Investment Q&A

Q: Here's another question on Altagas. On the CC, management indicated that they are going to re-evaluate the proper dividend rate (payout ratio) for the company given the new mix of assets. I'm assuming this is code for "we're cutting the dividend". Your thoughts?

Thanks,
Peter

Q: Do you think at this point if they cut the dividend to a more reasonable 5 or 6 percent that this would help the stock price

Q: long term view on AltaGas in your experience is this a sell or

Q: After the disappointing ALA results would you "throw in the towel" or just hold at this point?
Thanks

Q: Given your response to Jason today, about ALA: "ALA missed results by a pretty wide margin...." A question on many investor's minds would be this: How well covered is the dividend. Do you think the dividends, and dividend increases are at risk?

Q: your comments on the recent earnings and the sharp decline. thanks.

Q: Further to my previous question on ACI, as the company holds Cdn drop down pipeline assets of ALA would you generally view the dividend as more secure than ALA’s? Also, how would you compare ACI vs RNW in terms of dividend security and growth profile as both are Cdn drop down companies. Which is more attractive? Thanks.

Q: Is there a risk of bankrupcy for altagas , considering the various uncertities ,and the constant downward evolution of the stock ?

Q: I am a current holder of Altagas The manament is spinning out Canadian operations
Could you please explain how existing shareholders are affected Will they get any shares in the Canadian operations

Thank you

Paul

Q: Is there a recent report on AltoGas ALA-t?

Q: Do you have any reports, position, rating or view on Altagas. My objective is a 3 to 5 year timeframe.

Q: I am a retired, conservative, dividend income investor and have 1/2 to 2/3 positions in each of these securities. I trim-add to my stocks when my asset allocation needs adjusting (recently topped up BCE, BNS). I am considering topping up these 4 stocks, but am fully aware that Tax Loss Selling Season will soon be in full swing. Having said that, all 4 of these stocks have already been beaten up a fair bit.

I know you are NOT a market timer, but does your crystal ball foresee further downside as we work our way through the next 2 months of Tax Loss Selling? Using TCL as an example, you just added 1% to your position. I am sure you must have had quite an internal 5iR discussion about "when" to add that position vs. your 10% cash position at that time and the need to deploy some of it. OR...is it as simple as...this stock has been beaten up so much, it has excellent value now, we know we can't time the bottom, so let's just buy it now?

Thanks...Steve

Q: Hi, I am looking for dividend paying stocks that also have the most upside share price potential in both the short and long term. Could you rate the above, best to last, and if you have any other suggestions, that would be greatly appreciated.
I am not overly concerned with sector allocation.
Many thanks.

Q: What do you think about the IPO of spinoff of AltaGas Canada? Do you believe it is good opportunity to participate on it?
Thank you

Q: In my portfolio I work only on book cost basis. I do not take in consideration any gains unless I "crystalize" them. I am constantly following my cost base behaviour and act without hesitation if on any of my positions, I am down an amount that I consider unhealthy. I make a difference between terminal losses and temporary losses.
Reviewing Altagas for which so far I only have a small loss, I will appreciate your evaluation on the potential for a terminal loss (bankrupcy} and/or temporary losses, considering that I will sell anyway if my losses expand beyond my own comfort threshold.
Thanks
CDJ

Q: Hi 5i:

Is it a good time to re-enter VET and DOL? Full or Half positions? I have regretfully waved my 10% rule on ALA. What do you see for its future?
Thanks for your unbiased insight which is tremendous foundation of 5i that benefits all members.

Tom

Q: A number of analysts have positive comments on the future of this stock. Your feelings on buying it at present level.

Q: Hello,
I liked Gary's question on Low Risk/high reward situation for ALA. I read a book by Mohnish Pabrai a great value investor who did very well by buying into low risk/high uncertainty situations which led the good companies to sell at well below market prices. Are there other companies out there in such a situation? Would TSGI fall in that category where the risk/reward looks very attractive? Thanks.

Shyam

Q: I have held ALA for a long time - so long that I actually have a modest unrealized gain. The current yield of over 10% is obviously signalling something - either an expected dividend cut or a strong discount implying the market is not buying the picture presented by managment that shows strong growth and no problem sustaining and growing the divi. In my view then - the current stock price reflects all of the bad news that might happen - so there is very little downside at the current price. If a divi cut happens - there might be a short term decline from the current price but the stock should recover to a level with associated yield that is peer competitive. If on the other hand - the market buys the growth story - we should see substantial price appreciation from current levels - no divi cut and a repricing which also results in a peer competitive divi. So at the current price - very limited downside and signficant upside. Do you agree?

Q: Considering tax loss selling NFI and TCL (and possibly ALA) then waiting 30+ days to rebuy. Using TurboTax, the loss saves me 15%. Does your crystal ball foresee any quick rebound potential for these 3 stocks that would cause me to rethink this strategy? Thanks...Steve