Investment Q&A

• Constellation Software Inc. (CSU $2,641.55)
  • $2,641.55 P/E (TTM): 63.84X Cap: $56.55B
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Q: Analysts’ FY2026 Estimate for CSU earnings is approx. $160, according to your own research page, as well as some other sources I looked at. Is this USD or CDN?
Also, I note that in Q3 2025 CSU reported less than $10USD/sh,
according to their own press release.
How does one make sense of these numbers?
Is the $160 estimate for 2026 actually free cash flow available to shareholders, rather than earnings?

Upvote 5

Read Answer Asked by john on January 21, 2026

• Taiwan Semiconductor Manufacturing Company Ltd. (TSM $326.83)
  • $326.83 P/E (TTM): 48.47X Cap: $1.69T
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Q: Thank you for the excellent AI Computing Stack report. Which of "2. Semiconductor, Hardware and Connectivity" subsector would TSM fit in this report?

Upvote 4

Read Answer Asked by Karen on January 21, 2026

• Celestica Inc. (CLS $412.48)
  • $412.48 P/E (TTM): 51.7X Cap: $49.35B
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• Zedcor Inc. (ZDC $5.75)
  • $5.75 P/E (TTM): 425.0X Cap: $610M
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• Tantalus Systems Holding Inc. (GRID $4.94)
  • $4.94 Cap: $252M
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Q: Hi,
I am interested in starting positions in CLS, ZDC and GRID. Do you think their current prices are a good entry point? And for CLS, I see they are expected to report earnings at the end of the month. Would it be wise to wait for that?
Thanks

Upvote 14

Read Answer Asked by Connor on January 20, 2026

• Galaxy Digital Inc. Class A common stock (GLXY $42.65)
  • $42.65 Cap: $17.34B
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Q: Could you explain the following in English please. Is this a good thing for the company?
Galaxy Announces Initial Closing of Debut Tokenized CLO at $75 Million.

Thank you
Jeff

Upvote 4

Read Answer Asked by JEFF on January 20, 2026

• Toronto-Dominion Bank (The) (TD $129.03)
  • $129.03 P/E (TTM): 11.11X Cap: $219.66B
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• Bank of Nova Scotia (The) (BNS $102.33)
  • $102.33 P/E (TTM): 25.11X Cap: $125.85B
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• Enbridge Inc. (ENB $65.41)
  • $65.41 P/E (TTM): 25.22X Cap: $142.17B
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• Canadian Natural Resources Limited (CNQ $49.33)
  • $49.33 P/E (TTM): 15.16X Cap: $99.19B
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• Sun Life Financial Inc. (SLF $86.22)
  • $86.22 P/E (TTM): 21.89X Cap: $48.12B
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• Fortis Inc. (FTS $72.56)
  • $72.56 P/E (TTM): 20.77X Cap: $36.62B
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• Enghouse Systems Limited (ENGH $18.45)
  • $18.45 P/E (TTM): 14.36X Cap: $1.02B
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• TMX Group Limited (X $51.34)
  • $51.34 P/E (TTM): 30.91X Cap: $14.13B
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• Open Text Corporation (OTEX $39.49)
  • $39.49 P/E (TTM): 15.17X Cap: $10.03B
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• Hydro One Limited (H $53.19)
  • $53.19 P/E (TTM): 24.56X Cap: $32.06B
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Q: Can you please provide your analysis of whether AI software developments will negatively impact the businesses of OTEX and ENGH? Both companies seem solid, reasonably well-managed, and pay nice dividends to compensate for their low growth. Should I be concerned that their revenues will decline over time such that my retirement income will be in jeopardy? Should I move on to a more stable dividend payer, for example FTS, that is less likely to be hurt by AI?

Upvote 10

Read Answer Asked by David on January 19, 2026

• Dollarama Inc. (DOL $191.60)
  • $191.60 P/E (TTM): 41.7X Cap: $53.85B
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• Intact Financial Corporation (IFC $262.75)
  • $262.75 P/E (TTM): 21.84X Cap: $47.39B
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• Celestica Inc. (CLS $412.48)
  • $412.48 P/E (TTM): 51.7X Cap: $49.35B
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• Descartes Systems Group Inc. (The) (DSG $113.19)
  • $113.19 P/E (TTM): 51.59X Cap: $10.06B
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• Enghouse Systems Limited (ENGH $18.45)
  • $18.45 P/E (TTM): 14.36X Cap: $1.02B
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• Toromont Industries Ltd. (TIH $175.93)
  • $175.93 P/E (TTM): 29.53X Cap: $14.33B
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• TFI International Inc. (TFII $152.49)
  • $152.49 P/E (TTM): 29.23X Cap: $12.85B
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• Open Text Corporation (OTEX $39.49)
  • $39.49 P/E (TTM): 15.17X Cap: $10.03B
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• Alimentation Couche-Tard Inc. (ATD $75.02)
  • $75.02 P/E (TTM): 19.29X Cap: $67.95B
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• Brookfield Corporation Class A Limited Voting Shares (BN $63.42)
  • $63.42 P/E (TTM): 93.49X Cap: $140.66B
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• Brookfield Asset Management Ltd. Class A Limited Voting Shares (BAM $70.03)
  • $70.03 P/E (TTM): 33.0X Cap: $112.46B
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Q: I am not particularly proud to acknowledge that I own the above- but I do. ENGH and OTEX are in accounts that are structured for income and some growth, while DSG is in an account that is looking for primarily growth. Canadian traded is key for all. Looking for your input on these companies and whether there are better options that I am missing.
No hurry to reply; deduct credits as necessary.
Seconding the comment today regarding your recent report. Well done and I hope that now you have it you continue to update it as companies come and go. It is a great resource.

Upvote 12

Read Answer Asked by Robert on January 19, 2026

• Vanguard S&P 500 ETF (VOO $624.72)
  • $624.72 P/E (TTM): 26.09X Cap: $822.09B
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• Invesco S&P 500 Equal Weight ETF (RSP $197.63)
  • $197.63 P/E (TTM): 21.93X Cap: $78.10B
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Q: I have large positions in most of Mag7, as well as VOO. For a 20 year time horizon, should I keep putting money into VOO or start a position in RSP for less concentration risk.

Upvote 3

Read Answer Asked by Wes on January 17, 2026

• Constellation Software Inc. (CSU $2,641.55)
  • $2,641.55 P/E (TTM): 63.84X Cap: $56.55B
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Q: CSU seemed to have created a base between $3,300 and $3,400 but appears to be falling again the last two days to new lows. Is there anything new that explains such movement in the last 2 days. I was hoping that with it settling at $3,300 and tax loss selling over, it would have move up. Quite the opposite.

Upvote 5

Read Answer Asked by Thomas on January 16, 2026

• Galaxy Digital Inc. Class A common stock (GLXY $42.65)
  • $42.65 Cap: $17.34B
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Q: You had mentioned earlier that you were waiting for momentum to change for GLXY. It looks like that's happening. Can you please explain why and is this a good entry point for a swing trade?

Thanks,
Neeraj

Upvote 3

Read Answer Asked by Neeraj on January 16, 2026

• Galaxy Digital Inc. Class A common stock (GLXY $42.65)
  • $42.65 Cap: $17.34B
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Q: Significant gains today based on news that they have secured ERCOT approval to double capacity at their Helios data center and that they have completed their first-ever tokenized collateralized loan obligation. I understand the positive gains in doubling power capacity but could you please explain the significance of the CLO in layman’s terms. Also, their deal with CoreWeave should show results in 2026, I know you like this stock and I bought in on your prior. Could you please evaluate the impact of the recent announcement, apart from today’s short-term spike

Upvote 2

Read Answer Asked by Warren on January 16, 2026

• Nutrien Ltd. (NTR $94.19)
  • $94.19 P/E (TTM): 53.93X Cap: $44.94B
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Q: Anything popping NTR Weds.?

Thx

Upvote 7

Read Answer Asked by blake on January 15, 2026

• Constellation Software Inc. (CSU $2,641.55)
  • $2,641.55 P/E (TTM): 63.84X Cap: $56.55B
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Q: At what price would Csu consider taking it private?
Best Guess

Upvote 4

Read Answer Asked by Terry on January 14, 2026

• goeasy Ltd. (GSY $127.10)
  • $127.10 P/E (TTM): 9.39X Cap: $2.04B
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Q: Is there any risk here with recent warnings of a 10% cap on interest south of the border?

Upvote 7

Read Answer Asked by Chris on January 13, 2026

• Trisura Group Ltd. (TSU $43.51)
  • $43.51 P/E (TTM): 17.71X Cap: $2.13B
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• Propel Holdings Inc. (PRL $23.52)
  • $23.52 P/E (TTM): 11.06X Cap: $951M
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Q: Is it time to switch from PRL over to TSU? TSU looks to be getting close to breaking out to an all time high and a trading range that its been in since 2021.

Upvote 11

Read Answer Asked by Sal on January 12, 2026

• VanEck Gold Miners ETF (GDX $101.36)
  • $101.36 P/E (TTM): 37.99X Cap: $30.80B
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• Kraken Robotics Inc. (PNG $7.24)
  • $7.24 P/E (TTM): 125.0X Cap: $2.31B
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• HIVE Digital Technologies Ltd. (HIVE $4.27)
  • $4.27 P/E (TTM): 27.73X Cap: $1.04B
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• Galaxy Digital Inc. Class A common stock (GLXY $42.65)
  • $42.65 Cap: $17.34B
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• Tantalus Systems Holding Inc. (GRID $4.94)
  • $4.94 Cap: $252M
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• Electrovaya Inc. (ELVA $14.46)
  • $14.46 P/E (TTM): 145.9X Cap: $614M
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• Nebius Group N.V. (NBIS $93.75)
  • $93.75 Cap: $23.64B
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Q: Your firms conviction seems to have dropped recently?

Upvote 8

Read Answer Asked by Charles on January 12, 2026

• Kraken Robotics Inc. (PNG $7.24)
  • $7.24 P/E (TTM): 125.0X Cap: $2.31B
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Q: Moving upwards nicely to start the year. What catalyst do you see for the stock this year to keep it hitting new highs? Heard a new index listing might be possible? Also do you think they will list on the US exchange?

Appreciate the recommendation on this one.

Upvote 15

Read Answer Asked by Sal on January 09, 2026

• Kraken Robotics Inc. (PNG $7.24)
  • $7.24 P/E (TTM): 125.0X Cap: $2.31B
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Q: Kraken has been in a tear in the last week. Is it out over its skis or does it have a lot of room to still grow?

Appreciate your insight.

Paul F.

Upvote 13

Read Answer Asked by Paul on January 09, 2026

• Kraken Robotics Inc. (PNG $7.24)
  • $7.24 P/E (TTM): 125.0X Cap: $2.31B
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• Zedcor Inc. (ZDC $5.75)
  • $5.75 P/E (TTM): 425.0X Cap: $610M
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Q: Hello,
What is driving the surge in Kraken Robotics? Also, would you split monies for both stocks or what percentage should one allocate to each assuming i had 10k to invest? Lastly, this is a general question. How do the ETF providers buy so many stocks in an ETF and maintain a low fee structure? Much appreciate it.

Upvote 15

Read Answer Asked by umedali on January 09, 2026

• Wheaton Precious Metals Corp. (WPM $191.51)
  • $191.51 P/E (TTM): 62.19X Cap: $88.93B
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• Agnico Eagle Mines Limited (AEM $284.98)
  • $284.98 P/E (TTM): 34.74X Cap: $145.41B
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• Capstone Copper Corp. (CS $14.54)
  • $14.54 P/E (TTM): 26.0X Cap: $10.85B
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• Lundin Gold Inc. (LUG $116.66)
  • $116.66 P/E (TTM): 30.61X Cap: $29.20B
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• NorthIsle Copper and Gold Inc. (NCX $3.11)
  • $3.11 Cap: $907M
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Q: Just wondering what your take on Ncx today as it has had a very good run and is moving high on high volume lately

Upvote 5

Read Answer Asked by lynn on January 08, 2026

• CGI Inc. Class A Subordinate Voting Shares (GIB.A $120.90)
  • $120.90 P/E (TTM): 17.3X Cap: $26.19B
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• Constellation Software Inc. (CSU $2,641.55)
  • $2,641.55 P/E (TTM): 63.84X Cap: $56.55B
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• Descartes Systems Group Inc. (The) (DSG $113.19)
  • $113.19 P/E (TTM): 51.59X Cap: $10.06B
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• Kinaxis Inc. (KXS $148.37)
  • $148.37 P/E (TTM): 96.21X Cap: $4.54B
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• Open Text Corporation (OTEX $39.49)
  • $39.49 P/E (TTM): 15.17X Cap: $10.03B
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• Shopify Inc. Class A Subordinate Voting Shares (SHOP $191.50)
  • $191.50 P/E (TTM): 114.86X Cap: $260.33B
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Q: Do you have a more recent update on DOCCKS than January 2025

Upvote 9

Read Answer Asked by Eric on January 08, 2026