Investment Q&A

Q: Hi 5i, Is Tricon Capital a good long term investment ?
I like to hold it in my TFSA. Thank you for your advice. Motoi

Q: I owned TCN for just three weeks and I'm down about 10% already. That's a very big and fast drop for such a short stretch for this type of relatively stable companies.

What do you think happened? Thanks.

Q: Please list these three stocks in order of preference for a conservative income account. Thank you.

Q: Pure Multi Family REIT declared Q2 results which looked pretty good. Also disposed off a property and bought an AA property (as per announcement yesterday). They are doing all the right things. They have lagged Milestone Apartments REIT which has taken off in the last month or two.

What is your opinion on Pure Family REIT ? You had mentioned it was expensive some time back compared to MST.UN. Does this opinion still stand ?

and out of the three companies which would you prefer for income and some growth. Thank You.

Q: Your thoughts on this company. I have held it for a long time an it has not done much.

Q: Gentlemen

I am looking for a company to fill out my Real Estate space in my portfolio. Which of the above do you favour?

I am a conservative investor and with a good quality company be willing to hold for the long term.

Thanks

Q: Your thoughts on Mondays news. Will this help the stock.

Q: What is your view of TCN? It's results haven't looked good recently and you haven't updated it...Thanks.

Q: is there so much fall out for tcn with the brexit?
I think tcn would not be affected at all,or you see it different?
Is it a good buy?

Q: For a conservative income account, which of these two equities do you favor? Is there an alternative in the residential category you would prefer? Thank you, Barrie

Q: Your thoughts on Tricon's latest earnings.
Thanks Dave

Q: Thinking of buying TCN,but there are a number of negative factors,which hope You can explain.Majority of fund managers on BNN fancy it.Note your comment on BNN on May6 & your report in Mar/15.1)Is there further share dilution since 2014?2)Majority of assets in USA,so this Qtr 1 can be negatively affected as Can$ was strong.3)Is thepresident Gary son of the Chairman?got the job because of nepotism or deserving?Was he the young guy(late thirties) who appeared on BNN some 18mos ago promoting TCN.4)It beat estimates every Q since Q3,2014,but chart is negative($7.40in Oct/14,reached a $12 high in 7/15 & then tumbled till Feb 9/16 to $7.93.5) why price dropped?Please advise if I can buy it now.Always appreciate your great services & voews

Q: Hello 5i
Would you please comment on what is going on with TCN these days. Seems to be weak and not participating with market up swings. It has been in a downtrend since Aug2015 a recent purchase has me underwater and the stock price appears to be heading back to the 2016 lows.
Has something happened to this stock from the viewpoint of major investors - making it a sell?
Thanks
Dave

Q: Hello Peter and 5i team!

I am in the process of having my portfolio mirror the 5i Model Portfolio. I currently own Tricon Capital, would it be considered a good substitute for Home Capital Group or would you recommend making the switch? Which one currently has the higher upside potential? The portfolio is held in RRSP/TSFA accounts.

Thanks for the great service!
Angelo

Q: Pls advise me as to sell or keep for future growth. The stock is languishing and I have a decent profit. Thank you Phyl

Q: Could you comment on tricon's latest quarter. I have a half position (down 20%).Good time to add to get full position?

Q: Hi Folks
I have owned TCN for some time and the share price is still above my purchase price but the value keeps steadily eroding. RBC reports on it regularly including the Case-Schiller price index in each of the areas where it holds rental homes. These show appreciation of 13.4%, 4.3% and 5.7% in 2013, 2014 and 2015. Most recent results show a small decrease of -0.1%, month-over-month. They also hold homes in areas that are not covered by Case-Schiller including Houston which is affected by the decline in oil prices. About 12% of the rental homes are in Houston according to RBC I remember some reference to this on BNN but I haven't been able to find it. Do you think this may be behind the decline in the stock price and do you have any thoughts on the significance of this factor? Thanks.

Ross

Q: Both Tricon and Element Financial (EFN) are rated highly and the US 4TH quarter GDP was revised upward today but both stocks are hovering close to their 52 week lows. First, is a rising Canadian dollar a major headwind for these companies and second, are they over-rated by the seemingly glowing reviews they are assessed by the pros?
Which one would you prefer over a five year period?
Thank you.

Q: My question is about valuation. The stock is down about 40% from its highs adjusted for exchange which seems mostly due to poor results in the last quarter. The company is in multiple real estate type businesses, there's a lot of moving parts and non-producing development properties and, while the story seems attractive, I wonder how, with all the stuff going on with this company, you go about estimating future performance well enough to get to a valuation and rating.

Q: The macro seems to be very good for TCN in the US, and yet the shares continue to drift lower, roughly 30% off from 52 week high. Am I missing something or does TCN look very attractive at this price?

Thanks

Robert