Investment Q&A

• TMX Group Limited (X $48.58)
  • $48.58 P/E (TTM): 33.32X Cap: $13.51B
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Q: Is this a good entry point to build a long-term position?

Upvote 3

Read Answer Asked by Gary on October 08, 2025

• TMX Group Limited (X $48.58)
  • $48.58 P/E (TTM): 33.32X Cap: $13.51B
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Q: I have held X off and on over the tears in a balanced portfolio and at times it has done reasonably well. Current performance has been disappointing. Time to get rid of it? Not looking for substitute.

Upvote 4

Read Answer Asked by John on October 08, 2025

• Manulife Financial Corporation (MFC $46.45)
  • $46.45 P/E (TTM): 15.32X Cap: $77.88B
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• Power Corporation of Canada Subordinate Voting Shares (POW $64.88)
  • $64.88 P/E (TTM): 13.47X Cap: $41.05B
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• Sun Life Financial Inc. (SLF $62.07)
  • $62.07 P/E (TTM): 13.98X Cap: $34.40B
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Q: I hold SLF and MFC for income and a little growth. Do you see the need to also own POW for the same mandate? Can you help explain the significant outperformance with POW this last year compared to SLF and MFC?

Upvote 6

Read Answer Asked by Ian on October 08, 2025

• KKR & Co. Inc. (KKR $90.00)
  • $90.00 P/E (TTM): 38.72X Cap: $80.23B
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• Brookfield Corporation Class A Limited Voting Shares (BN $52.55)
  • $52.55 P/E (TTM): 79.24X Cap: $120.20B
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Q: What would be your general guidelines in investing in private equity and private credit. And/or, if the question exceeds the scope of this plateform or expertise please refer to sites or books that could be of interest.

Thank you for your excellent expertise

Upvote 7

Read Answer Asked by Jean on October 08, 2025

• Bank of Nova Scotia (The) (BNS $93.61)
  • $93.61 P/E (TTM): 23.55X Cap: $116.46B
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• Sun Life Financial Inc. (SLF $85.34)
  • $85.34 P/E (TTM): 13.98X Cap: $47.26B
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Q: Hi Guys
I hold both of these and was going to add to one of them. At this point in time, but looking out 5 years, which stock would you add to? If you could provide a brief rational that would be great too.

Much thanks

Stuart

Upvote 9

Read Answer Asked by Stuart on October 07, 2025

• Royal Bank of Canada (RY $218.50)
  • $218.50 P/E (TTM): 14.77X Cap: $305.14B
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• Toronto-Dominion Bank (The) (TD $126.11)
  • $126.11 P/E (TTM): 10.3X Cap: $210.45B
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• goeasy Ltd. (GSY $35.95)
  • $35.95 P/E (TTM): 2.59X Cap: $577M
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• Propel Holdings Inc. (PRL $17.72)
  • $17.72 P/E (TTM): 9.32X Cap: $697M
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Q: Big banks TD and RY trim and add to GSY and PRL. Is it time to begin ---- wait ----or not at all?

Upvote 12

Read Answer Asked by joe on October 06, 2025

• CME Group Inc. (CME $307.32)
  • $307.32 P/E (TTM): 27.84X Cap: $110.21B
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• Goldman Sachs Group Inc. (The) (GS $813.53)
  • $813.53 P/E (TTM): 15.78X Cap: $241.41B
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• Intercontinental Exchange Inc. (ICE $158.43)
  • $158.43 P/E (TTM): 27.24X Cap: $90.01B
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• JPMorgan Chase & Co. (JPM $286.56)
  • $286.56 P/E (TTM): 14.39X Cap: $772.86B
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• Mastercard Incorporated (MA $496.32)
  • $496.32 P/E (TTM): 29.73X Cap: $442.62B
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• Visa Inc. (V $301.62)
  • $301.62 P/E (TTM): 28.14X Cap: $577.90B
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• Coinbase Global Inc (COIN $197.50)
  • $197.50 P/E (TTM): 45.46X Cap: $53.58B
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• Robinhood Markets Inc. (HOOD $70.89)
  • $70.89 P/E (TTM): 36.35X Cap: $63.82B
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Q: In a recent response to a question, you suggested that US financials were your second highest conviction sector, after tech.


With that in mind, could you please share your top six U.S. financial picks, ranked by conviction? Does BRK.B make the list? I’d appreciate a brief justification either way.

Thank you,

Upvote 11

Read Answer Asked by Karim on October 06, 2025

• Banco Santander S.A. Sponsored ADR (Spain) (SAN $10.53)
  • $10.53 P/E (TTM): 14.3X Cap: $180.81B
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Q: Could you please explain the advantages of owning Banco Santander using these 2 different ways.

Thanks
Mark

Upvote 3

Read Answer Asked by Mark on October 06, 2025

• EQB Inc. (EQB $107.42)
  • $107.42 P/E (TTM): 18.26X Cap: $3.94B
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• Propel Holdings Inc. (PRL $17.72)
  • $17.72 P/E (TTM): 9.32X Cap: $697M
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Q: Hey 5I

Seeing how PRL is in a bit of a spiral for all the reasons you've recently mentioned, I am contemplating selling PRL and buying EQB with a plan to but back into PRL when it turns around. What do you think?

Carl

Upvote 7

Read Answer Asked by Carl on October 06, 2025

• KKR & Co. Inc. (KKR $90.00)
  • $90.00 P/E (TTM): 38.72X Cap: $80.23B
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• Blackstone Inc. (BX $110.43)
  • $110.43 P/E (TTM): 29.24X Cap: $81.95B
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• Carlyle Group Inc (The) - Ordinary Shares (CG $47.13)
  • $47.13 P/E (TTM): 21.87X Cap: $17.02B
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• Ares Management Corporation Class A (ARES $105.87)
  • $105.87 P/E (TTM): 63.15X Cap: $34.88B
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• Brookfield Asset Management Ltd. Class A Limited Voting Shares (BAM $58.97)
  • $58.97 P/E (TTM): 29.25X Cap: $96.60B
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Q: Thoughts on this stock for the next 2 years?

Thnx 5I

Upvote 4

Read Answer Asked by David on October 06, 2025

• The Howard Hughes Corporation (HHH $61.65)
  • $61.65 P/E (TTM): 28.38X Cap: $3.81B
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Q: It seems Bill Ackman is trying to create a Berkshire type holding company, is this correct?
Would you buy this as a long term investment at the current price?

Upvote 5

Read Answer Asked by Schoombee on October 02, 2025

• Propel Holdings Inc. (PRL $17.72)
  • $17.72 P/E (TTM): 9.32X Cap: $697M
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• Klarna Group plc (KLAR $12.61)
  • $12.61 Cap: $8.89B
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Q: Would these two be competitors? Does PRL have a competitive advantage over other financial institutions in their space? How do you see these two companies evolving? Who is the favourite for success 5 - 10 years hence?

Upvote 6

Read Answer Asked by Stephen on October 02, 2025

• Royal Bank of Canada (RY $218.50)
  • $218.50 P/E (TTM): 14.77X Cap: $305.14B
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• Toronto-Dominion Bank (The) (TD $126.11)
  • $126.11 P/E (TTM): 10.3X Cap: $210.45B
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• Bank of Nova Scotia (The) (BNS $93.61)
  • $93.61 P/E (TTM): 23.55X Cap: $116.46B
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• Bank of Montreal (BMO $183.59)
  • $183.59 P/E (TTM): 14.77X Cap: $129.41B
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• Canadian Imperial Bank Of Commerce (CM $129.48)
  • $129.48 P/E (TTM): 13.69X Cap: $119.19B
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Q: If you were an income investor and wanted to invest in each of the 5 big banks, given current valuations and yield, what percentage of the money you have marked for investing in banks would you allocate to each?

Upvote 8

Read Answer Asked by Mark on October 02, 2025

• goeasy Ltd. (GSY $35.95)
  • $35.95 P/E (TTM): 2.59X Cap: $577M
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Q: Goeasy has paid and increased dividends consistently for some 10 years. The payout ratios appear to be very reasonable and the growth has been strong. This seems like an enticing stock to carry in a dividend orientated portfolio. 5i has it in the growth portfolio. Why not in your income portfolio as well?

Just curious, Stephen S

Upvote 8

Read Answer Asked by Stephen on October 02, 2025

• goeasy Ltd. (GSY $35.95)
  • $35.95 P/E (TTM): 2.59X Cap: $577M
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Q: In an earlier question, you said let GSY settle down and it is a buy at $170. Well here we are and is this a screaming buy?
Thanks

Upvote 13

Read Answer Asked by Herm on October 01, 2025

• Propel Holdings Inc. (PRL $17.72)
  • $17.72 P/E (TTM): 9.32X Cap: $697M
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Q: Hi There,

PRL down almost 25% from its July high. What is going on here… Investor concern about bad loans? Are there any serious issues you see at the moment?

Thanks!

Upvote 8

Read Answer Asked by Robert on October 01, 2025

• Royal Bank of Canada (RY $218.50)
  • $218.50 P/E (TTM): 14.77X Cap: $305.14B
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• Royal Bank Of Canada (RY $159.20)
  • $159.20 P/E (TTM): 14.95X Cap: $222.13B
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Q: Hi, I own RY shares in both Cdn and USD, and see that the USD tends to lag the Cdn by a little. Is that due to conversion, or just the RY stock doesn't have as much momentum in the US? Not a big thing, just curious - and I figured you'd have the answer - as you always do! Thanks!
D

Upvote 6

Read Answer Asked by Dawn on October 01, 2025

• Thomson Reuters Corporation (TRI $128.04)
  • $128.04 P/E (TTM): 28.3X Cap: $56.83B
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Q: We definitely bought TRI at the recent high and ever since TRI seems to be falling .5-1% per day. My husband wants to sell and cut our losses. I think TRI must be close to its bottom. Has there been a fundamental change, or has the sentiment change just been over last quarter’s miss? Your thoughts would be appreciated.

Upvote 5

Read Answer Asked by BJody on October 01, 2025

• Pagaya Technologies Ltd. (PGY $10.64)
  • $10.64 P/E (TTM): 11.09X Cap: $904M
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Q: Is there anything besides huge gains this year and therefore an expected volatility behind the slide from 43 to 34?
What is your take on this company TODAY?

Upvote 2

Read Answer Asked by JR on October 01, 2025

• Robinhood Markets Inc. (HOOD $70.89)
  • $70.89 P/E (TTM): 36.35X Cap: $63.82B
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• Galaxy Digital Inc. (GLXY $20.72)
  • $20.72 Cap: $8.09B
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Q: I currently have a 3.5% position in HOOD. I am considering a small position in GLXY - say 1.5% - bringing my total exposure to 5%. Being mindful of crypto's volatility, in your view, is a 5% exposure here too high?

Upvote 8

Read Answer Asked by Maureen on September 30, 2025