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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: My life is increasingly shifting towards the U.S. (grandchildren live there and my wife is a U.S. citizen and we spend six months ever year there, with more time likely). as such, the U.S. dollar plays a bigger part of our lives. Added to that is my bearish outlook for the Can. Dollar and my belief a recession is becoming more likely. In the event of a global recession, is there any credible scenario in which the Can. dollar would appreciate vs. the Greenback. And could you provide any historical data regarding how the Can.$ fares vs. the U.S.$ in a recessionary situation.
Read Answer Asked by Kyle on June 05, 2018
Q: My apologies - I forgot to say that I was looking to invest in that thesis with US stocks. I'd like to invest in the thesis that low-mid level income earners are going to start having more income based on a resurgent economy, lower taxes, and a very tight labor market along with reduced immigration. Can you suggest 3-4 companies that would really benefit from this scenario?
Read Answer Asked by Rick on June 05, 2018
Q: I see a lot of sites that end with 'do your own due diligence' and while I understand the suggestion and concept, I don't have any idea what the steps are. Can you help me with a step by step DD?
Read Answer Asked by Gregory on June 05, 2018
Q: Could you please clarify what exactly "we think it's good for income mainly " means ? For instance, I'm currently down 16% on CGX, are you saying based on your current opinion I'll have to wait close to 3 years to break even based on todays yield? I struggle with giving companies time to develop business plans, while looking at lost opportunities elsewhere, reading "mainly good for income" makes my sell finger itchy.
Read Answer Asked by Charles on June 05, 2018
Q: Hi 5i,
For Altagas, assuming that the WGL acquisition is completed successfully, and that no material additional business divestment is required in connection with the pending final regulatory approval, can you estimate what the implied funds from operations would be, on a ‘per share’ basis, of the combined entity (so after the conversion of all of the subscription receipts to common shares) and compare that to the FFO per share from ALA’s most recently reported year or quarter? I’m wondering if the WGL acquisition is expected to be accretive on that metric or whether the growth platform WGL is expected to provide would have to be proven successful before the profitability of the merger might become apparent.
How would you anticipate the shifting of ALA’s business mix to relatively more US-based business and a relatively larger regulated utility component might impact risk perceptions in the debt market (i.e. credit rating and cost of capital) and the equity market (business enterprise risk, current dividend and dividend growth plans). If those impacts would tend to be positive, what might be the most significant potentially offsetting factors (e.g. maybe debt metrics, rising interest rates, or the relevant regulatory authorities)?
Thanks!
Read Answer Asked by Lance on June 05, 2018
Q: When you speak of 5% as an optimum weight for a stock holding are you calculating that on the total portfolio or on the part aside from the fixed income? For instance, with a portfolio of one million with 50% fixed income and 50% eqities, would the 5% max per stock apply to the one million portfolio or the $500,000 after the fixed income had been split out?
thanks very much
Read Answer Asked by joseph on June 05, 2018
Q: I will be on holiday for a month in July, and rather than selling and going away I was considering increasing my positions in solid blue chip stocks. Canadian and US financials have not done well recently. What about Visa and MA? Any other suggestions?
Read Answer Asked by Kurt W on June 05, 2018
Q: Hello 5i team,
I have just turned 75 and can no longer fathom to have all my RRIF invested in equities; since I have made 15% compound p.a. in the last 10 years, I don't mind getting a lower return in the next 15 years. I have therefore decided to have only half the portfolio in equities.
The following are the equities I own; could I be so bold as to ask you which 20 of the 38 to hold?
Consumer discretionary BYD.UN, LNR/MG, NFI, TOY
Consumer defensive ATD.A, DOL, PBH
Energy ENB, KEY, PKI
Financials BNS, SLF, TD
Health GUD
Industrials CAE, CNR, SIS, WSP
Materials CCL.B, MX, SJ
Technology CLS, CSU, DSG, RNGH, GIB.A, KXS, OTC, PHO, SHOP
Real Estate CIGI, FSV, TCN
Telco BCE
Utilities AQN, BEP.UN, BIP.UN
Looking forward to your response; please deduct as many credits as you deem appropriate
Antoine
Read Answer Asked by Antoine on June 05, 2018
Q: Hi,
I purchased a small starter position in SPOT a few weeks ago. I know 5i sees a lot growth potential with Spot and it has a high valuation. Lately I’ve read lots of bearish views on this company. What sets them apart from all the competition and free music available? I realize they have more users, international following, playlist sharing, and ad revenues. What am I missing that google, amazon and Apple don’t have or can’t replicate? What sets them apart from the competition?
Thanks,
Kerri
Read Answer Asked by KERRI on June 05, 2018
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