Investment Q&A

Q: Re: your answer on FCR today "The move will lower the company's cost of capital (probably). It makes sense, and most investors have likely been treating like a REIT anyway. It is a real estate company with a portfolio of assets, with a high dividend. Similarities exist already. It will be similar to others, but with a retail focus, but at least anchored by grocery stores and drug stores. It will 'probably' be a taxable conversion, so this may annoy some long term shareholders with embedded gains. "

On your last paragraph saying "will probably be a taxable conversion" that means holding FCR on non register a/c
may get taxable conversion.
I hold 1013 shares in cash a/c and have 28% gain, so should I sell before the conversion?
Thanks as always,
Tak

Q: another quarter of fantastic earnings, dividend raise , roe incredible etcetc,
so when will this stock get the 15-25 pe it deserves or will that never happen because of the business their in.
this is a growth stock that keeps growing with a 11 pe. dave

Q: Good morning 5i,

Could you comment on news out of TOY?

Thanks!

Q: Please comment on the financial result of CSU. ThanKs a lot.

Q: Noticed the special dividend of $20/share and read the companies brief comment that while still seeing an attractive acquisition pipeline they have excess capital requirements for 2019 hence the dividend. Managements track record is pretty impeccable and their reputation as capital allocators is second to none but is this a small cause for concern going forward, especially as they rely on acquisitions for most of their growth? I'll gladly take the $20/share but would have thought there were more acquisitions out there or maybe even some debt could have been paid down? Maybe I'll pose this question to CSU on their Q&A site as well but what are your thoughts?

Q: Please comment on earnings. Thank you.

Q: Please comment on CSU's Q4, including your thoughts on the normalized accounting effects of the bargain puchase gain.
Also, the $20 special dividend, about $400 million total, is 5 years of the usual regular quarterly dividend.
Do you see this as a sign their acquisition plans are slowing down or are they just reaping some rewards?

Q: The balanced model portfolio report has the wrong jan 31 closing prices ccl sis pbh gc are only ones i checked.

Q: SIS looks to be running quite flat recently. Do you think they might be poised to run up (or down) soon, and if so, why?

Q: Which company/companies would make a good takeover by Shopify? In other words, if you had to name a few potential takeover targets for Shopify $2B, who would you list?

Q: SHOP: can you provide an update after conference call -- any surprises?

Q: In response to Dave and his question regarding The Stars Group you used a phrase that you have sometimes used before; i.e. "The relentless selling may indicate something more". Perhaps you could elaborate. On the face of it you seem to suggest some investors have information not generally available to the rest of us and I'm not sure that's what you meant.
Thanks
Mike

Q: What is the estimated Rev & Eps of the above 3 companies. More important,what is 5I's opinions.Thanks for u usual great services & views

Q: Do you have the next reporting date for COVALON?

Q: Hi 5i,

There have been a lot of questions on TSGI and you have been defending the company. The share price (short-ish term) has not agreed.

What would you need to see happen before we'd say "something isn't right here and it's time to move on."

Thanks!
Dave

Q: Please comment on the quarter.

Thanks!

Q: This company didn’t participate in the recent market bounce, usually not a good sign. Approaching recent lows. Is the market ancipating a weak quarter? When do they report next? Thank-you.

Q: Peter; With all the terrible blizzards across the continent wouldn’t this pump up Boyd’s earnings nicely? Rod

Q: Yahoo shows 14 analysts est. for 2019 earnings as;
LOW-$1.90 HI-$3.27 AVG-$2.48
This seems very strange for such a big Co. & a decline for 2019?
Pls. adv. what your sources show for 2019.
Thanks

Q: When does Great Canadian Gaming report it's next earnings? Would you initiate a position before or after the next earnings report? I can say the GC Element Casinos in BC are always packed, with line ups for loyalty cards, the buffet, and free gifts.