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Investment Q&A

Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.

Q: I have built up a position in TIXT and plan to hold it for a very very long time. I now also have some shares of LMN spun out from CSU. The LMN shares are approximately 1% of my CSU position and an even tinier fraction of the overall portfolio. Wondering if I should just roll the shares of LMN into my TIXT position and would be more inclined to do so if there is considerable overlap in their businesses. Your thoughts please?

Thanks.
Read Answer Asked by Joel on March 29, 2023
Q: Hi team,
ON holdings has gone parabolic lately, most recently on good earnings release. Is this move justified or is valuation sky high now for a fashion company? Would you prefer crox to this name or is there a compelling long term story here to ON? Could you also compare Atz to this name too? Atz looks like the cheapest name of the three mentioned with high growth as well. I rarely hear this name talked about. Your comments are appreciated . Thanks

Shane
Read Answer Asked by Shane on March 28, 2023
Q: I retired, fortunately, at age 56 and started to receive a company pension at that time. I am now 68 and am starting to research converting our RRSPs into RRIFs when we turn 71....no rush yet

These past few years BNN has had a Talking Tax show every Friday during March-April. I understand you are not tax experts, but one item came up a few weeks ago, which I tried to dig into.

One of their guests said that one of the advantages of converting your RRSP into a RRIF early was you would then qualify for the $2,000 pension tax credit. You did not quality for this credit with your RRSP. It HAD to be related to your RRIF.

I have done a fair bit of research and come up empty handed. I found some documentation years ago, but can no longer find it....I think I already qualify for this tax credit, simply because I am the recipient of a company pension. I have taken a look at some previous tax submissions and see that I get a "Pension Income Amount" (line 31400). Are we talking about the same $2000 tax credit? Am I interpreting this correctly?

If I am correct, then I would not need to convert our RRSPs into RRIFs at this time.

Thanks for your help....much appreciated,
Steve
Read Answer Asked by Stephen on March 28, 2023
Q: I own the above pipeline stocks in various accounts. In my flee to safety and dividends, I am now overweight in this sector. Could you please rank the above securities and which security you would hold or sell.

Thanks
Dave.
Read Answer Asked by David on March 28, 2023
Q: Could you please comment on TRI, its valuation and why it defies gravity seemingly independent of its peers? Does it have comparables and what is future growth potential?
Read Answer Asked by Peter on March 28, 2023
Q: Hi, Your thesis about trading of Lumine shares, during initial days makes sense and seems to be proving itself right. Brilliant !!! Based on no of shares already traded and more selling expected in coming days from the Index funds ( appx holding of LMN shares across Index board ), when and at what level, you expect the shares to settle, before it would be safe to start accumulating ? Thank You
Read Answer Asked by rajeev on March 28, 2023
Q: Is there any reason why I cannot make a contribution directly into my granddaughter's TFSA account? Thanks
Read Answer Asked by george on March 28, 2023
Q: There have been some some media reports today citing a federal source who says today's budget will include plans to go after predatory lending. I've seen some speculative chatter suggesting this could mean lowering the maximum interest charge rate possible from 60% to 30%. In your most recent report on GSY you state they originate loans up to $45,000 with rates between 19.9% and 46.9%. Is it known how much of their loan book is above that speculative 30% threshold, and how much of an impact might this have on their overall business if this 30% ceiling were to occur?
Read Answer Asked by Peter on March 28, 2023
Q: 5i has commented positively regarding Lundin Mining in the past noting its strong balance sheet, valuation, and healthy dividend. On March 27, Lundin Mining announced that it has entered into a binding purchase agreement with JX Nippon Mining & Metals to acquire 51% of the issued and outstanding equity of SCM Minera Lumina Copper Chile. Mr. Market seems to love the deal if today's trading is any indication. Is 5i similarly enthusiastic about the deal?

Thank you as always for your expertise.
Read Answer Asked by Richard on March 28, 2023
Q: Question regarding the topical issue of bank defaults...
I have seen many discussions lately regarding Canadian deposit insurance / investor protection fund (including Peter's recent 5i article) but...
What happens to stocks owned in a brokerage account if the brokerage becomes insolvent?
Am I not the beneficial owner of these stocks?
So I am wondering why the $1M coverage under the CIPF would even be an issue.
Would my stocks not just be transferred to my next brokerage account or directly to me in the case of default?
Would one need to even worry about stock holdings >$1 million at one particular brokerage?
Thank you for answering a question I have never found an answer to.
Read Answer Asked by Joe on March 28, 2023
Q: Good Morning All,

With Spartan Delta reportedly selling $1.2 billion in assets to Crescent Point, SDE will be issuing a special dividend of $9.50 per share, as well as providing a share of Logan Energy and a warrant for an additional purchase of Logan Energy at 35 cents, plus a special 10 cent dividend, I believe for holders of Logan at the end of June.
Could we please get your view on this deal? Do you favour heading down that path, or would you prefer selling SDE on today's bump? Any other comments regarding this deal?

Thanks,
Don
Read Answer Asked by don on March 28, 2023
Q: My TD Waterhouse account shows ZWB { yielding 8.2% } and HMAX { yielding 15.1% } . Could you please confirm both yield numbers at today's ETF prices ? And why one might buy the lower yielding ETF considering that HMAX has nearly double the yield and a little more diversified { 75% banks } ? ...... { I'm not concerned about the short history of HMAX } ..... Hypothetically, if it were " you " and you wanted a covered call financial ETF which one would you pick and why ? { Of if there is another one you would prefer over both }
Read Answer Asked by Garth on March 28, 2023
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