Investment Q&A

Q: Good Morning 5i,

Please provide your opinion on CAE Q4.

Thanks!

Q: Hi, what is the short interest in Lightspeed ? Besides good results, do you think that the sharp 38% spike in the share price Thursday, could also have been fueled by short covering ? In your view, is the worst behind the company and is it safe to add to a 2.5% position now ? Thanks

Q: Appreciate u 12 tips today. Too many for me to buy now.Has lots of the big 6 can.banks & Qst (similar to Xbc).Please give me best 5 to buy.Txs for u usual great services & views. FYI China moves to impose HK security law causing drops in Asian markets esp HK( down 4.84% now) as well as US futures(Dow now down 139 after earlier up some 108)

Q: Was there anything in the report or the Conference Call that showed a 20% upside?
Would you know what impressed investors?
Thanks

Q: Is PEO a buy at these levels or still too risky?

Q: Peter, while almost everyone applauds BAM, despite the North American markets having recently done much better, BAM has been going south. Any reason? Your comments? Thanks!

Q: Good Morning team,

Thoughts on the quarter out of lightspeed? Looks ok with rev beat. What caused the eps miss?

Thanks!

Q: I am a happy shareholder of Constellation. Can you please explain how the recent acquisition of the Netherlands company will be beneficial to existing shareholders of CSU. Thank You.

Q: Hi Team:

recent pulled back in the last 7 days, any particular news ? is there an increase in short position in this stock ?
thanks, looking for an entry point

Michael

Q: Between the above two stocks, which one has the potential for more growth in stock value over the next 12 to 24 months, and why.

Thank you,
Ian

Q: Hi Could you please provide earning estimates for Lightspeed. Thanks

Q: I am concerned about Brookfield Asset Mgmt. It has been especially weak versus the recent market recovery. Do you think the company exposure to retail and office property has cast investor sentiment of this name in a negative way .I have owned the name for years and have been worried about its continued leadership in a post Covid environment

Q: Not sure I understand the following line from your April report on GC: "Where we do find some comfort is with
the close ties (and revenue contributions) to governments as well as Brookfield. GC will have access to support, finances, and might even be a go-private candidate. For this reason, we are maintaining our rating at ‘B+’." Not sure of the relationship to Brookfield, or what it means. And do you mean that government revenue is such a priority that casinos would open up sooner? Not sure what going private would mean in terms of price. Would private equity be looking for a "bargain." Also, not sure where GC's revenue mainly comes from: slots, black jack, hotels, poker tables, etc.? I could see slots returning to action with masked players, but have trouble seeing poker players packed around a table, even with masks. Although, I don't believe much revenue comes from poker tournaments; cash games may be a different story. Sorry about this rather confused question. It's just that if I had to pick a company that would be clearly negatively impacted by a Covid-19 shut down, it would be a brick and mortar gaming company, especially one with hotel and entertainment destination sides. Any clarification much appreciated. Thanks

Q: Have you changed your opinion of this company? It wasn't too long ago when 5i was recommending purchasing the company at $39, yet now you are saying that $50 is a long way away. I know that times may have changed, but many of the Tech stocks are hitting all time highs, and with LSPD having enough cash to last 12 years or more, isn't the current price a very good price vs. fair value?

Q: LSPD's business is focussed on small-medium sized retailers, restaurants and the hospitality industry. These are amongst the worst sectors in the economy and may be permanently impaired. Does this not change the investing thesis for LSPD? Is this not a case of sell now and consider buying at a potentially higher price down the road if they can confirm that growth has returned or at least stabilized?

Q: Thoughts on the CSU announcement?

Q: Seems that real is making a big run here. If you had to purchase 1 of these companies for growth moving foward which one would you recommend at this time. Thank you

Q: As a retiree with a balanced portfolio, I hold SIS and wonder if there are better longer term opportunities in this market. I like SIS's demographic market position and strong balance sheet. Covid-19 may entice more seniors to stay at home longer, which could help SIS. But I have concerns. The firm's international growth will challenge their Board and management to deal with greater complexity. They have a new CFO and SIS did not have much to say about the person in their announcement. The CEO owns a large share position, and the company's payout ratio seems high. All in all, I'm wondering if I should move on and sell. What do you think of my assessment? Anything else I should be considering? Thank you.
Edward

Q: Hey 5i,

Easing a position into Boyd. Worth waiting for a pull back for the majority? Or is this a stock that if the easing is successful is going to just continue it's growth? Or would you have another recommendation that's similar.

Thank you as always for the great work.

Q: If you had to put a fair price ( or range ) on the stock today - what would it be? If you want to wait till after the quarter to answer the question that is okay. I don’t trust analysts but I trust you. I am trying to decide at what point I want my average price to be. I have $20,000 in cash to add to my position and the investment now will have very substantial profits in five years which I know the price will be significantly higher than it is now. I am usually NOT in favour of averaging down but I know they will get to the other side intact. Currently my average price is just north of $32, which I thought was good 45 days ago.
Clayton