Investment Q&A

• KKR & Co. Inc. (KKR $130.24)
  • $130.24 P/E (TTM): 54.84X Cap: $115.35B
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• Blackstone Inc. (BX $151.37)
  • $151.37 P/E (TTM): 43.6X Cap: $112.35B
  • View BX Profile
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• Carlyle Group Inc (The) - Ordinary Shares (CG $56.22)
  • $56.22 P/E (TTM): 32.03X Cap: $20.58B
  • View CG Profile
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• Brookfield Corporation Class A Limited Voting Shares (BN $64.32)
  • $64.32 P/E (TTM): 92.1X Cap: $144.91B
  • View BN Profile
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• Brookfield Asset Management Ltd. Class A Limited Voting Shares (BAM $73.73)
  • $73.73 P/E (TTM): 32.65X Cap: $118.67B
  • View BAM Profile
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Q: Can you please tell me what the difference is between BN and BAM? What one is better/why did they split it out?

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Read Answer Asked by Max on January 10, 2023

• Sun Life Financial Inc. (SLF $81.10)
  • $81.10 P/E (TTM): 20.28X Cap: $45.21B
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Q: Why has the last year been so tough for SLF? Shouldn't they benefit from higher interest rates?

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Read Answer Asked by Andrew on January 10, 2023

• Fiera Capital Corporation Class A Subordinate Voting Shares (FSZ $5.89)
  • $5.89 P/E (TTM): 23.84X Cap: $635M
  • View FSZ Profile
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Q: Hello 5i team,
Just a few questions on FSZ. It seems that the stock has been in a holding pattern for the past 2.5 years. Where is the payout ratio at these days with the stock? Has the AUM increased or decreased in the last few quarters?

Are you still confident of this stock in the income portfolio?

Andrew

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Read Answer Asked by Andrew on January 10, 2023

• Brookfield Corporation Class A Limited Voting Shares (BN $64.32)
  • $64.32 P/E (TTM): 92.1X Cap: $144.91B
  • View BN Profile
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• Brookfield Asset Management Ltd. Class A Limited Voting Shares (BAM $73.73)
  • $73.73 P/E (TTM): 32.65X Cap: $118.67B
  • View BAM Profile
  • View Questions on BAM

Q: Wondering if you can help me figure this out Peter,

Bought 360shares of BAM.A at $54.62. Spin off took place and I ended up with 90 shares of Bam and 360 shares of BN. In making my calculations after everything is settled, it looks like Today I am sitting at roughly $19,678 - original investment was 19,680.

Is this a sell, hold or buy right now??? Its a little confusing for a simpleton such as me.

Thank you for all you do

gm

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Read Answer Asked by Gord on January 10, 2023

• Brookfield Asset Management Ltd. Class A Limited Voting Shares (BAM $73.73)
  • $73.73 P/E (TTM): 32.65X Cap: $118.67B
  • View BAM Profile
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Q: The Brookfield companies have become a rather complicated set of stocks. Would you consider issuing a report on the group as a whole with suggestions as to which of the group you most favour and in which accounts we should consider holding the various properties?

Thanks in Advance!

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Read Answer Asked by David on January 09, 2023

• Fiera Capital Corporation Class A Subordinate Voting Shares (FSZ $5.89)
  • $5.89 P/E (TTM): 23.84X Cap: $635M
  • View FSZ Profile
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  • View Reports on FSZ

Q: With canaccord trying to go private could FSZ try the same? How much do insiders own today of FSZ?


Thx

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Read Answer Asked by blake on January 09, 2023

• The Travelers Companies Inc. (TRV $279.87)
  • $279.87 P/E (TTM): 11.05X Cap: $62.65B
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• Intact Financial Corporation (IFC $274.76)
  • $274.76 P/E (TTM): 22.83X Cap: $48.71B
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• Definity Financial Corporation (DFY $70.69)
  • $70.69 P/E (TTM): 21.1X Cap: $8.54B
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Q: Hello and Happy 2023:

IFC Is this company going to struggle or prosper for the next couple of years? If there are competitors that you think will do better could you please advise.

Thanks
Flo

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Read Answer Asked by Florence on January 09, 2023

Q: My broker has suggested I look into National Banks auto callable note securities (mature monitered Barrier) linked to the Solactive Canada Bank 40 AR index. Issuance date is Monday January 13. Its a 5 year note callable semi annually. Returns seem to be very good. I have absolutely no experience with callable notes and would like your opinion on this note. I am told that if the shares of banks go up in the next 5 years it is a good investment.

Wayne

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Read Answer Asked by Wayne on January 09, 2023

• Brookfield Corporation Class A Limited Voting Shares (BN $64.32)
  • $64.32 P/E (TTM): 92.1X Cap: $144.91B
  • View BN Profile
  • View Questions on BN
• Brookfield Asset Management Ltd. Class A Limited Voting Shares (BAM $73.73)
  • $73.73 P/E (TTM): 32.65X Cap: $118.67B
  • View BAM Profile
  • View Questions on BAM

Q: I assume when you suggest BAM you are referring to BAM and not BN? I think many of us are still getting confused at times.

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Read Answer Asked by Earl on January 06, 2023

• Brookfield Corporation Class A Limited Voting Shares (BN $64.32)
  • $64.32 P/E (TTM): 92.1X Cap: $144.91B
  • View BN Profile
  • View Questions on BN

Q: Happy New Year to 5i.
I have some cash available in my unregistered CDN account and looking to put it to work. Unfortunately, last years workers were lazy and negatively productive and still on the payroll. I wish I could lay them all off. Hoping for better in 2023.

I know you don't like to give personal advice but can you please recommend a hard worker that has the highest probability (in your opinion) of the paying me back in 2023?

Thanks!

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Read Answer Asked by Danny-boy on January 06, 2023

• HSBC Holdings plc. (HSBC $71.02)
  • $71.02 P/E (TTM): 11.26X Cap: $243.34B
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Q: HSBC is refocusing their business to Asia, sold their interests in Canada and is looking to sell in NZ. Based on their fundamentals and strategy, do you think their stock will perform better or worst in the next 6 months? Thanks.

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Read Answer Asked by CK on January 06, 2023

Q: What do you know about BitIQ? I've read about outlandish claims about how by using AI it is generating huge gains. It sounds like a scam but I haven't been able to verify it.

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Read Answer Asked by Gary on January 06, 2023

• Brookfield Corporation Class A Limited Voting Shares (BN $64.32)
  • $64.32 P/E (TTM): 92.1X Cap: $144.91B
  • View BN Profile
  • View Questions on BN

Q: Good day. Could you please advise the sector to which this new stock belongs. I am having difficulty finding this information. Thanks so much

Cheryl

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Read Answer Asked by Cheryl on January 06, 2023

• Sagicor Financial Company Ltd. (SFC $8.55)
  • $8.55 P/E (TTM): 6.22X Cap: $1.13B
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Q: I purchased SFC mostly for the dividend. Down about 10%. What are your thoughts on the safety of the dividend, SFC overall, and prospects for 2023 and beyond ?

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Read Answer Asked by Randy on January 05, 2023

• Thomson Reuters Corporation (TRI $179.74)
  • $179.74 P/E (TTM): 33.87X Cap: $82.14B
  • View TRI Profile
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Q: While normally one of my favourite choices on a "buy it and forget it" basis, TRI seems extremely highly valued at this point. Would I be better off at this point exchanging my 7% holding of TRI for a combination of BNS, SLF, and T?

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Read Answer Asked by David on January 04, 2023

• Affirm Holdings Inc. (AFRM $68.11)
  • $68.11 P/E (TTM): 103.02X Cap: $22.44B
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Q: Your thoughts on AFRM? Would you put some money to work here if you assume the Fed 'pauses' in a couple of months?

As alway, thanks for your great input.

Dave

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Read Answer Asked by David on January 04, 2023

• Clairvest Group Inc. (CVG $70.43)
  • $70.43 Cap: $969M
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• Brookfield Asset Management Ltd. Class A Limited Voting Shares (BAM $73.73)
  • $73.73 P/E (TTM): 32.65X Cap: $118.67B
  • View BAM Profile
  • View Questions on BAM

Q: Hello Peter,
What is your view on Clairvest Group? Is it in the same space as the new BAM(asset manager)? Thanks very much.

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Read Answer Asked by umedali on January 04, 2023

• Bank of Nova Scotia (The) (BNS $99.39)
  • $99.39 P/E (TTM): 19.09X Cap: $123.23B
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• Canadian Imperial Bank Of Commerce (CM $125.04)
  • $125.04 P/E (TTM): 15.24X Cap: $116.75B
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Q: Can you offer a coles notes assessment as to why these two banks declined 25% this year vs. 10 or less for the rest of the big 6?

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Read Answer Asked by Kim on January 04, 2023

• Brookfield Corporation Class A Limited Voting Shares (BN $64.32)
  • $64.32 P/E (TTM): 92.1X Cap: $144.91B
  • View BN Profile
  • View Questions on BN
• Brookfield Asset Management Ltd. Class A Limited Voting Shares (BAM $73.73)
  • $73.73 P/E (TTM): 32.65X Cap: $118.67B
  • View BAM Profile
  • View Questions on BAM

Q: I assume the dividend for both will be paid in USD. Can you confirm? If so, I will transfer the shares to my UD non registered to avoid conversion costs :) Thanks and Happy New Year!

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Read Answer Asked by Don on January 03, 2023

• goeasy Ltd. (GSY $123.60)
  • $123.60 P/E (TTM): 8.97X Cap: $1.97B
  • View GSY Profile
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Q: How much runway does Goeasy have? Has it much business internationally? Will it need to expand internationally to keep up the high growth rates?

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Read Answer Asked by Michael on January 03, 2023