Q: What do you know of XBC's management? How would you rate them, both excluding what is happening now and including current affairs?
In your report on the company in December 2020, you state:
Management is well-seasoned and has public company experience, including former top executives (CEO, CFO, COO) of various energy and industrial companies like CAE Inc (CAE) and McPhy Energy North America. Have they ever experienced anything like what they are going through with XBC now? How important is the involvement of CDPQ who invested $50M?
5i advanced XBC as a top growth company, as recently as March 10. Your report outlines your reasoning back in 2020. Obviously it's a different picture today. Any lessons learned?
Q: Hi, before you mentioned that we should keep small cap positions to around 3%. Ahead of WELL earnings, my WELL position is closing in on 5%. Is this reasonable or too aggressive? I can handle some volatility and I am a long term growth investor. I see in your growth portfolio WELL is over 5% now. Would you look to trim back to around 3% or maintain the 5% position? Thanks!
Q: Do you have any insight on who was stepping into Xebec today in order to stop the bleeding (wed)? Just curious if it were management, retailers etc.
Thanks
If not already asked, what is expected of Well Q4 and FY tomorrow (18th)?
How might this compare to prior quarter (Q3) and prior FY numbers?
Just looking for the % increases or numbers to validate their growth story.
Q: I did not buy XBC because of the revenue or profit it was generating today. I bought it for future potential which leads me to ask you if the news - though bad - changes the fundamental story here or if it is still a company with huge potential that has to correct a situation and learn from it? To put it another way, is the technology and value proposition that XBC offers its clients worse today because of the adjusted numbers?
My take is that we are not at the end of the clean energy but at the beginning. Their growth rates are not what investors thought and that isn't good but if their technology and TAM are huge (and in the early innings) how is it not materially higher in 5 years? If 5i looks past the next 12 months on this and ignores the stock price is the story intact?
Your comment to another question was that you have a finger on the sell trigger which sounds to me that you fear more than just an accounting error(s). Is the fear that this is a VRX situation with imaginary sales in a systemic way?
Q: Hi,
Have a 1.55% position now, avg price $5.36. Had a nice double on it before but down now, which is disappointing for sure. It's closing in on that $4 price which you were concerned about breaking. What are the different scenarios you see playing out come the March 24th full release? Can you give any insight on what additional or further news could impact the stock either up or down going forward. Thanks!
Q: Hi 5i,
GSY has always been a thin trader. There was a question yesterday about several companies being added to the TSX composite. You said that trading volume will increase and GSY will benefit the most. I understand a pickup in volume as funds that track the TSX take their positions in GSY. Once that is done, won’t GSY settle back to its old thin self?
Thanks again.
Dave
Q: What is your take on the lawsuit filed against the company in regards to its revenues accounting practices and its lack of internal controls over financial reporting?Does this raise concerns for your long term view of the company?Or is there going to be s shuffle in management?
Q: Simple question. My average cost of Xebec is $9.86. Obviously not good. Your suggestion please dump it and move on, buy more or just wait it out. Obviously a long way back. Thank You..
TFII just released news that it is planning to pay out its dividend in US dollars unless the shareholder elects to take the money in C$. Based on this change, would one be right to journal over the shares to a US account and not make any election in order to receive the dividend in US$?
Q: Hi 5i,
I was called out of ITP as I didn't expect such a good earnings report. Was thinking of up grading from ITP to CCL. I noticed CCL is in the balanced portfolio therefore is now a good time to buy or are these both overbought and I should wait for a pull back.
Q: XBC is dropping again today. How low do you think it might go before levelling off. At what price might one start a position if you think this is a reasonable thing to do?
Q: As time starts to approach the deadline put on enbridges line 5 I'm starting to get a little nervous as to the outcome of shutting down the line. How much of the price of the stock is already baked into the possibility of the line being shut down?
Thanks
Steve
Q: If it were your money in XBC at a 2.5-5% position today, would you be holding or selling please? If holding, at what point would you sell if it continues to slide? Thanks