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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: what is your appraisal for Microsoft. short and long term. thanks
Read Answer Asked by chet on January 04, 2016
Q: It is my understanding that as of January 2016 the "private equity market" will now be available to all investors not just "high" wealth investors.
Could you comment of this change and whether or not ordinary investor's should pursue this opportunity?
Read Answer Asked by shirley on January 04, 2016
Q: Hi,

I currently own HCG as part of my "financial" stocks. It is currently at about 2% of my holdings. I also own BNS (4%) and SLF (4%) as part of my financials. My target for financials is 12% (max 3 stocks). I also own HR.UN in about the same weighting for REIT exposure.

At today's prices, would you suggest increasing HCG to a full position (4%), sell it and switch to something else (ie. EFN or CXI), or do nothing?

Thank you

Read Answer Asked by Mike on January 04, 2016
Q: My experience with these funds in the last few years is that at maturity I have received about
3% less than what I paid. I assume that the interest paid makes up for the 3% and then some, but the damage such as it was was done and I didn't bother to reconcile it.

I was trying to keep a 3 year ladder for withdrawals from a RRIF. I have since moved on to HFR and CBO. This year I may put a year's worth of withdrawals in an ISA
Read Answer Asked by Leonard on January 04, 2016
Q: What is the dividend payout ratio currently?
Also, what is the book value per share and how does this compare to US business development companies?
Thanks!
Read Answer Asked by Michael on January 04, 2016
Q: Hi Peter and Staff
I know you are high on this stock and it's been a top pick in a few post replies for 2016. Globeinvestor shows a forward P/E of 8.37. What would you have and from where ?. At 8.37 it would seem to be a back up the truck buy?
Thanks for all you do and all the best for 2016
Dennis
Read Answer Asked by Dennis on January 04, 2016
Q: your thoughts on Dundee as a value pick on the discount to BV
Read Answer Asked by edward on January 04, 2016
Q: Can one construct a portfolio based on beta. In other words can you structure it in such a way that if the overall market declines say 1% you portfolio would go down .3% therefore a beta of .3. Just wondering if this makes sense. Thank You
Read Answer Asked by roland on January 04, 2016
Q: Where would the ordinary guy find estimated next year growth for a company. I have brokerage accounts with TD & ITrade but can't seem to find this information. Also, is comparing next years estimated growth to PE a good way of deciding valuation.

Thank You
Read Answer Asked by Craig on January 04, 2016
Q: Good morning Peter and Team,

Is the thesis for PUR still there? How much of their revenue come from oil and gas compared to municipal? It has been beaten down to 1% of my portfolio so do you recommend I top up to a reasonable weighting or let it go? Thanks,

Wes
Read Answer Asked by Wes on January 04, 2016
Q: My strategy for TFSA's differs from most because of age and income needs. Would you consider CYH to be a good choice for a monthly income or would you have a better choice. Thanks for guiding us through the most difficult of years (2015) and good investing to all 5i members and staff in 2016.
Read Answer Asked by Alan on January 04, 2016
Q: What are the prospects for a stock like NAT-N given the negative sentiments towards crude oil. Also their current ROE does not looks so good. My goal for any stock I buy is for a 15-20% ROE.......not always possible of course.

Many thanks and wish one and all a very safe and happy New Year. Helen
Read Answer Asked by Helen on January 04, 2016
Q: Hello Peter & Co,
The only way I am currently participating in US housing activity is through Tricon Capital; could you please suggest a couple of other Canadian names? My exposure to it should not exceed 4% of my portfolio.
For example, I am exposed to the Auto industry through Linamar and Magna and have recently added a position in Exco Technologies; altogether, they represent 6% of my portfolio.
Happy New Year
Antoine
Read Answer Asked by Antoine on January 04, 2016
Q: Price Size Mkt Time Buy Sell
0.85 0 TSXV 15:56:48 001 001
0.88 1,000 TSXV 15:55:10 007 002

The last trade shows 0 shares traded and a close 3 cents lower than the previous trade where 1,000 traded. Can you explain why when no shares trade a price can drop 3 cents?
A Happy New Year to everyone and thanks for the many questions answered.
Read Answer Asked by Robert E. on January 04, 2016
Q: Happy New Year 5i and thanks for everything in 2015. Since it's not easily available can you please relate, perhaps from Bloomberg, the TSX composite yield for 2015? Around about 3.5% I would guess?

Thanks

Kim
Read Answer Asked by Kim on January 04, 2016
Q: I spoke to the head of IR at this company based in Calgary a few weeks ago because I am a long-time SH and was concerned about the dividend being cut going fwd. He was quite sure it would not be cut even though, as I pointed out, they carried a fair bit of debt. - build out Corrib in IRE - on stream soon - Dec. 30th started pumping - 30% increase in cash flow: pay down debt. As well reduced capital budget for 2016 which would support the dividend which he deemed quite sacred. Comments please?
Read Answer Asked by James on January 04, 2016
Q: I have some money to invest that I may need in 3-5 years as income but would like some up side other than the amount the bank pays. I have been thinking of putting it into a bond fund but with rising interest rates do you think that the potential capital loss will be offset by an overall gain in this time period. My overall holdings is mostly in equities and I would like to start to increase my bond holdings. Also do you think PH&N bond fund is a well run fund. What do you think a neutral interest rate for today is. Thanks
Read Answer Asked by Jerome on January 04, 2016