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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: I am looking to potentially harvest some tax loss for future use and have the following questions:
BTE - if I sold BTE, what is a good proxy to park the money in with similar torque to improving sector fundamentals?
PTE - is there any hope for this or is it finally time for me to accept that it was a bad investment
Nobilis - I noticed it reappeared on the OTC as NRTSF but looks like the price and volumes are close to zero (or am I missing something?)....time to donate to my broker in exchange for a capital loss?

Thanks as always!!!

Scott
Read Answer Asked by Scott on September 02, 2020
Q: Thank you for your previous response to my question regarding these 2 stocks. I just want to make sure I completely understand your advice: 1) HLTH - My understanding is that my only hope to extracting any value out of this is to wait and see if the stock reappears on the OTC. How long would you suggest is a reasonable amount of time to wait to see if this is going to happen before giving up on the stock having any tradeable value (in my mind $.10 on the $1 is better than nothing)? If it goes OTC will it reappear on my Waterhouse account notifying me of the relisting or is there a place I can periodically search to see if it reappears on the OTC? In the event that I wait a "reasonable" amount of time and it is still not trading on the OTC I can see the merit of gifting the shares to Waterhouse to get the tax write off in the cash account ...... however it seems I would be best to just leave it in the registered accounts as there is no value in gifting them. correct? 2) AGN - you suggested that I tender the AGN shares for ABBV shares and cash........ I assume you meant don't sell the AGN shares on the open market (because of the current discount) and wait until the deal is done and this tendering of shares to the offer will happen automatically....... or do I need to provide instructions to the broker?

Thank you

Scott
Read Answer Asked by Scott on October 03, 2019
Q: I have shares of HLTH in a cash as well as a registered account with TD Waterhouse and noticed that they are now showing as zero value in the accounts. I assume this has to do with them being recently delisted? This is new to me. Do the shares have value? Can I trade my shares now or in the future and how do I do that if they are delisted? If the shares are worthless, how do I go about claiming the tax loss in the cash account? I am really just looking for your guidance as to what you would do in this case. Help!

I also own AGN stock which has been a terrible performer for me. It perked up when ABBV made to offer to take it over. I believe the offer was for $188.24 in ABBV stock and cash but am not sure how that works,...in calculating how much ABBV stock you get, do they use the value of the ABBV stock on the day of the offer (June 25th) or the day of the closing (likely sometime 1st Q 2020)? Do we know what % of the $188.24 will be given in stock and what will be given in cash? Initially the discussion of the purchase was neutral to negative, but I noticed that ABBV has been getting upgrades recently and the narrative may be changing. If you owned AGN stock, what would you advice be?

Thanks You

Scott
Read Answer Asked by Scott on October 01, 2019
Q: I see in past Q&A's you are not fond of Nobilis.
I was wondering if you could provide insight as to why?

Last years short report was disproven. Their delay in earnings was well explained.
I agree the move off the TSX was perplexing but they seem to be executing their business well. Assuming they meet guidance for Q4 I don't see what's not to like.
I have a small position and considering its current valuation I am thinking of adding.

Your expert option would be much appreciated.

E.
Read Answer Asked by EVAN on January 30, 2017
Q: nhc. is this an ok entry point? is management just ok or very poor. Would the new board members be better than the old ones? the lumpy earnings are not convenient to investors ,with nhc making acquisitions and having their best quarters at certain times of the year. in your opinion do the shorts and or Craig Hellum ($2 target) correct in their (dislike) of the company .thank you!2
Read Answer Asked by cliff on January 03, 2017
Q: I am wondering if 5i is considering an update of your past report on companies that could be poised for a strong bounce after tax loss selling? Members would likely be very appreciative of a re-ranking of tax loss bounce candidates or new companies that have fallen more recently and could be ready to recover somewhat. A special report on the 10 best candidates for a January bounce or something like that. Might that be possible?
Read Answer Asked by Tim on December 22, 2016
Q: I know you are not fans of NHC, and either am I now ;) But it looked like they were starting to make some better decisions and I could possibly get out of this stock with a smaller loss. However they release their financials and the stock tanks again. Do you think this drop is over exaggerated or justified? Should I cut my losses and run!
Read Answer Asked by Adam on November 08, 2016