Investment Q&A

Q: Hello team, I have an opportunity to purchase some Bam Cumulative Minimum Rate Reset Class A Preference Shares, Series 46. Has a coupon of 4.8%. Is this something to consider for a retiree. What are the pitfalls if any and what should I be aware of when considering purchase of a preferred share purchase? How will interest rates either US or cdn affect the share price? How long should one hold onto the shares?
Thanks for the great service

Q: In oil and gas I currently own ENB and WCP which gives me half of what I need in the sector. I was thinking of purchasing PKI and BIR to finish my position. Do you think these are good picks?

Q: Is it best to hold Canadian bank stocks in an rrrsp or tfsa, advantages or disadvantages?
With thanks. Rose

Q: Hi Peter and gang,

Would you please comment on ITP's bounce of just over 8% today. And going forward,is it still a buy or hold at this price. Thanks.

Q: Good Day. Great service. FTS-T or AQN-T for a 4 to 6 year hold. Which one will have the most growth and dividend increase? And why

Q: Hi Peter,
Any idea why Brookfield Infrastructure partners is going down? I was thinking of taking a full position of 5 % rather than diversifying with Stantec etc. Also, what is the reason for stocks such as Hudbay Minerals and Agrium to continue to go up and is this sustainable? I have noticed the canadian banks and insurance especially TD Bank and Manulife have gone up alot lately. Do you think it is time to trim them as they look over bought. Lastly, can you comment on why Ceapro and B2Gold are taking a hit. The big prediction was gold was going to go much higher after Trump, but all of a sudden, gold continues to experience declines. Thanks very much.

Q: I was looking at taking positions in these two companies. I plan on keeping them 3-5 years. I feel like the price in the short term will continue to drop. At what price point/ time frame do you feel would be a cleaver entry point? I imagine both are subject to a sell off for tax loss.

Q: I have a question about these medical devices/technology companies.Given an aging demographic,including Mr.Trump,that requires their devices,can you explain the drop in their share prices since the election?

Q: What is going on here? They seemed to have announced a PP for 3 million a couple months ago (unsure if it ever closed) then they announce another 5 million brokered PP/deal that is supposed to close at the end of November. I bought some at higher levels because I liked the organic growth. Should I hold on at these levels? What do you think of the company going forward?
Thanks

Q: can you please comment on the current relative attractiveness of Onex versus ....Bam.a

Q: Hi team

Could you comment on the recent earning by Pure Industrial REIT AAR.UN. I would think going forward their industrial exposure to the USA would be very positive for the stock if the economy takes off. The stock has fallen quite a bit since the recent earning release (I realize part of this is because all high dividend stocks have fallen). I am wondering if I should add more at these levels in a well diversified portfolio?

Stuart

Q: Think you missed the distribution increase for HR.UN "The trustees have approved an increase in the current monthly distribution per Stapled Unit resulting in a $0.03 annual increase to a total of $1.38 per annum."

Q: I have Ryan's read excellent article dealing with the impact of the US election on Canada.

However, I am somewhat bewildered by recent market activity - especially on the downside here in Canada.

The opinion has been expressed that interest rate incrases are/were already baked into the market. Can you quantify that in any way? e.g. 3-5%; 1-2% .... to what degree they are "baked in".

The reason I ask is that, it seems like all the media had to this week was mention the likelihood of inflation driven interest rate increases in the USA and sectors here like utilities and REITS took it on the chin.

How much more downside can we expect given the impact of just a few words about possible Trump moves to drive the USA economy when the decision(s) are made to actually increase rates in the USA?

Could this downward pressure be magnified if, in addition, we see US corporate taxes reduced and see some companies start to shift production to the US.

How likely is it that we are facing the prospects of a signicant bear market lasting a few years here?

Or is this a knee jerk reaction right now like Brexit that will likely reverse itself over the next few weeks?

Any light you can shed on this will be greatly appreciated.

Q: I have $5000 I would like to put into a pipeline and wondered if you could recommend something? Perhaps one that might benefit from a Trump presidency. Some income would be nice but not essential. They all seem to be dropping which is the opposite I thought they would do. That's why I need 5i. Thank you :-)

Q: Could you please provide an updated view of this company.

Q: KWH.UN has dropped quite significantly, even though they have declared a dividend increase and improved numbers all round last quarter (EBITDA, Revenue, Customer base, etc). Any reason for the drop that you can see, or is it just the run from Canada and income stocks. Would you rate it a buy at these prices for the income investor?

Q: Hi Peter and company
I am sitting on a load of cash with a watch list itching to go but I dont know when I should pull the trigger.Maybe now or wait till 2017?I buy only CAN stocks.Thought there might be a downturn but so far hasnt happened.
Peter N

Q: I appreciated your answer to Michael regarding SJ (which we hold in several accounts) and the effect that Trump's position on coal may have on SJ. I came across this quote when a google search about this topic came up with this: "Why Trump Probably Can't Bring Back Coal (or Kill Renewables Either") The reason, as this former coal miner stated is that, basically, coal isn't as competitive as it once was. He said: “Big picture, I would imagine the U.S. is slower to phase out coal than a president who would have retained the Clean Power Plan. I think coal power is not coming back in this country regardless of what regulatory changes a President Trump is going to make. Economically, it is no longer as competitive as it used to be.”

My own personal opinion is that we shouldn't make rash decisions about what Trump may or may not do. This would apply to stocks that 5i covers or has commented on, such as BEP.UN, and others.

I do appreciate the 'tune out the noise, level-headed advice' that the small retail investor consistently receives from Peter, Ryan, and the 5i team.

Q: A number of the companies that grow by acquisition seem to be under greater pressure right now. I was wondering, if we are now in a context in which interest rates are likely to increase, whether companies of this kind (and thus their stock prices) will be impacted in terms of their capacity for growth and their ROEs. Decisions regarding any given company require more detailed financial assessments, so your general thoughts are what I am wondering about.

Thanks for the wonderful guidance that you provide.

Q: Please comment on BOS results. If I sell, what should be a good replacement.