Investment Q&A

Q: Very long time holder of TFI. It's been drifting down where it's approaching its 52 week low. Is the current environment (cycle and tariffs) pointing to further deterioration in price? I know it's hard to time market but might it be best to sell and see what happens?The outlook doesn't look all that good right now butI realize TFI is a very strong company in their field.

Q: What is your current view on CCL.B? Do they have a risk with potentential tarrifs? Would you consider it a buy, hold or sell? Is there a preferred stock in this same sector?

Q: Hello 5i team,
The MG price has gone below my entry price and I was thinking of adding to it. The stock has not moved very much in light of the tariff threat. Since this is probably already priced in, I was wondering how much business MG does in the states? If I recall MG's sales are mostly global. The price not moving much, tells me that the US portion of MG is not that material.

Are you still comfortable adding at these prices or is MG more of a hold until the dust settles?

Thank You,
Andrew

Q: Hi 5i!

How would you rank these in terms of health & growth potential over the next 5 years.

Thanks in advance,
Greg.

Q: Can you explain atz’s secondary offering please

Q: Hi 5i, I was listening to a steel analyst stating that "value added steel manufacturers" like Russel metals would be exempt from steel tarrifs. I realize the companies that actually make steel and the steel outputs for downstream manufacturing will be taxed. If this is true then aren't companies like the one mentioned or DRX or HPS also exempt? Now if anything manufactured in Canada is taxed then all bets are off.

Thx

Q: Hello,

Can you please comment on MSCI's after hours news releases.

Thank you!

Q: In terms of picking one for a recovery of stock, would you prefer TD or TFI??

Q: What do the think are the odds of NFI being taken over, and if so what price might be attractive to a buyer??

Q: I’m wanting to add to my energy allotment.. Which would you consider a better alternative Cameco or Suncor for a 5 year hold?

Q: Presuming that the price of steel goes up with tariffs, outside of the steel industry itself, what sectors and specific companies lose out here? Thank-you.

Q: Hi Peter,
My new strategy this yr is to buy growth stocks that have done public offerings to finance future growth in 2025/26. Can you think of any other names to add to this list?

Q: Recognizing that 5i Research does not perhaps put as much emphasis on technical analysis as opposed to fundamentals, perhaps you have an opinion anyway on log charting in particular.

I noticed that CNR - generally flat for the last 4-1/2 years, fell out of a long term log channel 2 years ago - a channel going back to its listing three decades ago. In fact, with this in mind, I've discovered that the present price is at a considerable distance from the bottom of that channel not seen since the GFC.

So do you see this as a great buying opportunity for CNR based on this observation? Or do you have an opinion in general on the future of railroads in the face of any potential long term disruption that I am unaware of (eg. AI-based) ?

Q: A recent new guest to BNN’s Market Call made Saputo a top pick. He seemed to have quite a breadth of knowledge on the company and made (to me) a compelling case for Saputo having the potential to do well from its current valuation and that there was too much pessimism on the company and seemed to see a viable path to recovery in areas that have been lagging since the pandemic and a return to previous margins that could support multiple expansion. It seemed a bit contrarian based on momentum and other factors possibly at play right now with respect to tariffs etc., and also interesting as a top pick he will be faced with defending in a years time. Any thoughts since the last question a few months ago (I think you didn't like the momentum but found it was getting “interesting”)?

Q: Hi 5i Team,

I'm curious about your thoughts on sentiment turning against US equities in the coming months. I'm already exhausted seeing all the foolish tweets and news clips coming out of the Trump administration and I have to believe many others are too. Trump 2.0 seems much worse than 1.0! Also, I've been hearing that European markets are already outpacing the US market so far this year and I'm wondering if the US market deserves its current valuation given the increased volatility and increased risks?

I own many US stocks (e.g., 5 of the Mag 7, COST, ISGR, HD, TT, SYK, RS, ZS, HON, V) and I'm thinking for the first time of selling/trimming some of these. I would look to increase my dividend-paying Canadian stocks to generate more income. I'm also thinking about European dividend payers?

I'd appreciate your general views along with any comments you might have related to selling/trimming some of the stocks I've mentioned above. I'd look to sell into the end of this month and buy favourite TSX dividend payers (e.g., ENB, SLF, CNQ, BEP.UN, BIP.UN, T) or others you might suggest after the next tariff decision in early March.

Like many members, I have to thank you again for the wonderful service you provide. Your Q&A section and market reviews are fabulous, especially during difficult times! I also realize this is a long question and the answers are worth more than one credit.

Lisa

P.s. I had registered to attend this week's webinar which may have answered some of my questions. Unfortunately, something came up over lunch and I missed the webinar. Please let me know if there's a chance of catching a replay.

Q: It’s getting more difficult to stay positive on PBH. I know that better things are expected after recent Capex but share price keeps falling. Are you still optimistic or is it time to sell
Thanks

Q: Good morning. I will need to raise some cash soon. I have picked AW, ATH, CPD and SYZ to head to the chopping block. In what order would you sell? Thanks for everything you do for us.

Q: I hold AEM, T, TSU, ARX, CVE, BB, WELL and KITS.
Would you consider these holdings relatively safe from
possible US tariffs? I’m trying to figure out what to sell
now before this might happen and if I’m wrong buy back later.

Q: I noticed BlackRock filed a report with the SEC that it held 16 million shares of CAE. Is there any significance
to this that you might know of?

Q: Hi Peter & Team:
I found this Reuters article yesterday:
https://www.reuters.com/investigates/special-report/drugs-fentanyl-shipping/
Long article. It basically states that a very popular method for Fentanyl precursor chemicals to get stateside is via small value packages from China that are classed as “de minimus” and sail through US Customs at LAX airport with little documentation and hardly any inspection. (1 Billion small value boxes every year, think via ebay, etsy, etc most from China, many labeled as “gifts” or “stuff”.

Until a few days ago the de minimus limit for goods entering USA was 800$- it is now ZERO.
This I believe forces better documentation and allows for better inspection options. In Canada our de minimus limit remains at 20$ (at least as I write this note).

Question:
Assuming the de minimus limit for both USA and Canada are both set at ZERO, how will this e-commerce drag affect Shopify or e- commerce in general ?

Thanks for all you do !