Investment Q&A

Q: CSU.CA hit a new high yesterday. About 2 weeks ago they reported 3Q results where they missed projections. After the results the stock was slightly weak and now hits a new high. I am not complaining since we own the stock (thanks to you) but I am puzzled that the stock hit a new high so soon after missing a quarter. Do you find the trading unusual or pretty normal?
Tax loss selling seems to be shaping up to be much more muted this year compared to last year. Maybe investors are just more optimistic and that is the reason for CSU recent stock action?
Thanks,
Jim

Q: Hello 5I
My holdings include, with total portfolio weights::
ATD.B (4.65%); BYD.UN (5.65%); CP (3.65); CSU (3.50%); GSY (4.6%); WSP (4.20%); ZEM (4.5%)

I have concern about a possible recession and economic slow down, and I would like to structure the equities in my portfolio with a bit more of a conservative and defensive tilt.

I otherwise would want to keep these positions but do you see any of these 7 being less conservative and defensive? With my objective in mind, should any be reduced or eliminated?

thanks for your excellent service.

Q: If you could pick the best 6 Canadian stocks right now for long term growth, stability and in 6 different sectors what would they be? What would they be ignoring sector restrictions?

Q: I have half positions in these stocks,purchased at lower prices, thanks to 5i.In what order would you add to increase my positions today?

Q: We have been warned that this could happen. Still, I am sure that many of us are concerned on the “three black crows “ and the “triple breakdown” that we are seeing . CSU has plummeted $100.00 / sh this week .

Even for those of us that trim , this has been a big hit. Based on your experience , should we expect the price to continue its descent , or should we be expecting some re-tracement at this point.
THANKS

Q: Hi
I have done well with Constellation software, having trimmed it a few time back to 5% of my portfolio.
It is now at 5% and I am wondering if the "easy money" has been made in this stock. I am considerably overweight in technology and considering selling half (2.5 %) of My CSU holding
and letting the remainder ride;
My other tech holdings are GOOG AAPL KXS LSPD SHOP

Thamks

Q: Hello Peter & team,

Have been away for a short while and am now happy to once again be a part of the 5i Family. My Question..

I have approx $20,000 to invest. It is a credit to your team how well the 5i Balanced Equity Portfolio has performed. I will not be ashamed to invest my funds via following your lead. In looking at the portfolio and with "Growth" in mind, are you able to advise which of the companies within the portfolio you would start new positions?

Thanks for all you do

Q: For an angreswive investor, where would you put new money. Can you rank them in terms of how compelling they are at their current prices ?
Thanks

Q: I don't see any reason for the 3.5% drop today. Do you?

Sheldon

Q: Recognizing the substantial market cap differences between the much larger csu and gib.a, vs the smaller otex and dsg , in what order would you rank the four in terms of the usual metrics used for tech growth companies . I currently hold gib.a and otex and am looking to either add to existing positions or add something new. If you have another growth company in this space , pleased to hear it and why.

Q: I have been in and out of this stock often and typically sell when I’m up and rebuy it when it comes down. Made over 100% again and thinking of selling the entire position. Can you advise as to how expensive it has become and how that compares historically. Thx

Q: Concerning the report, unadjusted EPS this Q3 was $3.85 compare to $3.45 for
Q2. Therefore higher for Q3 than Q2. On the other hand, they stated for Q2 adjusted EPS was $6.49.
For some reason, they didn't state the adjusted EPS for Q3 in yesterdays release.
You calculated it at $4.29.
Why didn't they state that!

Q: With revenues being close to estimates, what would you account CSU's large eps miss to?

Q: Please comment on earnings. Which one(s) would you add new money coming into a portfolio to? Thanks

Q: comments please on the quarter?

Q: I have 5 grandchildren between the ages of 0 and 11. I'd like to buy 5 stocks in my TFSA to leave alone until they are adults. Of course, I will monitor the stocks the same as I do for my other stocks, but the idea is that I would not sell unless there is a big fundamental change, and consider them a small independent portfolio. As the children come of age, the idea would be to sell a little of each I'm thinking SHOP might be an option for one holding. Can you suggest 5 stocks that would be suitable?

Q: 1. The Globe just published a list of Canadian companies CEO salaries and bonuses. Sorry for the odd question but I am find it very hard to understand how the CEO of Barrick deserves a salary of $3.2M and a bonus of $12.6M. I am hoping that you could help me understand a bit.
2. How does the CEO of CSU make money with a Salary and bonus of zero? Stock?

Q: what is expected from CSU in the quarter release on Oct 31? Thx

Q: Hello 5i, the S&P/TSX30 is based on growth over past three years . Looking forward what would be your top 8 for growth over the next three years?
I realize this is a bit of crystal ball work but I would like to hear your thoughts!!
Regards Dave

Q: Portfolio Analytics indicates that I am overweight technology and underweight financials. My position in CSU needs to be trimmed, perhaps, and I would like to know if BAM would be an equivalently good company for me to add with the funds from trimming CSU. When I review the questions on BAM your answers indicate that BAM is one of the best in Canada, a "must own" company, yet it is not in any of the portfolios. I've made a fairly firm promise to myself to follow the portfolios, but I might break it in this case. I'd like your comparison of BAM and CSU: management, balance sheet, history, outlook, etc., etc. Otherwise maybe I should just live with a 10% position in Constellation Software.
As always, thanks for your valued opinion.