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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: What do you think of the earnings? They seem to never be consistant!?
They reiterated 2016 guidance of $1.31 FCFPS, that's a 16% FCF yield, pretty rare, no? They bought 11M shares last yr and are planning to buy another 11M in 2016. The market is obviously currently valuing it as a value trap, could it be wrong? Thanks
Read Answer Asked by Eric on May 13, 2016
Q: Hi there

I have held Shawcor through the downturn and have a long term view on my investments - I can wait a few years for recovery. Just wondering given the poor outlook from the company for the next year and the poor outlook on the sector whether its valuation reflects this. Would it be a hold here or would you move on. I do think they have a bit of a unique boring business - a bit like Stella which I also hold.

Thanks

Stuart
Read Answer Asked by Stuart on May 13, 2016
Q: Hi Team,
I received notice from Economical Insurance, as a policy holder, that it plans to go public (demutualization). Apparently if I choose to participate, I can receive shares (or cash in lieu of shares). I have been informed I am an "eligible non-mutual policyholder." This affects 630,000 policy holders.

I am completely unfamiliar with this process. Do you have any information you can share about what this means and do you have an opinion on the value this may offer?

Many thanks. Michael

Read Answer Asked by Michael on May 12, 2016