Investment Q&A

Q: Professionals have preferred means to determine value and whether or not they actually invest in a company. Free Cash Flow appears to often come up these days as a key consideration in interviews and their recommendations. Not all research sites provide it consistently across all sectors. I decided to refresh my memory but my research suggests there are variations? A recent guest on BNN provided a basic quick version. Corporate financials are not all reported the same way so that creates its own challenges.

In the case of the discount broker I deal with, their research reports provide FCF for certain stocks/sectors but not all. When I tried to duplicate their numbers, I ended up with different results!

Would it be possible to explain how you go about determining FCF? I am basically looking for something I can rely on for consistency across all market sectors. Or is that where/why adjustments must be made?

Your insights would be gratefully appreciated

Thank you,
Mike

Q: May I have an update on HME ( Hemisphere Energy ) on growth and being able to survive. Tks

Q: Hi there,

I am considering Raging River for a position but hope for your comments on Parsley Energy as an alternative. I already own Spartan Energy. Eric Nuttall seems high on the US producers and has mentioned this as a favourite. Currency movement may add appeal on Parsley? Which would you suggest for a new position and why? Energy would remain a small part of my portfolio.

Q: thanks for putting covalon in the growth, i knew you would the way you answered previous questions on it.
it is a huge holding for me.
what is the rational for cutting pivot, echelon has it as a top pick for this quarter with a 6.00 target. will their earnings be poor, it seems like you know something , is the divvy safe. dave

Q: Is this a good entry point?

Q: Hi
ZCL is dropping like a stone now down around $11.00
Do you see this stock dropping further, or would this be a good time to take a position? How do you feel about the dividend?
GUY R

Q: Sharesight. This is exactly what you should implement into your services!!!!! It is such a perfect add on, that we will pay for, in my humble opinion. I am sure that the figures are not complete thru my discount broker or the port tracker that I use.
Anyhow, I would appreciate your opinion on it as I am contemplating it because accuracy is all we have to work from.
Also I am considering all ETF's thru Vanguard although I hold with I shares, Purpose and a couple of others. I appreciate your opinion .
IF 2 CREDITS fine.

Q: What are your thoughts on the of the dividends paid by GS and AD? Are the dividends sustainable?

Q: This one has taken a long time to develop--any new thoughts?

Q: Sorry, I forgot....it seems that somebody knows something (maybe TD knows?)...the stock is tanking!

Q: Good morning team, I know you like CCL/B, but would you pls. comment on TD's theory of removing their position from their model portfolio...

Materials
We are removing our position in CCL Industries Inc. (CCL.B-T, portfolio
weight 2.5%), given what we view to be a poor sector backdrop and a high quantitative risk outlook.
Given CCL's consumer product customer base, we view the removal of CCL as part of our strategic rotation to reduce exposure to consumer stocks. We view the weak pricing environment, as seen through the low consumer price indices and the very poor performance of the U.S. consumer staples sector,
as a potential negative trend for CCL. Our concern is that the weak pricing and potentially higher costs in consumer stocks could be passed down onto packaging and related companies. Margin pressures in consumer-products related sectors, such as auto and auto parts, is a common theme late in the cycle.
Quantitatively, we are seeing a modest deceleration in CCL's trailing and forward earnings momentum. Following its recent quarter, the 2017 consensus estimate was lowered slightly more than its 2018 consensus estimate. As a result, CCL has what we would consider to be high 2018 year-over-year earnings growth expectations of 15%. Combined with a high multiple of 21x 2018 consensus earnings, we believe that CCL is at risk if 2018 consensus earnings are lowered.
Following its recent price recovery and what could be technically viewed as a "double-top" formation, we are willing to take profits at this time.

And Thank You!! for the upgrade on your website.

Q: Would Sherritt be a possible miner of Nickel sulphate which may be in high demand for batteries. Do you have any other miners who currently produce nickel sulphate that you would recommend?

Q: What is the outlook for AGT after today's big drop in price?

Q: Good morning. My question is on CARA operations they just came out with there earnings. I own this stock with a flat return. Report seem positive do you see this stock worth holding.
Thanks

Q: Just wondering your thoughts on this stock. Since Hive is looking 'fishy' does LTV seem like a good play to you? Thank you

Q: I note your recent decision to reduce exposure to TOY in the BE portfolio. If I do likewise, where should I reallocate the capital, based on today's conditions? I have only half positions in CAE and BYD.UN, should I add to either of those, or something else? I am overweight BNS and T, please do not consider either of these in your answer. Thank you.

Q: CRH appears to be heading much lower, with earnings miss and tax loss selling. At what point do you think it may look interesting to pick up later in the year? Or perhaps best to leave it be?

Q: The 3rd q results look impressive. Please comment. The stock still seems quite cheap based on current earnings and outlook.

Q: Love the new website format and content. Please rank ccl,b and sj based on long term growth and current valuation. I only have room for one in my tfsa. Thanks

Q: What are your current thoughts on this small cap going forward. Buy?