Investment Q&A

• North West Company Inc. (The) (NWC $53.11)
  • $53.11 P/E (TTM): 18.13X Cap: $2.52B
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Q: Thoughts on the quarter for NWC? The market didn't like the slower forecasted growth for the near term.
Thanks...Steve

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Read Answer Asked by Stephen on April 18, 2022

• Constellation Software Inc. (CSU $2,499.22)
  • $2,499.22 P/E (TTM): 75.89X Cap: $52.96B
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Q: Mark Leonard said this a while ago:
"When really good companies start trading at 5 and 6 times revenues, it’s time to start worrying.. I hope our shareholders are never in that position.."
Your company data shows CSU trading at 9 times sales. Should we worry?
Mike

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Read Answer Asked by michael on April 18, 2022

• Dye & Durham Limited (DND $4.40)
  • $4.40 Cap: $295M
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Q: Is this a screaming buy at current levels? Assuming the large acquisition does not go through or if it does?

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Read Answer Asked by Chris on April 14, 2022

• Shopify Inc. Class A Subordinate Voting Shares (SHOP $160.64)
  • $160.64 P/E (TTM): 126.99X Cap: $209.49B
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Q: Hello 5i team,
In light of the upcoming 10:1 split, are you still recommending SHOP at these price levels? Do you still rate the company at A- if you were to do a report?
Thank You,
Andrew

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Read Answer Asked by Andrew on April 14, 2022

• WSP Global Inc. (WSP $217.10)
  • $217.10 P/E (TTM): 29.14X Cap: $29.26B
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• FirstService Corporation (FSV $184.27)
  • $184.27 P/E (TTM): 44.86X Cap: $8.46B
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• Magna International Inc. (MG $71.65)
  • $71.65 P/E (TTM): 17.86X Cap: $20.19B
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• Thomson Reuters Corporation (TRI $128.04)
  • $128.04 P/E (TTM): 28.27X Cap: $56.83B
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• Nutrien Ltd. (NTR $102.69)
  • $102.69 P/E (TTM): 34.63X Cap: $49.63B
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• Waste Connections Inc. (WCN $223.32)
  • $223.32 P/E (TTM): 39.28X Cap: $57.62B
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Q: A year ago I asked for your opinion on these stocks to incorporate into my current portfolio of banks, utilities, REITS, infrastructure, etc. My first purchase was BAM With the current market decline I see an opportunity to purchase another stock. From a technical view which looks most attractive? From a fundamental view which looks the most attractive ? Which would you purchase next? Thanks. Derek

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Read Answer Asked by Derek on April 13, 2022

• Shopify Inc. Class A Subordinate Voting Shares (SHOP $160.64)
  • $160.64 P/E (TTM): 126.99X Cap: $209.49B
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Q: Hi 5i team - What amount of cash holdings does Shopify have. Also what is the level of profitability and what are the expectations for its growth in this area. Also has there been any significant insider trading recently and what is the overall insider ownership. Thanks.

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Read Answer Asked by Rob on April 13, 2022

• Xebec Adsorption Inc. (XBC $0.51)
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Q: How much value does this $113.5M contract add to XBC's value.
Also in what amount of time will that contract be delivered in?

Their revenue for all of 2021 was $126M so isn't this huge?
Thanks

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Read Answer Asked by Herm on April 13, 2022

• Constellation Software Inc. (CSU $2,499.22)
  • $2,499.22 P/E (TTM): 75.89X Cap: $52.96B
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Q: Anything on the radar to account for the recent strength?

Thx

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Read Answer Asked by blake on April 13, 2022

• Nuvei Corporation Subordinate Voting Shares (NVEI $47.61)
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• Topicus.com Inc. (TOI $97.51)
  • $97.51 P/E (TTM): 316.28X Cap: $13.02B
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Q: Good morning, Since growth, risk on etc. Is not in favor these days, do you think there is an opportunity cost in holding stocks like TOI, NVEI etc? Since it could be while before these type of stocks will be in favor again, thanks?

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Read Answer Asked by Pat on April 13, 2022

• Converge Technology Solutions Corp. (CTS $5.99)
  • $5.99 Cap: $1.12B
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Q: Have done very well with this one. However the current consensus appears to be that this is a $12 stock, but it is continually dropping. Thoughts & thanks...

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Read Answer Asked by Bruce on April 13, 2022

• TELUS International (Cda) Inc. Subordinate Voting Shares (TIXT $6.07)
  • $6.07 Cap: $1.68B
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Q: Hi everybody,
I bought TIXT at around $37.00 so I am really under water. Should I take a loss and move on, or do you think this stock will recover? Thanks so much for your great advice.
Jane

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Read Answer Asked by Jane on April 13, 2022

• TFI International Inc. (TFII $135.82)
  • $135.82 P/E (TTM): 35.04X Cap: $11.15B
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Q: My cost on TFII is around $90 and it looks like a recession is unavoidable at this point. Do you think it would make sense to sell this holding now with the idea of buying it back in 6 months at what should be support of around $75?

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Read Answer Asked by John on April 13, 2022

• goeasy Ltd. (GSY $35.95)
  • $35.95 P/E (TTM): 2.62X Cap: $577M
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Q: Hi

Is GSY exposed to a higher rate of loan defaults than the scheduled banks? It would seem that GSY takes on riskier clients and will be exposed as people start to default as rates rise. It's taken a beating the last few months. Is that what the market is concerned about?

Thanks,
Robert

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Read Answer Asked by Robert on April 13, 2022

• Shopify Inc. Class A Subordinate Voting Shares (SHOP $160.64)
  • $160.64 P/E (TTM): 126.99X Cap: $209.49B
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• Crocs Inc. (CROX $75.78)
  • $75.78 Cap: $3.80B
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• ExlService Holdings Inc. (EXLS $30.92)
  • $30.92 P/E (TTM): 20.08X Cap: $4.78B
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• Digital Turbine Inc. (APPS $3.12)
  • $3.12 Cap: $374M
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• dentalcorp Holdings Ltd. Subordinate Voting Shares (DNTL $11.00)
  • $11.00 Cap: $2.19B
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• LifeSpeak Inc (LSPK $0.32)
  • $0.32 Cap: $18M
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Q: Good Morning,
Have you identified any new growth stocks in U.S./CDN outside the 5i growth portfolio that have you excited on their long term growth potential?
Thanks

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Read Answer Asked by Curtis on April 12, 2022

• BRP Inc. Subordinate Voting Shares (DOO $84.62)
  • $84.62 Cap: $6.20B
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• Shopify Inc. Class A Subordinate Voting Shares (SHOP $160.64)
  • $160.64 P/E (TTM): 126.99X Cap: $209.49B
  • View SHOP Profile
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• goeasy Ltd. (GSY $35.95)
  • $35.95 P/E (TTM): 2.62X Cap: $577M
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• Aritzia Inc. Subordinate Voting Shares (ATZ $105.77)
  • $105.77 Cap: $12.20B
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Q: Based on today price, what are your top 5 stocks to hold in a TFSA for 10+ years with high growth and medium-low risk for that frame period ?
Can you rank then in order if there's one ?

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Read Answer Asked by Olivier on April 12, 2022

• Shopify Inc. Class A Subordinate Voting Shares (SHOP $160.64)
  • $160.64 P/E (TTM): 126.99X Cap: $209.49B
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Q: Grateful for your review of the pros and cons of the governance announcement to protect the CEO's voting powers during the upcoming stock split. Is it unusual ?

Thanks

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Read Answer Asked by TOM on April 12, 2022

• Trisura Group Ltd. (TSU $43.00)
  • $43.00 P/E (TTM): 14.48X Cap: $2.04B
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Q: Hi 5i,

In your recent 5i Screener : Cdn. quality growth stocks at a discount, you highlighted/bolded a number of stocks : TRUL.CD, TSU.TO, LCFS.TO, REAL.TO, MAGT.TO, AT.TO, EAGR.TO and IMCC.CD. Could you indicate your #1 and #2 picks from that list?

Much appreciated.

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Read Answer Asked by ralph on April 11, 2022

• Whitecap Resources Inc. (WCP $14.93)
  • $14.93 P/E (TTM): 14.64X Cap: $18.12B
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• goeasy Ltd. (GSY $35.95)
  • $35.95 P/E (TTM): 2.62X Cap: $577M
  • View GSY Profile
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Q: GSY seems to run out of steam in the last year, while WCP seems to have revived in the same period. Do you recommend a switch of GSY to WCP? Thanks.

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Read Answer Asked by Victor on April 11, 2022

• Shopify Inc. Class A Subordinate Voting Shares (SHOP $160.64)
  • $160.64 P/E (TTM): 126.99X Cap: $209.49B
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Q: what does todays announcement, 10 for 1 split, mean for the company and the stock? is it good? market so far seems to like it.

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Read Answer Asked on April 11, 2022

• Canadian Apartment Properties Real Estate Investment Trust (CAR.UN $35.27)
  • $35.27 P/E (TTM): 27.77X Cap: $5.42B
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• Tricon Residential Inc. (TCN $15.34)
  • $15.34 P/E (TTM): 28.0X
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• InterRent Real Estate Investment Trust (IIP.UN $13.31)
  • $13.31 Cap: $1.85B
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• Mainstreet Equity Corp. (MEQ $174.89)
  • $174.89 P/E (TTM): 5.84X Cap: $1.62B
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• Innovative Industrial Properties Inc. (IIPR $51.61)
  • $51.61 P/E (TTM): 12.84X Cap: $1.45B
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Q: Thinking of getting back into 1 or 2 real estate companies. Looking at IIP.un and MEQ. Can I have your opinion on these thwo? Are there others you would consider over the next 3 years?

Thank you, Mike

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Read Answer Asked by Michael on April 11, 2022