Investment Q&A

Q: How would you compare CIX and Pow ?

Q: I have all three in a taxable account, both FSZ and CIX down quite a bit while IGM which I held for a long time with considerable gain. None of them is considerable weighting in my portfolio and I am contemplating between selling all and buying either SLF or MFC or consolidating them to only one. Reading answers to questions it appears that your preference is FSZ. But you also like SLF. I am looking for growth more than dividends, Any suggestions? Thanks

Q: Do you see CI Financial as a sell?

Q: I hold a number of shares of C.I.Financial (CIX) purchased many years ago -what is your opinion of the company - is it an add, hold or sell ?
I am also still holding Cineplex (CGX) do you see any prospects for this company's shares increasing in the near future or should I sell?
Thanks for your reply
Hanna

Q: Hello,
Our financial weighting is still quite a bit higher than you suggest for a portfolio...so my plan is to sell our (underwater) CIX as well as one or two of our (positive) bank stocks. Appreciate your ranking and thoughts regarding our bank holdings noted above. Thank you.

Q: Hello,
Most of our Cdn equities are individual blue-chip dividend stocks and our US equities (25%) are mostly SPY. Those are doing ok I guess, though together only slightly better than our GIC's to be frank. Two of our holdings, which we've held for close to a decade, are still not good as noted below. When I asked about these before, I think you recommended continued patience as has our IA too. Your thoughts at this time please?
Holding Book Value Market Value DRIP
CIX $30k $16k Yes
MFR.UN $181k $154k ?

Q: pls comment on recent earnings

Q: Which of the above 2 companies would you prefer for a RRIF account and why? Which one has the lowest risk.

Wayne

Q: Seems like these active managers have been so out of favour that they now represent reasonable value. Some of the comments/questions recently have me thinking, I'm not so sure that the DIY investing model is for everyone. (No one could answer that better than 5i!) Since you have been on both sides of the investment industry do you believe that these firms will find their footing or do you think they are doomed?
Are these numbers correct?
AGF.B Yield 6.2% Payout Ratio 33% Debt 400M Market Cap 430M
CIX Yield 3.6% Payout Ratio 59% Debt 2.5B Market Cap 5B
GS Yield 9.14% Payout Ratio 81% Debt 50M Market Cap 350M

Would you please rate them based on total expected return(dividends and appreciation) over 3-5 years?

Thanks!

Q: What is your outlook/opinion on CIX with it's reduced dividend? Will it ever be a $30 stock again?
On an Oct. 23 question, FSZ was mentioned as maybe a better option when looking for income in retirement, but FSZ has a large 6% yield currently. Would you also like MIC with a solid 4.5% yield and a recent 9% dividend increase announcement. (we are looking to stay in the financial sector, but not the big banks or insurco's - already have those covered. Thx. (multiple credits here..).

Q: Have owned CIX for some time and its way below the purchase price. Thinking of switching to FSZ. Is this a move you would recommend or is there still potential for growth in CIX. Which stock would be the safest in a downturn market.
Wayne

Q: Hey guys,
I am a big believer in a healthy corporate culture being one of the keys to running a successful business long term. Having strong leadership, as well as a desire by employees to come to work and be proud of being part of the company, and a management team that is focused on the long term and not quarterly results or analyst expectations.
Do you know any canadian companies that meet or exceed this criteria?
Thank you

Q: Our worst performing investment is CIX, which we've held for several years, that's currently 40% below book (inc. of dividends). It represents 1% of our investments, 3% of our equities. The charts seem to indicate it's falling even faster in recent times. Your advice please.

Q: I am sitting with a large percentage loss on this equity. Would you recommend selling or holding. Please elaborate on your rationale of selling or holding.

Q: I've bought some shares on the day they reduce the dividend. Needless to say, the price come down a bit. Just want your thoughts on their move of dividend reduction and their forecast over the next 12-18 months. Thank you

Q: What is your outlook on CIX?

I'm baffled why the stock price is down when they're ahead of the revenue estimate and they're putting in place a $1B stock repurchase plan.

Would you buy this stock today or there are another stock in this space that your would prefer?

Q: I own both of these in my portfolio and would appreciatse your comments on both and if you feel there are better options for a retired person looking mainly for income with some growth.

Wayne

Q: Can you provide a list of companies that are significantly beaten down, oversold, ugly? I'm looking for ones with balance sheet assets, but it doesn't have to be perfect.

Q: I am fairly new at this and of the companies mentioned above I want to set up a Dividend portfolio using 3 to 4 of them. Suggestions would be very much appreciated as I am not well schooled in this area.
Thank you

Q: Could you comment on CIX'S acquisition of Sentry investments ?