Investment Q&A

Q: My question is in regard of the new financing that GSY just took:
(-- goeasy Ltd. (TSX: GSY) (“goeasy” or the “Company”), one of Canada’s leading non-prime consumer lenders, is pleased to announce that it closed its previously announced offering of US$550 million aggregate principal amount of senior unsecured notes due 2028 (the “Notes”). As announced on November 14, 2023, in connection with the offering of the Notes, goeasy also entered into a currency swap agreement (the “Currency Swap”) to reduce the Canadian dollar equivalent cost of borrowing on the Notes to 8.79% per annum. Before giving effect to the Currency Swap, the coupon on the Notes is 9.25% per annum. goeasy will use the proceeds from the sale of the Notes to fund the redemption of all of its outstanding 5.375% senior unsecured notes due 2024 (the “2024 Notes”).)

It seems to me that the cost of borrowing almost doubles that of the notes due for redemption. The amount is also considerable. Is it material to the forecast estimated EPS for 2024?

GoEasy is on a tear these days and I wonder if I just add to an already 4% position size or wait and let go. Buy more on weakness or buy now or stay put?

Thanks in advance and I know position size is personnal but GoEasy will continue to grow hence position size is still very reasonnable.

Q: Hi All at 5i!!!
I see that you have mentioned SMCI as a growth company. Is it profitable?? and does it have a moat or are there multiple competitors ???
Thank You,
Tamara

Q: I am looking at starting some new positions (3) in an unregistered portfolio – and doing so without regard to diversification or taxation – simply the best combination of a trio of stocks that based on current evaluation and their prospect for the greatest total return over the next 2-3 years.
I have reviewed your current answers over the last few weeks to a variety of similar questions and from your answers have identified a list of the stocks from those answers that I currently do not hold:
BN, DOL, DSG, EQB, DCBO, TFII, HEI, ODFL, SAIA, BKNG, ISRG. AXON, BRK.B, LLY, X, CPRT, ULTA, URI, DIR.UN, AW.UN., HPS.A, FIVE, PM, EIF, ENB, NEE, ABBV, TSLA, TOU, CELH, VRT, GLXY
Which trio (or Quartet, if you prefer!) of stocks would have your strongest conviction.

Thanks,
Terry

Q: Many analyst reports on SHOP after investor day. A mixed bag with maybe a leaning to the downside. What do you make of all this? Stock popped a couple of days ago and then gave it back and more Wednesday. From your take on investor day, what were your impressions? Still a top pick?

Q: Do these products match the yields they advertise ? What would the expected result to the etf price and yield in the environment of rate cuts in the new year.
Thx

Q: Are preferred shares treated the same as stocks,in that you still get the interest or dividend if you sell it on the ex dividend/interest payment date??

Q: I was just about to give up on Sylogist because of its downward trend over the past 5 weeks in a strong market. Then I discovered that CFRA rates it a Strong Buy!! I know that their report is algorithm-generated, but still! I checked out other CFRA algorithm-generated reports for other small-cap Canadian tech stocks and couldn’t find another Strong Buy (lots of sells). I originally signed up for 5i Research because you cover small Canadian companies. SYZ never issues stock, so there's no analyst coverage. Only algorithms. So how much credence would you put on CFRA's algorithm? What is causing it to generate a Strong Buy for SYZ?

Q: If you were to invest in the gene editing space, how would you rank these two?

Q: Today on CBC an investment person said he expected interest rate cuts to start earlier next year than later. But he then said the stock market historically seels off during interest rate cuts. This was a surprise to me. Is this just his opinion or is it historically fact? Additionally, once cuts start (and I do not expect to get to the past lows in a long time) what parts of the market do you believe will sell off and which will be a benefit.

Q: What percentage of a RRIF must a person who is 76 in 2023 withdraw?
Thanks
Dave

Q: REEMF This is about Rare Element Resources. I'm trying to understand why a company would price a future rights offering to shareholders (as of the close of the business day on Dec. 15) so far below the current stock price. The rights offering allows shareholders to buy 1.4 shares at 12 cents for each share they hold as of record date Dec. 15. The stock price has fallen by 50% in the last 5 days, that is, from about 45 cents to 20 cents. Can you shed some light on this? Thanks.

Q: Hi 5i
Re : ohns question today concerning TVE .... "TVE buy sell or hold" it appears that part of the questions was not answered.....
What price would be of interest?

Thx

Q: Stock has increased almost 15% in 10 days which is an extraordinary move for this stock.

Can you tell why?

Thanks

Sheldon

Q: I have held CSU for several years and would like to add to my position. Given the recent rise in share price would you wait for a pull-back to add to your position?

What would you see as a reasonable entry price?

Thank you,

Mike

Q: Hello Folks:
Currently we own solid positions in CIC.TO AND MFC-PK.TO and interested in both MAERSK and USA because of dividends (Maersk 19.24% and USA 9.98%).
What is your opinion of these companies, security of their dividends, growth etc. Maersk is one of the world's premier shipping companies although one questions sustainability of such a rich dividend.
All The Best
brian

Q: Please comment on the latest Q3 results and whether you would be a buyer of this beaten down stock. Thanks

Q: Further to my earlier question again I have a TFSA with these 5 equal weight components: CSU, ATD, TRI, SLF, and ENB. Could you kindly suggest an additional 5 or 6 Canadian equities that would be appropriate to add at this time?

Q: I currently have holdings in ATD, CSU, ENB, SLF, and TRI in my TFSA in equal value. Are any of these worth adding to and in what order?

Q: For the last 5 years LNF has done nothing. Yes it hs a dividend of 3.8%. But cheap as it is do you see it advancing much? EMA, EIF, and NWC pay higher dividends and have advanced quite a bit since bought. Would it be suggested that any of these three could replace LNF or should I hang on to LNF in the hopes that it may spring to life?

Q: Can you please supply 5 names that have the highest potential for growth in the next year. Div, non div, any sector. Just best growth. US and CDN.
Thank you in advance.
John