Q: Your subscriber John asked about switching from Manulife to Element
Financial. I own both stocks (MFC 2.1%, EFN 1.8%) and both are down
on the same percentage. Do you think the switching is wise in my
case? If you think it is ok, when is the best timing? In the
Financial sector, I also own HCG-2%, TD & BNS-9% . Thanks
Q: I am thinking of selling (MFC) Manulife and switching to (EFN) Element Financial. I would trigger a capital loss and as Manulife seems to have ongoing problems what do you think of this idea or do you have a better idea. I already own RBC and BMO in this area. THANKS
Q: Element Financial (EFN( has dropped ten percent this week from an already low share price compared to the 52 week high. Everyone seems to like this stock except those investing in it. Do you have an opinion on why it' consistently dropping and is this a good entry point for a longer term investment?
Thanks.
Q: Is there a correlation between EFN's falling stock price and Trinity Industries? Should there be any concern or should I add to my position in EFN? Thanks.
Q: I currently have a quarter position in Element Financial and as the trend line was down, I was holding off buying additional shares in EFN. Now with the announcement of the split of EFN into two entities, and the most likely increase in the p/e rating increasing, I am wondering if I should buy now, or in a weeks time, say, or hold off until the split is actually done.....Tom
Q: Big news this morning, about splitting the company into parts. Comments? ( And if many people have asked this, please ignore this and charge me a question anyway!)
Q: EFN is starting to look very attractive. Why is it so beat up?
The management presentation references tangible leverage, which appears high but wondering if you could put it in context, I'm guessing as a financial this kind of leverage is more acceptable. They seem to be generating higher returns now but if thats just happening due to additional leverage its not really a value add. Do they have any oil and gas exposure? Chesapeake is referenced in the deck, not sure how that ties and how large that exposure would be.
Q: I have a question about Equity Financial Holdings . I thought for sure, that you would have covered this company, since it is praised by every analyst on BNN and since it meets one of your most important criteria - the beginning of a dividend.
Why is it not covered?
Q: Happy New Year Peter. I thoroughly enjoy your service.
I bought EFN in May of 2015. It is about to hit my "25% Mental Trailing Stop" when I have to re-evaluate this stock as to whether or not to sell it at market price. It is currently at 24.4% while my actual loss is 15%. I use Trailing stops to limit my losses. It has worked very well for me. I have an option to raise my "trailing stop" after the evaluation to a higher level. What's your current view of EFN, the good and bad?
Q: I currently own this stock but it is only 1% of my portofolio. I am down 14% and would like to buy more. You often recommend not to average down but would it be okay to average down and buy more to top it to 2%
Dolores
Q: What effect will the expected interest rate increase in the U.S. have on EFN? Have they borrowed. a substantial amount of money to finance acquisitions.
Thank: Jerry
Q: Based on companies in the Growth Portfolio alone, which is your strongest buy today? I just topped up my TFSA and was having some hesitation purchasing EFN, not quite understanding why it continues to slide. Thanks.