skip to content
  1. Home
  2. >
  3. Investment Q&A
You can view 3 more answers this month. Sign up for a free trial for unlimited access.

Investment Q&A

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

Q: In TRP's Feb 15 report there are two phrases used:
- "Net income attributable to common shares" and
- "Comparable earnings"

What is the distinction being made by TRP here?

Thanks.

For context, here is a portion of their Feb report:


Net income attributable to common shares for fourth quarter 2021 of
$1.1 billion or $1.14 per share compared to
$1.1 billion or $1.20 per share for the same period in 2020.
For the year ended December 31, 2021, net income attributable to common shares was
$1.8 billion or $1.87 per share compared to net income of
$4.5 billion or $4.74 per share for 2020.
Comparable earnings for fourth quarter 2021 were
$1.0 billion or $1.06 per common share compared to
$1.1 billion or $1.15 per common share in 2020.
Comparable earnings for the year ended December 31, 2021 were
$4.2 billion or $4.27 per common share compared to
$3.9 billion or $4.20 per common share for the comparable period in 2020.
Net cash provided by operations for the year ended December 31, 2021 was
$6.9 billion compared to
$7.1 billion for 2020.
Comparable funds generated from operations for the year ended December 31, 2021 were
$7.4 billion, in-line with 2020 results.
Read Answer Asked by Robert on February 24, 2022
Q: Hi team,

For new money what are your top names?

And which names are you watching closely to buy in another 10%?
Read Answer Asked by James on February 24, 2022
Q: Firstly, what would you consider the current fair value of a BAM.A share to be, with consideration to the fact that rates are rising? Secondly, would you buy BAM.A at the current price or wait for a lower price given the negative momentum?
Read Answer Asked by Stephen on February 24, 2022
Q: I own both of these companies, and would like to add more to my current positions. I know you like them both as long term investments. Do you prefer one over the other?

My other question is: What is your opinion about selling puts to add to these positions? Volatility is very high on both, so I would get a decent premium, and I (possibly)get to buy them at a much lower price. This just seems like win-win to me. Are there any risks in doing this that I'm not aware of? I am not using any margin for these purchases.

Thanks for all that you do
Read Answer Asked by Ed on February 24, 2022
Q: I know you follow and like both adtech companies APPS and TTD but there have been no questions on applovin which seems to be a big player in this market as well + recent purchase of mopub. I was wondering your thoughts on this company and its outlook how would you compare it to apps and ttd and where would you rank it for growth potential?
Read Answer Asked by Michael on February 24, 2022
Q: Hello Peter,
What do you think of Gladstone Land? Shopify and Nuvei are both experiencing downwards momentum. What upward signals would you use to add to these two stocks? Would it be 50 day moving averages or is there a price that would make sense showing upward movement? Thanks very much
Read Answer Asked by umedali on February 24, 2022
Q: Whats your best
Picks today in consumer discretionary and consumer cyclical that have both growth potential and pay dividend for a registered account?
Thx
Read Answer Asked by Todd on February 24, 2022
Q: Regarding Brad's question about RIO's dividend: according to its report, RIO is paying out on April 10 its final semi-annual dividend of 306.72 pence ($4.17US) and a special dividend of 45.60 pence ($0.62US). The $10.40 that Brad mentioned is the total annual 2021 dividend which includes the interim and special dividend that was paid out last summer.
Read Answer Asked by chris on February 24, 2022
Q: Hi Peter, Ryan, and Team,

I and others have recently commented on Parkland's relatively poor performance lately. PKI is held in our son's TFSA (which I manage). Being reluctant to sell at a loss, I've held off, hoping for better days ahead.

I found this analysis (from National Bank Direct Brokerage) and am curious if you agree with their assessment, or should we take our lumps and move on?

Could changing the sector index help PKI?
We note that PKI is classified in the S&P TSX Energy Index, which could be
misplaced given that retail constitutes >40% of its business. In our view, PKI’s
share underperformance is related, in part, to fund flow imbalance (given
that PKI doesn’t benefit from rising commodity prices). We further note
that many peers, including Alimentation Couche-Tard, Casey’s and Murphy
USA, are in the Consumer Index (either Discretionary or Staples). With a
growing non-fuel business (including the recent M&M acquisition), sector
reclassification for PKI to the Consumer Index could direct investor focus
more toward PKI's operational performance versus commodity exposure (it
could also help to reduce share price volatility in the long term). We remain
constructive on PKI given ongoing end-market recovery, attractive valuation,
and anticipated future accretive acquisitions.

Thanks in advance for your continued help as we navigate this difficult market.
Read Answer Asked by Jerry on February 24, 2022
Q: SPB has taken quite a beating missing estimates, trouble with the Kamp purchase ;but has 2 big investors, one being BAM, has experience with growth through acquisitions. I initially bought at
$15.00 and looking at topping up to 3% position. I am a patient investor and like the almost 6.5 % yield with the stock now just north of $ 11.00.
Your thoughts. are appreciated. Derek
Read Answer Asked by Derek on February 24, 2022
Looking for more? Sign up for a FREE 14 day trial! No credit card required

We invite you to sign up for a 14 day free trial of 5i Research!
Experience all the benefits and tools we have to offer; stock research, model portfolios, Q&A with our experts, and so much more. Join a community of like-minded investors today!