Investment Q&A

Q: Can I have your views on the latest 1st quarter earnings for this company.

Q: I am retired and have held MRT.UN in a RIF for a number of years, but it has dropped 20% in value in that time and although I appreciate the 7%+ yield, it is just languishing there with what seems very little prospect of growth. It does seem to have stopped dropping in value though.

On the other hand, DIR.UN has been on a bit of a tear in the last 3 months and also offers a high dividend. I am considering switching to DIR.UN, but wonder if this rally is played out and if it's likely to maintain its value or slump under profit taking. I'm a bit wary of switching from a loss position in one stock to buying high and losing more on the next one.

Do you have any thoughts on making this switch?

Q: How does it compare to other Industrial REITS? Is this area becoming over-built compared to Office, Residental etc.

Q: I would appreciate having your thoughts on ACR.UN and their announcement regarding a special distribution following the sale of Parkway Place in Toronto for $256.3 million.
Thanks, Jim

Q: The earnings yield on IIP.UN appears to be around 22.4%. Annual EPS in 2017 was very high compared to 2013-16 EPS figures (as per Morningstar). TD doesn't show any earnings consenus estimates for 2018-20. Was 2017 a one time event? Please clarify?

Q: Some company valuations are based on Net Asset Value (NAV) while others are based on Book Value (BV). What is the difference between NAV and BV per share?

Q: Hi there,

Which of these would you say is better for income with some growth and why? What would make one a better buy than the other? Finally, once you identify your favourite of the two is it a buy, sell or hold?

Thanks

Q: Hello Team 5i,

Our current weight on DRG.UN has shot up to 7.6%. It's the only holding we have at this elevated weight, so not a huge danger to the whole portfolio. I would prefer to keep my winners but price is quite a bit above 200 day line suggesting pullback to mean and I wonder if I should sell some and take profits? Any words of wisdom from your team greatly appreciated.

Regards

Q: Hello 5i can you comment on cigi earnings

Q: Morning,
Any updated thoughts/metrics on this small REIT that just had an analyst start covering today?

Q: At around $9.25/share, is this worth holding through the sale process. If sale doesnt proceed does it drop back down to the $8 level

Q: With the recent announcement, buying land and building upon it is a very costly way to generate revenues.... what's your view on this type of expansion?

Q: Hi are Dr ,kwh.un and HR.UN safe to add to at todays levels which ones would you top up first

Q: Which would you prefer?

Q: Could you please provide the NAV for MRC.
Thanks
Bob Rose

Q: I have held 1,000 shares in my RRSP since July 2013, and because of the dividend, have just now broken even. Should I take the company's tender offer of $24/share and redeploy, or cut and run?

Q: Hello 5I,
Your opinion of TCN please? I am thinking of starting a small position with this company.
Many thanks for your usual expertise,
Jen

Q: Following on your reply for alternative lenders, i would caution buying Home Capital for the reason suggested. I am a real estate lawyer and my broker contacts tell me Home Capital is doing very little new lending to residential homeowners who can't meet the Canadian bank standards.

Q: With high debt being a concern for all companies, I thought today's news was reasonably positive but it appears that the market disagrees. As always, I would appreciate your analysis.

Tricon Capital Group Inc. (TCN-T) says it has an agreement to sell the portfolio of 14 manufactured housing communities, including its Tricon Lifestyle Communities investment vertical to an institutional investor. "The sale of our TLC manufactured housing communities portfolio represents the next meaningful step along our stated plan to simplify Tricon's business," said Gary Berman, CEO of Tricon Capital. "We intend to use the net proceeds largely to pay down our corporate credit facility, reducing our overall debt level and creating additional flexibility for future investments. Going forward, we will focus our growth efforts on our core investment verticals, where we have a clear path to scale, leadership and attractive long-term returns."

Q: WITH NEW QUALIFYING MORTGAGE RULES, I BELIEVE CONSUMERS WILL BE LOOKING FOR ALTERNATIVES OTHER THAN CANADIAN BANKS ARE THERE ANY STOCKS THAT MIGHT BENEFIT BY THIS CIRCUMSTANCE IF SO, WHAT MIGHT YOU RECOMMEND THANKS