Investment Q&A

Q: Hi 5i:
I've been struggling with what to do about some questionable decisions I've made over the last year or so and would greatly appreciate your advice.
Since we began handling our family RSPs 2 years ago the overall value has increased 58% (not including contributions) which we're pleased with. But that gain could be much better if not severely weighed down by Corus (4.5 % of portfolio & down 46%); Firan (2.7% of portfolio & down 43%); Freshii (2.3% of portfolio & down 51%); Extendicare (2.4% of portfolio & down 27%) and, more recently Transcontinental (6% of portfolio and down 18%).
I look at these and don't know what to do - hold or sell - and that indecision is creeping into the rest of my decision making to the extent that I'm pretty much doing nothing but letting the whole shebang sit where it is, which I don't think is a good investment strategy.
We have 6 years until conversion to RRIFs.
Could you tell me what you think would be my best next step for each of those listed above. If sensible to sell any or all and put the proceeds somewhere more useful I will, but before I take that step (and that loss) I could sure use objective advice as to whether that's the right thing to do on a case by case basis.
Thanks - your thoughts will be much appreciated. And if your answer requires more than 1 credit that's completely understood.
Peter

Q: This has been a major disaster in my portfolio. Is there any hope of recovery or should I just simply recognize that it is a dud and sell it?

Q: What is your outlook for CJR given the recent announcement that Shaw is planning to sell it's stake?

Q: Would like your thoughts on whether I should sell or hold with the upcoming quarterly report. I am down 35% on an 8% holding. I like the dividend but am quite sure of a cut coming very soon. What would you expect as a % cut and would that propel the stock price up or down?

Thanks Gary

Q: I have this stock as a dividen payer in my portfolio and am down 42% so should I hold or let it go it's 5% of my portfolio

Q: Corus earnings were almost double estimates. Do you see more improvement in the future or was this the result of one-offs?

Q: I understand that there are concerns about the Corus business model, going forward. However, its current price (around $5.80) seems extremely low considering its P/E and its dividend, even assuming a reduction in the dividend. Is it currently undervalued and worth a shot now or would it be wiser to wait until after the quarterly on April 5 to see if it's really in the tank? Essentially, do you think it truly is only a six dollar company or maybe not even that?
Thanks!

Q: Why wouldn't BCE buy CJR.b and incorporate it into Bell Media?
The 5% BCE dividend versus the CJR.b 12% dividend would pay for the purchase in dividend savings.

Q: Hello Peter and Staff:
I am a retired investor with a 4 % position in Corus common shares.
With today's 2018 1st Quarter results and negative market reaction, I would like your comments and advice as to what to do with this stock.
The dividend has been maintained for the next 3 months and I like the income but am concerned about preserving my capital.
Thank you,
M.I.Curtis

Q: Corus is tanking today on their usual missed earnings. However the Div is up to 12% and has been confirmed for the next quarter. The current price is below 9.50 and falling. Does it become interesting at any point?

Q: Can you explain why there is some expectation of a dividend cut at Corus? Is it possible that the company is very undervalued? They seem to have plenty of cash flow and the dividend is well covered, according to figures on TD's site, and your answer in Oct/17:

"Looking at nine month numbers (most recent financials), operating cash flow was $311M, and $78.6M in dividends were paid, for a ratio of 25.3%. If one includes working capital changes in the cash flow figure (we would generally exclude this due to the short term and timing nature of working capital items), the ratio changes to 37%."

Q: Happy New Yea 5i, I am looking for income, please rank/rate the above, considering future interest increase influence, perhaps suggesting a better choice. Many thaks,J.A.P., Burlington

Q: Hello,

If Corus were to cut their dividend, do you have an opinion as to whether the effect on the stock price would be positive, negative, or neutral?

Regards,

Robert

Q: Would you give me the reasons why Corus has dropped after earnings and do you believe it is a buy sell or hold. I like the income and am content with low growth if you believe it has growth potential still.
Thx gary

Q: Would you please provide an overview of Corus's results, dividend sustainability and their ability to meet their strategic growth plans going forward. Thanks

Q: I keep finding conflicting numbers concerning the payout ratio for cjr.b! Do you have a correct one? Thanks.

Q: Both companies are in my cash account for income and some growth. both had more than usual volume today and would you see this as a buying opportunity and is there news I've missed on them.
Thanks Gary

Q: Peter, Corus seems to have stabilized recently. Actually, it looks to be up almost 30% since its lows of last fall, and I'm very tempted by the dividend at over 8%. Do you think Corus is a decent choice for a long-term income investor, with maybe some growth included? Thank you!

Q: I currently hold BCE and am looking at Corus as well for the dividend more than growth. Any ideas on this?

Q: Hi Peter, This company pays a high dividend, but looking at the balance sheet 83% of its assets are goodwill and intangibles. What are the long term prospects of this company and is the dividend safe?