Investment Q&A

Q: Some analysts of the stock list equity dilution as a risk to shareholders looking forward. What could be the cause(s) of significant equity dilution. Does their strategy for expansion in aircraft leasing call for serial stock issuing or ?
Hugh

Q: It has been noted that AD is fighting CRA on their taxes for the last ten years and that a potential tax reform problem with the US is present as per the statement below in the MD&A for Q2 2019.

“In December of 2018 the U.S. Treasury issued proposed regulations which provided administrative guidance and clarified certain aspects of U.S. Tax Reform. The proposed regulations are complex and comprehensive, and considerable uncertainty continues to exist until the final regulations are released, which is expected to occur later in 2019. As these proposed regulations have not been enacted as at June 30, 2019, their impact has not been reflected in income tax expense. However, if the proposed regulations are enacted as currently drafted, certain provisions could be effective commencing January 1, 2019. Based on the Corporation’s current capital structure, the resulting increase to income tax expense of the Company for the period ended, June 30, 2019 would be an increase of approximately $5.5 million.”

Are you aware of any cash provisions the company made for this?

Would appreciate your analysis on both these potential tax implications.

As always much appreciated
Thank-you

Q: I liked the concept of this company and hold some shares that just seem to bounce between 2.10 and 2.50.
Is the company improving?
New accounts/assets? In many countries local currency is a wild ride, you would think this would appeal to them or are there easier ways of solving the same problem and this company is a solution to a problem that doesn't exist?

Thanks.

Q: Good afternoon,
Do you happen to know /think the recent declines are tied to selling of " cheap' stock by the principals when would this show ( ie reported) as insider selling?
Thank you.

Q: ATZ looks profitable and is getting noticed by analysts. Have you reviewed this company. Any concerns?

Q: What's the support price level for Lspd? Would you top up to full position? Thanks

Q: 3 part question
1. Are the dividends paid by AW.UN and BEP.UN eligible for the Canadian dividend tax credit ?
2. How safe would you consider the above 7 dividends stocks given the large payout ratios?
3. Do you favor calculating payout ratios using free cash flow?
Thanks
Jeff

Q: Hello 5i team,
How does Enerflex look at these price levels and metrics for an entry point ?
I read that much of their business is U.S and Global based, so less exposed to Canada.

Q: If i was looking for a company with 'picks and shovels ' exposure to the chip space, would you recommend PHO or ASML?
Thanks.

Q: Any suggestions where one could obtain the credit ratings on Canadian Companies? Tx.

Q: Your comments on Springworks as a speculative investment in healthcare please. Apparently Pfizer owns a chunk.

Q: Would like to take a position in either Aspen Technology or Verisk Analytics. Any advice of which one would be your preference and if you think it's an investment with potential for 2-3 year hold. Appreciate your exceptional service.

Q: Considering all the companies involved and getting involved in streaming: NFLX, Amazon Prime, ROKU, DIS, APPL Comcast, FB - which is your best pick or is there an ETF one could buy?
Thank you.

Q: I have owned this Canadian Small/Midcap in my RRSP since 1995, but in the last few years it was switched to this TML3892. It is way down and I am in the process of replacing my high MER mutual funds with efficient ETF's. What is your opinion of hanging on until it recovers $2 to $3 dollars versus selling it, and what would you recommend instead?

Q: What do you think about the competitors of lightspeed ? Do you believe lightspeed has a better platform and is there a "moat" around their products ?

I see a lot of restaurants particularly the ones in the MTY group (baton rouge) using Maitre'D solutions, which is a direct competitor of lightspeed.

Thanks

Q: Please provide any updates you may have on Reliq Health Technologies (RHT). The stock has climbed recently. Thanks 5i

Q: I bought Square in October last year after the CFO left. I’m down on the stock but still like it. Because the rest of my portfolio has risen this is now slightly <1% position. I want to add to the position up to 2% but don’t want to throw good money after bad. How do you like square over the next 5 years?

Q: Just a comment to add to the Dream questions. It should be noted that Dream has suspended its monthly distributions effective immediately (last distribution Sept 16), and this should be taken into account when looking at the current price v take-over price, particularly if the closing doesn't happen for a few months.

Q: Good Afternoon,
Unfortunately I'm stuck holding flow capital which previously was LOGIQ and prior to that was Aston Hill. I understand they have sold the asset management component back in the spring to Ninepoint Partners( previously Sprott)?. Looks like Flow Capital is changing direction and I received notice of a dutch auction as they want to buy back some shares. Any future in this company? I'm way down on this from years ago dating back to the Aston Hill days. Is this worth holding on to?
thanks

Q: Dear 5i,
I currently own TOU and VET and wish to purchase two more stocks in the same sector. Can you please recommend two more high quality stocks in the same sector that would complement TOU and VET. I will equal weight all 4 stocks in my portfolio.

thanks very much for your advice