Investment Q&A

Q: Please accept my apologies for what could be a request for a long-winded answer. You welcome to debit my 5i bankroll for 5 question credits in effort to better compensate you for your time.
---------------------

If possible, please provide your opinion on something I wish to term "Peak Credit" in Canada. We are all aware that Canadians are spending themselves into a life-long love affair with mortgages, lines of credit and credit cards. With Canadian interest rates at 35 year lows, the availability of loans and credit climb while region-specific real estate prices inflate to valuations that seem to defy logic. Young families in their 30's commonly have mortgage debt over $500k and barely earn the income to cover payments at today's rates.

In general, what is the mix of insured/un-insured mortgage debt on the books of Canadian banks? If wages are not keeping pace with inflation and the cost of living, how are Canadians ever going to own their own home? Are we doomed to a life of the English, where the concept of home ownership is more of a dream than it is a reality?

Do you feel banks in Canada are prepared for higher rates in the next 3yrs?

Is Canada showing the early signs of a credit bubble?

Do bank common stock investors have anything for fear?

Am I a coyote howling at the credit moon?


Thank you for your guidance. This topic should be on the minds of many Canadians.

Q: Good Morning 5i, what do you think about the results from CWB ? Would you add, hold or swap out ? Thank you, Paul

Q: Do you forecast continued price appreciation in the shares of this bank ? I bought a couple of months ago at just over $26 and am now up 19%. Time to sell or hang on for the ride ?? This stock seems to be not well followed outside Western Canada and few analysts are aware of how well secured this bank's loans are, despite its western exposure. For example, from 2009 to 2014 the stock price of CWB outperformed Royal Bank. It only declined dramatically after the decline in oil prices, which now seems to have bottomed. Maybe it is time to buy more ?

Q: would you move from Canadian Western to Home Capital?? Thanks Jim

Q: What do you make of their announcement of a share issue?

Q: is this a decent financial with upside or is it dead money.what other small financial would be a better choice long term.i also own home capital already

Q: What is your opinion on the CWB addition of the GE credit Franchise and the Banks expansion plans.

Q: What can you tell about it's recent acquisition? It looks like it is trying to expand it's geograhic footprint - Ontario - perhaps open some branches at some point? How are they paying for this acquisition? I already own all five Canadian banks in my RIF and Non-registered accounts, and have for many years - added to positions in early 2009; however, I was thinking of buying this bank for the upside when oil slowly makes it's way back up again & the AB economy picks up.
Comments please & thank you ... JP

Q: Hi Team,
Thank you for your diligence,Insight and response time.
I would be grateful for your opinion on the 2015 CWB Financial report,are there any disguised 'one time' items and what is the significance of the 'teb'lines? Andrew

Q: Hello 5i team

I am curious about CWB, this bank seems to follow XEG closer then it the does XFN. Is its exposure to the oil field that drastic?? I really like the long history of div growth, the share price to NAV, low P/E ratio and it's low debt. What do you think of this companies dividend (is it sustainable), management, and its growth potential? does this have a greater potential for a rebound then the big 5 banks?

Any info on this company is greatly appreciated

Thanks

Q: Good morning
May I have your comments on CWB's results. Thank you again for your superb service which has been a huge benefit.

Q: Good Morning,
Would you be able to tell me when CWB reports next? Also is there anything wrong with the bank other than it is caught up in the same sentiment as the energy sector?

Thankyou
Larry

Q: Peter and company,
Do you think CWB would be a good buy now that it is down considerably because of the drop in energy stocks, drop in employment in AB and the slow economy? I stated in a previous e-mail that I wanted to cut back on financial services sector but the price looks attractive. Besides I don't really think of the banks as financial services but rather more as sort of organised crime.
Gary

Q: Hi 5i team,

What do you think of CWB now that it is paying 4% in dividend? It is down 25% this year.Thanks

Q: Do you feal there is value here at todays price? Its near its 52 week low...Thanks

Q: Could you please provide an update to Canadian Western Bank. Would you consider it a buy at today's price which is below $38.00?

Thank You

Q: Can you comment on Canadian Western Bank pls? Is this a good entry point? Tx

Q: cwb - could you give me your thoughts on Canadian Western Bank. It has been weak since it reported earnings which I thought were OK

Q: Would you give me your pros and cons on the proposed following offer as part of the "fixed income" portion of a portfolio.

Canadian Western Bank 4 .40% 5.25-Year Rate Reset Pfd
Short Description: Treasury Offering of Non-Cumulative 5.25-Year Rate Reset First Preferred Shares, Series 5


Thanks

Q: Hi Would you give me your comments on spdr barclays convertible sec.etf.

Thanks again