Investment Q&A

• Canadian Natural Resources Limited (CNQ $44.89)
  • $44.89 P/E (TTM): 11.49X Cap: $94.28B
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• Peyto Exploration & Development Corp. (PEY $18.23)
  • $18.23 P/E (TTM): 11.11X Cap: $3.65B
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• Celestica Inc. (CLS $347.29)
  • $347.29 P/E (TTM): 56.33X Cap: $39.20B
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• Magna International Inc. (MG $65.28)
  • $65.28 P/E (TTM): 10.77X Cap: $18.14B
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• goeasy Ltd. (GSY $204.44)
  • $204.44 P/E (TTM): 12.53X Cap: $3.25B
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• Vitalhub Corp. (VHI $11.71)
  • $11.71 P/E (TTM): 129.88X Cap: $618M
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• Construction Partners Inc. (ROAD $130.82)
  • $130.82 P/E (TTM): 91.85X Cap: $7.06B
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• Cellebrite DI Ltd. (CLBT $17.87)
  • $17.87 Cap: $4.13B
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• Propel Holdings Inc. (PRL $34.34)
  • $34.34 P/E (TTM): 16.05X Cap: $1.31B
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Q: I'm writing to follow up on your response to Josh's questions regarding beaten-down Canadian stocks.

Would you kindly rank your preferred order of purchases among the names discussed? Are there any that you would consider "table-pounding" buys at current levels?

Please also include your thoughts on CNQ, as well as FOUR, ROAD, and CLBT.

Thank you,

Upvote 25

Read Answer Asked by Karim on May 20, 2025

• Leon's Furniture Limited (LNF $28.87)
  • $28.87 P/E (TTM): 12.29X Cap: $2.02B
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Q: Profit margin increased, higher revenue... in a tough retail environment Leon's seems to be getting stronger. Would you agree?
Could you comment on earnings.
Wouldyou add?

Upvote 3

Read Answer Asked by Harry on May 20, 2025

• Copart Inc. (CPRT $45.46)
  • $45.46 P/E (TTM): 30.64X Cap: $45.07B
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• Boyd Group Services Inc. (BYD $234.64)
  • $234.64 P/E (TTM): 465.65X Cap: $5B
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Q: Long time holder of BYD. Currently have BYD at 1.9% and CPRT at 1%. CPRT has really outperformed BYD over many timeframes. BYD is consumer cycl. and CPRT is industrial. I'm up 20% on BYD and 39% on CPRT. BYD has been a frustrating stock over the past few years but CPRT has shown resiliency and stable compounding growth. Thoughts on the BYD earnings and both companies going forward? Continue to hold both or I was thinking of selling BYD and adding to my CPRT. Thoughts? Thanks!

Upvote 6

Read Answer Asked by Keith on May 20, 2025

Q: Everyone, since January 1st I was down 23 % then today I have rebounded to even for the year. Lots of noise but having the best of the best means just waiting for the noise to end. The noise always ends! Clayton

Upvote 4

Read Answer Asked by Clayton on May 20, 2025

• Teradyne Inc. (TER $118.82)
  • $118.82 P/E (TTM): 39.56X Cap: $18.18B
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• Archer Aviation Inc. Class A (ACHR $9.25)
  • $9.25 Cap: $5.80B
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• Rivian Automotive Inc. (RIVN $14.68)
  • $14.68 Cap: $17.12B
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Q: Good Morning. Would appreciate your thoughts of these 3 smaller names after earnings and guidance. Thank you.

Upvote 2

Read Answer Asked by Paul on May 16, 2025

• Magna International Inc. (MG $65.28)
  • $65.28 P/E (TTM): 10.77X Cap: $18.14B
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Q: I am taking a tax loss on Magna, could you recommend a few industrial names for replacement with a dividend?

Thank you

Upvote 7

Read Answer Asked by Brent on May 16, 2025

• Canadian National Railway Company (CNR $129.00)
  • $129.00 P/E (TTM): 18.12X Cap: $81.34B
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• Canadian Pacific Kansas City Limited (CP $104.33)
  • $104.33 P/E (TTM): 23.31X Cap: $96.47B
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Q: Good morning,

if you had to pick one of these which would it be and why? Historically who has performed better.

Upvote 7

Read Answer Asked by Kolbi on May 16, 2025

• TELUS Corporation (T $21.82)
  • $21.82 P/E (TTM): 34.23X Cap: $33.96B
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• Cogeco Communications Inc. Subordinate Voting Shares (CCA $65.33)
  • $65.33 P/E (TTM): 8.52X Cap: $2.81B
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Q: Hello Team,
Could you give me a short commentary on both and which would you prefer for total return over the next couple of years. I already own Telus and wonder if there would be too much overlap to own both.
Thank You,
Barry

Upvote 4

Read Answer Asked by Barry on May 16, 2025

• Galaxy Digital Inc. Class A common stock (GLXY $45.64)
  • $45.64 Cap: $17.10B
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Q: When does Galaxy enter the Nasdaq?

Upvote 2

Read Answer Asked by Lesley on May 16, 2025

• Bird Construction Inc. (BDT $28.22)
  • $28.22 P/E (TTM): 15.73X Cap: $1.54B
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Q: Peter; Could you comment on BDT numbers- seemed ok to me but Mr. Market doesn’t seem to like them ? Thanks .
Rod

Upvote 3

Read Answer Asked by Rodney on May 15, 2025

• Finning International Inc. (FTT $59.87)
  • $59.87 P/E (TTM): 12.61X Cap: $7.77B
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Q: Why FTT share price has increased so much in the last few days?

Thanks,

Upvote 2

Read Answer Asked by Liping on May 15, 2025

Q: Hi 5i!

Can you list 5 undervalued or beaten up Canadian stocks you feel are poised for growth in the next 2-3 years?
Also, RBC has had a real run, is it a good time to step in or would you wait? For a bank would you consider RBC’s stock price expensive?
Thanks for all you do!

Upvote 17

Read Answer Asked by Josh on May 15, 2025

• Power Corporation of Canada Subordinate Voting Shares (POW $57.88)
  • $57.88 P/E (TTM): 13.56X Cap: $36.93B
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• Corby Spirit and Wine Limited Unlimited Voting Common Shares (CSW.A $14.18)
  • $14.18 P/E (TTM): 19.65X Cap: $386M
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Q: I believe Power and Corbys reported. Your comments please

Upvote 3

Read Answer Asked by Margot on May 15, 2025

• WSP Global Inc. (WSP $285.77)
  • $285.77 P/E (TTM): 46.41X Cap: $37.01B
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• AtkinsRéalis Group Inc. (ATRL $102.98)
  • $102.98 P/E (TTM): 7.2X Cap: $17.03B
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Q: Could you please provide earning estimates for Atkins Realis.

What would be your preference between ATRL and WSP and why ?

Thank You

Upvote 5

Read Answer Asked by rajeev on May 15, 2025

• CAE Inc. (CAE $26.98)
  • $26.98 P/E (TTM): 28.81X Cap: $8.64B
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Q: In the category of Defense equipment companies do you see CAE as a good buy or would Europe be a better place to look? I am not interested in U,S, companies.

Thank you,

Mike

Upvote 4

Read Answer Asked by Michael on May 15, 2025

• Air Canada Voting and Variable Voting Shares (AC $18.85)
  • $18.85 P/E (TTM): 5.14X Cap: $5.56B
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Q: Good afternoon,

AC announces terms of the $500 million issuer bid. The offer is a modified Dutch Auction at a price range $18.50 - $21.00, its not clear to me what price one can tender their shares . Please explain it to me simply.. Thanks , George

Upvote 3

Read Answer Asked by George on May 15, 2025

• Raytheon Technologies (UTX)
  • P/E (TTM): 13.4X
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• AeroVironment Inc. (AVAV $283.43)
  • $283.43 Cap: $13.58B
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• L3Harris Technologies Inc. (LHX $282.73)
  • $282.73 P/E (TTM): 31.76X Cap: $52.73B
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• RTX Corporation (RTX $158.19)
  • $158.19 P/E (TTM): 34.85X Cap: $211.90B
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Q: Do you have any suggestions for companies that will benefit from potential increases in defense spending - Canada and US

Upvote 8

Read Answer Asked by Maria on May 15, 2025

• ATCO Ltd. Class I Non-voting Shares (ACO.X $47.81)
  • $47.81 P/E (TTM): 12.32X Cap: $5.41B
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Q: Hi Peter & Team,

Our new PM frequently mentions modular housing as a way to rapidly build up Canada's housing supply. Since ATCO is apparently a large player in modular housing, do you believe that this could provide some tailwinds to ATCO stock? Your insight is highly valued.

Upvote 3

Read Answer Asked by Jerry on May 15, 2025

Q: Everyone, three months have passed since I asked this same question, so what are the three issues that you are worrying about today? Clayton

Upvote 21

Read Answer Asked by Clayton on May 14, 2025

• Royal Bank of Canada (RY $201.64)
  • $201.64 P/E (TTM): 20.28X Cap: $283.13B
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• Bank of Nova Scotia (The) (BNS $89.18)
  • $89.18 P/E (TTM): 17.14X Cap: $110.48B
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• Bank of Montreal (BMO $178.52)
  • $178.52 P/E (TTM): 14.85X Cap: $127.94B
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• Alimentation Couche-Tard Inc. (ATD $71.80)
  • $71.80 P/E (TTM): 19.42X Cap: $67.91B
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Q: Hi, I'm considering adding a Canadian bank. I only hold TD. Which bank would you consider to be the best to add at this time for a longtime core holding? I'm thinking of doing a quarter position at this time and build that position over time. Also I started a quarter position in ATD recently and I'm watching it at the moment. Would you consider ATD to be fairly safe at these levels and an attractive stock to increase that position at the current price or wait to see if it's still in the bottoming process. Thank you as always for your expert advice!

Upvote 9

Read Answer Asked by Harry on May 14, 2025