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Investment Q&A

Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.

Q: I have asked you about automodular before and you say you like the stock. They had great earnings paid a special plus the regular and it keeps going down. Why and would you keep holding it. Are there ford contracts in trouble or is it something else. Dave
Read Answer Asked by david on November 26, 2012
Q: Hi Peter,
What do you think of the news release by Africa Oil (AOI) for the second well drill results? Clearly the market was expecting more.
Thanks.
Read Answer Asked by Chris on November 26, 2012
Q: Thoughts on the latest target price upgrades on RIM (NB and CIBC)? Is there anything that can really substantiate their views?
Read Answer Asked by Vince on November 26, 2012
Q: Hi Peter, Leon's taking over The Brick. Sounds good - gobbling up your main competitor. Are you not a little wary that (a) Leon's don't have much experience digesting anything nearly as big; (b) leaving things more or less as it is sounds like the lack of a strategic plan. There is a Brick within sight of the Leon's where I live. Don't make sense. There are big differences culturally and in store-size. Maybe they are going to change stores but are too nice to tell us? Carefully thought out take-overs can still go awry (e.g. Thompson- Reutors). Please tell me I'm worrying unnecessarily. Henry
Read Answer Asked by Henry on November 26, 2012
Q: Why are so many "good" companies looking to raise cash through new preferred shares or more common shares. I have received a number of notices in the past few weeks from quality REITS and this morning one from Emera and Endbridge.
What's going on?
Shirley Vincent
Read Answer Asked by shirley on November 26, 2012
Q: My question concerns PTA on the TSX venture exchange.It is located in Columbia, where they predict exiting 2012 with 5000-6000 barrels per day. They have good management, just had an oil strike for 3700 bl per day that they get 50% of.The float seems a bit high at more than 500000 shares plus warrants.Your comments positive & negative would be appreciated. The recommendations on it are all buys.
Cheers,
Dave
Read Answer Asked by Dave on November 26, 2012
Q: There is an opinion that every 5 years we have a cyclical downturn in the stock market. Considering all the macro negative information should I be selling some or all my A and B holdings. Thank you for you advise.
Read Answer Asked by Ian on November 25, 2012
Q: I have heard different opinions. Is MNT a good way to hold phsical gold? Thank you for your guidance.
Read Answer Asked by Ian on November 25, 2012
Q: Is MUX a buy at this time. Great advice and info, thanks
Read Answer Asked by Ian on November 25, 2012
Q: Peter, based on your review of HLF (Highliner Foods) I purchased shares which have done quite well. I noticed that the P/E for this stock is 224! I also noticed that the difference between the trailing P/E and forward P/E differs by more than an order of magnitude. The forward looking P/E is 9. I'm wondering if you can explain why there is such a large difference between the two numbers and how I should interpret this as a shareholder.


Read Answer Asked by Neil on November 25, 2012
Q: Hi Peter- Canadian General Investments is trading at a 29% discount to NAV. I believe that this is much higher than the average over the last decade although I cannot find any data on its historical discounts to NAV. On the other hand the MER is 2.5%. What do you think about this closed end fund?
Read Answer Asked by RANDY on November 25, 2012
Q: Hi Peter : I recently bought Tembec (TMB)because it is a re-organized company that hasn`t participated in this year`s forestry company rally . It moved up slightly , then tanked 25% in two days after the co. reported a $50 million writedown on the closing of a B.C. pulp mill .This shouldn`t have been a surprise . The selling was only 2% of the shares but at market paniced investors creamed TMB . I bought some more but not fast enough . The shares bottomed for two days and in the next three regained all the lost ground and then some . I`m not going to list all of the companies recent innovations or the steadily improving forest products picture but Tembec has been left behind . For example last week the company`s market cap was less than they are spending to build one power boiler at a Quebec mill with excess bio mass power sold to Hydro Quebec at a cost with turbine and building of $190 million . Am I wrong about it being undervalued. Last week Chad Wasilenkoff CEO of Fortress Paper said they would be looking at a merger with Tembec in the future . News to Tembec apparently . My experience with foresrty CEO`s is that he will wait till the price is much , much higher before driving it up some more with an offer.
What do you think ? Thanks ; BILL
Read Answer Asked by William on November 24, 2012
Q: Hi Peter,

What is your personal opinion o n the STO and PRY merger. The analyst community as well as the shareholders seem to dislike this deal a lot as is evident from the drop in share price of both post merger. Do you think this will be a good hold into the next year maybe for a one year time frame. Thanks
Read Answer Asked by Imtiaz on November 24, 2012