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Investment Q&A

Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.

Q: Scotia iTrade (and presumably other brokers as well) offers two different Sherritt bonds for purchase: Coupon 8%, maturity 15-Nov-2018, yield-to-maturity 43.94%; Coupon 7.5% maturity 24-Sep-2020, YTM 29.08%.
Two questions: (1) How can the earlier bond maturity have the higher YTM? It seems it should be the opposite.
(2) I assume that an annual yield of 44% essentially mean that the probability of bankruptcy by the first maturity date is very high. Is there a likelihood of any substantial "recovery" (i.e. less than 100%) in the event of default? What is your opinion of the risk / reward if I were purchase the 2018 bond?

Thanks!
Read Answer Asked by Gregory on July 27, 2016
Q: I was wondering if you could offer any comments on these two companies: IPT (Impact Silver) and PNE (Pine Cliff Energy). I took positions of approximately 0.5% in each about a month back (I do consider them quite speculative), and have done well with IPT (up about 20%), while I am about even on PNE (down about 5%). I do feel that silver could do well within the next three years, and I also feel that natural gas could do better this upcoming winter. Please let me know what you think about the companies, as well as their management teams; and if possible, your sentiments towards silver and natural gas at the current moment, as well as into the near future. Thanks so much!
Read Answer Asked by Domenic on July 27, 2016
Q: Interested on your take of Americas Petrogas. They are divesting oil assets and becoming a phosphate play. Given their unusually large cash balance (for a Venture stock approx .24/share) and JV with a co-op presumably ready to buy their product why is it languishing around cash value? Is it just a waiting game before their assets are reflected in the share price?
Read Answer Asked by Sean on July 27, 2016
Q: Hi 5i team

I continue to hear Marin Katusa and Frank Curzio say they expect significant further upside due to large amount of gold in ground plus uranium assets. They speak very highly of Amir Adnani. Can you comment firstly on the 3 men mentioned and then your thoughts on Brazil Resources potential? Thanks, Greg
Read Answer Asked by Greg on July 25, 2016
Q: Gold dropped about 1.5% today, and many gold and silver stocks are down 6% to 10%. I have a high weighting in this area because these stocks have been "moving up".

What do you anticipate over the next few days for this sector? Possibly a rebound? Or might they continue to drop more?

Any suggestions?

Thank you!
Read Answer Asked by Ken on July 21, 2016
Q: this question is about i shares silver trust etf, slv:us, just in case your section above does not pick up the stock again!
Do you think this is a good way to invest in silver, my understanding is that it holds the actual sliver. also the forward calls on this product seem to have a very reasonable spread, as far as risk reward goes it seems like a good way to get some torque on a 3 to 6 month trade on silver, realizing of course your call premium could expire worthless.
thanks TOM
Read Answer Asked by Tom on July 19, 2016
Q: My only precious metal exposure is Silver Wheaton. With the big recovery this year, it's now at 5% of my portfolio. Would you recommend continuing to hold, selling part or all, diversifying into another precious metal holding and if so, your thoughts on timing ? As always, thank you for your valued advice.
Read Answer Asked by Alexandra on July 15, 2016
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