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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: Hello Peter,
What are your thoughts on GMP Capital? I have lost more than 50% on the stock since I bought it. The company does seem to be doing fine as it gives out special dividends and with recent takeovers of other related companies, I thought GMP would gain traction but it has not moved up much. Yangarra resources has lost lots of its value but mostly due to the sector issues. A few questions please:
i. Understanding that both companies are in different sectors, do you think Yangarra has higher chance of increasing in stock price then GMP
ii. Given our current policies on energy and pipelines, do you see the oil sector recovering anytime soon as i was thinking of putting monies in other companies like Tourmanline etc
thanks very much
Read Answer Asked by umedali on November 27, 2018
Q: I am retired and own GMP Capital preferred series B in a non-registered account for income. How safe do you think the dividend is? I was encouraged when they recently re-instated the dividend on the common shares, suggesting management confidence in ongoing profitability, yet the pref B price continues to trend lower. Why?
Read Answer Asked by David on November 23, 2018
Q: Are there any issues with purchasing a company just to capture the special dividend then selling it afterwards. GMP released good results and I would expect that holding it for just a short time is a low risk to my capital. I prefer to be in much larger dividend payers however the special dividend is compelling.
Read Answer Asked by Bradley on November 09, 2018
Q: Recently Benj Gallagher was on Mike Campbell’s Money Talks. I don’t subscribe to the idea of being a contrarian just for the sake of being different, but I do believe there can be great buying opportunities for pretty much anything when it becomes oversold or out of favour. Benj mentioned that Quarterhill and GMP were two of his favorites looking forward. This was based on suffering substantial drops recently, having little to no debt, good cash flow and reserves and good management. Do you agree that these two meet those criteria? what do you think about them looking forward? Even if they rebounded close to their 52 week highs it would mean substantial gains.
Thanks
Read Answer Asked by david on August 22, 2018
Q: Please your opinion on Q results announced on Mar 2 & going forward.It is involved in the capital market especially in cybercurrency & cannabis lately.,plus wealth management.What do you think of rumour that its wealth man. business maybe taken over as BNS recently did one.Is it buyable here? Txs for u normal great services & views.
Read Answer Asked by Peter on March 06, 2018
Q: This stock was talked about by an technical analyst at BNN recently. The chart was trending down for a long time and recently started to break out to the upside and he thought it would be a good time to enter this stock. Also, on BNN ET was a favourite. Could you give me your opinion on these two questions? Thank you very much. Long time member Dennis
Read Answer Asked by Dennis on January 09, 2018
Q: Hello Peter and Ryan,
I was thinking of putting money in CME, SQ, GS, GMP (toronto), XAU(toronto), and MOGO(toronto) as a means of getting myself started on investing in bitcoin. Any comments? Lastly, when a company like CMED is reluctant for a takeover, does this normally imply the company is looking for more money on the table or feels it can do it on its own? I know that is a speculative question but in general as it seems CMED is not backing down. Thanks very much.
Read Answer Asked by umedali on December 11, 2017
Q: GMP, which has been drifting lower on generally weak news and earnings has, for the past two days, been up significantly. I can't find any news either on their website or from the internet generally. Would appreciate any info you might have in this regard, as well as your current opinion and outlook for this company. Thanks.
Read Answer Asked by Donald on November 30, 2017
Q: Hello Peter and Ryan,
What do you think of Cannibix as a speculative play? Also, are you aware of companies that do breathalyzers for alcohol so that i can get an idea if the concept will take off from a market potential? Any idea why Aurora keeps going up while Cannimed is stagnant at 19-20 range when the offer is at 24? The results for Couche Tard were good. I would have expected a surge in the stock but it closed only a percentage higher. Was there anything in the news that may have tempered the stock price? Thanks very much.
Read Answer Asked by umedali on November 30, 2017
Q: What is your take on the safety of the dividend with GMP.PR.B? Why is it poorly rated by the agencies? GMP Capital doesn't seem to have much debt. The dividend yield and chance of a higher reset in a rising interest rate environment seems attractive.

If you don't like it, what rate reset preferred would offer a better combination of risk/return?
Read Answer Asked by David on September 11, 2017