Q: Greetings: On a few occasions, I can remember in an answer to a question it was stated that it is best if possible to avoid trading when the market first opens and 30 minutes before closing. Recently, it was stated that a lot of institutional and algorithmic trading is done in these time frames. Wouldn't that provide me with more liquidity, and in turn possible better purchase and sale prices? I cannot find the specific questions and answers, so if I am quoting you incorrectly, please excuse me. Please enlighten me on this subject. Also, could I get a link to Eric Nuttall's appearance on the money show on Dec 1. Thank you. BEN.
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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.
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Manulife Financial Corporation (MFC $41.85)
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Power Corporation of Canada Subordinate Voting Shares (POW $53.19)
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Berkshire Hathaway Inc. (BRK.B $478.03)
Q: I have an overweight in these 3 insurers, and think it might be wise to fix an underweight in CAD banks, by selling one of these and then adding to my banking exposure. Which one would you sell here (and why) and which Bank(s) would you add? I hold RY, CM, and BNS and was thinking of simply adding to my positions, but can be talked into something else here. Thanks
Q: Why is this company down almost 5% today? Any news?
Thanks
Thanks
Q: Just a follow up to Dennis's question regarding yield on AQN. Is it possible that the current yield on some of it has reached the level he mentions based on the market price of the debt instrument? If so would that indicate that the debt market expects trouble here?
Thanks
Thanks
Q: Hi 5i,
with the recent split I can't seem to find the canadian ticker;
BAM:CA in your database.
thanks
with the recent split I can't seem to find the canadian ticker;
BAM:CA in your database.
thanks
Q: I have a non-registered account that mainly consists of Canadian dividend-paying blue chip stocks. I'm retired. I'm looking at including XRE for diversification. I am fairly flexible on whether or not to put it into this particular account or an RRSP. From a tax point of view, would you have any recommendation ?
Q: is there any hope after latest drop.The company has been quiet
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Brookfield Renewable Partners L.P. (BEP.UN $36.23)
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Brookfield Infrastructure Partners L.P. (BIP.UN $45.40)
Q: I hold the above stocks in my RRSP. I understand that as of January 1, 2023, the IRS will require a 10% withholding tax when Canadian residents sell a limited partnership. Does this only apply to US based partnerships? Would it apply to BIP.un or BEP.un? Does it apply to partnerships held in an RRSP? It appears this could apply even if you sold at a loss. Thanks for your advice.
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Broadcom Inc. (AVGO $274.18)
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NVIDIA Corporation (NVDA $158.24)
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QUALCOMM Incorporated (QCOM $158.09)
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Advanced Micro Devices Inc. (AMD $134.80)
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Taiwan Semiconductor Manufacturing Company Ltd. (TSM $229.17)
Q: What would be your preferences in semi-conductor companies?
Thanks Lorraine
Thanks Lorraine
Q: Dear 5i,
ENGH and OTEX look pretty beat up.
I am considering purchasing a 1 to 2% TFSA position in one or both.
Do you think these are bargain prices? Do you have a preference
if one should purchase today? Can you please provide your reasons
for your preference. I expect to hold for at least 3 years but ideally
forever. thanks
ENGH and OTEX look pretty beat up.
I am considering purchasing a 1 to 2% TFSA position in one or both.
Do you think these are bargain prices? Do you have a preference
if one should purchase today? Can you please provide your reasons
for your preference. I expect to hold for at least 3 years but ideally
forever. thanks
Q: Would you mind providing your opinion and assessment on Royal Bank in particular in light of their purchase of HSBC and the potential of positive results going forward or the converse. Thank you
Q: Hi Guys
Just a follow up to my last question on total Debt. Why such a discrepancy in the numbers at Koyfin ?
You had stated in a prior Question on TIXT that total Debt was 986 Million, which happens to be the same as what Morningstar shows, However Koyfin shows 1,361.8
Thanks Gord
Just a follow up to my last question on total Debt. Why such a discrepancy in the numbers at Koyfin ?
You had stated in a prior Question on TIXT that total Debt was 986 Million, which happens to be the same as what Morningstar shows, However Koyfin shows 1,361.8
Thanks Gord
Q: Lots of stuff on this in questions but not crystal clear. In simple form, what happens to bam.a shares? New symbols? What do you suggest doing, if anything?
Q: I'm trying to understand the new Brookfield Asset Management Ltd spinout. I have two questions:
(i) It seems to act like a royalty on the asset management business. Am I correct that it does not have to add any additional capital to the business as time goes on?
(ii) On its web-site it claims a 90% payout ratio. However, from the recent Investor Day presentation (page 62), it states that there is 4.9B of distributable earnings for the original company for 2022, which would mean about 1.2B for the new spinout. As I calculate it there are around 450M shares, which means a projected dividend of over $2/annum. However, in the announcement of Dec 6, it stated that the starting dividend is about .28/quarter, or 1.12/annum. What am I missing?
(i) It seems to act like a royalty on the asset management business. Am I correct that it does not have to add any additional capital to the business as time goes on?
(ii) On its web-site it claims a 90% payout ratio. However, from the recent Investor Day presentation (page 62), it states that there is 4.9B of distributable earnings for the original company for 2022, which would mean about 1.2B for the new spinout. As I calculate it there are around 450M shares, which means a projected dividend of over $2/annum. However, in the announcement of Dec 6, it stated that the starting dividend is about .28/quarter, or 1.12/annum. What am I missing?
Q: Besides earnings on Thurs any thing on your radar popping this today?
Thx
Thx
Q: Can you please give me your thoughts on Constellation's deal in acquiring WideOrbit through the Lumine group. Do you think that this will be a positive for CSU shareholders? How will it affect current CSU shareholders and will there be a special dividend? Any information that you have would be appreciated. Thank You.
Q: Your take please on the latest Constellation spin out and prospects for the new company moving forward. Any thoughts on CSU getting taken out or going private? Thank you
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Restaurant Brands International Inc. (QSR $92.71)
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Premium Brands Holdings Corporation (PBH $82.86)
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Domino's Pizza Inc (DPZ $453.22)
Q: Want to start a new position. Which do you prefer, QSR.CA or PBH.CA? What would be a good entry point for your choice? Thank you
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Brookfield Renewable Partners L.P. (BEP.UN $36.23)
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Brookfield Infrastructure Partners L.P. (BIP.UN $45.40)
Q: Just received a letter from my discount broker advising of changes to US withholding tax on distributions and dispositions starting January 1, 2023 that "might" apply to Canadians holding publicly traded partnerships in any account, including RSPs. As a long-term holder of both BIP and BEP, I have significant capital and gains on both. These are held in an RSP, so I have never been concerned about any tax implications. But now . . . ? The Brookfield site advises that they "do not expect" non-US investors to be subject to any withholding tax, and there is also a letter from their tax lawyers with the same claim with a bit more positive wording, but it ends with a disclaimer (hey - we could be wrong!)
I do not want to sell either BIP or BEP, but it would annoy me more if I ended up losing the withholding tax on distributions and (particularly) dispositions. Not sure how the IRS can withhold tax on a Canadian selling a non-US based company, but obviously there is a way, as the letter came from my Canadian big-bank brokerage which also has a significant presence in the US. Also assume that with the stocks being in an RSP, there would be no means of recovery through tax credits.
I would appreciate any comments you have on this matter. If the stocks should be sold, it would have to be done this year. Would this problem also apply to BIPC and BEPC, if I just did a switch?
Thank-you, Grant
I do not want to sell either BIP or BEP, but it would annoy me more if I ended up losing the withholding tax on distributions and (particularly) dispositions. Not sure how the IRS can withhold tax on a Canadian selling a non-US based company, but obviously there is a way, as the letter came from my Canadian big-bank brokerage which also has a significant presence in the US. Also assume that with the stocks being in an RSP, there would be no means of recovery through tax credits.
I would appreciate any comments you have on this matter. If the stocks should be sold, it would have to be done this year. Would this problem also apply to BIPC and BEPC, if I just did a switch?
Thank-you, Grant
Q: AQN's dividend is now 10%. There is a lot of talk that AQN will cut its dividend to be in-line with its peers. That would be around a 50% dividend cut. [In the past you have said many times that the first dividend cut is never the last.]
I have seen it mentioned here and elsewhere that during the financial crisis Manulife Financial cut its dividend, and it appears investors from that time have never forgotten that, or forgiven them for it. By the way what was the dividend cut they made? Was it only 1 cut, or was it several cuts?
Do you think that if AQN cuts its dividend, the stock will languish for a very long time as investors (like me) will not forget, and will never forgive?
Has AQN ever cut its dividend before? If yes, what were the cuts and when?
Are there other high profile examples of dividend cuts (excluding energy stocks in 2020) where the company has been penalized for doing that for a very long time?
I have seen it mentioned here and elsewhere that during the financial crisis Manulife Financial cut its dividend, and it appears investors from that time have never forgotten that, or forgiven them for it. By the way what was the dividend cut they made? Was it only 1 cut, or was it several cuts?
Do you think that if AQN cuts its dividend, the stock will languish for a very long time as investors (like me) will not forget, and will never forgive?
Has AQN ever cut its dividend before? If yes, what were the cuts and when?
Are there other high profile examples of dividend cuts (excluding energy stocks in 2020) where the company has been penalized for doing that for a very long time?