Investment Q&A

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 ?

Thank You

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

Thanks
Phil

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.

Regards,

Shyam

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.

Q: which 2-3 Canadian growth stocks would you buy in YOUR TFSA for 2020 if you were allowed to buy Canada?
Thank you

Q: Why is NFI considered a Consumer Cyclical and SIS considered an Industrial? I might almost see them the other way around since consumer purchases of SIS's products would seem somewhat cyclical according to the propensity of individuals to make major commitments to their lines of products. Purchases of NFI's products would be driven by municipal budgets which might be more stable in good and bad times.

Q: On Dec 13 Credit Sussie downgraded BNS to Neutral (from Outperform),$75 TP, Av TP$78.92 It dropped $0.89 to $73.82 on above av. vol of 5.2m shares.Note that there was a purchase of 2m shares @ the close.Apparently there was above average vol. for the other big 4 banks. Your comment please. Txs for u usual great services & views

Q: On Dec 13 Chevron,the big partner in LNG in kitmat,B.C. wants to sell its stake.Reportedly some work had started on the site by ACTO etc.How will it affect BAD? Txs for u usual great services & views

Q: After market closed on Dec 13,it was announced that LSPD will be added to TSX Index on Dec 23 at the open.Your comment please. Txs for u usual great services & views

Q: On Dec 13,Goos dropped $1.52 to $51.35 after a report that it dropped its sale price on its product.Please comment .Is this a opportunity?.Hong Kong still in turmoil & no end in sight.However phase 1,US/China trade deal had been agreed upon & documents being drawn up for hopeful signing in Jan next. Txs for u usual great services & views

Q: Can I have your valuation of cae for a 3 to 4 year hold and given its premium price would now be a good time to start a position? Thank you.

Q: Could you please comment on earnings. Cash and working capital seem much lower as compared to last year, could you explain this for me. Also a comment on the stated backlog? Did you listen / hear anything of interest on the conference call?

Q: Greetings 5i -
Your thoughts on NWC's most recent quarter, please.

Q: FYI - Re Shopify insider sales by COO. Check out "canadianinsider.com" for a good view of options and rights at very low prices that were exercised recently. ($6.22 US options and $0.152 US rights) A sweet deal when selling at ~ $370.00 US.
I find the website very informative and have it bookmarked.

Q: When do theyI the report? Estimates please