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Investment Q&A

Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.

Q: I'm interested in taking a position in aqn. Is there any financing overhang? I don't want to buy the stock at 10.50 and then find out they are going to the market for financing at $10. Thank you.
Read Answer Asked by Eric on March 01, 2016
Q: Is this a good stock to purchase considering that i would hold it for 5 to 10 years? I like the brand name recognition in the online payment processing market.
Read Answer Asked by Grant on March 01, 2016
Q: Good Day. I see that on the web site the net asset value of this fund as of Feb 26 is 2,083,335,121 and the size of the fund is 2,168,960,870. What is the distinction between these two numbers. Thanks again.
Read Answer Asked by roland on March 01, 2016
Q: In general what are the tax implications of investing in US markets.
Thank You
Read Answer Asked by Peter on March 01, 2016
Q: For an investor not sure if they will retire in 10, 15, or 20 years with no need for funds before then put definitely needing growth in order to retire, what portion, if any, of a portfolio would you put into fixed income. I can tolerate portfolio losses. The way I have been constructing the portfolio is to have about 30-40% in more solid dividend growth stocks such as BNS, BIP, JNJ, POW, etc. I have considered this more of the 'fixed income' part of the portfolio although I know that this is clearly not investing in debt instruments. I would appreciate you comments. Lets assume the 15 year scenario for simplicity. Thanks for the help!
Read Answer Asked by Derek on March 01, 2016
Q: Hello 5i, Can I get your analysis on Richards. One thing I noticed going thru the financials is that the distribution is a return of capital and not a dividend. Could you clarify that as well and the implications on my investment as I understood it to be them simply returning my money as opposed to getting a dividend from profits. Thanks
Read Answer Asked by pietro on March 01, 2016
Q: Thoughts on earnings release? Still like them? Many thanks
Read Answer Asked by Mark on March 01, 2016
Q: Hi Team,

Currently rate reset prefs have been completely hammered (for obvious reasons). However, at this point should they be considered more compelling over the long term? Even though interest rates could certainly go lower, over the next 5 years I would expect the average interest rate to either be at or above where we are today. If that is a realistic expectation, then should there not also be some capital gain potential with these type of prefs?
Read Answer Asked by Brent on March 01, 2016
Q: i understand why reset preferreds have generally taken a beating for the last year or so but I don't understand why those with generous reset rates such as Efn.pr. at 4.71 points above the bank rate also get dragged down. I would have thought this would have lessened the blow somewhat. Can you educate me on this?
Read Answer Asked by Mark on March 01, 2016
Q: For fixed income, 5i often recommends CBO but rarely CLF. For example, there have been 6 questions this February for CBO but none since last November for CLF. And yet, it strikes me that CLF is a better value. Over the last year, when you consider the decline in NAVs and average the distribution yields, CBO has returned about 0.6% to CLF's 1.4%. When you consider the better quality holdings (only AAA in CLF), isn't CLF a better choice for fixed income?
Read Answer Asked by richard on March 01, 2016
Q: I do not understand-to buy Enbridge now or wait? Thank you.
Read Answer Asked by M Anne on March 01, 2016
Q: Do you think this is a good time to take a position in TSO3? The share price is up since the recent press release. Thanks.
Read Answer Asked by Gerald on March 01, 2016
Q: In a response to a recent question, you said that you could see Cannacord increasing by 50% or more in value with better capital markets. My question is this. Do capital markets usually improve before the price of oil increases (as I assume CF is largely dependent on activity in the oil patch) or after an increase or could a continued lower price also stimulate activity as the strong take out the weak? Guess I am wondering what type of catalysts to look for when deciding whether to continue to hold this.

Appreciate your insight.

Paul F.
Read Answer Asked by Paul on March 01, 2016