Investment Q&A

Q: Please provide an update, your over-all analysis, inside ownership, new CEO Patrick Goodfellow's reputation, stewardship and business acumen? Thanks

Q: Hi 5i, I like to have your view on SWY, I know it is in production stage and everything was ahead of schedule but the stock is in gradual decline, is there something wrong with production ?
Thank you for your advice. Motoi

Q: Hi,
I enjoy the question and answer page. Thank you.
I am considering a long term investment in an O&G royalty company. I have some O& G investments, mainly juniors. What is your assessment of these two?

Bryn

Q: I have been a longtime owner (10+ years) of PSI and ARX which are held in my RRSP. Their performance over that time has been ok but not stellar.I am considering selling one or both and replacing them with IPL,VET, or KWH.UN. I am more interested in income with reasonable growth at this point in time. Thanks, Joe

Q: What is your opinion of adding VVL & VMO in equal weight for a global value/ momentum strategy to my portfolio? Or adding just VVL... also could you comment on currency risk here since these products are not hedged to CAD.
Thank you.

Q: Empire appears to have rebounded from a bottom and is now drifting higher but without convincing volume. Have your sources found any good news? When does it report next? I'm thinking of initiating a small position.......tanks, Lionel

Q: COULD YOU TELL ME YOUR VIEW REGARDING THOSE ETF, FOR AN INCOME PORTFOLIO.(CBO - XBB - BXF )
THANK YOU.
P.

Q: What is your take on Karmin Exploration? How does this stock jump so much on so little news? How does someone invest or trade in something like this?

Q: can you comment on the potential investment merits of Pender Growth fund -PTF ON VANCOUVER

Q: Hi on Feb 9th you mentioned it was hard to make a case for owning RKN
today they announced their "New Strategic Plan for long term growth and sustained profitability" as the share price is now $1.20 do they look any better . No position currently
- Also the former CEO and current board member Lucas Skoczkowski sold well over 2 million shares in a black out period . Will this create any negative scenario for the company
Thanks

Q: I was wondering if you can comment on 4th Quarter results. Seems like a big revenue and EPS beat.

Q: Hi, Can you please provide your comments on Altus Group earnings and outlook. Q4 Adj. EBITDA/EPS was $22.1 mln/$0.38 slightly below the estimates of $25 mln/$0.42. Any specifics on this ? I am considering starting a small position. Thanks

Q: I have been considering moving to a larger percentage of cash (60-70%)
My concern is that with the proposed tax plan due from Trump next week that the market is thinking one thing and if it does not line up with what is proposed that we will see a dramatic fall.
Can I get your thoughts please.

Thanks

Q: May I please have your comments on Magna's recent earnings. Thank you

Q: I have held SYZ for sometime now and have become somewhat impatient. I would like your view of swapping it out in my TFSA for ITC? In particular your thoughts on risk/reward and future potential.

Q: Hi, I bought by mistake the ATB.A (the less liquid shares) instead of the ATD.B (the more liquid shares). Should I spend the $20 or so in transaction fees to switch to the more liquid shares? I am not sure that it is worth it given that I bought just 50 shares, but would like your take on this. Thanks!

Q: Surge increased its NAV to 5.47 per share and is currently trading below $3.00. What is your current view on the company and would you expect the stock price to trade at the NAV price.
If a stock trades at a discount to nav what is the usual discount for the sector. thanks Clare

Q: Can you please comment on recent earnings. Thx

Q: Hello 5i team,
Much is being said about protecting one's portfolio in the event of a correction; here is what I think.

Let’s assume that my portfolio is worth 100k, 5k of which is in gold (5% as you suggest).

If the market corrects by 10% and gold appreciates by 10%, the value of my portfolio would drop to 91k (85.5k equity, 5.5k gold); If I did not hold any gold, my portfolio would have dropped to 90k (or 1k less).

If the market corrects and gold appreciates by 20%, the value of the portfolio would drop to respectively 83k and 80k (or 3k less).

If the market corrects and gold appreciates by 40%, the value of the portfolio would drop to respectively 64k and 60k (or 4k less).

I conclude that holding 5% of my portfolio in gold does not provide materially significant protection in any of the above scenarios.

If one desires real protection in any of the above scenarios, 50% of the portfolio should be in gold; only then would the value of the portfolio remain intact.

Your comments are most appreciated,

Antoine

Q: You talk about sector and asset weighting based on an entire portfolio. If one's portfolio is say $50,000 and a 9% stock weighting is $4,500 is it worth the fees to sell and re-balance? Does the answer change if it's a long term holding? What if the individual is making regular contributions of $10,000 / year? Could they continue to hold that 9% position and reduce it over X number of years by investing in other assets?