Investment Q&A

Q: May I get your updated view on this company? Is there any added clarity over the last ~5 months since you last gave your thoughts? Thanks.

Q: Can I please get you view on Icahn Enterprises? Buy or Pass.

Q: Recently ran into some $. Much to my surprise. Was thinking about putting it into IEP. Leaving it and not looking at it for 10 years. Is this a binary bet on high risk/high reward opportunity. How would the dividend be taxed in a non registered account? Over time I may look to move it to TFSA if it bolds well. Thoughts?

Q: Hi Team,

What are your current thought on this after the short report? Good opportunity to buy for a nice dividend?

Q: I am doing some investing planning.
Objectives are to reduce risks and to capture more dividend income.

Part of this process entails looking for companies that are ( almost) too big to fail - recognizing that nothing is totally safe. bam.a, bro.b, bx

As a category or label would you:
1. Agree that the companies above are “ conglomerates “? ( or something else?)
2. Are they “ almost “ too big to fail?
3. Are there others I missed? .. especially something you like better?

Thanks as a for your helpfulness.

Q: Hello Peter and team,
What do you think of Cohen and Steers and Icahn Enterprises. i am just concerned of the high yield . Is this sustainable? I am looking at these for my RRSP where the dividends don't have tax implications until i withdraw funds.

Q: Hello 5i,
I am looking for income and found these two. I am up with BAC and PRMW and would sell these and buy ICHR and IEP. I know there is no comparison but would be fine with the change for income. I am 76 with a good pension and a balanced portfolio value investor in all sectors. I also have covered call ETF's ZWC, ZWE, ZWH, ZWT, HDIV AND HYLD. The other forty-two stocks are blue chip equities in all 11 sectors with ten ETF's doing well with ZAG to balance it all. I am not using the principal and reinvesting excess dividends and using some for travel. Is there a downside to selling BAC and PRMW and buying ICHR and IEP or is that too excessive with the covered call ETF's now in play? Please take as many credits as needed.
Stanley

Q: Hello Peter,
IEP looks like a holding company operating various businesses. It has a peak of over $100 in 2004 and 2014, and now it is half of that value. The dividend is high at 16 percent. Is that something to worry about? Also, if i am to invest in this stock, is it better in an RRSP as outside RRSP or TFSA I may have to deal with tax forms as it is an LP in the US? Thanks very much.

Q: Hello Team: Could you compare this company to BAM.B, which would you prefer and why?
Thank You,
Barry

Q: Hi Team,

Could you provide a few U.S stock ideas with the best growth potential in the alternative asset management space or in the REIT space for new RRSP funds?

Thank you

Q: Which companies are competitors of OTEX ?

Q: Private Equity is an area of investment that has been getting a lot more attention recently. Which listed asset managers specializing in Private Equity are worth looking at? Would the multiple-recent-name-change firm SuRo Cap Corp. be worth inclusion in this group?

Q: IEP: I noted a yield of 11% on this security. Is it correct ? Is it sustainable ? Can you please comment on the payout ratio.

Would you have recommendations for similar funds but based in Canada. I am familiar with Onex and Fairfax. Thank you

Q: Hello 5i I was hoping you could help me evaluate iep. It seems to have a low p/e of around 5x, but the growth prospects over the next 1-2 yrs dont look positive. Has a big dividend with a yield of around 10%. This company seems to have done well for its shareholders over the years. Wondering what you think. Thanks

Q: Hi 5i,
I understand that many high net worth and institutions have alternative assets in their portfolios. Can you please help suggest some stocks which may be available for purchase on a Canadian stock exchange for an individual investor representative of the asset class.
1. Private Equity: BBU.UN, ONEX?, stock?, ETF?
2. Hedge Funds: stock?, ETF?

Q: There have been concerns lately over private equity valuations and ONEX's premium to NAV has shrunk. Is it late in the cycle for this co/group and what are some US comparables? Thank You.

Q: What is the payout ratio for this company? Sustainable? Thanks.

Q: In its most recent SEC filing, billionaire Carl Icahn’s Icahn Enterprises LP (NASDAQ: IEP) disclosed a 149 percent net short position in U.S. stocks. IEP has been declining since this position was taken yet in the last few days the market and the circumstances surrounding the market have been negative. I would anticipate that IEP should rise against this situation based on its rather substantial net short position but this doesn't seem to be the case. Do you see any reason why the shares of IEP are reacting in this manner?

Q: I have read a number of analyst reports on IEP-Q that indicate that they have established a large short position in a selection of US equities. Do you know what percentage of IEP is represented by that short position?