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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: Hi Peter and Team:
There are now a number of perpetual preferred floating rate shares. Do they present an opportunity. EX: TRP series 3. TRP.B-T. Coupon for first 5 years 4%. Will reset at 2.25%, butpurchase price now 14.90. This works out to just under 4%.
As rates go up it will float up. It is preferred as to what?
Would you please point out all the risks with these. There
must also be some pros. They never mature so if the rate rose too much I imagine they would be redeemed. Thanks very much.
Read Answer Asked by BEN on June 22, 2015
Q: This question is in regard to Canadian Banks.
When you look under key stats (yahoo finance) there is a section called "Enterprise Value".
For the 4 banks I looked up all have negative numbers in the billions (TD being the lowest at -21B).
Also the operating cash flow shows a similar pattern of minus numbers in the billions (BNS being lowest at -6B).
Am I taking enterprise value and operating cash flow out of context to mean something different than it sounds?
When I think of Canadian Banks and their almost yearly record profits, huge negative numbers like these don't usually come to mind.
Are these common for banks and can you give me a brief understanding of what they mean?

thanks,

Paul
Read Answer Asked by Paul on June 22, 2015
Q: The only holding in my TFSA, to which I have made maximum contributions, is SUMMIT REIT ( SMU.UN). I wanted a high yield growth stock and went with a small cap REIT.
I am going to sell half my holdings and diversify into another sector with a growth stock having a 4% plus yield. Would you have 2-3 suggestions? Thanks
Read Answer Asked by Derek on June 22, 2015
Q: Hi guys,

I have just a quick question for you. My wife is trying to fix the weighting of her portfolio, currently 34% is in the energy sector, even after the terrible down turn. What do you think she should sell, hold or modify? Thanks

BTE - 1.46%
CPG - 7.02%
SPE - 3.61%
TOG - 0.48%
TOU - 3.01%
WCP - 8.06%
PPL - 10.57%
Total Energy - 34.22%

Thanks
Read Answer Asked by Paul on June 22, 2015
Q: DCI has dropped significantly recently. Has there been some fundamental issues impacting the stock or do you see this as a buying opportunity?
Thank you very much,Bob.
Read Answer Asked by Bob on June 22, 2015
Q: Peter, I am retiring from working soon and I have sufficient fixed income to cover all of my living costs. I have a decent size portfolio and I was looking at the various robo advisers, but they do not take into account your existing fixed income and most want to allocate up to 50% into bonds. I know that allocation between countries is a personal decision but wouldn't mind your thoughts on what I am thinking. Canada 60% (comprised of XEI, CDZ, VDY); US 30% (IWO, VGH, IBB, XUS or a hedged version) and 10% (VEE, FEZ). I prefer hedged ETF's over unhedged.

I do have a 5i portfolio of stocks in addition to this new one that I will be setting up. Great service!
Read Answer Asked by stephen on June 22, 2015
Q: A few suggestions of growth companies for a TFSA. Holding period target 5years +

Thank you.
Read Answer Asked by walter on June 22, 2015
Q: Peter, if the upcoming election is looking like Stephen may lose his majority or if it looks like he may not even form a minority government, would it be prudent to sell off a good portion of my portfolio before that time and sit on the sidelines with cash in hand? I can't imagine that an NDP government or a Liberal government under Trudeau would be a good thing for the markets.
Read Answer Asked by Neil on June 22, 2015
Q: Please comment on risks , outlook & the size of Market cap --? dividend safety

Thx --Don
Read Answer Asked by Dr. Donald on June 19, 2015
Q: Hey Peter & Team,

Have noticed something today that I am hoping you can explain. Besides being down across the board, Volumes for all the Canadian financials are exceptionally high.

TD 11.87M (2.79)
RY 7.84m (2.30)
BNS 7.47m (1.93)
NA 2m (948k)
+
MFC 10.76m (3.23)
SLF 3.81m (1.14)

With all these share values being down, it appears to me there is a massive sell off happening in Canadian Financials.

Am I reading this correctly or is there something else at work here I am not aware of.

Thanks for all you do

Gord

Read Answer Asked by Gord on June 19, 2015
Q: With the announced transfer of some assets to Enbridge Income Fund, what affect will this have on Enbridge and its share price in the future, and what do you recommend for holders of Enbridge shares?
Read Answer Asked by Alexandra on June 19, 2015
Q: DDC has plummeted over the last few days with no news. What's the problem- funds raising cash?
Read Answer Asked by Bob on June 19, 2015
Q: Hi Team, might you have a preference BEP as compared to ENF. Only one or half position in both?Potential growth as well as stability of dividend. Thanks,Jerry.
Read Answer Asked by Jerry on June 19, 2015
Q: I'm an younger investor with a relatively high risk tolerance. Which one would you recommend for a five year + holding period? To me, HLF looks to have a better valuation but PBH has more aggressive growth plans. Also, do you think the 37% ownership stake in HLF by the founding family is an overhang?

Thanks
Read Answer Asked by Robert on June 19, 2015
Q: Hello Team,

Could I please have your take on today's earnings... "Announces Record Quarterly and Annual Net Income"? Seems like exciting times! I look forward to hearing your responds!

Thank you, Dwight
Read Answer Asked by Dwight on June 19, 2015
Q: Hi Guys,

I know you like Corby's but I have a question about the relationship with it's parent.

The parent does a lot of the day to day administration and preparation of the actual beverages for Corby's. In addition there are many significant agreements to sell the parent's brands which expire on different dates. For example, Wiser's Canadian Wiskey and Polar Ice Vodka expire 30/06/2017.

Why couldn't the parent just not renew the agreements and sell on their own? This would leave a large whole in revenue for Corby's.

Do you see a problem with Related Party Transactions.

Thanks
John

Read Answer Asked by John on June 19, 2015
Q: Teck Resources seems to be hitting lows not seen since 2009 recently. The coal and base metal industries are definitely in a slump, but the products remain necessary and TCK still seems able to generate a reasonable profit. What is your opinion on buying shares of TCK.B as a long term (multi-year) hold for capital gains and the dividend? If TCK.B is not recommended do you have a better stock to recommend in the same industry group?
Read Answer Asked by Irwin and Karyle on June 19, 2015
Q: Hi Peter and team, I've held Trimac since October with flat or declining growth. It has an OK dividend however I would like a current opinion on it and suggestions for a possible replacement in my well diversified portfolio.
Thank you!
Read Answer Asked by Martin on June 19, 2015
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