Investment Q&A

Q: There still has to be trucking at this time-Do you feel TFII would be a buy

Q: PKI: is starting to look good "for long-term hold" at some point; however, my concern is their dividend (low P.R.) and debt (very high): if things get worse they will need to conserve cash and worry about debt. repayment putting the dividend at risk, I would think?

Comments please.

Q: You have been very bullish on GSY, and even continue to recommend it highly. I currently hold 1.6% of my portfolio in GSY (down 50%) and am keen to add more given your strong feelings. However, I also note that you recently mentioned it has negative cash flow...can you expand on this, how they manage this, and how one can still be bullish on a high-growth company with negative cash flow? I'm also showing debt at ~ 2x market cap with a 6.5% dividend? The market thinks this is all unsustainable, convince me otherwise please!

Cam

Q: MG: really low debt., low P.R., great ROE, beat EPS estimates by a fair bit 3/4 Q reported so far. Down a lot. FPE of 4.2 x. This thing looks like a good long-term buy: suffering over fears of shut downs - COVID-19? Even with electrical vehicles coming they would be involved and gas/dis. vehicles will be the majority for a long time still, don't you think> Is this a good buy for the long term?

Q: Can you provide some information on the difference between the two share types Alimentation Couche-Tard Inc offers - Class A Multiple Voting ATD.A or Class B Subordinate Voting Shares ATD.B, and which is better to invest in?

Thanks once again for your time.

Q: Hi there,

I'm sitting in all cash currently and am looking to rebuild my portfolio over the next 6 months. I prefer concentration of about 15-20 names. Which names from your Balanced Equity Portfolio would you start nibbling away at here in order from first to last? Or what would be a good 6 names to start with? Also, would you buy any full positions here, or would you start with half or quarter in these economic times? If you could share some information on the best way to rebuild a portfolio using individual equities at the time, it would be much appreciated!

Thanks!

Q: Hi there,

GSY has been brutally beaten down. Is it worth stepping into at $32? If one had no position in it, would you recommend a full position here, quarters, thirds? How would you proceed with buying it here?

Thanks!

Q: BAM is classified as financial services. Is it really more real estate given the nature of most of its holdings?

Q: I’m struggling with why you would think GSY would do well in a recession. They serve sub prime customers with very little discretionary disposable income. Wouldn’t you expect these customers to be most impacted by unemployment, lost wages etc which would then drive late payments and then eventually loan losses. Initially I would expect GSY would take a similar approach to banks by deferring payments for customers to limit losses but eventually they will need to take them. New business will be impacted with branch closures, not to mention their leasing business, historically the reliable cash cow will be impacted as well without the foot traffic. Given the adjustment that big banks have taken to their stock prices over the last 3 weeks. GSYs massive drop looks warranted to me.

Q: I am looking to increase my holding in the balanced portfolio. What companies in the 5i balanced portfolio considered a good opportunity to buy at the current environment ?

Q: I own Pason Systems in my RRSP and am now down 50%. I know that you have sold it out of your Income Portfolio because of what is going on in the industry. I consider Pason has strong management ( will adjust to the changes affecting the company) and a solid balance sheet. I think I should continue to hold as I have the time especially considering the dire situation that the oil industry is in. What is your view. Thanks.

Q: Your analysis of earnings and dividend cut / future of DOO

Thanks

Sheldon

Q: Hi Peter and Staff

In a recession how will PEO business be effected ? Any debt concerns?

Thanks for all you do
Dennis

Q: Hi Peter and Staff

PKI has been beaten up by market more than TSX - A couple of days ago you ranked it 4th or 5th of 5 options given .

Should we consider it unfairly ravaged or does it deserve it ?

Thanks for all you do
Dennis

Q: Hi,
Much like LSPD in my previous question, I didn't ever except to see GSY down from $80 to $21. I took a small portion in GSY at around $27.60.

I read other comments on GSY , but just thought if you had anything new to say, it would be much appreciated.

Thanks,

Q: In light of your response about GUD having as much cash as their market cap, would you consider this a reasonable risk - reward tradeoff to enter a position at its current price ($5.13 as writing this question). Thanks and stay well.

Q: If not already asked....opinion on Q4/19 results & guidance on Photon Control...Q1/20 pre-lim revenue looks great. Did 5i listen in on conference call today?? Thanks as always, jb Piedmont QC PS: everyone stay safe & healthy

Q: Hi.

Never in my wildest dreams could I have imagined LSPD at $11.03 and closing at $12. Is this the beginning of the end of a company like LSPD if the coronavirus issue continues to persist?

Thanks

Q: Is there any company specific reason why GSY is down 27% today (so far) after major falls in price over the previous few days. Is this a serious buy opportunity?

Q: How much cash to they have??