Investment Q&A

Q: Hi Peter & 5i: Am I missing it or is there no link from your Members page to your model portfolio?
My real question is whether you could take another look at the answer you gave to Ken on his ZPR question? In particular the comment that: “... we would not choose a single company over an ETF.” Presumably that isn’t generally true or else your model portfolio would only hold ETFs. Keep in mind that Ken’s question was about adding a holding in the context of a larger portfolio. Presumably there are times, at least, during which you might prefer the prospects of a single company over the index (or average return) for the relevant sector. So are you really just saying that right now you don’t prefer HR.UN’s prospects enough to outweigh any perceived individual company risk – or do you mean something more than that? Thanks!

Q: RLC - I am holding some RLC shares. I see that they are about to issue $25 million of convertible debentures. What will this do to the share price?

Q: Hello Peter and the 5I team

I have watched MRC and MEQ for some time, they don't seem to ever trade above book value. I realize that they pay either no div or a very low div, is this the reason why they trade fairly low compared to their P/B ratio? I expect that most real estate investors prefer REITs because of the Higher Div. Do you ever see a point when these companies will trade above their book value? Both companies have decent balance sheet's in my opinion? Whats are your thoughts on these companies?

Q: Hi Peter and Team,

REITs have come under pressure in recent months due to interest rate concerns but one name has never really gotten off its feet since their IPO late last year is Regal Lifestyle Communities Inc (RLC). With all of their properties in Sask, Ont and Nfld and with the demographics playing in favor of assisted living/independent services living would this be worth considering alongside the likes of Chartwell, Extendicare and Amica?

Thank you,

Q: Do you think it is a good time to buy NPR.UN-T or should I stay out of REITS?

Q: I hold ZRE in my non-registered account and it has taken a hit recently which I am ok with as I primarily purchased it for its healthy yield (5% plus). With an improving economy I would have expected some increase in the monthly payout and that has not happened. Would you expect the REIT industry will be increasing payouts in the near future or should I sell now to avoid further price deterioration as interest rates slowly increase. I already hold lots of interest rate sensitive stocks by way of utilities and pipelines. I note that you recommend H&R which has increased it's payout. Would this be a good switch.

Q: Peter, I am thinking of selling North West Health reit and taking a small capital loss in taxable accounts and splitting the proceeds between Cominar and Dundee, D. I would like your opinion please. Is D.Un debt too high? Thanks Ken

Q: Your thoughts on KMP. Thanks.

Q: Hello, 5I, do you think Dundee International (DI.UN) is a really good buy now?
Thank you

Q: CSH.UN, I looked at fundamentals & it looks like they have huge debt, neg. ROE etc.-but, looking fwd demographics would suggest might be a good long-term buy and hold? What do you think?

Q: hi peter;could you give me your opinion on d.un it has a good div. would you buy it . thanks brian

Q: I've taken a 20% hit on Dundee (D.un). Andy Nasr said he would sell Dundee because the supply of office space in Toronto is poised to increase (an area of focus for Dundee). I realize many of the reits have been hit hard but is Dundee fundamentally flawed? I could sell d.un and buy HR.un or FCR to recoup losses when the tide turns more favourable for the sector. Thank-you.

Q: Hi Peter,
I have a question about FCR. I increased my position in early Aug and it is now about 5% of my portfolio. I also own HR.UN, CUF.UN, and AX.UN, approx. 5% portfolio each. These stocks continue to slide, so I'd like to ask you whether you recommend to hold, sell and cut losses, or buy more for either of these? I am looking for long term growth/income rather than immediate one. Thanks a lot!

Q: Hi There
I'm wondering if you have any further comment on ACR.un since your February comment. Thanks.

Q: AAR.un
Hi There
I am wondering what is a happening here - other than profit taking, as there does not appear to be any news.
Thanks

Q: Can you please place these Reits in the order that you would buy in today's market ? D.un , Ax.un , Cuf.un
Fcr , Cwt.un , Hr.un , Reid.un. Ap.un . I own all these and they represent 18% of my portfolio , I'am retired and need the cash flow . If I sell some of these names and buy the ones that pay a higher yield I would increase my cash flow , in your opinion is this taking on more risk , same capital but less names ? Finally if we get a housing correction in Canada , will that cause another leg down for this sector ?
Thanks

Q: I'm thinking of buying some par.un for yield,I know you are not to keen on this REIT,but I see it is going to buy back some of its units,does this make it a little more attractive.

Q: I am in the red on True North Apt Reit. What do you think of it and do you think apt reits are able to survive better if interest rates go up?

Q: HLP-UN.TO is trading at 5 years low. Your comment is appreciated.

Thank you.

Q: Hi Peter and Team, I have been watching LW for some time and up until last week it was rather docile (hovering in the $12-$13 range all year). However, in the last 7 days it went from $12.45 to $10.50 as I am looking at my screen right now. That is a one week loss of almost 16%. Do you think this loss is justified or is this an opportunity to get in cheap?