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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: Hi, I understand, Boyd units will be converted to a corp, as at Jan 2, 2020. Capital gains will need to be reported(Tax Tear 2020) for a Non Regd account, based on the closing price of Dec/31/2019 ( I think). Most of our BYD.un (6% of portfolio) is held in Non Regd account and it will generate a huge Capital Gain. Two questions:
1. Based on the RRSP/TFSA contribution room available, will it make sense to move some shares to registered accounts for future growth.
2. The only tax loss shares we have are, BAD, AW.un and Rogers. Which ones should be used to offset gains ?

Thank You
Read Answer Asked by rajeev on December 17, 2019
Q: I have 13 positions "growth" stocks portfolioat different weighting performing prity well accept for SQ & NFLX both 15% down.
Weighting:
CSU- 17.3%
LSPD- 10.8%
BYD.un- 3.7%
KL- 5.7%
KXS- 2.8%
AQN- 3.8%
ADBE- 8.6%
AMZN- 9.6%
SQ- 5.9%
NFLX- 5.6%
MA- 12.4%
MSFT- 7.8%
AYX- 6.6%
I have 40K kash to invest and Im thinking of buying new 5% possition of GSY and addinng 1.5% to BYD.UN or to KXS. What is your opinion and mayby different sugestion for new stock names and adding to different positions.
Thanks for excellent service.
Andrew
Read Answer Asked by Andrzej on December 11, 2019
Q: i see you use the phrase “need to own”, so in your opinion what are 5 need to own stocks.
does goeasy fit the bill, i am sure you will say csu.
i know you hate the oil space but there has to be one you like, maybe parex.
i never understood need to own, that phrase only works as long as nothing company specific changes.
dave
Read Answer Asked by david on December 10, 2019
Q: According to 5I or your data supplier NFI is classified as Consumer Cyclical, my sense is that it should be Industrial, not? If NFI is miss classified than I would just add it to my industrial weight.
Having said that, I need to reduce my cyclical exposure to meet our Portfolio Analysis. Of the 3 companies listed if you were to keep one for 3-5 years which would you keep?
What would be your top 2 recommendations for Consumer defensive stock for 3-5 years hold. I currently own ATD and PBH. I can add to them or add a new name regardless.
Deduct as many credits suitable.

Thank you for your clear explanations on all topics and your excellent service.
Read Answer Asked by Yves on December 09, 2019
Q: Hi,

I'm looking to start investing a lump sum over the next 12 months or so. What list of Canadian stocks would you recommend at current levels? Do you have 5-7 names that you find particularly attractive right now. Looking for a mix of growth and income with not too much risk.

Thanks,
Jason
Read Answer Asked by Jason on December 02, 2019
Q: Good morning 5i,
Once again thank you for the excellent service and advice that you give so generously. This morning there was a question about putting Boyd into a TFSA. I had been wondering the same thing. But, you mention that you dont really see it as a high growth stock. I imagine I would be better to put Google in, if I want growth. That means another capital gain, however. The beauty of Boyd is that you have to take the cap gain anyway. Getting to be a long story here. But, how would Parklawn compare with Boyd in putting in a TFSA?
thanks
Read Answer Asked by joseph on November 29, 2019
Q: Even though the business seemed a bit boring (auto glass and collision repair), I bought BOYD quite a while ago and it has done very well. I see some comparisons with GDI: expansion into USA and consolidation in a fragmented industry. I realize they are very different companies, but I'm wondering if you could say a few words about similarities and differences. And maybe comment on management and strategy in the two companies. I have read your report on GDI and find it an interesting analysis of a boring business. Specifically, I wondering whether you think GDI has the promise that BOYD did when you first wrote about it. Thanks for great service, as always.
Read Answer Asked by Gordon on November 25, 2019
Q: In my TFSA I have had a nice run with SQ and was thinking of selling it out and "starting over" with a couple or three of the above listed stocks that you have recently identified as having high potential ( with the same? amount of risk that came with buying SQ a couple of years back) What do you see as the pros and cons of such a move and if implemented which 2 or 3 would you chooses at this time?
Thanks,
Terry
Read Answer Asked by Terry on November 22, 2019
Q: Hello 5I
My holdings include, with total portfolio weights::
ATD.B (4.65%); BYD.UN (5.65%); CP (3.65); CSU (3.50%); GSY (4.6%); WSP (4.20%); ZEM (4.5%)

I have concern about a possible recession and economic slow down, and I would like to structure the equities in my portfolio with a bit more of a conservative and defensive tilt.

I otherwise would want to keep these positions but do you see any of these 7 being less conservative and defensive? With my objective in mind, should any be reduced or eliminated?

thanks for your excellent service.
Read Answer Asked by Leonard on November 19, 2019
Q: Once the vote on conversion occurs, would you be able to provide members with an update,and explanation around tax implications? It appears there is some confusion around if taxes have to be paid upon conversion or at a later date when shares are sold. Also, what will the dividend be as under the current structure we receive interest
Thanks for the great service,and recommendation on Boyd.
Phil
Read Answer Asked by Phil on November 18, 2019
Q: I have half positions in these stocks,purchased at lower prices, thanks to 5i.In what order would you add to increase my positions today?
Read Answer Asked by Allen on November 14, 2019
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