Q: I’ve seen lots of support for GIL on your answers and it is a holding of your balanced portfolio. Would the 4% drop today be a good entry point? Thank you
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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: SJ was removed from the portfolio. Is s ok to buy now.Txs for u usual great services & views
Q: Can you add more info on SHOP after their earnings call. Quite a stunning quarter. Expected it to good but not that good.
Q: Please comment on the quarter
Q: This is an observation on Knight after your response to Cheryl's inquiry and your revised position stating you are getting edgy about this company.
One aspect of investing I have learned from my time with 5i is to have patience with a company and to not react to one quarter results.
Regarding Knight, we waited and waited and finally they did a solid acquisition which closed at the end of November 2019. 5i indicated it was a good deal for Knight.
They have not completed the deal as they are still pursuing the 48% from BTO shareholders. This is an unusual way to buy a company and it taking a long time.
However, after they pay everything, they will have no debt, lots and lots of cash and have repurchased over 12M Knight shares. They are presently doing a second NCIB with the intent of buying another 10,8M shares. So, they are buying 20% of the floating shares, enhancing shareholder value. Should they have started a dividend instead? I think that was too early and approve of their share repurchase. However, does that mean they don't see any future deals on the near term horizon? I do not know but they will still have a few hundred million...
They have now reported one quarter. The sales met one analyst's estimate but fell short with the other two. Not exactly a disaster considering it is a new company in new and faraway countries during a pandemic. The company says the virus is a non-factor but many in South America, and everywhere, are more reluctant than usual to seek medical treatment that is not absolutely necessary because we want to stay home and that has to hurt drug sales.
I think this company's share price will be double by this time next year and will be approaching $25 - $30 by the end of 2023. Considering the high valuations in the market today, this seems like a prudent investment. If they have not performed by December 2023, I will sell my large position and take the bath. However, I am not buying any soap today.
Do you have any update on whether they have purchased any shares on the second repurchase? And, they were late reporting the last quarter so when do they report again?
It is almost unthinkable to differ from your opinion on any stock because you are all so smart. We'll just have to see on this one but I think it's too early to expect so much after waiting so long...
Thank you.
One aspect of investing I have learned from my time with 5i is to have patience with a company and to not react to one quarter results.
Regarding Knight, we waited and waited and finally they did a solid acquisition which closed at the end of November 2019. 5i indicated it was a good deal for Knight.
They have not completed the deal as they are still pursuing the 48% from BTO shareholders. This is an unusual way to buy a company and it taking a long time.
However, after they pay everything, they will have no debt, lots and lots of cash and have repurchased over 12M Knight shares. They are presently doing a second NCIB with the intent of buying another 10,8M shares. So, they are buying 20% of the floating shares, enhancing shareholder value. Should they have started a dividend instead? I think that was too early and approve of their share repurchase. However, does that mean they don't see any future deals on the near term horizon? I do not know but they will still have a few hundred million...
They have now reported one quarter. The sales met one analyst's estimate but fell short with the other two. Not exactly a disaster considering it is a new company in new and faraway countries during a pandemic. The company says the virus is a non-factor but many in South America, and everywhere, are more reluctant than usual to seek medical treatment that is not absolutely necessary because we want to stay home and that has to hurt drug sales.
I think this company's share price will be double by this time next year and will be approaching $25 - $30 by the end of 2023. Considering the high valuations in the market today, this seems like a prudent investment. If they have not performed by December 2023, I will sell my large position and take the bath. However, I am not buying any soap today.
Do you have any update on whether they have purchased any shares on the second repurchase? And, they were late reporting the last quarter so when do they report again?
It is almost unthinkable to differ from your opinion on any stock because you are all so smart. We'll just have to see on this one but I think it's too early to expect so much after waiting so long...
Thank you.
Q: Hi, Could you please post Shopify quarter street estimates for Rev/EPS. Thanks
Q: Absolute has doubled to 7% of my portfolio. Do I sell half or wait a few more months, see what happens?
Q: Is there any indication that LSPD is diversifing toward Businesses not so impacted by Covid 19 . Heard this weekend its been 6 months since 1st Covid case in Canada ( Officially) . Hoping they can Pivot and change to other customers as I am sure demand is huge . Thoughts ?
Many Thanks,
Greg
Many Thanks,
Greg
Q: Hello. I have a two 'DSG questions':
Given KXS is currently 4.5% of my portfolio - would you add some DSG... or is this an unnecessary overlap?
Why do you think KXS has significantly outperformed DSG since March?
Thanks!
Given KXS is currently 4.5% of my portfolio - would you add some DSG... or is this an unnecessary overlap?
Why do you think KXS has significantly outperformed DSG since March?
Thanks!
- Photon Control Inc. (PHO)
- Constellation Software Inc. (CSU)
- Descartes Systems Group Inc. (The) (DSG)
- Badger Infrastructure Solutions Ltd. (BDGI)
- Kinaxis Inc. (KXS)
- Premium Brands Holdings Corporation (PBH)
- Aritzia Inc. Subordinate Voting Shares (ATZ)
- Boyd Group Services Inc. (BYD)
Q: What are the prospects for badger daylighting in the next year? What companies in your balanced equity portfolio do you predict will have solid growth over the next Couple years?
Also your outlook for pho over the next year?
Also your outlook for pho over the next year?
Q: What is going on with GUD in your opinion? The market is not liking it too much.
Q: Recently selling by 2 directors & Ceo ranging $74.97 to $78.50 recent record $78.50 H ,$72.335 current price) Please comment.Is this opportunity to start a position in view of above & sell off of the Tech sector the last 2weeks after superior performance. Txs for u usual grest services & views
Q: Hi, Any comments or read into the 4 large block trades/cross with a total of 759,700 shares by Acumen Capital, Thursday ? On Wednesday also, there was a large trade of 34,200 shares. For a thin trader like Sylogist, it's a bit out of norm. Someone, building a large position or NCIB buybacks by the company ? Thanks
Q: Do you consider their high P/E and low profits an issue or is this common for a company who is cery active in acquisitions? Thanks
Q: Can you please give me the bull and bear case for cpx
Q: i have owned Magna for some years. i know 5I likes it. it is slowly moving up from the lows it felll for no good reason
Do you believe it will move up and not down in the coming months
Do you believe it will move up and not down in the coming months
Q: How would you compare Altus vs Real? Is any one preferable over the other or better to hold both? How would you compare their respective risk profile, valuation, etc ?
Many thanks
Many thanks
Q: Is it too late to add this to my portfolio based on its hugh run up.
- Canadian Apartment Properties Real Estate Investment Trust (CAR.UN)
- Boardwalk Real Estate Investment Trust (BEI.UN)
- Northview Apartment Real Estate Investment Trust Trust Units (NVU.UN)
- InterRent Real Estate Investment Trust (IIP.UN)
- Killam Apartment Real Estate Investment Trust (KMP.UN)
- Morguard North American Residential Real Estate Investment Trust (MRG.UN)
- Minto Apartment Real Estate Investment Trust (MI.UN)
Q: Hello 5i Team
Thank you for the new update on Interrent REIT.
Reviewing the new report on Interrent REIT, the Peer Relative Evaluation section compares Interrent against ten REITs, however only two of the ten REITs (CAR.UN & NVU.UN) are in the residential apartment sector.
1 - Please comment on how companies are selected for the Peer Relative Evaluation section.
2 - Would it be more appropriate to compare Interrent against the major residential apartment REITs (BEI.UN, CAR.UN, KMP.UN, MI.UN, MRG.UN, NVU.UN) than to the Office, Industrial, Retail REIT section?
3 - Also given NVU.UN is subject to a takeover, is this a reasonable comparison?
Thanks
Thank you for the new update on Interrent REIT.
Reviewing the new report on Interrent REIT, the Peer Relative Evaluation section compares Interrent against ten REITs, however only two of the ten REITs (CAR.UN & NVU.UN) are in the residential apartment sector.
1 - Please comment on how companies are selected for the Peer Relative Evaluation section.
2 - Would it be more appropriate to compare Interrent against the major residential apartment REITs (BEI.UN, CAR.UN, KMP.UN, MI.UN, MRG.UN, NVU.UN) than to the Office, Industrial, Retail REIT section?
3 - Also given NVU.UN is subject to a takeover, is this a reasonable comparison?
Thanks
Q: Hi 5i team, I understand that you do not take target price seriously but what do you make of recent shopify case, ranging 1100 to 280. Is there any accountability for those analyst making such prediction? Thanks.