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Investment Q&A

Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.

Q: At what point do you get concerned about the debt on a company’s balance sheet. Are there any other ratios that you look at besides “Net Debt / EBITDA” and “Net Debt/FCF” to determine if a company’s balance sheet is stretched. What are your thresholds for these 2 ratios as well as any others that you look at?

On another related note, I don’t get why PBH has always been a favourite of yours. The last 12 months data shows net debt of $2.02B, EBITDA of $288M and FCF is $26.7M (ltm numbers) for ratios of 7.04x for net debt/ebitda and 75.7x debt/fcf. Please explain the disconnect as the numbers show the balance sheet extremely!! stretched.

Thanks
Read Answer Asked by Sandy on November 02, 2023
Q: Hi Team,
I've been watching Hammond since you put it the growth portfolio and to this point just watching has not been the right move. In a question prior to earnings you mentioned a price of $57 or ~$55 was a good entry point. Now at $74 it feels like I missed the boat on this one.
Should one enter now or wait? Do you think it will come back down? What would be a decent entry price today for a 3 year (minimum) hold ?
Thank you
Read Answer Asked by Marco on November 02, 2023
Q: Hello, Raymond James dropped the price target of ATS to $61 from $67 ( Still a BUY ), in a preview of the quarter, yesterday. Not sure if other analysts on the street will trim estimates/target, leading to Nov 8 release of results. Is this a hint of what could be in the store ? Stock has been weak over past several weeks, perhaps, in anticipation of a soft quarter. What's your take ? Thank You
Read Answer Asked by rajeev on November 02, 2023
Q: Do you continue to like TVK as a long term compounder? It's had a decent pull back to $32-33 off the highs. Would this be a good entry point? Recently announced a new credit facility but other than that, not much news still earnings back in Aug. What growth drivers do you see going forward? Looking to possibly sell GDI to buy TVK. Thanks!
Read Answer Asked by Keith on November 01, 2023
Q: Hello, Can I please have your top Cdn or U.S. energy stock choices. Could you please compare them and advise if you have a preference and rank them accordingly for a 3 year hold. What are your thoughts on Enbridge within this group?
Thank you.
Read Answer Asked by Lorraine on October 31, 2023
Q: Do you consider these companies a buy and if so at what price point would you purchase them?
Read Answer Asked by John on October 30, 2023
Q: This name is in both the 5i Income and BE portfolios at a 6% weighting yet yields under 1%, where no other stock in the Income portfolio comes close to. I understand it is the best performer in that portfolio and am wondering if it is there to 'juice up' the return on an otherwise mediocre performance. Could you confirm this rationale or explain the thinking, please.
Read Answer Asked by Jeff on October 30, 2023
Q: Hi 5i,
I’m sitting on a large cash position and want to take advantage of today’s opportunity to buy good Canadian businesses with great dividend yields. What are your top ideas today for dividend yield, and for dividend growth in Canada?

Thank you!
Read Answer Asked by Greg on October 30, 2023
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