Investment Q&A

Q: My question is about the Enbridge preferred share ENB.PF.V. I received notice that I have the option to convert my cumulative redeemable preference shares, series 5 to series 6. The series 6 annual dividend rate is 6.7%. If I do not exercise this option then the preferred shares will remain as series 5. The letter I received does not state the consequence of not exercising my option. I’m guessing that if I keep my series 5 preferred shares then the annual dividend rate will remain at 5.4%. Is that correct? Thanks … Cal

Q: Good morning,

Just trying to add a few ETF's to boost my yield and add to my diversification. I have a nice base of dividend growth stocks and what to offset them with a little bit of ETF's.

ZSP and SMAX....Is there a lot of overlap or can one own both?

Thanks
Jimmy

Q: Can you explain the difference in yield from different sources. eg USCL.TO pays .23 per momth which yields a forward looking annual yield of 13.4% based on todays price of 20.60. The 5I portfolio tracker comes up with the same value. Yet RBC Direct investing shows 7.8% and Yahoo Finance 6.5%. I suspect the former is forward looking and the later two historical. This seems to be a trend with ETFs especially new ones.

Q: Can you comment on FSV earnings. Slight miss on earnings but a beat on revenue. market is down of news. what are your thoughts going forward

Q: I have a small position in Archer Exploration from the Wallbridge spinoff. I am thinking of increasing my nickel exposure. When I consider Canada Nickel it seems to have a much higher valuation. What am I missing ? I believe AEM has investments in both companies.

Q: What do you think of these ETFs? They seem to hold mostly the same stocks and have roughly the same performance - which is good. Where would you put them on the risk scale?

Q: Water as a sub-sector allocation to materials. Looking for company and ETF candidates for further research in both NA and International.

Q: Morning 5i,
I woke up to an unpleasant news release this morning, that being GXE announcing that its strategic review has come to an end with nothing - absolutely nothing - to show for it.
I've been holding a substantial number of GXE shares at a considerable loss, waiting for the review to conclude in the hope there would be news that would put me in a better position. However, just like the CTS strategic review debacle, it seems to have led nowhere., and quite possibly just further reduced shareholder value.
It appears that none of the producers out there with bags of cash think the GXE assets are worth adding to their stables, so how can they be worth much?
Is there any light in this tunnel and I just can't see it, or is GXE destined to languish at its current very low share price for a long time to come, (especially given the apparent likelihood that even $90 oil, if we ever see it again, is a long way off)?
Dump it and move on, or hold to see if there's any upside that the market identifies out of this colossal waste of time that I'm presently unable to discern?
Thanks 5i.
Peter

Q: Do you have any ideas on why DRX jumped 10% yesterday? Thanks.

Q: How recession-resilient would you see WELL - especially in an abnormal, more prolonged downturn ? How would you compare this company's resiliency relative to that of other small and mid-cap companies ? Could you please also compare specifically to LMN ?

Q: Hello
Are you aware of a weblink to reference the above ? Historical prices and P/Es for North American indices

Q: Hi 5i Team,
I understand that interest on loans used to purchase non-dividend paying investments, e.g. stocks, crypto, etc. is not tax deductible. But can I include the amount of interest so paid as a part of my cost base for the purpose of calculating capital gains on disposal of the underlying investments?
Cheers,
H

Q: I have a many tech stocks in CDRs (msft.ne, aapl.ne, amzn.ne, goog.ne, nflx.ne). I’d like to slowly switch these to USD for more diversification - and because the holdings are big enough in some cases a sale would be ~1.5-2% of daily volume. This leads me to two questions - and I understand there is no crystal ball.

1) Is there a level of holdings / daily volume where an investor should make pause?

2) USD appears more expensive than usual and while short term may trend more expensive longer term there may be discounts. Given any headwinds would you consider converting to USD today or wait for better timing ?

Q: Hi. I have an RESP for three grandkids, ages 5, 7 and 9. Current holdings that I'm underwater on are: AEM, BCE, BN, NTR and TVE along with these: ARX, BAM, CSU, ENB, RY, TD and TOU. I'd appreciate your overall comments on account re sector allocation and any obvious sells. As well, I'd like suggestions on how to deploy $7000 cash. Thx.

Q: I own a considerable amount of HYLD, but question the use of 25% leverage. I am considering switching to SMAX, but am wondering if they are so similar, that it is not worth switching.
Could you offer me your opinion on which one you would prefer for an income orientated senior investor.

Q: I have this security In my TFSA, sitting at a 78% loss. It now represents 0.25 % of my portfolio.

I am very comfortable financially and do not foresee having to withdraw from my TFSA in the next 20 years.

Other than it being en eyesore, do you feel there is an opportunity cost that comes with continuing to hold it?

How would you proceed, keep it for fun and see if it runs, or sell it?

Thank you.

Q: Hi Peter,
Can you rank (and why) these three stocks for a +5yr hold in terms of risk/reward?


Thanks

Q: Can you provide an analysis of the fundamentals of this company ie debt,valuation,growth, safety and growth of dividend etc. It appears to be breaking out technically and the long term price chart is up and to the right.
Your opinion on initiating a position.

Thanks very much

Q: With steel prices having moved up a fair bit over the last few months, I have been surprised at the continued weakness in shares of STLC. Now down to $40. The company paid a $3.00 special dividend in each of the past 2 years, and also pays a regular 42 cent quarterly dividend, so a trailing 12 month yield of 11.5%. Solid balance sheet. What do you think of it at this price, and is there an earnings forecast for 2024?

Q: I hold LMN and CSU and need to trim back LMN. It's been great but now at 6% I think its prudent to reduce to 3 or 4%. Looking for suggestions of what to do with the proceeds. Thanks John