Investment Q&A

Q: Hi 5i,

My question is in regards to tax loss harvesting. I am down, in our non-registered accounts, anywhere from 10-30% on Magna, Methanex, NFI, Vermilion, and Great Canadian Gaming.

I like all of these companies and would like to have them in my portfolio as long term holds. My time horizon is years, if not decades. I don't mind the volatility of these stocks at all, nor do I mind being down (on paper) significantly at any point in time with them - I understand these are cyclical names. Dividends, and dividend growth, from most of them ease any short term frustration.

All of that said, would you recommend crystalizing a loss on any of the above? Do you see any catalyst for short term price jumps (earnings?) that may cause me to get caught buying back in at a higher price in 30 days? And if harvesting a loss is the way to go, would I be better off keeping the proceeds in cash to buy back in after waiting? Or park it in comparable securities? If so, any suggestions?

Dollar-wise, the amounts are significant enough that trading costs aren't really material. The only other variable I should mention is that I don't have any capital gains (realized) to use the losses against, so it would just go "in the bank" to be carried forward to the future.

Lots of parts to that question so deduct credits as necessary.

Thanks, enjoy the long weekend!

Q: I just noticed that the May income portfolio is more than 10% in cash. Is it normal ?, or it due partially to the sale of Valener, ?, if not, are you setting aside some cash for future deployment in a market downturn ? , what would you buy then (or now) ?.
thanks

Q: Hi,

Just curious about this Company with the announcement of the FOX tie up, which I believe you had mused about last year, a media company at least. Currently they only have sports betting in NJ, I believe. They could set up in Nevada, WV and PA with their partnership with Eldorado and Mount Airy. Any reason why they elected to wait? Additionally I don't think they have a licence in PA for betting. Is the stock valuation suffering as a result of the time it has taken to get sports betting to market or are there other variables? I cannot agree that the financing of the purchase of sky bet and william hill were not telegraphed and are the reason for the fall from the heights.

Thoughts?

Q: Thoughts on starting a position in MX.CA at current levels?? Are low global growth fears hitting stock?

Q: Hi, I'm considering a swap of PBH for GIL in my RRSP. I know you like both but could I get your opinion and why. Thanks

Q: Can you please comment on the deal between. PBH and CPPIB? Good for shareholders?

Q: Hi the great 5i team, it seems that meeting estimates move stock prices up or down after quarterly report. Are there stocks in your portfolios that beat estimates 3 or more out of 4 times ?

Q: what would be the maximum weight that CAE should be owned in a balanced portfolio? If at 7% would you trim this back to 5% or even less then this?
Thanks

Q: Fox deal resulted in a astounding initial 26% jump,then retreated after Q.It cannot gain any traction.Is there any reason to start a position or there are better plays? Thanks for u usual great services & views.

Q: With recent good deal, would you increase holdings to 5%? Thanks

Q: Hi Guys I see a parallel on this stock to BPF when Jim Treliving took his marbles and went home the stock never recovered what makes AW.UN different.
Also what is pushing the pipes today
Kind Regards
Stan

Q: As I understand matters the money laundering enquiry has caused an exit of high rollers from GC tables. Can you tell from the timing of events such as the beginning of the enquiry, actions taken etc., and GC earnings periods, whether it is likely or unlikely that GC current earnings statements reflect exhaustion of this exodus or only part of it. Look forward to your reply. Thank you

Q: Could you give me the beta on MX? It really bangs around on price.

Q: I'm a little late to the party on SHOP as it has already had quite the run-up. On a go forward basis would you still recommend initiating a position at these levels? I can buy US or CAD is there a difference which to buy?

Q: As per co,financing increased to 1.46m shs fr 1.125m due to strong demand.Please help me to understand why the increase when the market price($43.68) is cheaper than the bought deal price of $44.55.Is it advisable to start a position here & what percentage Txs for U usual great services & views

Q: Great market response to decent Q($13.60 up .85).How was conference call? Time to add to my 3.5% position($17.28 p/p) Thanks for u usual great services & views

Q: What is your short term and long term outlook for Photon Control?

Q: Do you know the purpose of their bought deal/ secondary bought deal?

Q: All things being equal, would you consider purchasing AW.UN shares below the secondary offering price an attractive proposition?

What metrics would you use to value AW.UN's share price (and would you mind posting those valuations).

Lastly, the institutions that are facilitating this secondary offering, will they be selling these AW.UN shares to their clients?

Thanks again.

John

Q: I've owned a 1000 SHS since last Jan. and I am down 42% or so: missed last Q badly, increased dividend nicely, low pay-out ratio. Hold in my non-registered account - fairly small holding vs total portfolio. I was thinking of adding another 1000 SHS. In hind sight I should have sold in Dec. 2018 to record a tax loss and bought back later. I'd like to see less debt.; but, realize very capital intensive industry - ROE 18% ROI not that impressive though. Good idea for long-term arisen to add now?