Investment Q&A

Q: The top ten positions in my equity portfolio represent 30% of the portfolio. Among these top ten are TD, BAM, BAC and JPM. The financial sector represents 27.5% of the equity portfolio and the 5i analysis suggests that this be reduced to 15%. I am a new 5i client and don’t disagree with the direction the model is suggesting. Other holdings in the financial sector are: BMO, BNS,CG,C,MFC,PYPL,PNC,RY,SLF,BX,X,V. This is a bit messy but adding to the sector in the spring seemed like and was a good idea but now we need to be more conventional. I may be very wrong but I don’t consider BAM and X as financial services, particularly BAM. Looking at the holdings, what would you unload to bring down the financial sector exposure? Obviously a tax filter will be needed at my end. The question for another day will be an ask for recommendations to increase the under-weighted sectors. Having fun with the model and more importantly find it useful.
David

Q: I am a longterm holder in GPN wondering if it is time to gradually move on within the electronic payments space. Perhaps recent performance is just a stall from frothy heights or are they being pushed out by new entrants? Is GPN still the payments processor for some of the new service providers? I am not looking to jump on the fastest horse more looking for a reasonable expection of steady growth. GPN appears to have low recent growth, low ROE yet good margins. I also own Visa, Paypal and Ipay.

Thanks for your service, stay safe

Darrell

Q: Your thoughts on this company’s recent acquisition of Flexiti Financial and in general is their potential here with management debt etc.
Thanks Greg

Q: I’ve been holding BX forever and it has performed well. I recently added on the back of their latest quarterly results. Have a analysts been raising targets? What is consensus now? And what do you think of the company and investment? Thanks

Q: Hi,

Looking into future.....10-15 years time horizon. Your views on, How will Paypal/Square do VS visa/mastercard ? Which route will be preferred by people ?

CNR vs CP, which one is a better ?

Q: Hi 5i
Considering initiating a small position in this stock which is currently down off recent highs around -14% for a 2 year hold.
In your opinion will the EV revolution be a negative/positive/neutral for this stock?
Not withstanding your previous response to Adam on Jan 13-2021, would you be interested at these level?
Thx
JIm

Q: Hello - i have had almost a full position in BAM for some time and a smaller position in FFH. I had thought that FFH would pop on the Blackberry bonanza although it may have been to fleeting for FFH to capitalise on the surge but instead FFH has slipped today. What will it take for FFH to increase in value. For a longer term holder, am I better to add to BAM or FFH? Thanks

Q: Please kindly verify if the above bitcoin funds are qualified for TFSA by CRA ? Thank you.

Bill

Q: Looking to unload my position. Doubled my money not including dividends. But just wanted your thoughts on the stock. Balance sheet, outlook for US regional banks, insider ownership and lasts earnings call impressions. And maybe an overall grade if you guys ended up looking at it. Thanks.

Q: Hello Team,

Real Matters held their cc today. TD in a research note indicates that Real expects T&C to see a Tier 1 lender to be brought on board in the current quarter and for revenues to accrue in the 3rd quarter. While I note that the Company is working on getting a tier 1 lender into T&C, is that your takeaway from the call as well?

Q: From a value/ risk perspective what are your thoughts on the following rebalancing.
Move GSY from 4.65% of the total equity to 3%.
Then move ECN from 1% to 2.7%.
ECN is a recently initiated position.
Basically a partial switch.
Roy

Q: More of a comment to you answer to Paul's questions about PayPal and Visa as I recently asked a questions about the 2 companies, loved your summary, but you missed adding what I would think is something thats a huge growth area for Square and PayPal... Visa not so much... Cash App.

Taken from Square's recent earnings " Cash App delivered strong growth in the third quarter of 2020, generating $2.07 billion of revenue and $385 million of gross profit, which increased 574% and 212% year over year, respectively. Excluding bitcoin, Cash App revenue was $435 million, up 174% year over year"

Bitcoin and stock trading, drives engagement and then those customers tend to use more of the app, as you would know PayPal has Venmo whis is or was the leader in a similar space but Visa wouldnt have anything similar or do they?

Q: While i am still optimistic about STNE for the long term, it has recently been making a concerted dive for the bottom. What is your perspective on STNE’s recent « dive »?

Q: BLK took a sudden drop Jan 12 a few days after they announced good figures/Divi. At the same time they announced to be forced to sell China Telecom. Was that the reason for the big drop and it never recovered till now.. do you recommend I add USD to my BLK holding now at 3%.
Art

Q: It's been about 6 months since you commented on this company. With NIMs possibly improving, does this one look any better to you moving forward?
Thanks and regards,
Warren

Q: CIX seems to be making it's number of acquisitions but it's share price don't seem to move much.Could you comment ?

Q: Hello,

What do you think of BR, and also could you please share your favorite fintech companies in both Canada and US?

Thank you

Q: Can you please explain this notice, the dates are confusing:
Annual Redemption Valuation Date: June 15, 2021

Annual Redemption Payment Date: On or before the 15th business day following the Annual Redemption Date.
BMO InvestorLine has been advised of an Annual Redemption Privilege for THE BITCOIN FUND CLASS A UNITS.
Terms:
Option 1: Cash - (USD) Annual Redemption Privilege
To receive a redemption price per Unit equal to 100% of the Net Asset Value per Unit determined on the Annual Redemption Date, less any costs and expenses associated with the redemption, including commissions incurred by the Fund to fund such redemptions.
Important Notes:
As per the Prospectus dated March 31, 2020:
Units may be redeemed at the option of Unitholders on the first business day following the 15th day of June in each year commencing on June 16, 2021, subject to the Fund's right to suspend redemptions in certain circumstances. Units so redeemed will be redeemed at a redemption price equal to the Net Asset Value per Unit on the Annual Redemption Date, less any costs and expenses associated with the redemption, including commissions incurred by the Fund to fund such redemptions. Units must be surrendered for redemption on or before the last business day of the month of May preceding the applicable Annual Redemption Date. Payment of the proceeds of redemption will be made in U.S. dollars on or before the 15th business day following the Annual Redemption Date

Q: What is your evaluation of this company?

Q: Would you know any reason why Square as been taking a beating lately? Would it be a good time to buy now?