Investment Q&A

Q: Portfolio weighting a aside. For a young investor if you were topping up two of these, which two would you choose? Cheers

Q: Am fed up with AVO lost 2000, balance left 5600
want to dump and buy CSU for a 4 year horizon per your own hunches on CSU.Will I recover my 2K quicker that way?.
Your thoughts
Art

Q: Hi Everyone,
Thank you for great service. My question if for Peter. If you have to own one stock today out of all stocks that you cover which stock would you pick? Thank you
Allan

Q: I don't have a lot of tech exposure in my portfolio and am looking to add. Which of the tech companies in the model portfolio should an investor start buying at this point if you could only buy two? Thanks

Q: "Constellation Software Inc. Announces Possible Cash Offer for Bond International Software plc


What will be total purchase price, Constellation needs to pay @105 pence for remaining Bond International shares, if a formal offer is made? Also, do you believe, this acquisition will add good value to Constellation Software ? Thanks

Q: Hi team, Im holding CSU for the last year in my TFSA account which is a 14 % holding , it hasn't done much over the year and Im thinking of selling the shares and replacing it by KXS , PBH or AEM , which of the 3 do you suggest.......Thanks.

Q: George asked about best Canadian growth stocks. You suggested KXS, SH, SIS. Where does CSU fit? I see it seems to be coming back strongly after its miss.

Q: I checked my Scotia itrade account after reading your answer regarding Canadian companies paying $US dividends. My account states states that MG, OTC, CSU, CXR and BEP.UN are all paying Dividends in $US and then converting it into $CA. I am going to assume that they are charging me for that conversion each time which goes against my strategy to pay as little as possible in fees. What is my best solution to this problem. I do have a US trading account with BMO investorline. Would it be best to buy these stocks in $US to eliminate conversion fees. Any other insights or solutions would be appreciated. Thank you.

Q: Hi 5i,

Constellation Software were going to issue a new class of shares. I think they were called DE common shares? Do you know anything about this and why they what to do it?

Thanks, Shane

Q: I know that BEP.UN pay their cash distribution in US$ are there any other companies that are in your portfolios that pay in US$ or is BEP.UN the only company.

Thanks

Q: Can you please briefly compare the 3 tagged companies in terms of how cheap they are on a valuation basis, their international exposure, and their expected growth rates?

If you had to pick 1 or 2 of them to put money in now what would you choose?

Thank you.

Q: Good Morning Guys, great job, I love the service and have been a customer from your very first day in business. In regards to CSU how closely do you consider technical analysis? I read some info this morning that is somewhat concerning. Long term trendline reversal, 50 day MA crossing below the 200 day, then the 200 day rolling over and going negative. Key support is $428, a break below that could suggest $267. Any thoughts? Thanks

Q: Any important information from the Q1 conference call for Constellation Software? Did management explain why EPS was such a big miss?

Q: After todays drop would you addto it?

Thanks

Q: Hi Could you please comment on CSU earnings and the reasons for the miss. FX and strong USD was cited as one reason. What about negative 2% organic growth ? In your view, is the company's pace of growth is showing signs of exhaustion and saturation? The President's letter was pretty impressive but results not so much !! Thanks for your incredible service.

Q: In the just released annual Presidents letter the CEO states: "When really good companies start trading at 5 and 6 times revenues, it’s time to start worrying. I hope
our shareholders are never in that position."

How many multiples of revenue is CSU current share price?

Q: What is the consensus for Q1 revenue, adjusted ebitda and adjusted eps in US dollars?

Q: Hello,

I had a portfolio with 40 Canadian stocks and it was just too many. For one thing it was too hard to follow them all and because my canadian equities only represent 60% of my portfolio, I didn't benefit much when one of the stocks did well. I've been working towards 25-28 names, selling the ones I don't want as they recover and adding them to the other positions.

I have one too many tech stocks and am trying to figure out which one to drop. I'm starting think it should be CSU as it seems to have topped out and doesn't have much organic growth. What are your thoughts on this?

My current tech stocks are OTC, ESL, CSU, SYZ, GIB, SH and TNC. Yesterday I added to OTC, ESL and SH.



Carla

Q: In Constellation Software Annual Meeting voting instructions, we are asked for vote for:

A SPECIAL RESOLUTION AUTHORIZING AND APPROVING AN AMENDMENT TO THE ARTICLES IN ORDER TO (I) CREATE A NEW CLASS OF COMMON SHARES TO BE DESIGNATED AS DE COMMON SHARES, TO BE ISSUABLE AT ANY TIME OR FROM TIME TO TIME AT THE DISCRETION OF THE BOARD OF DIRECTORS OF THE CORPORATION, (II) AMEND AND RESTATE THE RIGHTS, PRIVILEGES, RESTRICTIONS AND CONDITIONS ATTACHING TO THE COMMON SHARES OF THE CORPORATION, AS APPLICABLE, TO REFLECT THE CREATION OF THE DE COMMON SHARES, AND (III) CHANGE THE BASIS UPON WHICH THE MAXIMUM NUMBER OF CLASS A PREFERRED SHARES WHICH MAY BE ISSUED BY THE CORPORATION IS CALCULATED TO REFLECT THE NUMBER OF ISSUED AND OUTSTANDING COMMON SHARES ON A FULLY DILUTED BASIS, ALL AS MORE PARTICULARLY DESCRIBED IN THE ACCOMPANYING MANAGEMENT INFORMATION CIRCULAR.

I have read the Management Information Circular. My understanding: one can convert common shares to DE common shares and must be held for one year from the date of issue. Holders of DE common shares are not expected to be paid regular dividends. DE Common shares will not be listed on any stock exchange. DE common shareholders will be able to reinvest dividends (DRIP) in a more tax efficient manner. If any point is incorrectly, please advise.

My questions are:
1) How would you recommend voting for this resolution?

2) If this resolution was passed and DE Common Shares are made available, what investment criteria would one choose convert to DE Common Share versus keeping Common Shares?

3) Is creation of DE common stocks a common practice in public listed companies (either in Canada or US)? If yes, what other listed Canadian companies have issue this type of stocks?

Thank you.

Q: My tech holdings are 17% of my portfolio, which is a lot higher than your latest recommendation. They include: CSU, DH, ESL, ET, MDA. Should I lighten up or is this ok for a senior who doesn't need current funds? I'd be willing to part with any of them except CSU. Thank you.