Investment Q&A

Q: Hi 5i,

I own Lightspeed and I am very happy with it, but I struggle to understand the valuation. Closing in on $100 a share which is an $11B market cap. Is the stock getting ahead of itself. Its tough not to take a double in a stock price in 2 months when there's a huge disconnect in valuation. They've made a couple of acquisitions and launched this new supply chain system, but they went from a $4B market cap to $11B in short order and are up 547% since the March lows. I'm itching to sell!! :)

Jason

Q: K-Bro Linen has had a nice increase since your last comment on Nov 12, 2020. Has your outlook been revised on this based on the current share price? I hold a very small position. Would you still hold, or consider other alternatives elsewhere?

Q: Hi, my respected 5i team
Similar to my last question, these 3 high teck stocks are Canadian.
What do you think about the valuations here and are they still safe to hold?

Q: Is Lightspeed Venture Funds part of Lightspeed POS which is in the Growth Portfolio.

Thank You for you great work
Clarence

Q: GUD (Knight Therapeutics) is in your model balanced portfolio and is down 48%. Would you explain why and if these are a buy today?

Q: Hi 5i team,
Where is the PR group of KXS these days? They are strangely silent on the Blue Yonder complaint in a Texas court on patent infringement. The only item I see is the Dec 14th release saying that KSX will vigorously defend itself against the claims. That’s it. Has it gone to trial? Has KXS set out any defense? Most companies under attack would at least issue some sort of rebuttal. What do you make of this silence?
Thanks again.
Dave

Q: Hi,

Question from Penny on January 4th about the buyout. You said we need to advice our broker that we want to tender to the offer. This is also my first time holding a company that has been bought out.

Just to make it clear, when doing this the shares will be tendered at 15.22$ (purchase price from Goldman) or at market price of the day?

thank you

Q: Given the thesis's that has recently been discussed in Seeking Alpha and in the Globe, as well as NFI's high market share/strong relationships, and the guidance provided in today's Investor Presentation, I would think that the stock has the potential to rise greater than the 52 week high of $33.94 in the near future. The main driver is the move to Zero Emission Buses (ZEB), in part aided by infrastructure spending/subsidies, from traditional buses.

NFI had been trading at $59.00 in February of 2018. At that time the Fiscal 2017 Performance was Revenue: US $2.38B, Adjusted EBITDA: US $318.0M and Return on Sales: 13.4%. That was prior to their acquiring Alexander Dennis.

NFI had their "Virtual Investor Day" this morning; which would have been a greater catalyst than the Seeking Alpha article. I watched the investor day video
https://www.nfigroup.com/investor-relations/investor-day-2021/ this evening, during which NFI:
- reaffirmed its financial guidance for 2020, including Adjusted EBITDA of $145 million to $155 million;
- announced its financial guidance for 2021, including Adjusted EBITDA range of $220 million to $240 million, representing a potential improvement of over 50% from 2020 expectations; and
- announced longer-term targets for 2025, including Adjusted EBITDA of $400 million to $450 million and a Return on Invested Capital ("ROIC") target above 12%.

Given the above, as well as the state of today's markets as it relates to renewables and EV's do you think that we might see NFI trading at or near $60 in the next year?

Thanks for the great work you do!!!

Cory

Q: Please explain why you have moved SHOP from your Growth Portfolio to BE. Thx.

Q: hi team:

stn has gone up in the last week or so, any news? i have a partial position

add? hold or sell?

pays a nice dividend

thanks
michael

Q: Can you comment about the two new acquisitions this morning

Thank you

Q: Currently own Kinaxis in my TFSA. Considering selling half to also purchase Lightspeed. Which do you think has the greatest growth potential? Thanks.

Q: my purchase of csu stock settled jan 8. would I still receive Topicus shares?

Q: Hi folks, waited for tax loss season and bought full position in Knight for my TFSA . What significance, if any, does..."Signed a new exclusive distribution agreement with Gilead for the continued commercialization of AmBisome in Brazil, effective Jan. 1, 2021.", have for Knight. The potentials with Knight seem pretty good...even if they work at a snail's pace. Overall opinion on company into 2021. Thanks as always, jb Piedmont QC

Q: It looks like CSU has paid a dividend of "topicus.com inc svs" shares - at least they've popped up in my brokerage account. Would you please fill me in on what has happened.

Q: Looking at its stock price chart NFI turned the corner late last year and is making steady progress upward. How do you assess it going forward?

Q: Would you be comfortable buying BYD for a long-term hold at today's levels? Do you believe in it as must-own growth stock? Thanks.
*edit:. Not a must-own company, rather, a great company to own for a long-term hold as part of a diversified portfolio. Thanks.

Q: On the most recent BI model portfolio Boyd gets an A- rating. The most recent report I could find on this company is from Jan 2019 with a B+ rating. Is there a more recent report that I'm missing and could you post a link?

Thanks

Q: The other day under the CSU newsfeed and story came out about the subsidiary Harris bulking up. Maybe because of Topicus I am paying more attention but: Is this a way for CSU to indicate a further potential spinout? I was thinking of selling some CSU (for reasons you suggested others were earlier today) but then again (if reasoned true) this seems an extraordinary opportunity to let them engineer further upside for the stock owner. Is this a reasonable position to take?

Q: Stock seems to be on steady daily decline last few weeks and yet, to my knowledge, no news and market doing well overall during this period.
Any info or simply profit taking?
thanks
Sherrill