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5i Report
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B

Review of The North West Company Inc.

APR 25, 2024 - NWC is a stable consumer staples name that serves in niche markets of remote areas with small populations, which keeps the competition less intense for NWC, allowing them to earn decent returns on capital over time. NWC’s same-store-sales growth has been stable and resilient over the years. We think the investing thesis of NWC as a disciplined capital allocator and consistent dividend grower remains intact. We are maintaining our rating at “B.”

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5i Recent Questions
Q: Hi 5i Team,

I have held DFY for awhile and have doubled my investment. Experience has taught me to take some money off the table when one of my stocks has reached this point. I'm thinking about selling 1/3 of the position and reinvesting the rest in 2 or 3 of the following stocks:

I have partial positions in BCE, EIF, NWC, WCN and X
I have full positions in T and TD and open to averaging down

My questions are:

1) Would you trim a position in DFY given current market conditions?

2) How do you currently rank the 7 other stocks listed

3) Would you add to existing positions in T and/or TD given their current outlooks or look elsewhere?

These are a held in a TFSA and are planned to be 15-20 year holds

Thanks for the Great Service and Happy New Year!

Colin
Read Answer Asked by Colin on January 03, 2025
Q: I would like your thought if it make sense to replace BCE with Rogers or Telus at all, or there are better alternatives , even in other sectors. Please suggest a few alternatives if outside of the above. Thank you as always
Read Answer Asked by DAVID on December 17, 2024
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