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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 a less than 1% position in MCR and am looking at topping it up. My only other Energy position is ENB which is 4%
Are you still comfortable with the prospects for this company ? If so, given the low volume, any suggestions on how to approach buying ?My thought was to put in a limit order for 2.60 and just let that sit until the end of December. Any suggestions would be welcome. Many thanks
Read Answer Asked by Alexandra on December 13, 2021
Q: Dear 5i,
Currently, I use a Canadian discount brokerage which charges $9.99 per trade. I generally do not trade much and I am not a professional trader, but I am considering having one or two more accounts where I may trade more frequently. I read an article which stated that some "commission free" brokerages may make money by/from:
1. foreign exchange fees
2. delaying market data
3. sending trades to 3rd parties
Can you help explain how a broker makes money by delaying market data?
Can you help explain if #2,3 may apply for accounts held with a Canadian "commission free" broker? Would this also apply to a Canadian "non commission free" broker?

thanks

Read Answer Asked by Ian on December 13, 2021
Q: The multi voting shares trade at a ~5% premium to the subordinates, is there a coattail provision for the sub shares in the event of a takeover/privatization and how likely is this considering the family ownership?

TCL.a is in the Income portfolio at a 2.5% weight and 38% reduction from purchase price, would you consider the weight appropriate, and with an event such as a takeover would you expect a premium close to what was paid for the shares or could it possibly be a takeunder?
Read Answer Asked by Jeff on December 13, 2021
Q: Well, count me confused.

“The Distribution is scheduled to be paid on December 22, 2021 (the “Payment Date”) to holders of Common Shares of record as of the close of business on December 15, 2021 (the “Record Date”). Subject to confirmation from the Toronto Stock Exchange, ECN Capital expects the Common Shares to commence trading on a “due bill” basis at the opening of trading on December 14, 2021 and to commence trading “ex-distribution” on December 23, 2021. The due bill redemption date will be December 24, 2021.”

This seems to indicate that you must be in ownership of ECN on December 14 to receive the dividend/distribution on the 22nd.

Is this some sort of financespeak? Are they aspiring politicians?
Read Answer Asked by Dano on December 13, 2021
Q: Peter, my son asked me about buying shares in Vacasa, vacation rental company based in Portlant. It IPO'd on Monday (SPAC) with an inauspicious beginning! Down as much as 12% today. The vacation rentals space looks interesting and this co. may be worth looking at later as a reopening play (whenever that really occurs), but so far the company is losing money every quarter from what I can gather.

I recommended holding off for now and have put it on a watchlist, but I'd be interested in hearing what you would look for before you would actually consider actually buying shares in this company.
Read Answer Asked by David on December 13, 2021
Q: Gresham asked a question on Friday about moving stocks/cash in a non-registered account, funded from borrowed money, to a TFSA. You indicated that the interest would continue to be deductible. That is not correct, as interest on borrowed money used to make TFSA contributions is not tax deductible.
Read Answer Asked by Christopher on December 13, 2021
Q: Fairfax is offering to buy back shares between $425 and $500 US. Do you have any thoughts or recommendations re this offer ?
Read Answer Asked by trent on December 13, 2021
Q: Hi Peter & team,

For US Heathcare, I’ve ABBV. I want to add one more wide moat, stable growth healthcare company. Thinking of either SYK or ISRG. Based on their current market valuation, balance sheets, and future revenue growth, which is the current preferred choice and why. Or is there another better choice? What’s the suggested entry price? Thanks.
Read Answer Asked by Willie on December 13, 2021
Q: Peter's column citing some "unusual events" during his time in the investment industry was most interesting. and, so real. thanks for sharing!
Read Answer Asked by Brenda on December 13, 2021
Q: Strongly considering buying back the 40% I sold few months ago due to in rease in share price, used procedes to to open new didvdend position.
This would bring me back to just under 4% weighting and reduce overall cost per share about 10% on LSPD.
I beleive they will return to previous highs and go beyond, I'm okay with it's volatility, see it as another GSY growth wise and not as bumpy, can I get you comments.
Regards
Don
Read Answer Asked by Don on December 13, 2021
Q: I bought enb, in part of it's steady increase of dividend pay outs, how ever a talking head said that in the pass enb has been issuing debt to support the dividend, sounds like smoke and mirror, in the future they will need to cut back on the payouts, what are your thoughts, should I switch it to another pipeline. On another matter, I read your article in the globe, man I had to laugh, you have led an interesting career.

Thanks
Auftar
Read Answer Asked by auftar on December 13, 2021
Q: Could you please rate the above best to least for growth in the next few years
Thank you for all your great advice.
Read Answer Asked by Bonnie on December 13, 2021