Investment Q&A

Q: Find below your last take on Yellow Media. Any updated view, or endorsement coming?
Yellow made $1.51 per share in the last quarter, and analysts estiimate more than $4.70 per share in 2014, so it is a very low P/E ratio, but not quite as low as RBC indicates. 2013 estimates for the full year when reported are above $6. We have not liked the company much, but need to give it some credit. Online revenue has grown, and was $101 mm in the last quarter. Total revenue is still falling fast, however, with print essentially set to disappear over time. Y still has $600 million in debt, even after eliminating more than $1 bb in debt in its restructuring. As a highly-leveraged, high-risk recovery play it has some merit for aggressive investors. But we cannot endorse it just yet.

Q: Hello Peter & Team, what did you think of the Redknee (RKN) quarter just reported? Can we annualize the 5 cent quarterly eps and deduct 20 cents as the annual eps running rate (implying a 23 x PE ratio? What do you make of valuation? Many thanks, Keith

Q: Hi 5i,

Do you have an updated view on CEIBA? They recently announced their quarterly results and mommentum seems to be picking up in the name? Do you know much about the large shareholder John Hooks from your prior dealings in the hedge fund space (currently Chairman of CEU as an example)?

Q: Hello again just your thoughts on Perrigo Company

Q: Can you comment on Canadian Western Bank pls? Is this a good entry point? Tx

Q: This is not a question about AVO! (however I did buy some today).

I have some more questions on SWC.U.

May I have your thoughts on the latest quarterly report - any danger signs there? How do you interpret the drop in management expenses? Are the grades and reserves OK?

What does it mean when a stock symbol ends with ".U"? What is a "diluted share"?

Is this stock highly speculative? I would need to reduce an overweigh position in LIF to purchase SWC.U. Does that make sense? (I wouldn't be comfortable with a weighting purchase greater than 2%.)

I know I have asked alot of questions so I don't expect an immediate answer.

I have just made a donation to your charity event and I encourage other members to do so. Bicycling in the mountains eh... One of the few events (stocks) where riding it to the bottom is more fun than the climb to the top - unless you blow a tire - so slow down!

Jim

Q: PLZ Plazacorp. It has been almost 6 months since you commented on Plazacorp, and given that interest-sensitive stocks/units have come somewhat back into vogue in that time, is Plazacorp a solid, long-term investment today? Thank you as always...

Q: Hello, could you please offer your view on Alcoa AA? I look forward to your response, thankyou.

Q: Hi 5i,
Would NCR be a good entry point at this time, in your opinion.
Thanks Ken.

Q: I understand that one of the tests for the suitability of a dividend stock is the distribution rate. For some industries e.g. REITS one should calculate based on cash flow not earnings. Which industries does this theory apply to and why? Is the theory that, for example, depreciation can be ignored due to value increase in assets? Non comprendo.

Q: SLW - with continuous drop and volatile stock price ., is this is good candidate for a conservative / income portfolio. Is there a better or smooth ride way to achieve similar objective as SLW, is supposed to do. Thanks

Q: Hi,
I know this is a busy time for you. When you have a moment, could you comment on ESN, as it just released its earnings on May 6, which were lower than expected. My view is that ESN is fine in the long term and that the dividend is safe, but I would naturally appreciate your view.
Thank you for your service,

Q: Hi Peter and Team,

What are your thoughts on Crawford & Company, CRD.B. Firstly to me, they seem complicated with having two classes of shares where they distribute different dividends to. Anyhow, i await your thoughts.

Q: Hello,

What do you think of Easyhome's q1reslts they just released? Looks to me that it was a nice quarter.

Greg

Q: Would you buy Tim Hortons now ? Thank you

Q: ENB - Enbridge

up 15% in 60 days... what do you see moving forward say 6 months - 1 yr?

Thanks for all you do

Gord

Q: What are your thoughts on the Q1 report of FRC? Given its run since February would it be a buy, sell or hold?

Q: Hi Peter: I'm curious about the the reasonably good review on CNE on May 7th. Using BMO Investorline I see the following
June 30 2013. June 30 2012
Revenue. 144. 192
Profit/loss. -120. +18
This doesn't look like a company I would invest in. Less revenue and less profit. Perhaps BMO is not using the latest financials, if so where's the best place to see good financials.

Thanks as always

Q: Hi,

Any comments on Home Capital Group's latest quarter? Looks like EPS beat estimates by a couple of cents, but originations were down slightly due to seasonality and a rather harsh winter. I view the results positively and think it'll make for a strong second quarter. Do you agree?

Thanks again,
Jason

Q: Avigilon AVO
I recall the same comments being said about another fantastic growth stock, Poseidon Concepts.
-market leading technology
-high multiple growth stock
-huge earnings growth

The timing is way too coincidental having the CFO resign right before releasing earnings. Unless he`s dead, health reasons is a bunch of BS.

Peter, is your team able to dig deeper and recognize any red flags for accounting irregularities? I noticed inventories have increased and they also recently did a share issue. Could the share issue have been one final grasp for cash?

The market is rarely wrong, over the longer term. CFO departures alone should not drop a stock 20% after the announcement.