Investment Q&A

Q: Shop has an extremely high churn rate.
That means that they cannot retain their customers.Many businesses try Shopify but throw in the towel after a while as its not customers friendly.
With higher fees the churn rate will even be higher.
Why does nobody see this and you do not mention it either.
This will go the way of Nortel eventually?

Q: Hi team
I have a small position in CAE, under water
time frame of 2 years plus, would one sell, add or hold?
thanks
Michael

Q: Hi, Thanks for your conviction and rock solid positive view on the company helping many of us to remain calm when stock was selling off during last quarter of 2022. In more than many ways, stock price has supported your thesis, latest proof being company's ability to increase their prices by 33%. Do you think that last 3 weeks move and specially Today's 11% move in a day was caused by fundamental reasons like this price increase, Deutsche Bank upgrade and market expectation of strong results ? Or, it's the short sellers caught off guard and running for cover ? We know that 5i increased SHOP position recently in the Balanced Portfolio( and we followed suit ), which proved to be a great tactical move !! Has the recent price action influenced your outlook on the company and its stock, for better or worse ? Thank You.

Q: I need to add a company to my long term (>5 years) growth portfolio. I am tolerant of volatility and risk in this portfolio because I am young and I don’t need the money. Would you go with Goeasy or Shopify here?

Q: Hello 5i team,
Just curious about grading companies. CSU seems to be the best of the best in Canada in terms of the ideal stock.

What is missing from CSU that you do not give it an A+.

Andrew

Q: Hi Team,
Any comments on the news from Shop today in regards to pricing increases? One way to profitablity if it has pricing power!! Thanks

Shane.

Q: how come TVE wouldn't go up in price , I own it and it looks like it should be doing great compared to some companies that are.

Q: I don't have any Air Canada in my TFSA but will be selling some CAE to make it a 2% weight. Would you use the cash from this sale to buy Air Canada since not yet owned?

Thanks

Q: Hi Peter,
I’m thinking of adding to my NBLY holdings which’s in a loss position. How’s management? How’s the balance sheet? Any problem servicing the debts? Is the labour headwind getting better? Is there a good chance it’ll turn profitable this year? What will be a good entry price? Thanks.

Q: Please provide rationale for holding BRNE over BN or BAM. I hold a small position (in a registered account) in BRNE and was thinking of flipping it into my BN holding but am I missing something. Is there something in the BRNE business that could create long-term outperformance over BAM/BN?

Q: HI Peter
I have held Acuity in my portfolio for the past few years .
Over that time in your responses to people asking questions if the company is a buy , sell or hold .You have responded it is a hold .
The stock has gone down from over 20.00 to under 3.00 .
In the long term do you see any potential of the stock going back over $20.00 .

Q: thoughts on earnings warn today - good entry point or could the cockroach theory apply?

Q: Hi Team,
Looking to have your thoughts on why Topicus is not participating in the recent tech rally that's been going on...especially yesterday? I know its a odd trader. But is there anything fundamental holding it back? Or do big investors (fund managers and such) avoid it because they are not share issuers? This being said...do you also see this as an opportune to add, with anticipating that TOI shares will eventually "catch up" to the over all tech bounce here? Thanks for your thoughts!

Shane.

Q: Looking to add to my registered accounts. Could you please rank the above based on which you would buy as of today?

Many thanks,

Q: Hi there,

Shopify has run a bit off the bottom. Would you be comfortable stepping in here for a longterm hold, or would you want for a pullback for a better entry?

Thanks!

Q: My Tfsa has the following three losers (each down by 50%). Are these sell, hold or buy more with new money?
Thank you

Q: WSP has been a strong performing investment and a long time favorite, both for 5I and for me. The current P/B is over 3.6, and while it has historically had a higher than average P/E, it currently shows a P/E of 46.

Do you believe these matrices show it is as becoming over valued?

Also, the Price to Cash Flow is 28.1 while Price to Free Cash Flow is -8.60. Can you please explain what these matrices reflect for companies in general, and how do you see what seems to be a significant difference in these measures?

Thank you for your excellent service.

Q: The Nutrien P/E looks way too low. Is that because the learnings are not forward looking? What is the forward looking P/E in the next 12 months?

Q: If you held no current position in NTR but wanted to begin one, would you be inclined to buy before or after earnings are released on February 8? I ask because the stock was clobbered after earnings were released in early November 2022.

I realize this is a timing issue which can be a mug's game but I am still interested in your gut feeling.

Thanks as always for your expertise.

Q: Good morning team, BMO, TD and Royal have all announced big acquisitions in the past year. Do you expect each of these to be positive for shareholders in the next 2-4 years. What are some of the individual risks to these deals being accretive? Which of the 3 deals do you expect will provide the best return for investors and why?