Investment Q&A

Q: First, Thank you for your insights in the last 9 months, your wise words and recommendations made a big difference in the total value of my investment accounts.

In the bad (but good news) I am now way out of whack in my portfolio, 7 of my top ten positions are in technology. I remember JDS fitel and how I let that position grow to 50% of my portfolio only to have it crash down to about 5% of my portfolio and kicking myself for that and promising myself that I would never get into that position again....and here I am. Then the only great returns I was getting was on JDS and Nortel. Now its on US technology stocks and a few Canadian technology stocks , Lspd, Shop and NVei. I know the right thing to do is to rebalance the portfolio but its hard to say goodbye to stocks that are churning ahead most every day to go to slow movers.

I know to get better returns I have to stretch and bulk up on technology but is that the right thing to do or should one bite the bullet and try to keep a balanced portfolio ejecting part of the strong to buy a little more of the "ho hum steady Eddie" stocks. I guess it boils down to what is the maximum percentage of technology stocks that you think one should have in their portfolio and what is the maximum percentage one should have in one stock.

thanks for the great service, Jean

Q: I have a very small position (<1%) with Artis REIT. It has grown smaller as most of my other holdings have increased in value. While I'm down 20% off my purchase price, it's redeeming itself with a nice dividend. But at this point I feel like I should either buy more to bring it up to closer to 2%, or dump it and find something with more growth potential (not necessarily a REIT).
Any advice? Eliminate it or add to it?

Q: Last week on BNN Bloomberg the ceo mentioned that they are supplying to Tesla. On the company website they have technical/ marketing papers that explain the use of their transformers in electric power stations and how there will be large demand for more dry transformers as the demand for charging cars increases. I note they opened a plant in Reno Nevada in January 2020 that is 3 times larger than their other plants nearby and is not meant to replace current plants but to add capacity. Tesla has a big battery factory in Nevada.

Q: I see that Grand West Transportation BUS-X is up 27.5% on the day. Do you have any news to support this update? Thanks

Q: Hi, other than GBTC and QBTC, if one wanted to take a flyer in some bitcoin stocks, what would be 2-3 "high quality" Cdn or US names and how would they rank? And any other ETF's other than the two mentioned that could benefit? Thanks!

Q: If this sector 'breaks' or the market cracks, some of these EV names are going to be hit very hard. For now, we would pass.
A quote from your answer to Austin on Jan. 4, I am just curious about what happens when a sector breaks.
In the case of EV charging being early in development how would it break?
Thank you, Peter

Q: Several questions so please take credits as applicable,

For Growth please choose one, but please ignore the different sub sectors:
1. CAE or AC or or SJ, or WSP or CJT
2. CCL or WPM or TECK or AEM or FM or LUN or WFT
3. EFX or ENB or CVE or CNQ or PPL
4. DOL or QSR or TOY or CTC

Thanks!

Q: Peter; I own multiple Mawer funds thanks to you . One is the Maw130- I just tried to buy some more and was told by BMOINVESTORLINE that it is F class fund and I can’t buy it - yet I must have once because I own it and it shows in my holdings. Can you clear this up ? Thanks. Rod

Q: My holdings in these two companies have grown substantially even though I recently sold a bit of NPI. Given that I think the sector has a very strong future, I am loathe to sell too much even though you'd say I am still overweight the sector (13%, not including other utilities like FTS).

Does it make sense to move some of my holdings into AQN, or would you really prefer to advise me not to let the holdings in this sector get too big?

Thanks for all your help.

Q: I'm now seeing many many people on different social media platforms, including very young people, talking about day trading, leverage, how much money they made on this or another stock. It reminds me very much of the tech bubble when, overnight, everyone became a stock market investor and guru. Are you seeing any of this and is it going to float prices higher do you think?

Q: Thoughts on this company as an investment? When is the lockup period done?

Q: Myself and my 21 yo daughter have been building a balanced portfolio following your recommendations. Thanks to your service this has been an incredible learning experience for her and profitable to boot! Right now we are trying to decide between PINS NVDA and AMZN to add to her TFSA (We are also adding TT at this time and are balanced across market sectors). Just wonder which you would prefer at this time for potential long long term growth.

Q: there is a company called, ark clean energy . They build small nuclear power plants. Do you know or any competitors that are listed on stock markets and can be invested in ? thanks.

Q: Can I get your views on this smaller cap industrial stock? I am looking to increase my holdings in this sector. Thx.

Q: Hi group as i understand this is supposed to be a seasonally good time for gold /silver stock however am becoming increasingly concerned about its poor performance in the last couple of weeks. (today is another bad day and it about to break a key support level of just over $1800. Seems like Bitcoin is cutting into golds/silver market? . Presently I have 20 % of my portfolio in gold. AEM.GLD, GDXJ, GDX, MAG, WDO, EQX,SIL, USA (a)What is your outlook overall for gold? (b) should I trim some of my positions if so which ones (c) Is Bitcoin a serious competitor /replacing gold as a safe haven . As always your guidance is much appreciated

Q: What is your opinion of this palladium exploration company?

Q: Hi, This is a list of potential momentum companies that you had suggested to another member. When I go into the 5i profile for each one, they all have negative P/E's except BKNG.
Am I reading this correctly - are they all losing money?

Q: Given your answer today about BEPC having too much of a premium, do you advice selling it and buying BEP.UN instead?

Q: Thoughts on NFI going forward? Investor day today in Winnipeg. Did you have a chance to tune in? Marketseems to like the guidance. Thx

Q: Given the thesis's that has recently been discussed in Seeking Alpha and in the Globe, as well as NFI's high market share/strong relationships, and the guidance provided in today's Investor Presentation, I would think that the stock has the potential to rise greater than the 52 week high of $33.94 in the near future. The main driver is the move to Zero Emission Buses (ZEB), in part aided by infrastructure spending/subsidies, from traditional buses.

NFI had been trading at $59.00 in February of 2018. At that time the Fiscal 2017 Performance was Revenue: US $2.38B, Adjusted EBITDA: US $318.0M and Return on Sales: 13.4%. That was prior to their acquiring Alexander Dennis.

NFI had their "Virtual Investor Day" this morning; which would have been a greater catalyst than the Seeking Alpha article. I watched the investor day video
https://www.nfigroup.com/investor-relations/investor-day-2021/ this evening, during which NFI:
- reaffirmed its financial guidance for 2020, including Adjusted EBITDA of $145 million to $155 million;
- announced its financial guidance for 2021, including Adjusted EBITDA range of $220 million to $240 million, representing a potential improvement of over 50% from 2020 expectations; and
- announced longer-term targets for 2025, including Adjusted EBITDA of $400 million to $450 million and a Return on Invested Capital ("ROIC") target above 12%.

Given the above, as well as the state of today's markets as it relates to renewables and EV's do you think that we might see NFI trading at or near $60 in the next year?

Thanks for the great work you do!!!

Cory