Investment Q&A

Q: Is there a reason to have sustained faith in Yamana? You have spoken (written) a few times on the geo-political risk that companies take on when they are located in "problematic" countries. Brazil and Argentina seem to come up often enough in terms of areas with political risk. Given that much of Yamana's resources are located in these two countries, what danger might it pose to Yamana's survivability?

In an off-shoot question, related to this topic: Has there been any resolution to Magna's investigation in Brazil?

Thanks for your help.

Q: With CDV.TO holding OK, and MDA.TO seeing new high, CMI.V continue to decline. I am seeing a big drop today for no reason. I have a small position bought at $1.75, and attempted to add more. Please help me to analyze the situation. I can tolerate volatility.

Thank you!

Q: Transat has been hit hard since reporting recently. What do you expect is driving this weakness?
It would appear that:
Lower oil prices help;
other recreational travel ops are trading higher (eg. cruise lines, RCL);
airlines (AC, WJ) are trading higher.

Q: Some of the stocks in my portfolio have been beaten up pretty bad, so much so that the downside risk has diminished considerably and the upside even with just a rebound, over the next year outweighs the risk. My energy exposure is 8% and the canadian financials is 19%.
Would you approve moving out of some steady eddies like BYD, DSG, ESL, MDA, MNW and STN and increase positions in ACQ, HCG, TOU RMP and BXE?
If you do approve are there any names above that you would not include in the rotation?
Thanks.

Q: Sorry another AYA question. I currently hold a 5% position in the company. When i read your answers to earlier quesitons on AYA I get the since that the potential down side is 50% or more, yet the upside is "slight recovery" to quote your words. The risk reward seems to be unfavorable now. Will you be cutting your weighting in your model portfolio, and would you suggest reducing weighting to 3% considering the risk/reward currently.

Thanks as always
Darcy

Q: Stantec is almost at it's annual low. Do you think this is warranted, or rather an opportunity to purchase at these levels? or wait for it to plunge further?
PS I assume you still see it as a long term hold.

Q: I have been following CXI since your report, with a the intention of opening a half position. It is down a little today and I assume that's a reaction to currency markets and the Ruble. Would you advise holding off until currency markets settle a little or is now as good a time as any?
Also, thanks for the sage advice on TOU, I assume todays rise is in reaction to the Talisman deal?
Mike

Q: Hi
I am about 7 years out from retirement. I have no health care associated stock and am wondering what you would suggest to enter that sector. ie Medtronic (MDT.us) or CCT

Q: Good Day,
I currently do not have any gold positions in my portfolio and would like your top 3 picks. I feel with the current and likely continued unrest in the world there is going to be a push back to gold. You thoughts?

Q: Hi Peter, Do you think ACQ is getting beat up unfairly considering that's it's now trading at 12.2X Forward P/E (Yahoo)? At the current price, do you suggest to add more to an existing position (4%-5%)?

Q: Hi, here is a question about Talisman. News it is taken over at $8 a share all cash. However, it is trading at $8.79 this morning. Is this only because of high likelihood of another higher or multiple bid? My view is to wait and see here. Would you? Thanks for everything and happy holidays!

Q: Hellot 5i team, This from Bloomberg:

Canaccord Genuity Group Inc. (CF) and its investment bankers aren’t the subject of a probe by regulators into trading of Amaya Inc. (AYA), the Canadian gaming company that acquired PokerStars for $4.9 billion this year, according to Chief Executive Officer Paul Reynolds.

“I can assure you that Canaccord Genuity is not the subject of this investigation, nor is any member of our capital markets group,” Reynolds said today in an internal memo to employees. “This is strictly a request for information related to individual trades in our client accounts.”

Excuse my ignorance...would you pls. explain, specially the last sentence....that would be clients of Cannacord? Is this a reassuring thing, nothing to worry about.

http://www.bloomberg.com/news/2014-12-15/canaccord-genuity-bankers-not-target-of-amaya-probe-ceo.html?cmpid=yhoo

Thank you!

Q: Have 100K set aside for the new growth portfolio. Is it still on the front burner for early 2015?

Q: Hello Peter and team:

I own: CPG, TOU, POU, PEY, PD, WCP, SPE, CEU and a few others. They are all down, some as much as 50%. Is it time to buy some higher quality ones to average down? If so, how would you rank them? Or should I wait to see if they go down more during the tax loss selling season? Or sell some of them?

SS

Q: I received an email this morning that says this:

December 16, 2014
Dream Global REIT announces the TSX Accepts Filing of Normal Course Issuer Bid.

There is a link to a press release, which I read, but can you explain what it's all about, please? Thanks!

Q: Hi Peter
Had full positions in BDI and SGY, plus half positions in BXE, E, and HWO. I like them all but would like to take advantage of the tax loss. Considering selling 2 or 3 and adding to the other 2 or 3. Could you give me your opinion?
Thanks for the education you and your site provides.

Q: With the price of so many energy stocks beaten down, does it make sense to swap a stock like PGF for something like Surge SGY in the hope that SGY will recover a lot faster than PGF when and if some stability returns to the oil market? If it does make sense, is there one time that would likely be better than another to make the transaction? ie. before tax-loss selling season ends or after? Thanks.

Q: What is your outlook and opinion on BT0.T and can it be bought now (to be held for the long term i.e.5+ years)?

Q: What is your opinion of Delphi Energy Corp.? It is down quite a lot.
Would you recommend it as a buy at present?

Q: hi folks

why do you believe erf is taking such an outsized hit?

good balance sheet, mgmt ok, good hedges......

is it mostly due to tax loss selling begetting more tax loss selling? or possibly U.S. ownership causing increased liquidation?

and thus, would this be the proverbial screaming buy (with a 2 - 3 year timeframe?

thanks