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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: Hi Guys,
Bought some puts on the above as insurance a few weeks ago and so far so good, they are the 104$ strike that expire in June, not sure if I should grab the profits now or wait a little longer. I know you boys trade options in the US so any insight would be appreciated as I'm relatively newcomer to options.
Thanks
Anthony
Read Answer Asked by Anthony on February 27, 2020
Q: I would like to thank Steve for his additional comments on opening a TFSA for my grandson.
Read Answer Asked by Allen on February 27, 2020
Q: In regards to Bernie Sanders question even if he is elected president I think he will also need to get the Senate and the House of Representatives backing his proposed healthcare legislation which is far from a sure thing. Considering the difficulty Obama had in legislating the affordable health care act (AKA Obama Care) it remains to be seen how much success Mr. Sanders will achieve with his healthcare proposals. All that being said the market can and does act on emotions so a Sanders presidency could be expected to increase volatility in healthcare stocks. I agree completely with your position not to react to speculation on Mr. Sanders. I always want to ride out volatility. As an aside I doubt any one of us has read Mr. Sanders detailed proposals on health care so our opinions about his healthcare proposals are already an emotional response based on fears and sound bites...not a recipe for successful investing.
Regards,
Jim
Read Answer Asked by James on February 27, 2020
Q: Tricon announced results and to my untrained eye they look pretty good. One statement in the release caught my eye and am wondering as to the meaning of it. Below is the excerpt.

"In January, 2020, the company substantially completed its transition to an owner and operator of diversified rental housing in North America and therefore ceased to be an investment entity under IFRS 10.

As a result, effective Jan. 1, 2020, the company will begin to consolidate the financial results of controlled subsidiaries, including its investments in single-family rental homes, U.S. multifamily rental properties and certain Canadian multifamily rental properties, resulting in the introduction of these subsidiaries' assets, liabilities and non-controlling interests to the balance sheet of the company. Similarly, these subsidiaries' income and expenses will be reported on the company's statement of comprehensive income, together with the non-controlling interests' share of income.

The company continues to assess the impact on its consolidated financial statements of ceasing to be an investment entity, and final conclusions have not yet been made. The anticipated changes are material and will be applied on a prospective basis.

What does the fact that the company is no longer an investment entity under IFRS 10 and subsequent balance sheet changes mean for the company. Is this good or bad

Thanks Kenn
Read Answer Asked by Kenneth on February 27, 2020
Q: In light of the likely prospect that the economic effects of the corona virus will get worse, I am looking to reduce my over-weight position in the energy sector... please rank the four companies in terms of financial resilience to a significant drop in the price of oil. I know BIR is mostly natural gas and not sure how it would be affected. Thanks.
Read Answer Asked by Michael on February 27, 2020
Q: After this Q I feel the next 2-3 Q's will be challenging. I'm looking at CPX & AQN and wondering even for these utilities whether this year safer to put money into their preferred rather than common shares. Their preferred shares both pay 6%+. Between the two I believe you feel AQN better because of size, true?
Thanks,
Mark
Read Answer Asked by Mark on February 27, 2020
Q: I follow your balanced portfolio and have taken opportunities in the past to harvest a tax loss and replace with another company in the same sector. I have losses in CCL.B and MX. Considering NTR in the same sector. Does this seem reasonable or is there another non gold company you would recommend. If so CCL and MX are each currently a 2% position. Would you sell both and buy a 4% NTR position or just sell one. If so which one?
Read Answer Asked by Paul on February 27, 2020
Q: Peter and His Wonder Team
I own GMP. I guess this consolidation means that my share count will be cut in half. Management says that this consolidation is a great move. However the stock is crashing. Please give your assessment of this and what I might expect as a share holder going forward. Thanks!
Read Answer Asked by Ernest on February 27, 2020