Investment Q&A

Q: I have a question about stock quotes in general using TNC as an example. I often see quotes and %gains/losses that don't seem to make sense. As an example, if I look at quotes for TNC this morning across a variety of platforms, I see a price of $1.86 for a gain of 3.91%. If you look at the numbers however, it opened at $1.85 for a 0.01 gain - but this would only be 0.5% gain, nowhere near 3.91%

Just checking again now, the quote is $1.83, which should be a two cent loss, or 1.08% loss, but it's showing a gain of 2.23% on the day. What's going on?

Q: Hello.
I would like to ask you to put your Income Investor Hat on for this question. But in saying that, I have to add that I am not willing to be an Income Investor who gives up Capital value just to collect an income stream.

The situation is one you may have seen before....... Significant number of BCE shares held in Senior's investment account. To identify the sensitivity of the situation, the amount affords dividend payments that exceed combined company pension and CPP together. The BCE income stream affords the lifestyle as it is today.
This is great except for the lack of diversification and the associated risk of a single stock position being so large.

The question to start, I have to ask whether for a senior who has been comfortable for over 50 years investing in a single stock, does a third party even talk about diversification?
If yes, from what you see here how would one go about identifying investment choices and creating a diversified portfolio with similar attributes as BCE has offered throughout these years. (Bonds not currently desired due to low income yield - And the Pension Plan is already an excellent Bond proxy)

Given the Market activity over the past 14 months and BCE price holding up while other dividend paying investments are declining in price/ increasing yield, I sense this is a good time to begin this diversifying activity.

Thanks for the effort you put into offering us all Market and Stock insights.
Dave

Q: I would appreciate some clarification to your answer to my question.
My guess is that you are telling me that I do in fact have a 22% Energy weighting.
Am I correct in saying that?
If so then I suspect that when Oil turns around I will look like a genius!
BUT in the meantime I am more concerned given the fact that your recommended weighting is 5% for Energy.
My goal is reasonably safe dividend income(you've heard that so many times recently) and all of the stocks I had mentioned pay decent dividends.
I am underweight Financials (10% weight) and Industrials (14% weight) compared to your recommended weightings. Otherwise I am pretty much in line with your recommended weights by sector.
I am also 30% cash right now.
Based on this information, what would you suggest I do?

Thanks again.

Q: The second part of my question was....
Would you recommend buying POT at this time for an investor who is looking for income and long term capital growth?
Thanks.

Q: What do you think of their latest results. Is this a good stock for income and some growth.

Q: Hi Everyone! Thank you again for the great service you provide to us!! I have been watching BU for a while, last couple days the price and volume has gone up. Is there any particular reason

Q: What do you think about the probability of another dividend cut for POT?
Do you think it is currently a good investment for a buy and hold investor who is looking for income and long term capital growth?

Q: Hello Peter and Team,

Doing a portfolio review for my 30 year old son. He has a Defined-Benefit pension so doesn't need any fixed income. With only growth in mind and a 20 plus year timeframe, roughly what allocation would you do for:

Canada/USA/Europe/Emerging Markets/Any Other?

Thanks for all your hard work,

Wes

Q: Good morning Peter and Team,

In my RRIF, I have a half position in BCE and a half position in T. BCE has done better for me than T, althogh both are up. Going forward, should I keep it as is, or sell T to get a full position in BCE? I ask this because of the headwinds T might encounter due to their Alberta exposure. Thanks.

Q: I have a 3.9% (ACB $15.90) position that I acquired in 2014. Liquidity is a problem. It took several small purchases over a few months to establish the position which in $ term is actually quite small.

To date Algoma has been a bit of a disappointment.

There have been 2 recent developments.

On Jan 15 they announced a joint venture with Nova Marine to create a Global Cement Carrier Fleet. Growing / Diversifying is good but the cost and how they intend to fund it was not disclosed.

On Feb 16 they announced a favourable arbitration outcome re Mingde. No numbers were announced. Mingde has declared bankruptcy. This process will take some time and there is no way to know how much Algoma will ultimately recover.

I understand the value of patience. The current yield is abt. 2%. The shareholders aren’t being paid much for their patience.

Is it time to move on or would you give Algoma another year or so?

Q: Could you please comment on CHE.UN 4th quarter and annual report.
Thanks
Roy

Q: My simple calculation for SGY NAV is $4.01 whereas the corporate report states $4.88. I'm not an accountant - please explain.
Thank you.

Q: Would appreciate your advise on sector allocation by criticing what I have now with your opinion looking forward. What I have today is as follows:
Energy 4%
Cons disc 16%
Cons stap 18%
Fins 16%
Health Care 5%
Industs 10%
Mats 7%
Utilities 10%
Info Tech 15%
Telecom 0%
My Health C is GUD & EXE only
I am not looking at long term, 0 - 5yrs or so.

Q: I'd appreciate your thoughts on CBL, please. Thanks

Q: Wow what a Quick answer on XSR.Sorry it should be on WEF.Reported $265.6m revenue more than $256m expected,0.2 diluted Eps less than 0.4 expected,& $29.6m Ebidta.Your comment & effect on price.Always appreciate your normal great comments & services

Q: In an earlier response to Jacques you provided the 2015 performance for the S&P/TSX Total Return Index together with a link to where it can be found on the TMX site. I have been searching long and hard for historical performance data (going back further than 2 years) for the S&P/TSX Total Return Index to no avail. The TMX data only goes back 2 years, I would like to have at least 10 years of history to benchmark against my personal portfolio performance. I realize that this is a question better suited for the forums, and I did post the question in the “brokerages and research tools” forum a few weeks ago with no replies. I even noticed that another member posted the exact same question in one of the other forums also with no replies. Can you either provide the year to year performance going back 10 years or direct us to where it can be found? Thanks.

Q: Hi 5i team, between my wife and I we have 7 accounts, 2 RRSP, 2 LIRA, 2 TFSA, and 1 non-reg for a total value of 950K as of yesterdays closing, consisting of 38 stocks, and 7 ETF'S for fixed income and foreign exposure, spread across all account's. Do you think this is too many position's, the stock's are equally weighted at 5-8%.

thank you a very satisfied customer

Q: Hi, will ask this again.
my portfolio needs help-- 23%cash-18%GGF31222-20%VUN-7%XEF-6%ZGI-4%SLF-5%VXC-5%ZUH-4%IYT-3%XEH-3%ATDB-2%DIS.
WE ARE 70 YEAR OLD RETIRED COUPLE W/O DEBTS. WE WOULD LIKE TO BEGIN TO DEPLOY OUR CASH. PLEASE ADVISE WHAT YOU WOULD CHANGE, IF ANY,AND WHERE YOU WOULD BEGIN TO PLACE OR NIBBLE CASH. WE ARE LEANING TOWARDS DIV.'S, BUT WOULD RELY ON YOUR INPUT. THANKS A LOT

Q: What is your opinion on the decision from Air Canada to stop reporting monthly traffic figures in favour of quarterly numbers and the airlines' CEO comment on short term investors and long-term stakeholders

Q: When do these company's report earnings next:

CXR, CRH, TOY, LNR

Are they all YE (Q4) earnings?

What is their forcast for EPS and Cash Flow per Share for 2015 & 2016?

Thanks, Shane