Q: PLI has had some positive news lately and stock seems to be responding well. Do you think the news supports the current value and would you recommend it as a buy at current levels.
Thanks
John
Q: I am trying to understand Mandalay's US$50 million of senior exchangeable bonds on their balance sheet (see below).
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US$50 million of senior exchangeable bonds issued April 29, 2014.
The Bonds, which will have a maturity date of five years from the issue date, will be issued at par and carry a coupon of 5.875% per annum payable quarterly in arrears. The Bonds will be exchangeable into ordinary shares of the NYSE Arca listed SPDR GOLD exchange tradable fund (the "GLD Shares") at an initial exchange price of US$149.99 which is a premium of 20% above the VWAP of GLD Shares on April 29, 2014 (currently equivalent to a gold price of approximately $1,556 per oz). Further details regarding the terms of the Bonds and the Loan Agreements, subject to the revised terms described herein are set out in the Company's press release of April 23, 2014.
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Could you comment on whether this bond issue is still a good deal for Mandalay given the huge drops in the SPDR price and the Cdn dollar.
Any help simplifying and interpreting this deal for me would be much appreciated - it seems very complicated !!
Q: Hello, my previous advisor had this stock in my rrsp, I have a 3.4% weighting in my portfolio, but is 15% of my rrsp account. I am down 11% currently. It has a decent dividend, but it seemed to have peaked during the spring of 2013 and has been trending down ever since. Do you think it's worth holding or should I look for better opportunities. Thanks.
Q: My BMO Investorline displays Hydro One as dropping $19.445 to $2.175 per share from $21.75 per share. This change occurred about 14 minutes after 4:00pm Friday. Is this just a computer error?
I own most of the companies covered in the 5i growth portfolio. Just wanted to know if you still like this and if the story remains intact or has gotten better/worse. The app is fantastic and it seems like they've got a nice brand, plenty of users, and growth ahead. However, I'm concerned about the company's ability to become profitable. Do you think these fears are overblown? I'd appreciate your thoughts on this as I'm debating about adding a half position to this in December when tax loss selling has abated.
Q: I currently hold ENB IPL and PPL for a total weighting of 8.4% each having a capital loss. I am considering selling IPL outright and reinvesting an other sectors. Am also considering selling either ENB of PPL replacing with TRP. Is this a reasonable strategy and witch of ENB or IPL would you sell. Thanks!!!
Q: with an interest rate hike in the US seeming more likely in December, is it time to make a move to US financials? I currently have ZUB but would ZBK be the better choice? with an interest rate hike, would this strengthen the US$ and by buying ZBK would it profit from both the move to US financials and a strengthening US$?
What do you think of adding ZBK and keeping ZUB. I'm fairly diversified and this move would increase my weighting in financials overall.
Q: I have been following this company for a while, but have not yet purchased. Good thing, as the price keeps dropping. The latest earnings report looked quite good to me. One comment I have heard about the company is that they started share buybacks and a dividend to boost the share price, but that this is actually a negative, because they will need to borrow more money at higher rates to fund its loan growth, which adds to risk. What are your thoughts? Thanks!
Q: Thankfully never a share holder, I'm trying to learn from the Valeant fall out. In doing so I ran across an article discussing the reporting of non-GAAP (general approved accounting principles) results and estimates. Apparently, Valeant does this, amongst others, and there are since cautionary tales...
Can you please give me a Coles notes lesson on non-GAAP data? It seems like they are all the rage, but should not be trusted...
Q: Before I logged into my account I was reading an article by Ryan about Concordia and half way through it, it said to read the rest or to read articles like this join 5i Research. I am a member so where would I find the rest of this article? I have a 200 shares at higher prices and I was thinking of averaging down to buy at between $38 and $40. Is that a good idea and where would I find the rest of this article on CXR? Thanks for keeping us posted on this situation. Dennis
ACQ is finally stating that they are concentrating on acquiring dealerships in eastern Canada as opposed to western Canada. This is very good I believe. They are to acquire 6 by May? 2016, having acquired 2 Nissan dealerships in Ottawa, Ontario recently, so 4 more to go.
ACQ has stopped being a dividend grower as there has been no growing over the past four quarters. Stopped as in they had been increasing the dividend every 1/4 since they started paying.
I suspect the glory days are over for ACQ in so far as its rapid share price growth and it has become a more "traditional company" slower grower of revenues..., dividend and share price as automobiles will still need to be bought/sold and serviced for years to come. At least until self-driving autos become dominant.
I think it is "reasonably priced" now. It had gotten way ahead of itself when it was, say, $60+.