Investment Q&A

Q: I think GSY operates only in Canada but apparently has peers in the U.S. Can you compare them in terms of multiples and general outlook.

Q: ".. priced US$400 million aggregate principal amount of 7.625% senior unsecured notes due 2029" ..... "goeasy intends to use the proceeds from the sale of the Notes to partially repay indebtedness under its secured facilities and for general corporate purposes"

I suspect they are just taking care of business here. I thought their debts were not particularly large considering their business. Thoughts or reassurances plse.

Q: I have a partial position in BN and no position in KKR. Noticed huge run-up in KKR over past year, and good prospects for KKR this year. If you had new funds to invest in one of them, what is your advice.
Thanks

Q: Wanting to sell one of these to deploy cash to deploy elsewhere. Which of these two has the best pathway forward for a 2 to 3 year hold and which might you recommend to sell and why? Thank you.

Q: Hi 5i,

I was reviewing BN's balance sheet it it appears to be carrying a LOT of debt. How concerning is this? TIA.

Q: Morning 5iTeam,

Would you please recommend a couple of bitcoin ETFs in both Canadian and US markets.

Cheers,
Harry

Q: How would you compare Hmax and BKCL ?

Q: Hi Folks,
I just trimmed some ABBV and BIP.UN in my RRSP account - I was looking at adding BAM or MFC - both are on a pretty good run. May I have your opinion as to which one would be best at this time?
Thanks

Q: Hi, Could you please provide your opinion on Progressive Corp. P&C Insurance sector seems to be doing well and stock is making new highs ( Noted that IFC is your favourite in Canada). How is the valuation compared to its competitors? Company released its premiums business for the month of January, yesterday, which sounded encouraging, sending stock to another high. Do you think that current level is good to start a position ? Thanks

Q: I'm looking for an ETF that trades in Cdn $, that would have similar holdings as FMAX, but without a covered call overlay.

Q: Can i have your perspective on the relative merits ( payoff) of private wealth companies like Blackstone, Carlyle Group as opposed to banks in either Canada or the USA such as a BNS or JPM , for example. ie would you expect better performance from the private wealth management or banks.

Thanks

Q: Do you feel the earnings report and cc dispels the muddy waters short report

Q: They appear to have reported a pretty good quarter; have good momentum and raised the dividend by 9%. Do you see any concerns? How big of a concern is the apparent slowing of the Chinese economy to MFC? Still prefer SLF to MFC?

Q: On February 9 you were asked a question to screen for mid size co. that yielded more than 3% and had good opportunity for growth in the next several years. WFC was included in that list. I have searched on TD Waterhouse for details on recent financials without success. Can you go over the companies financials over the past 5 years and where you see growth? Thank you for all you do.
John

Q: BITCOIN as an asset .
With the US approval of bitcoin ETFs the volatility of bitcoin will likely decreases. It was approved as a high risk/speculative asset. However the business media seems to discarded the warning and reports bitcoin related news like any established asset or company without any warning disclaimer and contributing to the hype of bitcoin.
What is your general take on bitcoin as an asset and would you invest in it?
What kind of warning would you give a small do your own investors in Canada who wander about investing in bitcoin? Thankyou.
Miroslaw

Q: What is FSZ ex-dividend date??

Q: I have held min for 2 years and rec'd div. and i am even. Continue to hold my 1000 shares for income or could lower the amount of shares and buy another which would also pay div. . I am flexible FSZ also have 1000 shares and cix 1000 shares they seem to be moving well lately is Div in your opinion safe now better than before.

Q: Hi Team,
This is more of a general comment , discussion on Gsy valuation. Is it just me or the earnings growth this company is putting out in relation to its p/e seems incredibly cheap. Looking at their history , quarter after quarter continues to be record and shows the most stable growth out of any of my holdings on a long term basis. The ceo really seems to know what he’s doing here. I think this should be a $1000 stock within 8-10yrs of growth remains as is and they are given a fair multiple in the market. Am I crazy to think this ? This isn’t even accounting for their new growth initiatives such as the credit cards they are going to probably be rolling out, or expansion into the US. Just looking for your thoughts on this and what might prompt the market to start recognizing the stock fairly in regards to valuation ? Thanks

Shane

Q: 5i
Are you still recommending BAM even though it has a P/E of 606.
Thanks
Bill C

Q: I am up about 40% on GSY (thanks 5i). Weighting overall in the portfolio is still okay. At what point would you suggest trimming. Or in other words, where do you think it might be a year from now? Thanks.