Investment Q&A

Q: Hi, I am curious to understand market reaction to ALA's possible merger talks with WGL Gas utility. Some of your comments suggested that ALA shareholders will welcome the news and price could go up resulting in increase of our portfolio holdings in ALA. Market seems to think otherwise, as reflected in 5% drop in ALA price in the morning trading. WGL price , on the other hand shot up 6%, yesterday and even higher today. I understand that WGL is a gas utility, which could result in a lower price multiple for ALA, if there is a merger.Financing concerns, issue of new equity could be another concern, you think? How is it compensated with the highly accretive nature of the transaction ?

I would greatly appreciate your insight.
ALA and IPL are my midstream holdings and added ALA this morning on weakness, for stable income and some growth in future.

Q: Is there a US bank ETF you would recommend? Or would you prefer owing one or two banks instead? if so, which ones?

Ray

Q: It seems to me Open Text is one of your top technology stock pick now, and I like it very much too. The only problem for me is that the company seems like to be paying too much to stock price and playing trick with the stock price. It has a split last year, and now it is splitting again. This is in stark contrast with companies like Google, Priceline, Amazon, not to mention Birkshire, etc. Is this a warning sign? I mean two splits in less than a year.

Thanks

Shaun

Q: Asian TV seems to be generating some interesting $ numbers. That along with a recent dividend of over $6. What is your view of this concern specifically and the media market and future generally. Thank you

Q: Any idea what is up with CIA this morning?
Thanks.

Q: Hi there, as part of the new year, I have rebalanced my portfolio with all names in the BE Portfolio with equal weighting. By reading through other's Q&A's and I've broken it down into the following accounts:

UNREG: BNS, SLF, WSP, T, PKI, CGX, ENB
TFSA: CSU, SIS, PBH, KXS, NFI, CXI, TOY, SYZ
RRSP: ATD.B, CCL.B, SJ, WCP, MX, AEM, MG, ENGH

I believe I read you are considering moving a name or two from the growth portfolio over to the BE Portfolio so I have a little bit of cash in my TFSA to make that purchase when the time comes. Based on my breakdown, are there any names you would swap around for maximum portfolio returns?

Thanks so much for your help and for everything your company does!

Q: Given the approx. 5% drop in ALA's price due to a likely merger, would this be a good buying opportunity? Also, why would this (and other stocks) drop when a merger looks to be accretive long-term unless they take on a ton of debt?

Q: Hello team,

When does CSU reports and what do you expect?

Where do I look for this information so I won't bother you next time.

Thanks!

Q: chh. in 3-5 years do they have an ok chance of having stronger cash flow as they trim down their debt and possibly implementing a dividend. they look to be in a good growing sector, your in depth thoughts please.

Q: Please provide your opinion of AGT. Looks reasonably priced with PE just below historical average. It also seems to be in a low/medium risk business with good fundamentals.

Q: Morning,
I have no position on gold sector except some SLW. Your suggestion is greatly appreciate.
As always thanks
Tak

Q: Your thoughts on Grande West Transportation and any others in the field that might be interesting. And what do you think of NFI?

Q: What are your current thoughts about Encanto Potash? More news was released about their offtake agreement with India. What do you think is holding the stock back and where is it likely to go from here?

Q: Your thoughts please

Q: BNN aired an interview with the CEO of this evolving, multifaceted energy, solar etc. company. She said a lot of the right things. With its 7% dividend, international exposure and growth potential, what is your concise up to date overview of this changing consumer energy player? Thank you

Q: Good Day Everyone I currently own Box purely on the recent price action. I am trying to understand their "competitive advantage". Does it seem to you that they might have anything significant. Thanks John

Q: Hi Peter and Team,

In our portfolios (TFSAs, RRSP, RRIF, and Margin, we are moderately overweight in ATD.B, CCL.B, and KBL; (about one and a half positions in each) and are somewhat more overweight in CSU (slightly over two positions).

In the case of KBL, it has come down over 15% over the last year, so would it be prudent to reduce its weighting (we're still up)?

Should we keep the slightly overweight positions in ATD.B and CCL.B?

There was a recent article in the Globe pertaining to CSU by Andrew Willis "A Canadian firm's strategy for deals finds new roadblocks". Possibly the premise of this article isn't valid, but due to having a bit more than two positions with CSU, would it be wise to take some money off the table here?

It's so hard to sell shares in good companies!

Thanks in advance for your valued recommendations.

Q: I have 21 holdings in my RRSP. All dividend payers and am interested in diversity,safety and income. I have 5% USA and 6% CDN bonds the balance are CDN equities. With the unclear future going forward what do you think my weightings should be for diversity and can you suggest some emerging market holdings.

Q: RY.PR.R - I am up on this reset pref and the first YTC is now ~3.3%.
Do you have any sense of whether it will be called or reset.
If it is reset I am happy to hold, otherwise I would move on to a higher yield.

Q: Would you be able to provide the rates of return of the ten sectors of the TSX for 2016 please? Do you expect similar returns by sector in 2017?