Investment Q&A

Q: I've held IGM on DRIP for 25 years (in an RRSP). It comprises 15% of my total market value across all accounts. I also hold CIX and the two comprise 16.6% of my portfolio of 35 stocks. Since IGM's price has firmed up recently with upswing in the market, I'm wondering if now might be the time to trim my exposure a bit. I like the IGM dividend and don't know what I'd replace it with. Your thoughts would be appreciated.

Q: i own a half position in CIX (down 17%) and a full position in IGM (up 6%). Both pay a decent dividend. I am concerned with the long term viability of these two stocks. I like the income, but, income could be in question if mutual funds lose their luster. IGM and CIX have both recently risen in price. Would you, sell both, and move to a different financial/insurance type stock, sell CIX and move proceeds to IGM or vice versa?

Q: Recently, insider Bill Holland sold 500K shares. Is that a lot, and of any real concern? Is it a signal of more headwinds coming to their industry with the new CRM2 rules; or could it just be part of his own personal tax-loss selling at year-end? thanks for your opinion.

Q: Any thoughts on why CIX has risen so sharply in Nov?

Q: CIX was purchased at $32.61 in March 2015 - being involved in mostly mutual funds what is your opinion on this stock going forward - do I hold or sell even though it pays a good dividend
Thanks - Hanna

Q: CI Financial is approaching almost 6% dividend and I'm interested in the income. What do you think of the stock if held for income and any reason why I should I hold off buying today?

Q: Hi, I know that going forward, with the trend in ETF investing, mutual funds might not be a lucrative for fund compagnies like CIX and IGM, but as these compagnies are trending down in prices, at what point do you think they represent good value? I know a lot of people who are still invested in mutual funds and don't have any intention to change. Also, CIX, with the acquisition of First Asset, seem to be adjusting to this new trend. Which one would you recommend and at what entry point? Thanks.

Q: I have a small amount of CIX in an RSP account. I originally bought it a few years ago for the dividend, a bit of growth and the prospect of the company being purchased. I am not terribly unhappy with it as i've collected the nice dividend over the years and the current price is still over what i paid. But now with the industry moving away from high fee mutual funds it seems as CIX is dead money at best and the only attractive thing is it's dividend. I'd like to sell CIX and move it to another financial that has a bit more of a growth component to it. Would you consider a cdn bank as a good replacement? Or a US bank? An insurer? I'm not interested in DH corp, HCG, or EFN. Thanks for your advice

Q: DO YOU FEEL THAT THE DISCLOSURE RULES COMING HAVE ALREADY BEEN FACTORED INTO THEIR CURRENT PRICING AND IF NOT WOULD YOU BE COMFORTABLE HOLDING BOTH AT THEIR CURRENT PRICE

Q: I have held this for a few years, and bought at much higher prices. Do you know the reason for the steady decline and should i continue to hold?
Would you switch from this co to Fiera financial? thanks Clare

Q: Hello Peter, all of these CIX, POW and MFC have been on a down hill slid. My losses are 20% plus, should I keep holding them or should I take my losses and replace them. I like to have your advise, perhaps can recommend alternative replacements. Many thanks for your advise, regards, J.a.P. bURLINGTON

Q: Hello Peter, I have two losers, CIX and POW in my portfolio. Kept hopping for a recovery but getting tired of waiting. I would appreciate if you can help me to find replacement for them. Is there a chance for them to recover in the next 6-12 months?
Thank you, J.A.P. Burlington

Q: I was looking to add to my position in CI since I noticed that they raised the dividend as part of the earnings release - which on the face of it looks like good news. however, when reading through the results, specifically cash flow, i noticed that the dividends and share buybacks are more than the cash flow from operations and it looks (to me) that CI has used debt to fund the share repurchase and dividend. i know people think CI is a potential take over candidate but i'm not so sure. Who knows if that is ever going to happen. given the headwinds facing CI and the industry in general i'm hesitant to put additional funds into CI. Can I get your take on CI's cash flow? And would you prefer BNS, TD or MFC as an alternative to CIX?

Q: Besides DSG can you give us some other names that might have takeover potential? Thanx Robbie

Q: Hi 5i team! I noticed this morning that CI had been downgraded to a hold from a buy. Any comments? Do you think it is still worthwhile holding on to? I am already underwater with it. Cheers, Tamara

Q: Are we heading into a recession, what data do you look at to assess this. If yes should we expect markets to continue to decline as we go forward?
Are you able to provide an opinion on CI Financial stock?
Thank you
Richard
Recent New Member
p.s. Thank you for this service

Q: On a fundamental basis, what do you think of CI Financial's purchase of First Asset? For a five year hold in the financial category of a portfolio, would you rate it as a buy or would you rate BNS or another one of the banks more favorably?

Q: CAn you please comment on the latest quarterly results? It appears strong but the stock is down.

Q: Hi Peter,

You mentioned that if you had to pick a mutual fund, you like CI Financial. I personally am very fond of the Mawer Balanced fund, which you also mentioned as a good family of funds.

Of coarse a good way to make money is to buy the fund company rather than the funds...
I currently hold IGM (Investors Group), but I am wondering if you think CIX would be a better choice going forward.

Thank you for your great service.

Q: I've held CIX for about a year. My thoughts are that it will likely flounder for the next year and I am considering selling in favor of buying DH. My holdings in the financial sector are about 23% with equal weighting in the US & Canada. Do I make this trade or stay with CIX?