Investment Q&A

Q: KXS is on quite a terror lately. Any reasons why?

Q: What is the expected completion timeframe for DND's strategic review? What are your thoughts on what might happen?

Q: P/P $18.77 in RIF. Thinking of taking loss if chances of recovery are slim & drawn out.Please provide 2 replacements. Your opinion please.Txs for u usual great services & views

Q: Hi. Shareholders have been rewarded with a good dividend and a share price returning close to pre Covid levels. Think management was talking about negotiations underway on more acquisitions. Payout ratio is decreasing as well. Your thoughts on where this heading please and thank you

Q: Hello 5i team,
How much of AND's business evolves around the covid vaccines (just a rough estimate)?
Andrew

Q: What would you consider a good entry point for Byd.Ca? Do you still consider this a good long term investment?

Thank you again for your excellent service.
Donna

Q: Goeasy's loan book has grown from $30 million to $1.8 billion during the last ten years and is projecting to reach $3 billion by 2023. Given the high interest rates charged by the company (19.99% for home equity loan, 24.99% for auto loan, and 29.99% for personal loan based on their website), it's hard for me to understand how any borrower can afford such a high rate and the sustainability of their business model. Can you please shed some light? What will happen to the company's business when a severe recession hits or housing market crashes?

Thanks.

Q: What would be a good entry point for TOI? Would a partial position be OK today?

Q: Hi, Over several years now, Tech holdings have grown to be over 45% of our portfolio. Balance of our funds are invested in decent dividend paying companies - Banks, utilities, industrial and ENB. Largest tech weightings are : CSU - 15% and SHOP -11%, with other like LSPD - 6%, TOI- 5%, NVEI-4% and KXS-3%. Except, LSPD, a fairly large portion of all others shares are held in a Non-Regd account. We have already trimmed SHOP and CSU, over past 2-3 years, but still % weight keeps growing and their ACB is very low ( $300-$400 ).

We are approaching our retirement years and are trying to avoid large capital gains to our Estate, while still continue to own a large stake in these tech companies, over time. The plan is to trim highest % Tech holdings, in the Non Regd account, in a phased manner, each year, for next 15-20 years. In addition to a fairly large stream of dividend income, we also wish to supplement our cash flow/cash from sale of Non Regd Tech holdings. ( Our TFSA accounts are already loaded with LSPD, part SHOP/CSU). We really like CSU over SHOP for its steady-eddy growth/stable profile, although, both companies are unique and hold strong growth potential, we believe.

Questions:

1. Does it sound like a decent strategy, given our life stage/taxes ?
2. Is 45% Tech ownership reasonable for retirement years ( even if we are comfortable) ?
3. Is it reasonable to have 15% weight in CSU?
4. What would you suggest to trim each year - CSU or SHOP or any other companies above, and your reasoning, please.

Please deduct as many question credits, as needed.

Thank you so much.

Q: Peter,

Based on the share structure is there a danger of CSU draining the profits of TOI by charging exorbitant management fees or royalties etc ?

Thank you,

Paul

Q: Hi, we have a small <1% holding in Well Health. Stock does not seem to gain traction over $7-$8 level, despite great news time to time, over past 2 years. I know, you have a lot of conviction in the company, based on the CEO's past record. Even the last news of their majority share holder and HK business tycoon, snapping company's shares @ $9.50, during a private placement. My question is that is the stock worth holding due to its growth potential ( despite not so impressive price movement ) and if so, do you believe, it could reach $9-$10 in next 1-2 years. Or, we should be patient, expecting a buyer, at some point in the future.

Thank You

Q: There is an in depth article on Knight, Samira Sakhia and Jonathan Goodman in yesterday's Globe and Mail. Would you post it for me? Not sure how:).
Very important info for Knight faithful (like me!).

Q: Hi
BOS.CA Airboss seems to be making some good decisions lately that resonate with me. Blackbox, Ace acquisitions, increased divi, good ROE, valuation, insiders are net buyers This is one you used to cover...think you might revisit it or will this be a spark and fizzle for the company?
Thank you
J

Q: Looking in to your crystal-ball, do you see SYZ's dividend being cut or reduced? I am looking in to the company and know they're trying to transition to a more growth-focused company. Any predictions??

Q: I was given TOI shares for owning CSU. I am not selling, but when I do , what is the capital gain on the shares? Is it 100% because they were free? My bank shows them as all gain.

Q: I have read your recent report on this company and reviewing with the possibility of taking a position.
My concern is that in the history of questions you were not particularly in favor of this company for various reasons.
Can you review and be more specific to your apparent change to your view.
Thanks John

Q: Big bounce today on no news! (?) I've owned this since joining 5i. It has gone in and out of market favour but I've always enjoyed the dividend. I've been picking up dividend stocks for the last year and done well but I am not expecting a lot of growth from them from here. SYZ should get some decent growth and the yield is healthy. I like the SaaS field and this being tied to government work - which seems a way to get some beta away from the market business cycle. Does it really fit this bill? Yield makes me patient how do you see it over all?

TIA

Q: Hi, could you please clarify your position on ET. In your recent article on Reliable Retirement Streams you endorse it but in your answer to Chris on July 16th you said you would like to avoid it altogether. Thanks

Q: Any thoughts on Doman's recent reported results ?

Thanks

Dave

Q: I have done well with GSY ( thanks very much) and would like to add to my position. What in your opinion would be a good price to add new money?