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Investment Q&A

Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.

Q: Your comments please on the latest quarter from iFabric IFA. Sales had a nice jump but not much seems to be hitting the bottom line? Thank you
Read Answer Asked by Marty on August 21, 2014
Q: 9:21 AM 8/21/2014
Hi Peter:
I must sell something to pay income taxes. I am considering the following 3 choices. All are in my TDWaterhouse cash account :

1. Olympia Financial Group Inc OLY. This is a 1.5% position, ACB $48.11 Current Capital Loss $11,353. However we received the $10/share dividend last year hugely offsetting the paper loss even though the taxable loss is still $11,353. Current Dividend Yield 7.22% Yield in Cost 6.05%. I already have a sizeable realized tax loss this year so don't particularly need to realize any more now.

2. Corus Entertainment CJR.B This is a 1% Position. ACB 24.12. Current Capital Gain $633 Current Dividend Yield 4.37%

3. Surge Energy SGY This is a 2% Position ACB $7.85 Current Capital Gain $2,915 Current Dividend Yield 7.17%

I really don't know why Olympia has been drifting down so much this year as it seems like a nice little company and regularly raises it's dividend. Are there any hidden weaknesses that I don't see? The recent quarterly results are :

Highlights from Continuing Operations for the three month period ended June 30, 2014 include the following; when compared to the three months ended June 30, 2013:
-- Total revenue, including interest earned as trustee and interest,
increased 6% to $9.24 million from $8.69 million;

-- Interest earned as trustee on monies held in trust and interest on
Olympia's own cash increased 17% to $1.41 million from $1.21 million;

-- Direct and administrative expenses (excluding depreciation and
amortization) increased 6% to $7.27 million from $6.89 million; and

-- Earnings before income tax decreased 3% to $1.67 million from $1.73
million.
Olympia advises that it will not be pursuing its prepaid card business and has requested a voluntary termination of its Mastercard issuer licence. As Olympia Trust is not federally regulated and given the fee restrictions imposed by provincial gift card legislation, it was determined that this business is not viable for Olympia at this time.

These three are all held long term [permanently] mainly for their dividends and hopefully some capital growth. I would have to sell all of Olympia or Corus, or half of Surge to pay the tax. I really don't want to sell any of these but must choose one so I would ask your advice on which is the weakest and must be sold.
Many Thanks........ Paul K
Read Answer Asked by Paul on August 21, 2014
Q: Almost a year since subscribing to 5i... appreciate the great timely research. First ever question. You gave your take on DCK earlier in the year, have their prospects improved since then? I see they came out with a Kakwa well flow test update recently. I still have a position at a lower entry, do you see much upside in Donnycreek at this point? Or are there other junior O&G names that you prefer? Keep up the great work!
Read Answer Asked by Tom on August 21, 2014
Q: I have some LHR stock from way back when it was a REIT and am sitting on a loss (which I don't need to take at this point, tax wise). It's been ticking up lately but is sparsely traded and has been more or less flat for years. Do you think that there any point holding this further?
Read Answer Asked by Martin on August 21, 2014
Q: I'm looking at taking on some growth/risk stock in the telecommunications sector, I was wondering what you think of AXX as an option. If not them, any suggestions on a stock that could fit that growth/risk mold.
Read Answer Asked by Jim on August 21, 2014
Q: PRC - is doing a stock consolidation; 10 shares become 1; I am a share-holder and do not understand; will $1,000.00 worth of stock become worth $100.00 - that would explain the selling, but seems crazy; please advise.
Read Answer Asked by Valerie on August 20, 2014
Q: Hi Peter, WIN Wi-LAN has moved steadily up over the last month since it's low. Given the non sale of the company and some changes to the business model do you see stability or further volatility?
Thank you.
Read Answer Asked by Martin on August 20, 2014
Q: you commented on YMI in May 2012. Has anything changed here other than the extremely high cost of putting the mine in production. also would much higher commodity prices attract more attention to what looks like a mine? Thanks
Read Answer Asked by george on August 20, 2014
Q: Hi Peter,

What is your opinion on COM DEV (CDV-TSE), especially after the canadian export ban to Russia ?

Thank you.
Read Answer Asked by L J on August 20, 2014
Q: Would appreciate any current thoughts on Andrew Peller (ADW.A). I'm thinking of adding to my position..... Many thanks for your great service.
Joanne
Read Answer Asked by Joanne on August 19, 2014
Q: Hi 5I Team

I'm fairly certain you'll need a microscope to find this one, but I thought I'd try anyway. TVI Pacific (TVI) This has been sitting in my portfolio for "at least" 15 years and has done exactly nothing. I'm still surprised that it even trades. Would appreciate your comments as to whether it's even worth the paper it's printed on. Thanks so much!
Read Answer Asked by Sylvia on August 19, 2014
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