Investment Q&A

• KKR & Co. Inc. (KKR $116.77)
  • $116.77 P/E (TTM): 52.32X Cap: $103.39B
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• Blackstone Inc. (BX $146.79)
  • $146.79 P/E (TTM): 44.39X Cap: $109.59B
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• Apollo Global Management Inc. (APO $132.89)
  • $132.89 P/E (TTM): 20.37X Cap: $76.45B
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• Invesco Global Listed Private Equity ETF (PSP $68.42)
  • $68.42 P/E (TTM): 24.82X Cap: $322M
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• Carlyle Group Inc (The) - Ordinary Shares (CG $60.54)
  • $60.54 P/E (TTM): 34.97X Cap: $21.73B
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• Blue Owl Capital Inc. Class A (OWL $14.50)
  • $14.50 P/E (TTM): 120.69X Cap: $22.66B
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Q: In researching the Swedish company EQT, a global powerhouse in finance (listed as EQT on the Stockholm exchange ) I found that EQT.st is the largest holding in PSP, the US-listed ETF that holds alternative asset managers and private equity companies. Many of the businesses held by PSP look attractive, including for example: KKR, OWL, APO, CG and BX. Do you think PSP the ETF is an attractive buy currently over EQT.st? I much prefer EQT.st but I ask you whether you would rather hold one or more of the individual constituents of PSP? If the latter, which companies, if any, do you think have good financial prospects and are at reasonably good prices to buy now?

Upvote 1

Read Answer Asked by Adam on September 12, 2025

• Royal Bank of Canada (RY $225.93)
  • $225.93 P/E (TTM): 16.14X Cap: $320.91B
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• Toronto-Dominion Bank (The) (TD $126.90)
  • $126.90 P/E (TTM): 11.16X Cap: $222.65B
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• Bank of Nova Scotia (The) (BNS $102.08)
  • $102.08 P/E (TTM): 25.18X Cap: $128.51B
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• Bank of Montreal (BMO $188.81)
  • $188.81 P/E (TTM): 15.75X Cap: $132.84B
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• Canadian Imperial Bank Of Commerce (CM $126.33)
  • $126.33 P/E (TTM): 14.85X Cap: $117.46B
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• National Bank of Canada (NA $162.20)
  • $162.20 P/E (TTM): 16.41X Cap: $63.21B
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Q: In your opinion, are Cdn. bank stocks overvalued and is it time to trim. Along with two Cdn insurance companies they currently represent approximately 26% of our portfolio

Upvote 8

Read Answer Asked by Donald on September 11, 2025

• Galaxy Digital Inc. Class A common stock (GLXY $43.26)
  • $43.26 Cap: $17.60B
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Q: Hi 5i
Do have any insight into what has been driving glxy today...any news available...
would you continue to hold ?
thx

Upvote 4

Read Answer Asked by jim on September 11, 2025

• Invesco Global Listed Private Equity ETF (PSP $68.42)
  • $68.42 P/E (TTM): 24.82X Cap: $322M
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Q: Best alternative asset managers ETF?
Thank you!

Upvote 1

Read Answer Asked by Carlos on September 11, 2025

• Intact Financial Corporation (IFC $247.37)
  • $247.37 P/E (TTM): 21.86X Cap: $44.76B
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Q: Would you consider right now a good buy opportunity for IFC for a medium term hold (+/- 5 years)?

Upvote 7

Read Answer Asked by Rob on September 11, 2025

• Thomson Reuters Corporation (TRI $158.91)
  • $158.91 P/E (TTM): 31.05X Cap: $71.79B
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• Thomson Reuters Corp (TRI $117.28)
  • $117.28 P/E (TTM): 31.05X Cap: $52.35B
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Q: TRI has had a noticeable selloff over the last few months. Any specific company reasons?

Upvote 5

Read Answer Asked by Bill on September 11, 2025

• Intact Financial Corporation (IFC $247.37)
  • $247.37 P/E (TTM): 21.86X Cap: $44.76B
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• goeasy Ltd. (GSY $128.85)
  • $128.85 P/E (TTM): 9.43X Cap: $2.05B
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• EQB Inc. (EQB $107.32)
  • $107.32 P/E (TTM): 16.33X Cap: $4.04B
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• Propel Holdings Inc. (PRL $24.30)
  • $24.30 P/E (TTM): 11.13X Cap: $957M
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Q: If I were to sell EQB which stock would you buy to replace this one ? Currently own TD and X.

Thanks

Upvote 10

Read Answer Asked on September 10, 2025

• Brookfield Asset Management Ltd. Class A Limited Voting Shares (BAM $69.67)
  • $69.67 P/E (TTM): 32.38X Cap: $113.10B
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Q: Hello,

Is there a specific reason dragging BAM down in the short term? A good opportunity to complete a position?

Thanks

Upvote 5

Read Answer Asked by Charles on September 09, 2025

• ISHARES BITCOIN TR (IBIT $50.51)
  • $50.51 Cap: $69.60B
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Q: Owning crypto ETF’s vs actual coins: If Bitcoin, for example, goes to $200,000 from its current level would we expect the same Percentage increase in the value of a bitcoin etf?

Thanks.

Upvote 5

Read Answer Asked by Donald on September 09, 2025

• Opendoor Technologies Inc (OPEN $5.76)
  • $5.76 Cap: $5.54B
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Q: Thoughts on this new company, trading in the US at a new high?

Upvote 1

Read Answer Asked by David on September 08, 2025

• Circle Internet Group Inc. Class A (CRCL $72.84)
  • $72.84 Cap: $16.47B
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Q: CIRCLE Group CRCL has declined significantly from its highs. Do you think it's a buying opportunity at current prices? Would you consider it a viable long-term investment? I'd appreciate your analysis. Thank you.

Upvote 1

Read Answer Asked by Esther on September 08, 2025

• goeasy Ltd. (GSY $128.85)
  • $128.85 P/E (TTM): 9.43X Cap: $2.05B
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• EQB Inc. (EQB $107.32)
  • $107.32 P/E (TTM): 16.33X Cap: $4.04B
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• VersaBank (VBNK $21.13)
  • $21.13 P/E (TTM): 24.78X Cap: $690M
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• Propel Holdings Inc. (PRL $24.30)
  • $24.30 P/E (TTM): 11.13X Cap: $957M
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Q: hi folks, thoughts on Q results for Versabank, Vbnk/t & q....stock took big hit on last Q results but recent news/developments seem encouraging??....Chris mentioned stock/liked previously in a podcast....have held for awhile....things look better going forward, or time to cut loose & move on....thx as always, jb

Upvote 7

Read Answer Asked by John on September 05, 2025

• Brookfield Corporation Class A Limited (BN $47.09)
  • $47.09 P/E (TTM): 92.37X Cap: $106.40B
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• Brookfield Asset Management Ltd. Class A Limited Voting Shares (BAM $69.67)
  • $69.67 P/E (TTM): 32.38X Cap: $113.10B
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Q: Sep 2 morning,Bam announced joint acquistion of Air Lease.Negative response on both Bam & Bn for 2 days,then turned positive today.Any reasons.?Your opinion on the purchase. Are they buyable,& what are good entry price.Txs for u usual great opinion & services

Upvote 10

Read Answer Asked by Peter on September 05, 2025

• JPMorgan Chase & Co. (JPM $300.77)
  • $300.77 P/E (TTM): 15.03X Cap: $817.52B
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• Royal Bank of Canada (RY $225.93)
  • $225.93 P/E (TTM): 16.14X Cap: $320.91B
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• Toronto-Dominion Bank (The) (TD $126.90)
  • $126.90 P/E (TTM): 11.16X Cap: $222.65B
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• Bank of Nova Scotia (The) (BNS $102.08)
  • $102.08 P/E (TTM): 25.18X Cap: $128.51B
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• Canadian Imperial Bank Of Commerce (CM $126.33)
  • $126.33 P/E (TTM): 14.85X Cap: $117.46B
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• Sun Life Financial Inc. (SLF $85.41)
  • $85.41 P/E (TTM): 21.58X Cap: $47.54B
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• Propel Holdings Inc. (PRL $24.30)
  • $24.30 P/E (TTM): 11.13X Cap: $957M
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Q: I am overweight in financials. Can you order the noted stocks in terms top to bottom ranking?

Upvote 10

Read Answer Asked by Judith on September 04, 2025

• Nu Holdings Ltd. Class A (NU $18.76)
  • $18.76 Cap: $89.38B
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Q: hello 5i:
please update your comments on NU. Recent articles indicate they are undervalued compared to peers. Do you agree? Do you see them more favourably than you did in previous answers or are you still cautious?
thanks
Paul L

Upvote 2

Read Answer Asked by Paul on September 03, 2025

• Propel Holdings Inc. (PRL $24.30)
  • $24.30 P/E (TTM): 11.13X Cap: $957M
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Q: Hi 5i
Current thoughts on PRL? Your report was done March 2024 and it has almost doubled. Update soon?

Upvote 9

Read Answer Asked by Greg on September 03, 2025

• Intact Financial Corporation (IFC $247.37)
  • $247.37 P/E (TTM): 21.86X Cap: $44.76B
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• Definity Financial Corporation (DFY $67.68)
  • $67.68 P/E (TTM): 21.73X Cap: $8.57B
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Q: Which company do you favour at this point...please and thank you...cheers

Upvote 6

Read Answer Asked by Cam on September 03, 2025

• Fiera Capital Corporation Class A Subordinate Voting Shares (FSZ $6.11)
  • $6.11 P/E (TTM): 24.36X Cap: $656M
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Q: With Guardian Capital being bought by Desjardins what might be FSZ fate. I still hold this from the days it was a part of the Income portfolio. Worth hoping for a similar fate.

Thx

Upvote 3

Read Answer Asked by blake on September 03, 2025

• The Westaim Corporation (WED $25.25)
  • $25.25 Cap: $842M
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Q: Not much has happened in short term with respect to share price. Last quarter has seen a small sell off, but I don’t that that was material to longer term plans. Is this a good price to add more significantly

Upvote 2

Read Answer Asked by Jim on September 02, 2025

Q: Just a follow-up to Les’ question about finding total returns for a company. Doesn’t the 5i interactive graph just show the percentage increase in share price, not total returns including dividends?

Upvote 4

Read Answer Asked by Stephen R. on September 02, 2025