Investment Q&A

Q: I hold ENF for income. Given this assessment, is it best to sell now? (I'd hate to see the share price decline if I wish to sell.)

" Analysts await Enbridge Income Fund Holdings Inc (TSE:ENF) to report earnings on November, 2. They expect $0.49 earnings per share, down 7.55 % or $0.04 from last year’s $0.53 per share. T_ENF’s profit will be $72.09M for 16.40 P/E if the $0.49 EPS becomes a reality. After $0.52 actual earnings per share reported by Enbridge Income Fund Holdings Inc. for the previous quarter, Wall Street now forecasts -5.77 % negative EPS growth."

Q: It appears that what Peter has anticipated for CXR is about to occur. Financial Post reported earlier today, in part: "Following previous efforts to retool its capital structure, Concordia is beginning a court proceeding under the Canada Business Corporations Act (CBCA). The company hopes to reduce its existing secured and unsecured debt obligations by more than $2 billion."

Q: Sorry, guys. One last follow up regarding Northland and Algonquin. I should have clarified, Investor's Edge shows consensus eps for Northland in 2107 is $1.07 growing to $1.46 in 2018 and consensus for Algonquin growing from 66 cents in 2017 to 73 cents in 2018.

I mentioned in my previous question that the above eps numbers were CIBC's Investor's Edge, when in fact they were the consensus numbers as reported by CIBC.

I suppose that doesn't change the fact it appears that Bloomberg is showing different consensus numbers, but I just wanted to clarify my previous statement.

Thanks again and sorry for the confusion.

John

Q: Users in metallurgy industries see a massive increase of the cost of graphite. Are there ways to invest in this trend? Who is benefiting? Thanks.

Q: I acquired a small position in Chemours when it was split off from Dupoint. I have watched as it grows with great momentum. Do you think it wise to expand my holding to a full position or has it run a bit ahead of itself at this point? As always, thanks for the consistently great advise.

John

Q: DHX Media is down more than 10% this morning. Any thoughts on the cause? Thanks

Q: Hello

I had bought LAC as a speculative buy last year as a play on the changing dynamic in the auto/energy sector. It has a run up a lot recently hitting new highs again today I believe. Do you see anything specific driving the recent movement? I am trying to weigh Letting a winner run with the fact it looks a little overheated and wanting to be invested in this theme for the long term. Thanks

Q: i own a few lithium companies, and they have been moving higher, but today they went nuts, a good nuts on huge volume.i cannot find a reason i checked everywhere, do you know. thanks dave

Q: What are your thoughts on bloc.v? Up significantly yesterday, huge run YTD.

Thanks,

Eric

Q: I would appreciate your updated view of Baylin. Does the recent filing of a "Preliminary Base Shelf Prospectus" indicate that there will likely be further equity dilution?

Thanks!

Q: Hi, can you please analyze rti, radient technologies. They have an interesting exposure to the cannabis industry and perhaps a good way to play it. Please provide info on future revenue growth and thoughts on technology. Thanks.

Q: I have a lot of cash in both of my RRSP's My overall portfolio is VERY diversified and I am only looking for ideas that make sense to put in my RRSP for tax reasons.

What 6 companies would you reccommend as making sense to put into an RRSP at this point in time.

I will be RRIFing in a couple of years, if that makes any difference.

Thanks

Sheldon

Q: Hi Team,

I would appreciate your current thoughts on CRE.

Thank you

Q: I currently own a 3.5 % position in celgene. Yesterday's accouncement of a failure to proceed to a phase 3 drug trial has led to two analyst downgrades. The stock is down 6 percent pre market. Would you be comfortable, at this moment, to top up to 5%? Or do you see more downside for the company, and would prefer to let things settle.
Thank you
Karim

Q: Hi guys.

Just a follow up on Raymond's question regarding Algonquin Power (AQN) and Northland Power (NPI). I believed you stated that Algonquin has a better growth profile than Northland. However, CIBC's Invstor's Edge shows Northland eps going from $1.07 to $1.46 from 2017 to 2018, while Algonquin's eps going from 66 cents to 73 cents.

Are my eps numbers wrong?

Thanks.

John

Q: With the miss and the weakness in the stock would now be a good time to take a long term position or would you see more pain and possible div. cut.

Q: Regarding asset allocation, I need to do some trimming and adding. I need to trim RY and use the proceeds to add to ZWE. In a perfect world, I'd like to nail both dividends, so I wanted to bounce the plan past you.

The ex-div date for RY is Oct 25 and the ex-div date for ZWE is Oct 27. So that means I would get the RY dividend if I sell on or after Oct 25. I would get the ZWE dividend if I buy on or before Oct 26. Did I get this right? Thanks, Steve

Q: Hi 5i:
Thank you for the continued great advice, insight, and the opportunity to renew at the existing membership rates.
I would like your opinion on an article in the Globe and Mail last week – Scotiabank’s AT1 security a hit; other banks expected to follow suit.
BNS issued 1.25B$ internationally through a sale of a new hybrid security that has many of the attributes of a preferred share, but is legally classified as debt. This note qualifies as additional tier 1 capital, pays interest at 4.65% for 5 years and floating thereafter, has no scheduled maturity and converts into equity in times of distress. The new hybrid security also gets around the 25% tax on any passive income generated by investors who are not resident of Canada.
There are more details in the article.
If other banks follow suit what do you think will be the effect on the retail rate reset preferred share market in Canada? Would there be a probability of the banks redeeming their preferred shares currently issued when the first redemption option comes due and replacing with this new hybrid instrument?
Thank you.

Q: Peter listed Celestica as a top pick on BNN market call. Based on what was reported by BNN in text, it was not mentioned that ONEX controls CLS with 79% of all votes. Do you believe that such control affects suitablility of CLS as an investmwent?

Q: My wife and I are retired and are income investors. We are considering reducing our 35% bank exposure. These investments have done very well over the years and we do not want to reduce the quality of our portfolio, but think that perhaps a little more diversification would be desirable.

We are looking for one or two non-large-cap Canadian companies with a growing dividend/distribution preferably greater than 3.5% for a very long-term if not forever hold. We want to avoid more financials, utilities, and retail, office, industrial, and apartment REITs.

Some possible purchases we have identified are: KPT, ITP, CSH, ZCL, AGU, BIP, HLF, BEP, UFS, BPF, AND NWC.

What do you think of reducing our exposure to banks and buying some non-large-cap companies?

What do you think of our list of possibilities? Do you have any other suggestions? If you have two or three good candidate suggestions that would be great.

As always, thanks!