks ripe for recovery are ecn and gsy.i have owned gsy forever and i think most members of 5i get why gsy is a good company, mgmt etc.
but i do not really get ecn, i know steve hudson runs it and he has done it before, but why are you so high on this one as a recovery play.dave

Q: What does the market expect this quarter?


Thx

Q: Hi 5i, only one question ever on VBNK (note new ticker - your system says VB) and it's an old one. I bought years ago, sold 25% at over 100% profit, failed to sell more, watched it descend, now just doubled down. I'm not trained in finance but to me the income statement over 4 years is good (though some expenses up), balance sheet is good to strong, cash flow good but two indicators (investing cash flow and financing cash flow) are negative, and operating cash flow has slowed (down 50% over 4 years). Nicely profitable, low debt, good business model, expanding into US (hopefully a good thing!), what's not to like?

Thanks for all you do
John