Investment Q&A

Q: Hi Peter and Team

What do you think of Constellation Brands now that it has initiated a dividend? It has risen quite a bit over that past few months but the chart still looks pretty good. Is the valuation reasonable?

Thank you!

Q: Have been watching this stock since since growth portfolio came out,it trades very little and when you put a bid in someone tops it by a few cents with a a 100 share bid.The ask and bid price are often fairly far apart.If I do eventually get some it may be hard to sell when the time comes.

Q: I hold both of these ETF's. In the same account. I suspect they are essentially quite similar , can you point out differences? Great service as always, we are all appreciative of your guidance.

Q: I notice this Co. on the new highs list.
May I have your opinion please.

Q: Three insiders have bought recently, but it has no revenue and is only in phase two trials. Do they have enough money to continue, or is this just a hope that someone will buy them? If it works, they're worth a fortune.

Q: Hi Peter! I have collected a few names in my portfolio that have shrunk to little value and am wondering if you think I should hold on to these names or just exit the positions and move on. I'm not losing much by holding on to them but am unclear on whether there is much upside with any of these names? Ian

Q: Each Subscription Receipt will entitle the holder thereof to receive, upon the closing of the Acquisition, without payment of additional consideration or further action, one Concordia common share in exchange for each Subscription Receipt.

Why companies sell subscription receipts instead os shares? Should I buy the shares or the receipts?

Regards

Q: Hi is it too late to get in on US biotech @ h/c. Do you think these elf's are good vehicles. Thought elf's were best as stock picking in those areas is not easy for me anyway. What is a hot Canadian sector thanks.

Q: Caldwell Partners release fiscal Q2 last night. From revenue multiple the Company appears insanely cheap given that revenues are growing over 20%. What is your view on Caldwell as a small cap stock investment at current trading levels.

Q: What rights do shareholders have to stop/control dilution by issue of Treasury shares to anyone? Where insiders protect their positions by granting themselves options/warrants/rights to mitigate dilution caused by granting Treasury shares to new insiders can other shareholders insist on the same protection? Where dilution does take place what notification has to be made to shareholders, how and when?

Q: Todays announcement re disposing off the financial unit, plus buying back shares, plus increasing dividend, coupled with a ten fold increase in the no of shares traded today make a case to buy the stock now. Thinking of selling Bank of America and buying instead GE shares, AS A LONG TERM HOLD. Thanks

Q: Yesterday, a member asked if we could see any news about RX.V. The company "advises that it is not aware of any material undisclosed business development that should account for the decrease in its stock price". Source: http://www.stockhouse.com/news/press-releases/2015/04/10/biosyent-comments-on-recent-market-activity. The stock is now up 9%.

Q: 2:30 PM 4/10/2015

Hello Peter :

I purchased McCoy Global [MCB] this morning on your recommendation and for the fine dividend since you just added it to the Income Portfolio. I was a bit shocked just now to see you recommend Pason Systems over McCoy in your answer to Jim!!

1. Did you choose McCoy over Pason for the Income Portfolio because Pason has a much lower 3% dividend?

I see the TSX lists McCoy as an "Energy, Oil & Gas - Services - Support Activities for Oil and Gas Operations" I suppose because their main customers are oil&gas E&P companies but I would have thought McCoy would be classed as "Industrial - Manufacturing" since they mainly manufacture equipment.

I was a little concerned buying it as I have a 17% sector allocation to "Energy" companies as classified by the TSX but these are all pipelines which I hold for the income and which are more utility-like.

2. Should I consider McCoy as part of my Energy Sector holdings for weighting considerations or could I add it to my Bird Construction and Algoma Central under the Industrials Sector?

3. Do these Sector Classifications and Allocations really matter that much when all is said and done?

Thank you.... Paul K

Q: (Follow-up to my question earlier today)
Thanks for the answer. However, I am curious as to where you obtained this info. Neither the Investors section of the Mitel Website, nor the business news feed on iTrade or NBDB shows any mention of this. (I also checked Google news - nothing there either.)

Thanks!

Q: Pason seems to be rising. Is it time to buy? Or would you prefer McCoy? I have no oil service exposure. Thankx

Q: First off, thank you for not making the Growth Portfolio, released on April 1, an April Fools joke. I was having nightmares of you guys pulling a April Fools prank and filling the growth portfolio with names like Jaguar Mining and Lightstream Resources.

(just kidding)

Amaya (AYA) vs Intertain (IT). If you had to pick one for a fairy conservative portfolio which one would it be and what percentage would you go up to? I presently have a 9% position in tech represented by DH Corp (DH), MacDonald Dettwiler (MDA) and Open Text Corp (OTC).

Amaya and Intertain both look pretty attractively priced if 2015 eps estimates are met. Intertain looks a little cheaper but Amaya is growing faster. Amaya also has a larger market cap (which would presumably mean "safer") however the stink of the regulatory investigation hangs overhead. What are your thoughts regarding Amaya vs Intertain? Would you split the difference and buy smaller positions of both or just pick one?

Thanks, again.

John

Q: I;ve been watching mx for a while & it continues upward except a drop of 2% today Is this a buy? Thanks

Q: Good morning team,
My daugther will start a TFSA with $17,000 and will not need the money in the near term. She also plans to contribute regularly and reach maximum contribution within ~2 years. I would like your advice as to 4-5 stocks from the Model Portfolio to get her started. Your help would be greatly appreciated.

Q: Hello Peter and Ryan,
I have a fundamental portfolio question if I may...I’m getting increasingly more concerned over how little the market is reacting to geo-political issues, in the sense that this non-reaction will possibly do a 180 into a sharp reaction at some point. I read Mohamed El Erian’s comments from his speech yesterday, and it certainly highlights these concerns.

I’m a true blue-chip buy-and-hold-type investor, but I’ve let some of my fixed income portion slide into conservative dividend stocks, as bonds stopped offering much in the way of income. I’m a true holder; I never sold in ’08-’09, I rode it through, and I will ride through any future turbulence as well, regardless of how steep.

Given all that, for someone in late 50s, no pension, and plans to live off the income generated from the investments (while planning to continually add some of the income back into capital to stay ahead of inflation) - and at this point in the cycle - what general percent should one maintain in GICs/high-grade-bond portion of the portfolio? And to state again, while my equity exposure is quite high today, 75-80%, it is in blue-chip type companies. On the margins I play the growth end, but only on the very far margins.

I realize that in this type of forum you can only provide general answers, so I’m only looking for your general ballpark thoughts, given how dramatically fixed income has changed in only the last few years.

I’ve marked this private, but if you feel it’s beneficial for your large audience, please feel free to publish. Thanks very much….

Q: Would be interested in your thoughts now that year end results are in. Is,the dividend sustainable? Looking for a stable income producing position and love the yield.
Thank You 5I