Investment Q&A

Q: May I have your thoughts on the CXI quarterly results? The market doesn't appear to be impressed.
With appreciation.
Ed

Q: Hi group I have asked you at least 2x previously about selling CXI Your recommendation both times was to hold) in the meantime it has dropped 25% in the past yr. looking even weaker technically could easily fall to $20 range . Please analyze your previous recommendation to hold + give me the reasons as I fail to see a reason holding this stock any longer

Q: I've owned CXI for awhile and has done nothing. I am slightly down...should I move on or be patient?

Q: Hi 5i team,
Following the release of their most recent quarterly results, and their share price drop (a couple of bucks), is CXI still a long term “kind of boring” buy?
Eps growth seems to take longer to happen then expected at first. Following yesterday’s conference call, do you find management’s narrative still credible regarding expenses control, being finished increasing fixed costs (hiring and systems), several sources of growth strategy (catalysts)?
Aside from liquidity, which does not bother me since my time horizon is fairly long (sell at the time management will sell the company), do you have any additional concerns (consumers going electronic/plastic faster than expected?)?
Thank you for your collaboration,
Eric

Q: Just wondering what you thought of their numbers?

TIA

Q: This stock continues to slowly drift down I asked several months ago if I should sell you advised against . I want to revisit should I sell now on view of the hostile financial Enviroment in the market thanks

Q: I know CXI is a thin trader but over the last month it looks like there were 12 days of 0 volume. Is this close to correct or is it a reporting/data error. Also how do you feel about the stock?

Thank you
Paul

Q: What is going on with this stock- I have held it for over 2 yrs and am still down. Seems to working on another leg down - I am leaning towards selling ? your comments please

Q: I know these companies span the financial category and they're not comparing apples to apples exactly but I'm looking to maintain stable dividend income and long term growth. Assuming equal weight except for IGM (much higher weight), would you recommend a weight shift? An addition/subtraction of position?

Q: What did you think of the most recent earnings release? Was there anything that showed the bank license approval is helping with revenue growth?

Q: I have a question about CX!- It seems to be dead money with no apparent prospects in sight. Would you sell it ? /what would you replace it with? (I have 12% in Financials) Thanks for your help on this

Q: CXI doesn’t seem to be trading and I can’t figure out why. Can you please explain? Thank you!

Q: Hi 5i research team,
What could be the impacts of this news « Canadian banks at risk of losing access to key European currency exchange platform »  in monday’s Globe and Mail on CXI? Could you also comment on their recent acquisition from Laurentian bank? Is it good diversification of operations or are they speading their activities (because growth is lacking?)? Thank you for your collaboration, Eric

Q: Have done well with CXI. Also have BNS and TCN for financials. Your last few answers and report have me thinking of selling CXI and buying GSY. Would you make this move or just leave it, long time frame.

Q: I am a multi-year owner of this company. I read your recent report and was surprised to see that Mawer owned such a large position (must have missed it previously). I consider them one of the better money managers out there so on the one hand, I consider their position a plus. But it does make wonder about a few things.

Is it common for a fund company to own such a significant position in a small cap name? CXI is a very thinly traded stock so how does Mawer exit other than through a takeover since selling out their position would likely decimate the stock price? Would this have been their plan all along or have they accumulated this position over the years suggesting they are believing in the story more and more? Would Mawer be an active or at least "very interested", party as to how the company is run? In sum, does having Mawer own so much change or affect how we should view this stock?

Appreciate your insight.

Paul F.

Q: Curious what you thought of the earnings. Also in your report on CXI you have an sentence that is hard to parse: ... "and lots of along..." Say what?

"The fundamentals at CXI continue to look strong with no debt and lots
of along with strong and consistent returns on equity on an annual basis."

Q: Peter and Team:

After a year or so I am sitting even on CXI. I have been pleased with the recent run, and was surprised to see it downgraded in your report. I hope this doesn't result in a significant share price drop as we have seen in the past (how does it feel to be a market mover).

Anyhow I was wondering what you would think about a move to GC. There has been a really good run as of late (I was looking @ $32) but hopefully this is just the start. Your article on CSU was great and helps put things in perspective.

Thanks for all you do

Phil

Q: Hi Peter and 5i team,
We hold some shares of currency exchange and it has been performing well lately. Recent news from CXI states that they have developed a digital remote deposit service . What are your thoughts? Will the company be able to stay current in the ever growing digital world .
Thanks

Q: I have held this stock (CXI) through a major drop and now a partial recovery. Is this company a good hold or should I sell at a small loss and move on? If you suggest selling, do you have another stock in the same sector that you prefer?
With appreciation,
Ed

Q: I am curious about a small float stock like CXI and market makers. Today, not one share has traded (as of 11:30AM) of CXI. Is there a market maker for this stock? Who exactly are these MM's?

TIA