Investment Q&A

Q: I know you are not a fan of market timing. However, with all the action coming from the Mueller investigation of Trump I can't help but digest and interpret the news as a tightening of the noose around Trumps neck. I've gone to 20% cash and might not be done yet. I've committed to sitting here until Mueller resolves one way or the other.

My question is how have markets reacted during previous impeachments (eg. Nixon, Clinton)? Obviously negatively, but to what degree and for how long? Would international equities be less effected?

Best.

Q: Could you please provide the NAV for MRC.
Thanks
Bob Rose

Q: Peter and His Wonder Team
I have heard several analyst on BNN say that no one cares about the oil and gas sector...that there is absolutely no interest in this sector. Therefore if there are no buyers the stocks will stay at rock bottom. Can you see any hope for long term investors of this sector? Thanks?

Q: My wife and I currently have 6.8% of our combined retirement savings invested in ENF. As we have made this acquisition quite recently, we are neither up nor down on this investment. We've just received the company's 2017 annual report and I'd appreciate your confirmation of a key financial metric, I see noted within the information we've received.

On page 4 of the 2017 Annual Report I see an indication that the company's Dividend Payout Ratio climbed from a level of 86.9% in 2016 to level of 96.1% in 2017. My first question is: Am I correct in understanding that the firm therefore paid out 96.1% of all it's net income in 2017?

The reason I ask that question is that the information we received includes a very clear statement of the company's intention to continue to raise their already very generous dividend by 10% in each of 2019 and 2020. They point to planned future projects, they seem to feel should make those targets eminently achievable.

If they are already paying out 96.1% of their net income, won't they likely need to grow that income by at least 10% in any year in which they might wish to increase their dividends by 10%; if they wish that dividend level to be sustainable over the longer term?

How likely do you feel their targets for income growth and dividend growth might be?
Please know that we can tolerate substantial swings (declines) in the price per share of this holding, provided we believe the dividends are both sustainable and likely to grow at least at the rate of inflation, going forward. Thank you!

Q: I have recently taken a full position in Enbridge and am thinking of taking another half due to the price being so deflated and the strong dividend. Should they cut their dividend do you think that would that take more than 15 percent off the price?

Q: I have held 1,000 shares in my RRSP since July 2013, and because of the dividend, have just now broken even. Should I take the company's tender offer of $24/share and redeploy, or cut and run?

Q: Hello 5I/Peter
I own BAC shares and all the bank shares have dropped on Friday with JPM & Citi Group reporting good earnings. What are your thoughts ?Are the bank stock a good sector to be in ?
Thanks
Claudio

Q: Hi Peter
Please help me understand.
In your column in the Post today you claim “our model could care less about the TSX” and as independent investors we are “ free to see to our portfolio far more diversified than the Canadian market”.
So why does the Income Portfolio only have 7 % outside Canada?
Thx Frank

Q: What are thoughts on KWH.un now? Would you buy in here? Am an income investor!

Q: Any reason the stock is not doing well inspite of a 9.1% increase in divident? Would you suggest adding to a half position? Thanks. Shyam

Q: Why would not GUD take a run at TH....both Montreal based cos. TH has 2 FDA approved drugs, one of which is life-saving and the market has not given this co a much better valuation. Plus TH has about 32 mil in cash and little debt!

Q: Hello Peter,
On your april 9th reply to QSR, the dividend that was indicated was above 3 percent; I am seeing a dividend of 1.9 percent on google. Any idea? Also, I am planning to keep QSR , GUD, SIS, ADW.A, Shop, and Spot as long term holds. Any concerns here? My weights range from 2 to 4 percent. Lastly, I I know you have had lots of questions on Knight, but from a shareholders perspective, are we not waiting along time to get some results that are meaningful to increase stock price? What are the analysts saying about Knight as I am sure their clients are not happy with the stock price. Thanks again for the great input.

Q: Gentlemen,
In your answer, there is a typo on the first SJ, I understand it is MX ?
We like SJ and it is showing excellent momentum. It might be a takeover target and earnings growth looks good. But.....it will act very differently than SJ and will likely be far more cyclical
Thanks
Best reagards

Q: Hi, Peter, Ryan can you comment on the consolidation of the shares of PLI. I received the voting instruction form today. I know 5i sold its shares but for those who held on what would your recommendation be at this point or what would be the best thing to do. Thanks, Nick

Q: ANET getting killed this morning down over 10 percent. probably in part due to the downgrade. Is growth story still intact or is competition killing it? still a buy/hold or is it time to sell?

TIA!

Q: What is your opinion of JPM and the latest results? Buy, Sell or Hold?

thanks, cathy

Q: Whats causing the current weakness?? Thx

Q: As a follow up to the Greenblatt's formula for selecting value stocks from earlier today, can you please provide a shortlist of your favorite large caps meeting or coming close the "value" requirements and are listed on the TSX?

Thanks

Q: HI could you please update your view on Trevali here? It looks like Zinc price is stabilizing. How to you view Trevali's update today versus predictions? It seems annual guidance is unchanged - is this a good entry point at $1.20?

Q: If I am correct, insiders own a lot of absolute software. What other companies would you recommend buying based on how much stock insiders own which would align them with shareholders and that is good value right now.