Q: Hi, I have owned/followed this company for years but not sure how the stores ended up being Circle K instead of Mac's? See very few Mac's anymore?
Happy Holidays to all! Lavern
Q: Thank you for your email yesterday on the potential investment opportunity in Real Matters. I think I’m missing something concerning the company’s supposed added value. In most instances, people who are seeking to buy a property, whether residential or commercial, will contact a loan officer at a local lending institution who would then assign local professionals (brokers, notaries, appraisers, attorneys, etc.) with whom they’ve done business satisfactorily in the past. Each professional would perform his or her services as required by the lender and the mortgage would then be granted.
In situations like the above, which I presume is what occurs most often, what added value would Real Matters bring to the process? Even in a case where a buyer is looking to purchase a property at a distant location, wouldn’t it be to her advantage to seek out a mortgage from a local lender who has a close working relationship with local professionals who have an intimate knowledge of the territory? In what way would the lender benefit from searching for professionals via the Real Matters platform?
Q: In an otherwise balanced portfolio, I hold both Spinmaster and Boyd. I’m thinking of consolidating into Boyd but am wondering if you think Spinmaster is worthy of a bit more patience.
I like the valuation, growth rate, management stake and conservatism. My main concern is whether they are chasing loan book growth during a period where Canadian personal balance sheets continue to deteriorate. In an unfortunate scenario of net charge-offs rising through their B/E charge-off rate of 24.6%, how quickly could their funding dry up? Does this name have a large short base from the short Canadian Financials camp out of the U.S.?
Do you know the breakdown between secured and unsecured loans within easyfinancial’s $1.03 billion loan portfolio? For the secured portion, what type of collateral do they typically receive?
Q: Both of these companies are up significantly over the past year. Could you highlight what your rationale is for purchasing at these levels, and valuations. I am thinking of acquiring both, but want to understand more clearly.
Will there be a report update in near future for CSU?
Q: Peter, I understand that many of Couche-Tard's convenience stores are anchored by gas stations. Do you foresee a risk relating to (or has the company planned for) the gradual but inevitable reduction in gas-powered vehicles, as EVs replace them? It seems to me that if the Company can commit the capital for, and has the room for, high-grade charging stations, there could be more upside than downside because drivers will be forced to 'kill time' in the stores while their vehicles recharge. But if the Company can't or won't provide charging stations, this would seem to lower its customer base over time. Your thoughts appreciated!
Q: Hi, I understand, Boyd units will be converted to a corp, as at Jan 2, 2020. Capital gains will need to be reported(Tax Tear 2020) for a Non Regd account, based on the closing price of Dec/31/2019 ( I think). Most of our BYD.un (6% of portfolio) is held in Non Regd account and it will generate a huge Capital Gain. Two questions:
1. Based on the RRSP/TFSA contribution room available, will it make sense to move some shares to registered accounts for future growth.
2. The only tax loss shares we have are, BAD, AW.un and Rogers. Which ones should be used to offset gains ?
Q: Thank you for your response of Dec 9, but I am still a bit confused. The commentary provided by DOL indicates that for fiscal '20 they expect to have opened 60 - 70 new stores, and this appears to be without any contribution from their new acquisition, which in turn is expected to open 40 - 50 new stores (each year?) which is a growth rate of around 20 - 25% pa. And the forecast for the coming year repeats the new store openings of 60 - 70.... excluding any Dollarcity contribution?? So while I did not appreciate that their new acquisition was so much smaller in comparison to DOLs current assets the growth contribution from this purchase looks as though it has been quite heavily discounted. If you can clarify that would be nice. Thanks
Q: The stock has been dropping to the level where they announced their acquisition.
Is there any reason why the premium is now completely out?
Could the market sense GDI issuing shares at a lower price?
Thanks
Q: Hello Peter and team
Sent this once a couple of days ago not sure if it got lost.
Looking to reinvest some profits from Shopify. Regardless of sectors and weighting, please provide your current top 3 picks from both the Balanced and Growth Portfolios
Q: Hi,
Do you think CAE will be affected negatively if Boeing prolongs to ground 737 max ito next year? Do you have any other concerns with CAE? Thanks.
Q: I have both GUD and PHO in my RIF both at about a 20% loss. Which one has the best chance of recovery and significant gain over the next 12 months. Thanks
Q: With Cineplex gone, another dominant Canadian company is bought out. How likely is this the fate of Dollarama?. Buyout from Dollar General a possibility as they don't appear to have a presence here ?
Q: I am concerned about Badger Daylighting . I keep reading news articles that the rig count in the US keeps dropping and some layoffs in US in oil/gas industry. I realize that a lot of their business is with utilities but a portion is still with oil/gas. Your thoughts please. Buy more, sell or hold? Thanks.