Investment Q&A

Q: What do you think of the Convertible Debenture issue announced today ? Thanks

2018-03-15 16:33 ET - News Release
Mr. George Paleologou reports

PREMIUM BRANDS HOLDINGS CORPORATION ANNOUNCES $150,000,000 FINANCING OF CONVERTIBLE UNSECURED SUBORDINATED DEBENTURES

The debentures will bear interest from the date of issue at 4.65 per cent per annum, payable semi-annually in arrears on April 30 and Oct. 31 each year commencing Oct. 31, 2018, and each will have a maturity date of April 30, 2025.

The debentures will be convertible at the holder's option at any time prior to the close of business on the earlier of the maturity date and the business day immediately preceding the date specified by the company for redemption of the debentures into common shares at a conversion price of $182.51 per common share, being a conversion rate of 5.4792 common shares for each $1,000 principal amount of debentures.

Q: Mr. Hodson, there are all sort of negative comments regarding GUD on the Stockhouse website because of the weak stock price. Shoud one disregard those comments ?

Q: Peter; I’m assuming you meant RHT and not RGT in reply to Jean- Bernard’s question on COV ? Rod

Q: what type of stocks would be less impacted by trade negotiations I would guess gaming stocks and gold? i would appreciate your input thanks

Q: Rates dropping by 5-9% is going to make ENB's debt worse, of course. Is that getting to be a worry? When does it come into effect? Thank you.

Q: Hi Team, A friend told me that Algonquin Power is taking on debt to pay its dividend. I’ve looked at some cash flow metrics and debt metrics and I can’t see how that determination was made. Have you any thoughts on how to assess the validity of this claim? Thank you. Michael

Q: I'm looking for a basket of 3 growth stock for my TFSA. Looking for good momentum and a 2 year time-frame. I was thinking of COV as one of them. Thanks.

Q: OK so if the ruling is enforced what is the implication for ENB?

Q: What do you think about Magna and Lyft plan? It seems to have increased the stock price. Is Magna too expensive to buy today?
Thank you

Q: Please comment on k-Bro's results. Are these numbers in line with expectations. I know they incurred a lot of costs with aqquisitions and moving facilities, but the numbers still look a little soft.
Cheers,

Q: There have been a million questions on this stock which has been virtually decimated. The price now is at Sept 2016 levels when revenues were way lower than the current revenues. So can you please list out the pros and cons of this company, possible market penetration, competition, management credibility and their ownership. What would be next catalyst for this company which will drive the price. Do you think there would be some company who would be really interested to buy them. What should one do if they owned this as a 5% position in the portfolio at average price of 65 cents. Thanks

Q: what is wrong with this stock. seems too cheap to sell. any good advice thanks bill

Q: I have a question about 1054 what do you think about current offer. sell or hold. thanks bill

Q: Earnings didn't seem so bad. Is there another reason for a 23% drop? I'm down 62%. Should I hang in?

Q: Please provide your thoughts on their reporting today. Are there compelling reason to continue with a 4% holding for growth for another 3 yr period? Please suggest other options., and would GSY be one of them. Thanks.

Q: Good morning. Looking to add a few stocks (services, financial, utilities) for 5+yr hold with growth and income. EFN, AD & ENB are my front runners, respectively. Could you suggest one other alternative to each of those three that you would recommend? especially interested in your opinion on EFN today with their earnings news. And what is EFN payout ratio? great service thx. I am 35 years of age with higher-risk tolerance.

Q: Can you please expand on what will happen to shareholders in case of privatization?
Thanks

Q: does the decline in stock price today reflect the earnings report and is it deserved and would you buy more here— overweighting not being a criteria for me. dave

Q: Could you discuss the financial results and provide your opinion on going forward.
Thanks

Q: Never mind my question as I have the reason for the decline:
FERC Revises Polices, Will Disallow Income Tax Allowance Cost Recovery in MLP Pipeline Rates

The Federal Energy Regulatory Commission (FERC) today responded to a federal court remand by stating it no longer will allow master limited partnership (MLP) interstate natural gas and oil pipelines to recover an income tax allowance in cost of service rates.

The U.S. Court of Appeals for the District of Columbia Circuit in United Airlines, Inc. v. FERC, (827 F.3d 122 (D.C. Cir. 2016) held that FERC failed to demonstrate there was no double recovery of income tax costs when permitting SFPP, L.P., an MLP, to recover both an income tax allowance and a return on equity determined by the discounted cash flow methodology.

The Commission today acted in response both to the court remand and comments filed in response to an inquiry issued after the court ruling. FERC will now revise its 2005 Policy Statement for Recovery of Income Tax Costs so that it no longer will allow MLPs to recover an income tax allowance in the cost of service.

The revised policy statement explains that, while all partnerships seeking to recover an income tax allowance will need to address the double-recovery concern, the application of the United Airlines court case to non-MLP partnerships will be addressed as those issues arise in subsequent proceedings.