Investment Q&A

Q: I see an opportunity to be greedy when everyone else is fearful. In June 2021, AcuityAds Holdings sold a total of 5,665,025 common shares at a price of US$10.15 per share, for gross proceeds to the Company of US$57,500,003.75. As of the last quarterly report they still have the proceeds of this public offering sitting unused on their balance sheet. They have just announced a normal course issuer bid to repurchase up to 5,350,000 common shares. ATY closed at US$3.34, more or less unchanged today, after initially popping on news of their share repurchase. To me, this seems like a no-brainer for ATY: sell at US$10.15 and buy at US$3.34. At today's closing price, ATY could repurchase 5.35 million shares for US$17.9 million and still have nearly US$40 million left in the bank from their public offering!! I don't see any fundamental change in ATY's business prospects since June 2021. ATY is currently 1.6% of my holdings and I am wondering why I wouldn't keep buying shares at current prices until it reaches a full weight of 2.5%. What am I missing? Should I be greedy or fearful? I would appreciate your insights.

Q: Thank you for your great service I look at the questions almost every day. My question is about Shopify it looks to me that it has broken some support level. Could this mean the next level of support is back in the march lows of 2020? My technical analysis is not very good so please correct me if I’m wrong.

Q: what , if anything,will trigger a rebound in shop apart from general market conditions. if they buy deliverr is this a good move.

Q: Goeasy is a great buying opportunity under $120 ($119.30 as I write) with a 3% dividend, 7/8 years of dividend increases plus great management, great growth, etc. I'm thinking people are afraid of inflation (I'm 70 so been there) or repositioning funds. Even with a full weight 5% posn I am tempted to add. Your thoughts on going over weight.

Q: Morning 5i,
I know there have been many recent questions on GSY but I'll still ask:
To me GSY is acting very volatile and I wonder if you agree that it's behaving more like a stock that's being traded than a name that's attracting investors? If I'm right in that, do you have any thoughts as to why, and by rights shouldn't a relatively large financial services company be much more stable than GSY is at present. Its current yo-yo behaviour doesn't instill much confidence, in me at least.
Thanks, and I look forward to your thoughts.
Peter

Q: what is expected from CSU this quarter?

Q: Can you comment on Amazon taking another run at SHOP. This one seems more established than the last attempt to replicate. Also throwing it in free for Prime users could be appealing to new business owners. How concerning is this?

https://www.businesswire.com/news/home/20220420006188/en/Amazon-Unveils-Buy-with-Prime-Expanding-Prime-Shopping-Benefits-Beyond-Amazon.com?fbclid=IwAR26gQ4as3YfmQt4ckp1N8POB_C_89ik1d4yYkXikCX9GvGPiFqUscqhClc

Q: What are the expected earnings for the upcoming quarter (Q1 2022).

Q: These 2 darlings are now ugly ducklings. Not long ago,Shop was the biggest company in Canada overtaking perrinnel leader,RY. Recent drastic drop from $2228 H to $658,1year Low.Any reasons for the 14% haircut today besides news that it is in talks to buy startup,Deliverr. Think market does not like this type of acquistion nowadays as it will likely increase its losses & prolong its plan to profitability in this market backdrop.Is this a entry point or more pain to come. Txs for u usual great services & views Is this an entry point for GSY which got hammered today too & trading near 1yr low.

Q: It's time for my annual RRSP contribution; I follow the Balanced Equity Portfolio for my RRSP.

I am currently underweight in AEM, AC, BYD, CAE, CCL, KXS, MG, SHOP, SLF, TOI.

As of today, which three or four of these should I add to?

Thank you!

Q: I notice in your answer to Jacques ISD about what "buy and forget" stocks you would suggest in the US and Canada, conspicuously SHOP is missing from that list.

I detect from the tone on many of your answers you are becoming less and less positive on this name.


So, why was it not on your list to him, and am I right with my observation and if so, why?

Thanks


Sheldon

Q: If not owned would you put a bid in today?

Q: What the heck just happened? April 19.

Q: Hi team,

Do you see Shopify in the same boat at Netflix where they will see subscriber losses and see the stock crushed?

Q: You mentioned "rate declines" in one of your comments on TFII yesterday. What exactly are the rate declines you refer to? Thanks.


5I RESEARCH ANSWER:

TFII is getting hit on rate declines and recession fears, so much depends on an investors' time frame. It may stay weak in the short term. But we think $95 would be quite attractive, and it could get there on some market weakness.

Q: The above stocks are hitting new lows and on every downtown goes lower. I have held these in a riff for some time with still capital gains, however I am loosing patience with the down turn.
Can I have your opinion of 5i if I should continue hold or sell.
How much lower would you expect to see?
Thanks
Rick

Q: Hi Peter, In my case I only have 5 shares of SHOP what's going to happen in this case when they split and when it comes to splits if one is thinking to buy more of the company is it better to buy before or after the split. Thanks, Nick

Q: I am up almost double on CAE, is it a sell or hold as they also had cut the dividend.

Thank You.

Q: You have replaced OTEX with NVEI. I currently own LSPD so would it be better to buy TOI instead of NVEI or would you suggest a different stock?

Thanks

Q: Would you be in favor of averaging down MMX? I am only at a 2.5 % weight so would buy more to bring it up to 3%?

Thanks