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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: How would you feel about buying IBB on this recent pullback? Already have CXR and PHM in the space. Or would you prefer IWO as a way to pick up a growthy etf at these lower levels? Already have VUN for broad U.S. exposure. How high of a weighting for either would you go up to for a young investor with a long timeframe? Cheers
Read Answer Asked by Josh on September 07, 2015
Q: Thank you for your comments on acc takeover. I was looking at the valuation metrics but still can t understand why such a big premium. Can you please confirm that the purchaser is paying $18.75 cash per share and is assuming the existing debt of more than 500m$?When looking at takover bid, am i correct to integrate the existing debt to the purchase price to take into account all the financial obligations of the purchaser (entreprise value concept) Based on 2015 financials and excluding the debt on the balance sheet they are paying 14 times ebitda and 34 times ffo. Thank you for your general comments.
Read Answer Asked by Pierre on September 07, 2015
Q: I'm considering purchasing MRC, either in RRSP or non-registered account, depending on the nature of the distributions/dividends. Are they distributions like those paid out by say AX.UN or are they dividends like those paid out by say BNS?.....Thanks....Tom
Read Answer Asked by Tom on September 07, 2015
Q: As you casually suggested months ago as a U.S. opportunity.

PSEM was taken over Thursday at a 40%+ premium.

Thanks again for your advice.
Read Answer Asked by Sheldon on September 07, 2015
Q: The recent 5i report on Morguard Corp describes the company as a REIT; having held it for many years I can state that I receive dividends qualifying for the dividend tax credit and not distributions as a REIT would pay, leading me to believe this is a REOC - an operating company like FCR. Please correct me if I'm mistaken.

I believe it has always traded at a discount to its NAV but if it were to be taken over or taken private it would likely be at a value closer to NAV. What is the current NAV per share? One way I like to look at the dividend is based on my purchase price, it's closer to 2%, not a half %. Thanks, J.
Read Answer Asked by Jeff on September 07, 2015
Q: When there is a negative news in regards to a company like MCB, how long after this news is released do you tell your members? Are update only given bi-weekly or monthly when giving updates on your portfolios?

Read Answer Asked on September 06, 2015
Q: I have no exposure to healthcare. I have read positive comments on CRH. Although the price has risen considerably in the last week, do you consider it to be a viable addition at this time for diversification? if not, do you have another healthcare recommendation for a long term position?
Read Answer Asked by Dennis on September 04, 2015
Q: I would appreciate your opinion on the upcoming Federal election as to how an NDP win may affect the market.Certainly if Capital gains and dividend incentives are eliminated the effect on the stock market will be profoundly negative to the point that,if an NDP win seems likely,one may be well advised to sell a good portion of stocks.If some or many investors vacate the market completely then advisory services such as yours may also be affected.Your opinion is appreciated. Thank you, Don.
Read Answer Asked by Donald on September 04, 2015
Q: Just a quick question before I click the "transfer dollar" button.
If US interest rates go up as predicted will that weaken the CDN Dollar? Some "experts" on BNN are saying 70 cents for CDN Dollar.

Thank You
Read Answer Asked by Craig on September 04, 2015
Q: Hello and Good Afternoon: I have held PWF and PWO for a number of years. I am wondering why the sell-off in the stocks is so marked in your opinion. I know there is some general market malaise that accounts for some of it, but I'm also wondering whether or not the pressure that's being put on Mutual Fund companies (i.e. IGM) is the other factor at play here. I would appreciate your opinion and also whether or not you feel that they represent a positive buying opportunity.
Read Answer Asked by Donald on September 04, 2015
Q: Hi Peter & Co,
Do you know any Canadian info tech companies with a "cloud" focus? I think OTC is one.
Thanks,
Antoine
Read Answer Asked by Antoine on September 04, 2015
Q: I know these are apple to oranges comparisons however, I would like to buy some of these eventually. Do you have a favourite to start out with? I already own some of wsp. I am heavily leaning towards uni-select. I know all are good cash flow machines but I would like to have some growth also.
Thanks guys
Read Answer Asked by Marie on September 04, 2015
Q: I bought a half position in the following 2-3 weeks ago. Please tell me which of these you would double to hold a full position. I'm interested in income and the safety of capital. Thanks

POW, CSH.UN, SIA, AD, BPF.UN, ECI, VNR, FSZ, TMA
Read Answer Asked by Tim on September 04, 2015
Q: What are your top favourite US growth stocks that do not pay a dividend? Many thanks for your advice!
Read Answer Asked by Linda on September 04, 2015
Q: I wonder if you could comment on this US pharma stock which has just popped on purchase of another company. Is it on your radar?
Read Answer Asked by Victor on September 04, 2015
Q: Hi team,
Poydras just released it's Q2 numbers which looked strong and to be on the right path.However, the share price has languished at a 52 week low and there does not seem to be any catalyst moving the stock price in the right direction.There also seems to be a rumour about a ten for one stock consolidation. What would be your one to two year outlook on this company?
Thank you and have a good day .
Jean
Read Answer Asked by Jean on September 04, 2015
Q: could you please give advice for temple shareholders regarding their $40 million rights offering. stephen
Read Answer Asked by Stephen on September 04, 2015
Q: What are your thoughts on Phillips66? Thanks.
Read Answer Asked by Julian on September 04, 2015
Q: Any thoughts on removing McCoy from the income portfolio (I purchased it for income) following the suspension of the dividend? It would be at a loss of course and what to replace it with?
Read Answer Asked by Martin on September 04, 2015