Looking to see if you have a view as to the recent weakness in Fortis, especially as it doesn't appear that in the near term rates are poised to move higher,a common headwind for utilities.
Q: Would you please clarify your view that First National's (FN) payout ratio is 100%? In today's quarterly report, FN states that "on an after tax, pre-FMV basis", the payout ratio was 62% and was down from 67% in the same quarter of 2014. Also, what is FMV?
Q: How concerned are you regarding new revelation that a long standing director has resigned. Of note is the timing just before clarification on mortgage originations as well as no reassuring comments from the director involved. I feel it's too late to sell now but this seems like more worrisome news. Thanks for your comments.
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Asked by Margita Elisabet on July 28, 2015
Q: With all the bad publicity and now an important director resignation would you think it wise to place a stop loss on the stock and around what price would you place it?
Thank you
Q: Looks like the market is not satisfied with the lack of clarity from PHM regarding insider selling. Do you view this as an overreaction and an opportunity to purchase or a wait and see?
Q: Almost 3 millions of shares dumped on the market with only 1 hour of trading. It's down 20% so far. It sounds like investors have lost confidence on this company. What is your advise for today's trading action and is is a good buying opportunity?
Q: Further to Paul's MISC question; What is the best way to rebalance? A simple calendar approach? If so how often? At one extreme, one could rebalance daily, but incur heavy transaction fees and possibly sell one's winners way too early.
At the other extreme, one could rebalance annually, or some longer period. Transaction fees would be minimised. But this approach might miss cycle tops (and bottoms).
If a calendar approach is not used, then how is discipline maintained?
1. I know predicting interest rates has become a dangerous activity now a days. Rate hike prediction hasn't materialised but instead we got Poloz's rate cut.
2. Through my Scotia itrade I get IPO offers for preferred shares. Yesterday I got one from BMO Perpetual preferred share 5 % and one from Canadian Utilities 5.25 %
Worth buying? Of course one can only express an interest and one is not guaranteed to get the shares.
There seems to be a shift from Rate reset to Perpetual Preferred shares recently. At least that is my perception. Furthermore the new issues, (at least on Scotia iTrade platform) are sold out within a day! Especially the issues by Big Banks and solid Canadian companies. Any reason why? Does it mean the smart money is hungry for a solid 5 % yield?
Q: Hi,
Could I have your opinion on the deal between SVL and FR. I have been holding SVL for a while and am down quite a bit. Should I sell into the strength or hold on.
Thanks, Irshad.
Q: Have a 4% position in Allergan (formerly Actavis). Would you recommend selling all or a portion given the Teva takeover of the generic drug division, or continuing to hold.