Q: Regarding Home Capital: If housing prices decline, presumably more people would qualify for mortgages, if they still have jobs. More people would have the required down payment for the cheaper houses. Or do company earnings come from the size of the mortgage versus the volume of mortgages? Also, I read/heard somewhere that HC does not lend in the condo market, only detached homes, and they require a significant down payment. I just can't see any reason for shorting HC, except that someone had "said their loans are sub-prime." Actually, their loans might be even more prime than those of banks? What am I missing here?
Q: I am wondering about future of Artek Explorations (RTK-T). I understand it is a promising growth stock. Could you tell me your opinion for the growth of this stock over the next 2 years?
Thank you.
Peter...I have followed you on BNN over the years and wish you well with your new endeavor. I know you will do well!
Q: I had a question re: selling a mutual fund and capital gains / losses resulting therefrom.
I own RBC Precious Metal Fund. In 2011 I received a T3 slip which required me to pay capital gains of aproximately $5,000 for such mutual fund.
I am now considering to sell my RBC Precious Metal Fund. If I sell mid year (May 2013), how will any cpaital losses on the mutual fund be claimed by me for the 2013 tax year. Will a T3 be issued for the 2013 tax year which evidences any cpaital losses to May 22, 2013 ?
Q: I was stuck with PGF after the buyout and have held on. I am down a fair amount and I just keep seeing negative info coming out about this company. Could I have your opinion on if this is a sell and move on to something better or hold because better things to come. I am a long term investor. Thank You.
My question revolves around a RESP. We max out contributions each year and currently we have $2500 invested, another 2500 in cash with approx $1000.00 coming in from the Fed. Gvt.(grant program) The 2500 is in ZCN. We would like to look at an emerging market and or bio tech etf as a second holding what would you suggest and why? Additionally if there is another etf in another sector that you believe would be a good buy currently or in the next few months please let us know.
Once again much appreciated and have a great week!
Q: Hi Peter, I was locked into several mutual funds in the early winter of 2008 and we all know what happened after that. I have pulled 10% each year since then and reinvested in "good companies". I am in the seventh year now and wonder if I should cash out all mutual funds 9 months early taking a 1.5% hit and reinvest in "good companies" over the summer given that the market and mutual funds are on a high? Many thanks!
Q: When I was dealing with a broker at RBC I got buried in Denison and Palidan. I have since averaged down when they got under $1.00. I need .50 cents on Denison and $1.00 on Palidan to get out. There seems to be more talk about uranium lately re SPROTT.
Do you think there is hope for uranium in the next year?
Q: Hey guy's love the job you do. What are your thoughts on TOG (Torg). Do you have any concerns the stock is down a fair bit this year but seems the company is doing a good job. Should I be patient or is this a sell.
Thanks
Q: Hi Peter and Team, regarding Detour, DGC...this is such a dirty deal!! Seems like Detour has taken a detour itself, from common sense. Is it time to exit with a loss at this point? I took the do nothing suggestion by you and got burnt by these fools at DGC! Can existing share holders put a stop to this lunacy and stupidity? Management and Board should be flogged, tarred and feathered because of this deal...obviously I'm damn angry with this deal!! Thanks.
Q: Hi Could I have your thoughts on Surge Sgy and Canyon FRC. Do you prefer one more than other and is this seem like good time to get into them. Thank you