Investment Q&A

Q: Recently I've sold some non performing stocks as well as stocks that were a very small portion of my portfolio in an effort to concentrate my portfolio on some higher quality, better performing stocks and I've come up with these 6. Wondering if you could rank these based on risk from less risky to most risky. I'm fairly conservative, tend to hold good quality companies for long periods (5-10 years) and I don't like a lot of volatility - I'd rather get a 5% return and sleep at night than a 10% return and stress about it.

Q: i bought efn because it was financial operating in a different niche than the banks or lifeco's. i'm looking to add some more and bring it up to 1/2 position in my portfolio. add now or wait for the split? if wait for the split, stick to the leasing business?

Q: Hi 5i team,

From the growth stocks listed above what would be your top 5 for expected stock performance over the next 3 - 5 years.

Feel free to take as many question credits as you feel necessary.

Much appreciated,

Jon

Q: I read Element Financials conference call transcript for Q2 and this what I got from it.

They have been winding down 2 portions of their businesses which intern has,
1) Reduced originations and lowered EPS
2) Returned capital to make them M&A ready
3) Short term from "30,000 ft view" makes them look like they are falling apart
4) But, closing these business books will allow them to redeploy the capital to much higher ROE investments to grow earnings faster

The split of the company has put some of it's business activity on hold,
1) M&A has been stopped until the split so no big growth in Q2 and Q3
2) 3 immediate acquisition targets will be pursued when split happens
3) New funds will be launched for income growth and to free up capital for M&A
4) Expect some major accretive acquisition(s) to happen and possible surprise earnings either in Q4 or Q1.

So in conclusion they are setting themselves up for greater growth and shareholder value. To do this they have to sacrifice income in the short term to strengthen their capital, plus delay growth until the split occurs.

Is my simplified summary similar to 5i's consensus on this company?

Thanks, Shane

Q: 5i team, can you comment on latest Special Meeting (Tues Sept 20, 2016 9 am EDT), RE: Element Arrangement Resolution; ECN Capital Equity Plans Resolution; and Share Issuance Resolution? thank you

Q: Please give your advice on EFN going forward: buy, sell or hold.

Thank you.

Cathy

Q: Now that you have finally removed Concordia from your portfolio, it is time to consider also removing Dh and Efn as they are also cheap for a reason.

Q: Hey team

Your opinion on earnings report. Thanks Chris

Q: ave 5% in each corp and have losses of 25% and 35% respectively. I have been patient but wonder if I should sell one half of each and buy more ZZZ and KXS, in their place.
Thanks for your assistance..
Alex

Q: In the past I have just held a few stocks (PHM was one of them) but am now planning to take a much larger position in the Canadian market and would very much welcome your opinion, comments and suggestions on the list of stocks I have chosen. They were chosen largely based on their current price and the apparent opportunity for capital gain. What do you think.

Bob

Q: Presently, I own 5000 shares of Element Financial. When the split is completed, will I then own a predetermined portion of each new entity? Thanks.

Q: What do you think of the proposed acquisition by Element of Infor Acquisition Corp both in terms of growing its business and adding to its management team? the stock seems to building a base in the $14-$15 range. Do you think it has the potential to revisit its $20 peak in 2017? Looking at it for a three to five year hold.

Q: Finally some news from Element Financial today. Looks like formal approval of the restructuring is complete, plus they also announced a merger with Infor Acquisition Corp. Can you specify if this is good news and what how this may impact the share price(s) of EFN?

Q: Hello,I would like to invest in element or Fsz Fiera,and would like your opinion on which one would be best for dividend,safety of capital,and better management.
Or would you have a better choice?I already have 3% in TD but have room for one more financial stock.
Thanks,Brad,great work

Q: Peter and team

I was thinking of getting back into EFN at this time. I was wondering your thoughts long term, and more importantly what will happen to shareholders at the time of "the split".

Thanks as always for a great service!

Phil

Q: What do you think of EFN.PR.C, they're down from where I bought but the dividend has more than made up for that....would you continue to hold? Thanks.

Q: The share price continues to languish, although it is up substantially from its earlier lows (but still down from its highs). Despite this malaise, the stock continues to draw widespread support from several BNN analysts and others. Why is the proposed restructuring not better reflected in share price? Does it suggest there is a greater deal of risk in this happening than first thought or that restructuring will not prove to be that beneficial?

Appreciate your insight?

Paul F.

Q: I do not have any exposure to financials. I am conservative and looking more for growth. Considering equal weights of HCG and EFN. Would these make a good pairing? Thank you .

Q: I am looking to buy this pref for income , reset date is sept 2020 at 5.34, what will happen to the prefs once the company separate into 2 different entity.

thanks

Alain

Q: Would this be a good time to buy EFN? Thanks
Garry