Investment Q&A

Q: Opinion on US Banks in General ? JPM at ATH but others (BAC ) not even close ?

Thanks

Greg

Q: Can you please give an update on COIN, especially in light of the new spot BTC etfs that are now available.

Coinbase charges 2.5% transaction fees, a business that will surely suffer now that there are ways to participate in BTC for 20 basis points. From what I rave read, COIN, as the custodian for several of these ETFs will be paid 5 basis points for AUM.

That’s 245 basis points lower than what they are make on their trading fees.

What is your outlook on this company? Is there any compelling reason to hold it? Please give your bull and bear case.

Thank you.

Q: TD appears to be in some trouble with both its business activity and its share price. Several questions about TD have been recently asked and the answers have been a bit bland. Can you assess the stock and all that is happening and give your view for the future. I have owned TD for many years but concerned with what is going on. It's not what I expect from a top bank. Just to recap some recent events at TD at a high level - earnings were a bit disappointing, a former employee was charged with drug money laundering and bank employees knew about a probe 6 months before disclosing it. The share price has recently dropped much more than its peers. A recent response from 5i that TD went ex dividend I don't think accounted for anywhere near the drop in price that day. Do you still consider it a top bank pick?

Q: Hi 5i,
My First look at markets in couple weeks and I see BMO is down almost 4.5 % since monday... Anything concerning happening here that we should be paying special attention to...short term/long term.


Thx

Q: I've owned this stock for over a year now. It moves with BTC and sometimes goes up and down proportionally and many times moves at a premium to BTC.

Over the last week it has performed very differently to how it has over the past year VASTLY underperforming the underlying asset.

I know all about the company and its holdings of BTC, don't spend time explaining that.

I've searched everywhere and cannot determine why MSTR is so underperforming BTC in the past 7 trading days where BTC has moved very bullishly.

eg.

Currently BTC is up 5.47% and MSTR is up 1.2%

Over the past 5 days BTC is up 9.75% and MSTR is down 8.9%

Can you advise why the major discrepency?


Thanks


Sheldon

Q: Hello,
I have built up a TRI position in a registered account since 2006, and it has now grown to become just under 10% of the portfolio. I plan on continuing to hold for many more years unless something changes.
Bearing in mind your usual advice about position sizing and over concentration, and understanding that you can't provide personal recommendations, is TRI a company that you would be more comfortable holding in an 8-10% weight, or a 6-8% weight?
Thanks.

Q: I am overweight in financials with BNS, TD, SLF, POW, Visa and underweight in Utilities. I was thinking of letting POW go. Thoughts on this?

For Utilities, I looked at TA with its very low P/E but it is still stuck in non-renewables at the moment. Thoughts on this? What utility (ies) would you suggest?

I am just asking for thoughts/suggestions.
Your advice is greatly appreciated.

Q: Have you any knowledge or information about the Bank of Canada injection of 30 Billion into the repo market this month?

Q: Hi 5i Research team,
Not a question:
the larger drop in price of TD yesterday was possibly due to the fact that “TD Bank executives knew about US probe six months before disclosing it” revealed by a report from The Capitol Forum yesterday. See G&M article for more details.
Thank you for your good work,
Eric

Q: Which are the best U.S. & Canadian mortgage companies from a financial stability and dividend continuity perspective?

Q: Hi there,

Can I please get your opinion on Payfare? Would you rate this a buy or sell and if a buy, at what price do you see as an entry point? If there are a red flag that would prevent you from adding it to your Growth Model Portfolio, what would that be?

Thank you!

Q: Good morning,

In light of this morning's news in the G&M re-TD, have your views changed at all following your answer to yesterday's question regarding the outsized drop in the share price beyond purely the 9th being its ex-dividend date?

Q: Follow up to my earlier question about TD. Your response was that all banks are being hit today. As of now (3:45pm), TD is down over 3% while others are down less than 1%. Can you offer anything to explain why TD is leading the pack by such a wide margin?

Q: TD is being hammered today (at noon). I don't see any news. Do you see anything that would explain it.

Q: Dear 5I:
The CEO of IGM believes they have done enough acquisitions, and wants to do a pivot and concentrate more on organic growth. The dividend is good, and secure, B/S good, Price at a wide discount to NAV, The big drawback that I see is that it is much lower in price than it was 10 years ago. Ugh!!! Any "chance in your mind"that his dream could turn to reality.
Thanks, BEN.

Q: Since noting the increase in the holding of IFC in the 5i BEPORT I have compared it to my holding in DFY to see if I should switch, but what I see is that IFC trades for a much higher PE and that performance since Nov 2021 has been only 27% vs 73% for DFY.

I understand that IFC is the industry leader, much bigger market cap, higher dividend etc but what is the real attraction here or is it that DFY is too small for the BEPORT?

Q: Can you comment on the fundamentals and valuation of OTCM

Q: Hi 5i.

Fiera is up 25% over the past month, but I haven't seen any news that would account for this. Are you aware of any developments there?

Q: With the potential Bit Coin Spot ETF ruling on January 10th from the SEC being a positive one for BlackRock, Vanguard, Fidelity, Ark and other Investment Companies, does it make sense (and dollars) to take a nibble on HIVE or MARA (knowing there would be a 30% currency hit in the case of Mara)? I realize things will be very volatile so just a small position to start. Thanks, Lesley

Q: Does the increase in catastrophic weather not impact the P&C companies? Maybe they will just increase premiums to offset the new normal?