Q: How much longer would you give EFL to turnaround. I'm down over 20% now. Do you expect the next earning release to be a catalyst. Do you have a rule of thumb as to what percentage loss to consider a sale.
Q: Good day, I understand (from your responses to other questions) that you like EFN, and, looking back a few months ago, it was that you held in your model portfolio (and switched out of it just before it dropped somewhat significantly), my question is this, at what price will you find it compelling value to add back into your portfolio? Thanks.
I'm thinking of selling both MDA and EFN (down 30% on each), and consolidating them into MAL. Do you think this would be a good switch? I understand that EFN is unrelated to the two others, but it's a small holding and I would like to consolidate it into a more attractive name.
Q: I just saw my daughter's TFSA and she is down 31%, with the above stocks well in the negative. The only positive stocks were the 3 we recommended to her from 5-I; CGX, PHO and SIS! Would you recommend selling these stocks and moving on? If so, any suggestions would be welcome. She has a cash balance in the account of 9,000.00 and she is down around 11,500.00 at the moment. Thanks for any help you can provide. We have been very pleased with our progress since we joined 5-I! Lesley
Q: The company issued $100M of preferred shares at the end of April and yesterday issued $1.2B of ABS term notes. Looks to me like they have encumbered long term cash flows significantly. Seeing as how the market sold off at 9:30 this morning then bounced back somewhat is telling me that current investors are nervous over these actions. Just a thought.
I would like to add a response to one of your previous posts re the stock action in EFN and ECN today.
As you say there can be many reasons why a stock loses 40% of its value in 10 minutes or so.
I do find it disturbing that a short attack or the rumour of a short attack in this case,can cause such technical damage that it may take weeks or even months for the stock to fully recover. CRH was another stock that recently fell victim to this activity. This appears to be happening more and more and the regulators do nothing and the so called circuit breakers employed by the TSX never seem to kick in until it is too late if at all. However these same circuit breakers do seem to be very effective in halting a stock if it going up at a rapid rate.
I know one of your mandates is to help level the playing field for us lowly retail investors and is very much appreciated,but unless the TSX/Regulators do something to curb these destructive activities then the retail investor will always be at a disadvantage and remain cannon fodder for these unscrupulous shorters.
Q: Are we seeing yet another short attack here?
Looks like they had a very positive announcement with the ABS notes just yesterday and now the stock is getting decimated. Why do these short attacks keep happening in Canada is there anything we can do about it. HCG, CRH, BAD, I'm sure there are others that I can't recall. Its getting tough to be a Canadian small/midcap investor.
Q: I'm down on EFN about 19% - buy more or bail as it's down again today with no news that I can see. I've read your other comments and do not need the cash right now.
Q: Hi, was just thinking of Efn as a buy? I have half a position now. Was looking over the questions and it looks like you seem to think in the long run it is a good buy.
My question is,what do you think of the mngmt, and debt,do you like the sector,and is there growth in the next 2-3 years?
Thanks, doing good since I joined 5i, Brad
Q: YOU ANSWERED A READERS QUESTION ON EFN FAVOURABLY . YET SHARE PRICE OVER LAST WEEK AND 3 MONTHS ARE NEGATIVE.
ECN ON OTHERHAND SEEMS TO BE DOING MUCH BETTER .PLEASE CLARIFY