Investment Q&A

Q: What do you think of Algoma Central? I like the company. They are spending money up-grading their ships and with interest rates so low that seems a smart thing to do. (The first ship will be delivered this year). The company is controlled by the Jackman family and if I understand correctly they take the road of borrowing cash instead of share dilution. With lower fuel oil prices and a reviving economy I think they should be able to hold their prices as their costs decrease. I think they are the major Great Lakes shipper so I feel it will prove difficult for competitors to undercut Algoma's prices. I have been held-up at the Hamilton Lift Bridge while their ship sailed into the inner harbour - they must be delivering iron ore to the mills. Not sure if they are a grain handler too. I suppose their balance sheet will show some debt which is going to increase as they take delivery of their new ships which will depress the stock. The stock went from $100 to $15 last year (there was a 10 for 1 split). They recently raised the dividend. Sorry for being so long winded - appreciate your thoughts.

Q: What do you think of Bonterra Energy? 3% of our liquid wealth is with Bonterra. I sort of like the company and according to the Globe it is one of 3 Oil sector companies which have managed to increase its oil (or equivalent) barrel per share over the past year. One the other hand I believe oil prices will be weak as it appears alot of production from "fracking" is coming on-stream now and in future. I think oil is down about 10% so far this year. I can break even if I sell now.

Q: I would like your opinion on Cominar REIT and Artis. Would you recommend a buy on either?

Q: Hi, Peter.
I currently own Enbridge (ENB.TO) which has a curent P/E of approximately 44 and a yield just under 3%. The P/E, although lower on forward earnings, appears to hardly qualify as a defensive stock in price. I am considering selling ENB and buying Enbridge Income Fund (ENF.TO) which shows a P/E of 17 and a yield of 5.3%. However, I noticed that GlobeInvest rates ENB 4 stars abd ENF 3 stars for safety. I assume this difference is because ENB is more oil related and ENF transports more natural gas.
How would you evaluate the swapping of ENB for ENF?
Thanks, Ed

Q: Hello 5i, Could you comment on Kelt Exploration Ltd KEL

Q: We are all throwing darts hoping for a bull’s eye or at least a decent score in the game. ATP has been a large disappointment and from the time I bought in it’s down
42% and it now twice disappointed. Notwithstanding my 5i portfolio is up over 16% in a year, not counting dividends, and had I purchased these equities the day each of Peter’s reports came out I’d be up closer to 30%.
To offset ATP, Peter on November 17 responded to a question from a member on AQN and fairly strongly endorsed Algonquin Power (AQN) . I view of this, I bought AQN and am up 20% with dividends. I know of no other service like 5i and after decades of investing I now sleep better knowing that I’m working with Peter’s guidance. My $89.00 investment in 5i has returned over 120K in a relatively short time. 9% of the equities I’ve bought have not panned out, but 91% have and, the game isn’t over yet.

Q: I own two utility stocks Fortis(FTS) and Algonquin(AQN)and am considering selling one to purchase a more economicly sensitive , growthier name. They carry about the same capital gain so that is not a consideration. The stock I keep would be a long-term core holding which I could basically hold, monitor, collect the dividend and forget about. For this reason, I am leaning toward keeping the larger cap Fortis but would appreciate your thoughts and considerations. Thank-you.

Q: Peter;Do you know which companies manufacture the tank cars used by the railways to transport oil? Thanks.

Rod

Q: I think that Research in Motion BBRY is headed for a fall and ultimately a restructuring. Who knows when? Is there a way of shorting a stock on an open basis?

Q: hello 5i:
Regarding GCL:
wondering if your opinion has changed at all on this one ie. is it a buy, sell or hold, and what effect will the recent equity financing by the Caisse have on the company? Is the acquisition of T Lauzon a positive or a non-event.
thanks
Paul

Q: Hi Peter,
Is TRQ a buy, hold or sell?
Thanks,
Henry

Q: what were Peter's top three picks the last time he was on BNN 10 days ago or so, and if they have changed please advise......for some reason the archive on BNN is not showing them

Thanks

Q: ATP -- Can understand the frustration of some subscribers, but nobody ever it home runs on every at bat. A well diversified portfolio, patience and a little bit of luck will see an investor through - oh yeah, good looks help too. Keep up the solid work and normal due diligence,

Q: I'm using stock screeners to help me identify potential investments. One name I came across is Comwest Enterprise Corp (CWP). It trades on the Venture exchange, has low volume and is a micro-cap stock. Yet the ROE is lofty and the dividend is north of 5%; can you give us your analysis of it?

Thanks.

Q: Peter; Could you decipher PPL's earnings ? Everything looked good until you get to the per share part. I am thinking of adding to my position . Thanks.
Rod

Q: Morguard REIT (mrt.un)is selling for 6 times earnings and paying out about 31% of their earnings. It pays out 8 cents per month to yield about 5.5%. It closed at $18.35 today, down 46 cents. What is your opinion on Morguard REIT?

Q: Hello Peter. I purchased MITT and IVR mainly due to the high dividend and low mortgage interest rates in the US. I realize if rates go up these stocks mat suffer. Are these stocks overly exposed to interest rates and when do you think they may falter? Thanks

Q: What is your opinion of RUS?

Q: Peter if you got it right all the time your services would cost me more than $84.95. I realize you are not my stock advisor and I do appriciate your opinion. What do you think about Electrovaya (EFL). Storing electricity in batteries then selling at peak times is quite a concept. Thank you in advance

Q: Do you have views about SO. Is it a good long term play at these prices?