Investment Q&A

Q: Happy Friday,

With the current dip and a further downside expected are there any income equities that you would classify as very attractive.

Looking for some new ideas. I have lots of banks, pipes, telcos, utilities, insurance cos, etc. but am not immune to buying more.

Anything in the US really strike you fancy?

Thanks very much and have a great weekend.

Q: Hello 5i

You are often asked if you could provide 2-3 "bargains" from the various portfolios - could you, given the current environment, provide
- 2-3 from the balanced / Income portfolios
- 2-3 outside of the portfolios (either Canadian or US please)
That you would consider a good opportunity to pick up at this time.

Thanks

Q: In an answer earlier this year, you mentioned IGM as having "turned itself around"; did you mean (for example) changes in its business practices, or its break-out from its pre-pandemic trading range? In another answer, you spoke of CIX's "high leverage to capital markets"; how do CIX, FSZ, and IGM compare in this respect? You've characterized the sector as "fairly cheap, with not a whole lot of organic growth and lots of pressure on margins"; given this backdrop (and assuming the sector is even investable), is IGM's relative market cap (3X CIX, 10X FSZ) a material reason to prefer it over the other two? Or is CIX's depressed share price (and implied growth-potential) more decisive?

Q: Could I have your opinion on C I Financial , CIX

Q: Hi!

In The Globe recently:
"On March 4, chair of the board of directors Bill Holland bought 50,000 shares at a price per share of $20.20 for an account in which he has indirect ownership (WH Corp.), increasing this particular account’s position to 1,325,000 shares. The cost of this purchase exceeded $1-million.

Last month, we reported that Mr. Holland invested over $4.4-million in shares of CI with the purchase of 200,000 shares between Feb. 3 and Feb. 23.

Mr. Holland is CI’s former chief executive officer.

The company pays its shareholders a quarterly dividend of 18 cents per share or 72 cents per share yearly, equating to a current annualized yield of approximately 3.7 per cent."


What would you value CI right now on a per share basis?
Given the present investing environment would full position be a good idea?
Is management trustworthy and effective?
Is the insider buying significant enough to copycat?

Thank you as always!

Q: What is your opinion of the value of asset managers as an investment in the current market? Which asset managers are the best priced with the most lucrative/sustainable dividend? Thanks!

Q: Hi Peter

What is your opinion on the following stocks as part of my income portfolio HHL,MKP ,PRV,CIX, WCP and GSY .
do you have any additional suggestions for high tech for an income portfolio


Thank you
Howard

Q: I have losses in ANRG, AT, CIX, DOO, DSG, NVEI, PIF, SPB, STC, TIXT. Would you add to any of holdings or sell?
In what order would you sell?

Q: Cix has had a significant drop since November and they keep doing acquisitions, could comment as they seem to be low price for purchase-growth ?

Q: Looking for a few ideas of beaten up 3% or more dividend payers? I already own SLF, WCP, and ZEB. Current portfolio holdings are made up 19% energy, 35% tech, 15% financial services, 20% consumer cyclicals, less than 5% in the rest. Not too worried about divirsification, I sleep well even when blood is running in the streets.

Q: CI Financial is down almost 14% in the last month. Recent numbers appear good. Has CI just got caught up in the recent market downturn and do you feel now is a potential buying opportunity to acquire more shares? Also, as they continue to acquire Investment Advisors, mostly in the US, and their AUM increases, do they become a desirable takeover candidate? Do you see a Canadian bank or other financial company like Power Corp making an offer at some point in the future? What is the likelihood of a takeover in your opinion on a 1-10 basis whereby 10 is most likely. Many thanks in advance for your answer.

Q: If you owned CIX, would you sell and buy which of CPX and H. Please provide rationale behind your recommended approach.

Q: With the recent buying spree of CIX should we expect a stock issue ?

Q: I like the recent q report. The stock still seems underpriced compared to similar US companies which may be a good comparable as almost all of its growth is coming from the US business. It looks like the street is taking more interest. Your thoughts please.

Q: What 5 stocks (Can and US) now in the bargain bin seem most likely to turn out to be gems in 2 or 3 years time? Much of the market seems very expensive at an uncertain time.

Q: your comments on the results would be appreciated. They seem t be executing well.

Q: The company has made a series of US acquisitions in the past 2 years which have attracted the attention of US investment community and it now lists on the NYSE. Comparable companies in the US trade at p/es of 20 while CI trades at under 7. I realize that p/e is only one measure of value but I would think that if the acquisitions prove successful then the company's shares may be re-rated to a higher multiple. In the meantime it pays a dividend of just under 4%.

Q: CIX seems to be making it's number of acquisitions but it's share price don't seem to move much.Could you comment ?

Q: What is your view on CIX going forward? Buy, Hold or SELL?

Q: How would you compare CIX and Pow ?