Investment Q&A

Q: Hi guys as you know I have been a fan of pbh for years there acquisitions have always been extremely strategic
I am disappointed in this current acquisition into the seafood space which is been facing declining fish stock and First Nations conflicts on both coasts
Premium brands has made me a lot of money over the years
I will not exit my position but I don’t have to like it
Regards
Stan

Q: Thoughts on the Clearwater Seafoods acquisition? How accretive will it be?

Q: Please comment on earnings. Thank you.

Q: Thank you for your great advise. I currently have a good positive portfolio thanks in large part to your suggestions. I need to increase my consumer defensive by about 1.5%. I currently own the above companies at different weights. ATD 3.5% PBH and L at 2% and DOL at 1%. Where would you add or would you suggest another company. Please rank in terms of preference.

Thanks, Yves

Q: I do not own these 8 companies from the balanced portfolio and I do have some money to invest. I already have a reasonably well balanced portfolio (except overweight in tech). Dividends are nice but not that important. Is there one you would consider a particularly interesting buy with a timeline of 5 years? Could you rank the top3?

Q: Clearwater Seafoods recently issued a press release indicating that they were evaluating strategic alternatives, among which I believe could be the sale and privatization of the company. In the event that CLR is sold and goes private, what suggestions would you have in the consumer staples sector to replace this investment?

Q: Hi there 5I. I am looking at adding Cons cyclical/discretionary to my taxable portfolio and currently hold PLC(1.2%); WMT(3.1%) and PBH(2.1%). I am weighing the option of doubling down on WMT, or add CVS and/or BIG. Is there a preference in your professional opinion and/or are there considerations that I should consider for the upcoming holiday(thanksgiving, amazon prime days, xmas) seasons to the new year

Thank you

Q: Hello 5i team,
Following PBH recent buy of ALLSEAS FISHERIES, do you think it increases or decreases the probability of PBH buying CLR? CLR could now be a good fit to increase vertical integration of their increasing seafood business. CLR maximisation of shareholder’s value process seems to be stretching over a long period. Do you see it as a bad sign, or simply a sign of a complicated process due to rules on Canadian ownership of quotas? What is your guess probability that CLR is ending up being bought? Is a combination with High Liner a good/natural fit? Which Canadian companies do you perceive as potential buyers?
Thank you for your collaboration, Eric

Q: Retired dividend-income investor. Looking to add to my Consumer sector. I already own PBH, NWC, PLC. I am looking to add one more name, preferably with a dividend > 3%, although dividend security and dividend growth are more important than todays yield.

I have looked at CTC.A, LNF, MG, PRMW and QSR. I have researched each using both fundamentals (beta, P/E, P/BV, P/CF, P/S, ROE) and technicals (higher highs and higher lows, above 200mda), as well as current analyst estimates.

CTC.A comes across as just "ok". LNF has already had an incredible jump recently, so I am hesitant to buy at current prices. MG is not bad, but shows a ROE = -1%. PRMW looks good except for the ROE = -9%. QSR also looks good, showing a ROE = +29% (I can't find P/BV and P/CF anywhere). The bottom line is there doesn't appear to be a stand out obvious buy. I am leaning toward one of MG, PRMW or QSR.

Would you please rank all 5 companies from best to worst for the following (assuming a 3-5 year hold):
a) Dividend security
b) Capital gain potential
c) Total return potential

Thanks for your help. Much appreciated....Steve

Q: What are your current thoughts on PBH? I'm looking at my holdings to evaluate what should potentially be cut for a better performing company. I've only got a couple laggards and PBH is one of them, after basically breaking even in the last year. I do feel its undervalued and could do better if some of their problems of the last few years go away and I think mgmt is pretty believable and optimistic. Not to mention the Canada Pension plan investment. Question is should I continue to hold for better days or maybe bail on this one and top up LightSpeed. I'm up overall so no tax loss consideration here. Thx

Q: Can you please comment on their acquisition today? Thanks

Q: Please comment on their earnings from last week and your outlook going forwards. Thanks

Q: Which do you prefer?

Q: Hi, Could you please post earning estimates for these companies for the quarter. Thanks

Q: What are the prospects for badger daylighting in the next year? What companies in your balanced equity portfolio do you predict will have solid growth over the next Couple years?
Also your outlook for pho over the next year?

Q: Hi 5i
I know you like these three companies. Given the present environment how would you rank them for value and for growth over the next two years?
Thanks for all you do

Q: Regarding the recent issue of shares and debentures, which closed July 16 - what does this do for the balance sheet… or for any other aspects of PBH you feel is relevant?

Thanks!

From the press release:
The Company intends to use the net proceeds of the Offering and the Concurrent Private Placement to reduce existing indebtedness under one of its revolving credit facilities (the "Credit Facility"), thereby increasing the amount available to be drawn under such Credit Facility, as required, to fund future potential strategic acquisitions and capital projects that may arise.

Q: Retired, dividend-income investor. Looking to top up my Consumer sector holdings. Currently have PBH, NWC and PLC, which are more on the Staples side of things. I have a "full" weighting on each, relative to my assessment of their risk. Considering getting back into the Discretionary side...maybe rebuy LNF or MG. Could you run a screen of Canadian Discretionary stocks that pay > 3% dividend and overlay that with your ranking from best to worst...maybe the top 5 for me to consider.

Thanks for your help...Steve

Q: SIS, PHB, PHO have all been pushed below the 1% weighting mark in my portfolio. This is due partly to starting the positions back when when my portfolio was smaller, the stocks not performing great and because other holdings (KXS!!!) have done extremely well. What 2 positions would you sell here to add to the remaining position? I'm leaning towards keeping PHO because of the balance sheet but wanted your thoughts.

Thanks

Q: Hi Peter and team,

Looking for some recommendations. $30,000 to invest in a TFSA. Low-risk. 3-5 companies with dividends. The timeframe is three years. What would you recommend? Would you be okay with CSU, NPI, and PBH?

Thank you very much,