Investment Q&A

• Intact Financial Corporation (IFC $282.09)
  • $282.09 P/E (TTM): 23.04X Cap: $50.53B
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• Trisura Group Ltd. (TSU $39.21)
  • $39.21 P/E (TTM): 15.81X Cap: $1.89B
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• Arch Capital Group Ltd. (ACGL $93.16)
  • $93.16 P/E (TTM): 8.49X Cap: $33.28B
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• Kinsale Capital Group Inc. (KNSL $394.96)
  • $394.96 P/E (TTM): 19.34X Cap: $9.23B
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• RLI Corp. (DE) (RLI $63.04)
  • $63.04 P/E (TTM): 16.33X Cap: $5.70B
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Q: With Buffet's recent disclosure of a large position in CHUBB and increasing natural disasters like forest fires in Canada etc would you reccomend having an allocation in the insurance sector? If so any names that standout?
Thanks, Lesley

Upvote 5

Read Answer Asked by Lesley on May 23, 2024

• BMO Covered Call Canadian Banks ETF (ZWB $23.59)
  • $23.59 P/E (TTM): 11.77X
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Q: If TD gets overly fined and drops the stock price will that have an effect on ZWB's price,? When that one American Bank died ZWK has still not recovered.

Upvote 1

Read Answer Asked by John on May 23, 2024

• Royal Bank of Canada (RY $205.25)
  • $205.25 P/E (TTM): 15.64X Cap: $293.30B
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• Toronto-Dominion Bank (The) (TD $113.89)
  • $113.89 P/E (TTM): 9.65X Cap: $197.84B
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• Bank of Nova Scotia (The) (BNS $93.95)
  • $93.95 P/E (TTM): 17.99X Cap: $117.95B
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• Bank of Montreal (BMO $174.08)
  • $174.08 P/E (TTM): 14.58X Cap: $126.70B
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• Canadian Imperial Bank Of Commerce (CM $120.48)
  • $120.48 P/E (TTM): 14.51X Cap: $113.29B
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• National Bank of Canada (NA $161.91)
  • $161.91 P/E (TTM): 15.79X Cap: $63.90B
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Q: Hello,

What are your recommendations for Canadian banks for a TFSA with a 15+ year horizon?

Upvote 10

Read Answer Asked by Luc on May 22, 2024

• Toronto-Dominion Bank (The) (TD $113.89)
  • $113.89 P/E (TTM): 9.65X Cap: $197.84B
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Q: I read a more detailed US legal article on the TD money laundering scandal in NY/NJ and was quite disturbed. It has been a core holding of mine for a full decade. Thinking of taking it down from a full to a half position while the DOJ probe and further sanctions play out. Would you caution against this at this time (with damage already done to stock) or do you think its a prudent move?

Upvote 6

Read Answer Asked by Patrick on May 22, 2024

Q: Asking your views for CompoSecure and SurgePays please thanks.

Upvote 1

Read Answer Asked by MG on May 22, 2024

• First National Financial Corporation (FN $47.98)
  • $47.98 P/E (TTM): 15.73X Cap: $2.87B
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Q: It seems that mortgage investment corporations pay a nice interest . Do you like them for income? If so, which ones do you like? Thanks. cheers

Upvote 1

Read Answer Asked by Hans on May 22, 2024

• Timbercreek Financial Corp. (TF $6.70)
  • $6.70 P/E (TTM): 15.32X Cap: $563M
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Q: Could I have your thoughts on the new CON DEB issue- assume it ranks above the common dividend - but at 7.5 % still high risk ? Ok for a limited investment

Upvote 1

Read Answer Asked by Scott on May 22, 2024

• Element Fleet Management Corp. (EFN $35.77)
  • $35.77 P/E (TTM): 26.68X Cap: $15.17B
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Q: Comments please on EFN's latest quarterly results. I have a half position. Do you think that this is a hold or buy more.

Thanks, Tim.

Upvote 5

Read Answer Asked by tim on May 21, 2024

• Purpose Bitcoin ETF (BTCC $17.77)
  • $17.77 Cap: $903M
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Q: Could you please advise me on which ETF you would recommend for trading Bitcoins in Canadian Dollars. High daily trading volume, Liquidity and bid/ask spread are important criteria.
Thank you

Upvote 4

Read Answer Asked by francois on May 21, 2024

• Manulife Financial Corporation (MFC $48.34)
  • $48.34 P/E (TTM): 14.85X Cap: $81.93B
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• Sun Life Financial Inc. (SLF $82.52)
  • $82.52 P/E (TTM): 20.3X Cap: $47.06B
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Q: To all at 5i: I have heard that MFC is powering ahead and SLF is struggling. Your thoughts will be appreciated. Thank you

Upvote 4

Read Answer Asked by Barbara on May 21, 2024

• ONEX Corporation Subordinate Voting Shares (ONEX $107.00)
  • $107.00 P/E (TTM): 10.77X Cap: $7.51B
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Q: Please comment on its most recent Q. Would you continue to hold or is there another name which you would buy as a replacement? Is BN or CSU a good proxy?

Upvote 1

Read Answer Asked by John on May 17, 2024

• Propel Holdings Inc. (PRL $21.76)
  • $21.76 P/E (TTM): 9.74X Cap: $878M
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Q: Hi, Why the Propel stock keeps dropping, despite excellent results ? Now, seems like, it has broken below the $25 support level ( recent gap up after earnings ) and is down $6 or, 20%, from the post earning bounce. Is it worth accumulating around $23 ? Thanks

Upvote 15

Read Answer Asked by rajeev on May 16, 2024

• Brookfield Business Partners L.P. (BBU.UN $44.00)
  • $44.00 Cap: $9.32B
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Q: Would you consider this stock investable at this time for long term - 5 years or longer or you would prefer other Brookfield family stocks ?

Upvote 3

Read Answer Asked by Miroslaw on May 16, 2024

• Goldman Sachs Group Inc. (The) (GS $809.64)
  • $809.64 P/E (TTM): 16.46X Cap: $251.63B
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• Royal Bank of Canada (RY $205.25)
  • $205.25 P/E (TTM): 15.64X Cap: $293.30B
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• Canadian Imperial Bank Of Commerce (CM $120.48)
  • $120.48 P/E (TTM): 14.51X Cap: $113.29B
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• Intact Financial Corporation (IFC $282.09)
  • $282.09 P/E (TTM): 23.04X Cap: $50.53B
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• EQB Inc. (EQB $86.18)
  • $86.18 P/E (TTM): 9.82X Cap: $3.34B
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• Propel Holdings Inc. (PRL $21.76)
  • $21.76 P/E (TTM): 9.74X Cap: $878M
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Q: Hi, We own RY/CM/GS- 12% , IFC - 2.75% and PRL -1% among Financials. In addition, we bought EQB - 1% position at $85, based on strong analyst commentary, a month ago. We need some cash to raise and were wondering if it is necessary to own EQB or with about 15% weight through above holdings, we can let the EQB go.

Thank You

Upvote 5

Read Answer Asked by rajeev on May 15, 2024

• Alaris Equity Partners Income Trust (AD.UN $19.37)
  • $19.37 P/E (TTM): 5.22X Cap: $887M
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• goeasy Ltd. (GSY $122.84)
  • $122.84 P/E (TTM): 9.3X Cap: $2.05B
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Q: WHICH do you prefer and why? Could you justify holding both? Thanks

Upvote 4

Read Answer Asked by Donald on May 15, 2024

• Toronto-Dominion Bank (The) (TD $113.89)
  • $113.89 P/E (TTM): 9.65X Cap: $197.84B
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• Royal Bank Of Canada (RY $146.19)
  • $146.19 P/E (TTM): 15.64X Cap: $209.35B
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Q: Follow-up to TD proxy, I already have a FULL position in RY;; next choice?

Upvote 7

Read Answer Asked by Dr. Donald J on May 14, 2024

• Toronto-Dominion Bank (The) (TD $113.89)
  • $113.89 P/E (TTM): 9.65X Cap: $197.84B
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Q: Looking for a proxy replacement for TD. The near to mid-term prospects for the bank appear uncertain at best and perhaps subject to substantial fines and/or restrictions to future M&A etc. at worst. What comparable financial institution would you suggest as an substitute. Many thanks, Rockdoc

Upvote 7

Read Answer Asked by Dr. Donald J on May 14, 2024

• Propel Holdings Inc. (PRL $21.76)
  • $21.76 P/E (TTM): 9.74X Cap: $878M
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Q: Any reason you see for this pullback below its low price post earnings.I thought they were excellent with strong guidance also.

Upvote 12

Read Answer Asked by Kim on May 14, 2024

• CI Financial Corp. (CIX $31.99)
  • $31.99 Cap: $4.58B
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Q: Why such a big downward move last week over 2.00 down.Did I miss a report and big amount of shares were sold.Tks 5i

Upvote 3

Read Answer Asked by Guy on May 13, 2024

• Toronto-Dominion Bank (The) (TD $113.89)
  • $113.89 P/E (TTM): 9.65X Cap: $197.84B
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Q: With regard to the money laundering attibuted to TD in their US branches. The media reports referenced "duffel bags" of cash presented to tellers for deposit.
Is there not a rule or regulation that any cash transactions over $10,000 as being required to be investigated. or is that in Canada only Also would not the other tellers/manger not see this happening? Sounds crazy.

Upvote 6

Read Answer Asked by Reg on May 13, 2024