Investment Q&A

Q: I am starting a new position in either AX.UN or AX.PR.G. It would seem the distribution is safer with the preferred, but there's more upside in the actual unit price of AX.UN. Is this accurate? Of the two, which one would you pick?

Q: I am nearing retirement and would like to sell some stocks and purchase a 1 to 5 year bond ladder. But, a bond ladder can be difficult to manage for a retail investor. Can you recommend a good 1 to 5 year bond ladder ETF? Will a bond ladder ETF actually perform like a bond ladder, where every bond is held to maturity or would it be more subject to capital gains and losses with fluctuating interest rates? Would I be better off with a 5 year GIC ladder at today's rates?
Thanks,

Q: How come no railroads in your equity portfolio? CNR and CP look a little better with the recent price correction and some seasonal strength coming. What's your thoughts on CN Rail value and share price upside?

Q: Interesting in your view of CDN banks? Are you seeing value? They are looking like decent value to me and going into some seasonal strength. BMO has been under the radar a bit but appears to have some upside with the new purchase etc. What's your opinion on BMO?

Q: In reviewing the growth portfolio the biggest winners are kinaxis and tucows. On your theory of averaging up not down if not owned would these be the two to buy or go with the few showing a small profit ie dhx media and element financial or any other that you woukd prefer at this time.

Q: hi folks:
below was your dec 2014 update/report on CTY ---- can you update and offer any idea (aside from low volume and possibly no institutional interest) why it sits at multi year lows?

the chart says something doesn't add up

"No new concerns other than the usual with Calian. It continues to buyback stock, and is still sitting on $25 mm in cash with no debt. Earnings growth has certainly slowed, with governments simply not spending as they used to. But it continues to be quite profitable and generate excess free cash flow. The stock is cheap, and we would consider it a decent income stock, but not much else. With its balance sheet and cash flow, we think it would make a decent candidate for privatization, but this is not really expected. Insiders do not own much (1.4%) so we would like to see this change."

thanks

bob

Q: What do you currently think of CGI Group currently? It some numbers that disapointed but it is now off by about 18%.

Q: Could I please have your thoughts on fortis vs. canadian utilities for a 5 year term or would you recommend an alternative to the above.

Thanks, David

Q: Good morning Peter and Team,

There was recently an article in the Globe and Mail that praised the virtues of this REIT. The last question in 5i was from January, and I'm wondering what your current opinion is. Would CRT.UN be a nice addition to a RRIF to provide some extra stability, or are there other REIT's that you prefer? (At present I have a full position in FCR which I realize is not a REIT, but don't have any REIT's in an otherwise balanced portfolio.)

Thanks as always for your valued advice.

Q: hmmm ... I'm seeing that Mainstreet Equity, which owns apartment houses in Western Canada, hasn't risen along with the oil stocks. It certainly declined along with the energy sector. But now it's not going back up. What do you think the disconnect is? Is it a sign the MEQ is mis-priced?

Q: Team

Why does the market cheer everytime Enbridge moves assets down to the income fund? To me it is just financial engineering.
The whole company is worth the same but the parts are moved around.
Enbridge keeps adding debt with new projects but still trades at a premium due to its stellar past. What am I missing?

Q: Investing in preferred shares is a conundrum at present.Do you have any suggestions on investing in these products or should they
be avoided for other income products which offer less risk of capital loss? Are pref share ETFs worth the effort? Joe

Q: Heavy selling on CCL today, after a down day yesterday, while the market is surging. That puts CCL down 10% in the last ten days. Anything behind this? Such big drops are not the norm for this stock.

Q: I own Canexus Series 6 cone deb, paying 6.5% and due Dec. 31/21. I am hoping to hold it to maturity for income. What effect will the SuperiorPlus take over have on this investment? What is your advice? It is trading well below purchase price.

Q: i need basic material companies to add to my portfolio

Q: Would appreciate your input regarding Patrick Horan's recommendation to short Enbridge. This is based on it's high debt load and the consequent effect of a rising rate environment. I know it has been repeatedly targeted but if rates do rise do you see a downside?

Q: I owned the Canexus Convertible C seris (CUS.DB.C)
What will happen to this convertible debt with the takeover of Superior plus.
Thank you

Q: I was thinking of buying this stock but did not do so because of the insider selling of the stock. Is this a legitimate reason for not doing so? Thanks again. Bill

Q: Today, PHM has returned to form and volumes are coming back to the average. This coincides with a larger percentage jump in shares as of this point in today's trading. Any reason for this large increase that you can glean?

Q: I view of a potential sale, is this a proper time to acquire more