Investment Q&A

• Royal Bank of Canada (RY)
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• Toronto-Dominion Bank (The) (TD)
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• Bank of Nova Scotia (The) (BNS)
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• Bank of Montreal (BMO)
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• CIBC Active Investment Grade Corporate Bond ETF (CACB)
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Q: Hello Peter & team,

If a similar question which I missed has already been asked, please ignore this question and point me in the right direction.

The big 5 are reporting over the next few business days. Can you please share with us what we might expect? Good news bad news? Also, please rate each of the 5 in order and whether you think each of the names are a sell, hold or buy at this time and the reasoning for your logic.

Thanks for all you do

gm

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Read Answer Asked by Gord on February 28, 2023

• Great-West Lifeco Inc. (GWO)
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• Sun Life Financial Inc. (SLF)
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Q: How big an account is the public service healthcare plan to Sun Life? I understand it's moving to Canada Life (owned by GWO). Is this particularly important to either company?

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Read Answer Asked by John on February 27, 2023

• Prudential Financial Inc. (PRU)
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Q: Hi team,

You thoughts on PRU for an income investor would be most appreciated.

Thanks

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Read Answer Asked by Dave on February 27, 2023

• BMO Short Federal Bond Index ETF (ZFS.L)
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Q: Dear 5i team.

Given the current situation, what is the rationale for holding ZFS.L.

Appreciate your help.

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Read Answer Asked by Arthur on February 27, 2023

• goeasy Ltd. (GSY)
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Q: In today's Morning Coffee email, they reference a Morning Ink Report titled "Will goeasy shorts get squeeezed". I could not access the Report but the titlecaught my interest. Do you know what they are refering to and is a short squeeze a distinct possibility here? Curious to hear your comments

Many Thanks
Scott

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Read Answer Asked by Scott on February 24, 2023

• Fiera Capital Corporation Class A Subordinate Voting Shares (FSZ)
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Q: Hello 5i team,
Your thoughts on Fiera capital's earnings. The drop of 15.8% in assets under management does not look good. Every metric seems to have dropped across the board.

How confident are you in this stock to pay out its dividend?

Thank You,
Andrew

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Read Answer Asked by Andrew on February 24, 2023

• Manulife Financial Corporation (MFC)
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Q: Seems like they had decent results and a nice dividend increase. Could you provide comments on their latest results please. It’s been a relatively flat stock trading range bound for years, do you see it as possibly getting some momentum behind it now? Thanks

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Read Answer Asked by Mark on February 24, 2023

• RF Capital Group (RCG)
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Q: I would appreciate your updated comments on RF Capital Group. Thanks!

Upvote 1

Read Answer Asked by Gregory on February 23, 2023

Q: With rising intrest rate banks should earn more but why Bank stocks are under performing?
Which sector should benefit from higher intrest rate?

Upvote 0

Read Answer Asked by Nizar on February 23, 2023

• Lemonade Inc. (LMND)
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Q: Please comment on LMND's results released this afternoon.P/P US$92.65.Add,Hold or Sell ? Txs for U usual great services & views Recently renewed my long term membership.

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Read Answer Asked by Peter on February 23, 2023

• Brookfield Corporation Class A Limited Voting Shares (BN)
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• Brookfield Asset Management Ltd. Class A Limited Voting Shares (BAM)
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Q: Since BN owns BAM, does BN receive dividends paid by BAM? Are those dividends reinvested within BN?

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Read Answer Asked by V on February 23, 2023

• Brookfield Corporation Class A Limited Voting Shares (BN)
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Q: I previously owned some BAM.A Because of the complexity with tax reporting, I had this in a registered account. With the current set up, it appears that BN has more of a growth orientation, and this stock might be better held in a non-registered account. Do you have any idea what the distributions from BN might be composed of, going forward?
Thanks!

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Read Answer Asked by Leonard on February 22, 2023

• Toronto-Dominion Bank (The) (TD)
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• Bank of Nova Scotia (The) (BNS)
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Q: hi, on feb 10 you answered to Lawrence that you rank 3 cdn. banks higher that the 2 you recommend, TD and BNS. and BNS you ranked last? I'm confused? what are these 2 in your model portfolio...?

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Read Answer Asked by chris on February 22, 2023

• Silvergate Capital Corporation Class A (SI)
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Q: Hello!

What are your thoughts about the entry point at the current price to take advantage of what would appear slow crypto market recovery. Thanks in advance for your thoughts on this company.

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Read Answer Asked by Irek on February 22, 2023

• New York Community Bancorp Inc. (NYCB)
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Q: Hello,

Can I please get your view on New York Community Bancorp (NYCB). Thanks

Dave

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Read Answer Asked by David on February 21, 2023

Q: Risk Adjusted returns - Canadian Banks.
I am, respectfully, highly skeptical of your recent assessment.
Such a wide range seems unlikely, especially with NA at the top and BNS negative.
Not sure what you actually mean with 5yr CAGR value or whether it includes dividends.
5i has said on a number of occasions that Canadian banks tend to move in tandem over time.
I would appreciate some clarification and confirmation.
Thanks

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Read Answer Asked by David on February 21, 2023

• Fairfax Financial Holdings Limited Subordinate Voting Shares (FFH)
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Q: What are your thoughts on Fairfax Q results? Would you continue to hold or take profits after years of underperformance?

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Read Answer Asked by John on February 21, 2023

• Guardian Capital Group Limited Class A Non-voting Shares (GCG.A)
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Q: I would appreciate an updated opinion on Guardian Capital. Thanks!

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Read Answer Asked by Gregory on February 21, 2023

• Fairfax Financial Holdings Limited Subordinate Voting Shares (FFH)
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Q: What are your thoughts on the overall prospects on Fairfax. Its my understanding that it is a much different company than the one from 15 year ago. Thanks

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Read Answer Asked by Martin on February 17, 2023

• Home Capital Group Inc. (HCG)
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Q: HCG has an agreement in place for SFC to buy all outstanding shares at $44 sometime around mid-2023. It is trading under $42 right now. Why would it not be trading closer or at $44? Thanks in advance

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Read Answer Asked by Don on February 16, 2023