Investment Q&A

Q: Please list your top 3 Canadian Companies for 5+ years hold.
My present portfolio is primarily US with equal amounts of GOOG, AMZN, BRKB, BABA, TCEHY.

Q: May I please get your opinion on Lassonde Industries (LAS.A) with the recently announced acquisition, as well as Constellation Software (CSU).

Thank you,

Q: Hello 5i
In yesterday’s Q&A you replied to a question from Glen that one of your important considerations when assessing a company was “strong management”. I couldn’t agree with you more. Would you consider adding a management rating to the “report card” section of your company reports?
And on that note would you supply 6 companies that have admirable management and board teams.
Many thanks

Q: Please suggest 2 companies in Canada and 2 companies in the USA you would buy today. No need to worry about portfolio diversity, or sector weighting. Just your 2 favorites in each country and let's say with a 5 year time frame before I would want to access the funds or switch them to income stocks.

Q: Peter,
Thanks to 5i we purchased CSU shares some years ago. As of close of business yesterday the shares had risen 510%. (I sold some shares last year when the weighting became to high). Now Mr. Rosen is predicting a crash or a recession. He seems to be counselling selling shares to raise cash. However why would I sell my hard won shares because of Mr. Rosen’s predictions? Investors need to think of themselves as owners of a business not “riverboat gamblers” going to get rich quick. I can assure the members that the officers of CSU are not selling their shares because Mr. Rosen is calling a market top. I once read somewhere that making predictions is a bit like spitting into the wind - you got to accept there will be a little spit on the toe. In Mr. Rosen’s case he seems to be going for a “spit polish” - maybe on both shoes!
Thanks for all you do
Jim

Q: CSU's
Q1 looks pretty solid. Please comment on it. Include your thoughts on 0% adjusted organic growth and if there is anything negative.

Q: You answered $5.92 to a request for CSU's consensus estimate for Q1 eps, but your company info shows $7.26.
Should we take these numbers as the range?

Q: Hi Everyone at 5i! Could please list for me 5 companies , of any type, with good valuation, that have a niche or moat and are worth investing in at this point in time. Thank you, Tamara

Q: Hi, Could you please post the street estimates for Constellation Software for Apr 25. Thanks

Q: Here is the link to Mark Leonard's Annual President's Letter released Apr/20/2018.
Such an interesting read for shareholders and everyone else !!!
We are so happy to be proud shareholders for several years. Thanks to Jason Donville and 5iResearch.

http://www.csisoftware.com/2018/04/constellation-software-inc-2017-presidents-letter/

Q: Hi 5i team,
From your 3 portfolios, which are the stocks that interlisted on US exchanges, and which stock pay their dividends in US$? Thanks.

Q: In a well diversified portfolio which one of these three companies would you choose for a long-term hold and with a view of an increased probability for a recession by the end of 2019? Can you please comment on your investment rationale?
Thanks

Q: I have done very well over the years with csu ( thanks to you) and still have about 8% in portfolio. thinking about selling half and buying csco
My thinking is csco is ready to move. good idea?

Q: Csu is down about $21 or 2.5 % today which is a good up day. I dont see any news ?
Am I missing anything
Thanks

Q: Is this a good time to add tech? If so, do you see one or two stocks that you would recommend now? I was thinking of a mix of CSU, OTEX, and KXS.

Q: Peter, if you became a fund manager again starting this week, what would be the first stock you would want to buy?

Q: Hello 5i:
We currently hold about 4% of our portfolio in CSU.DB; bought first about 3 years ago with subsequent additions. It's been a very good and stable performer (thanks for the tip as in addition to the excellent dividend, we also have capital gains). Can you provide another name, possibly A ranked company that would have a similar fixed income contribution? Or, should we merely increase our weighting in CSU.DB?
btw, we also hold CSU (the regular equity) at about 3% of our portfolio.

thanks
Paul L

Q: I currently have positions in Kinaxis and Constellation with allocations of 4.28% and 2.07% respectively. Would it be advantageous to reverse the allocations. Selling Kinaxis would involve taking a large capital gain.

Thank you for the great service.

Q: HI 5i, My TFSA account contains all this: CSU KXS PHO SIS, I'm looking may be for a new Stock. Considering COV or RHT, or any other (you think is better fit for me), of these two which one would you suggest for growth , some risk is ok.

Thanks

Q: Mr. Hodson, are you still of the view that CSU is a bit better than GUD (until it spends its hoard of cash) ?