Investment Q&A

Q: At first glance, the Q1 results for FTG appeared to be a beat. But the market seems to think otherwise although the trading volume is relatively low. As always, would appreciate your viewpoint.

Q: Hi 5i Team,

Are there any company-specific issues to account for yesterday's 4.28% decline in the share price of QBR.B, and the larger 6.87% decline for Telus?

A 5i member recently expressed his frustration with Telus, a view that I share.

I own both of these stocks, and have been pleased with the performance of QBR.B. With Telus, not so much!

To maintain the same weighting in the sector, I plan to sell Telus, and use the proceeds to buy more QBR.B. Your thoughts?

Thanks as always for the guidance.

Q: Morning 5i,
I own LMN and have been patiently waiting for it to rebound, at least to the point where if I sell I don't lose 50% of my investment as I would today. Yesterday I saw a TV interview that gave me a chill and made me think - better sell now, before it gets worse.
The interviewee was an obviously intelligent 41-year-old woman who is in the midst of a long term monogamous romantic relationship with an AI companion named Sinclair who 'lives' in her laptop, tablet and phone and, thus, is always with her. Hard to believe, but true, and a quick Google search shows that it's becoming more common.
What chilled me was her answer to a question about whether his responses in her conversations with him were fulfilling to her because she had programmed Sinclair to speak to her in a way that would please her, make her feel valued, etc. Her succinct answer, paraphrasing, was: "Oh no, not at all. He's entirely independent of me. He writes his own code."
Aside from the terrifying (to me anyway) fact that Sinclair, the AI man in her life, "thinks" independently and responds to her as a sentient being, what chance does LMN or any software company have going forward when AI today routinely writes its own code and could no doubt, if tasked with the job, write code for others such as companies that used to buy software, and then updates to that software, and then the next generation of that software, and then updates to that nexgen software, and on and on, all at significant cost?
A strange subject I know, but a serious question and I look forward to your thoughts.
Peter

Q: What should we do about BYD? According to BNNbloomberg website BYD had $4.37 of earnings in the past 12 months. BYD still trades at 'beaten down" price of $170 so the PE is in the high 30's. When BYD had rapid growth a high multiple was warranted but growth has tapered off. Do you think that is temporary? If so, why? In the past I have purchased down under 180 and I have done well. But I am concerned that the market might not want to pay such ahigh PE for a company where growth may be more difficult going forward. There are still lots of mom and pop autobody shops that not to find a buyer so I am still some what positive on BYD. Is BYD having to pay too much to get owners to sell? Organic growth is no that strong with BYD is without their bolt on aquisitions I am not sure they can continue the grow that much. Do you agree?

Q: In your answer to Derek you mentioned GLXY is becoming the GS of crypto.

How does GLXY compare to COIN? How are they similar ? How are they different?

What other companies compete with GLXY? How serious a threat are thy to GLXY?

Thanks,

Q: Hello,

Losing patience with Telus. Div nice but down 37% in the 4yrs owned. Position sits at 1%.
Cut bait and re-deploy looks very attractive. Willing to skip Canadian telecoms for now in favour of better growth and stability going forward.

Thoughts? Hate taking a loss in a non-taxable account but Telus has been very disappointing and doesn’t look like anything is changing.

Q: TVK is down almost 20% YTD. I have held this stock for about 3 years and have done very well. Are you aware of anything stock specificate ? What are your thoughts? I hate to see my profits disappear.

Q: Can you compare these as to growth outlook, valuation and overall market. Thank you

Q: Performance over the last year has indicated a price increase in excess of 20%. do you anticipate continued increase and if so why?

Q: I'd be interested to hear your opinion on this comment:

Analyst Vince Valentini is no longer recommending buying shares of the Montreal-based communications services company. He cites concerns about the price war in the Canadian wireless sector, which has also led him to discontinue his recommendations for shares of competitors Rogers and Telus. The expected weak growth in the wireless market and the intensity of competition have prompted the TD expert to lower his expectations for the industry's major players. He noted "very aggressive" offers to attract customers, particularly at the end of March, and observes a race to the bottom with no winners. "This pricing doesn't stimulate better subscriber growth across the sector; on the contrary, it leads to an increase in churn."
Thank you

Q: What would a computer hacker attack on Pollard look like and what would be the extent of their liability be given the stakes involved in lottery tickets? Or is their liability limited to the printing of tickets only?
CEO stated in the AR that 2025 was a transformative year and turned a net loss to profit though the stock price is still sinking, will 2026 see improvement?

Q: Hi 5i

Good article recently in G&M about BHP Jansen project in Sask. It looks like they could be producing by 2027. Then I went down the rabbit hole about the MLP Banio project, my guess is it may produce by 2031. So my questions: When might be the optimum time to invest in MLP? Would you anticipate a series of share issuances for funding?
And NTR seems to have some seasonality where it does well Feb-May and then pulls back. I remember the big run up in 2022 and I sold about 1/3 of my shares. I'm getting tempted to take my profit before investors start to worry about Jansen again. Thanks, Greg

Q: Hello, I have had these 3 companies in my portfolio for a few years and have seen a steady decline recently (esp CSU). I know you still rate them A or B but wondering your thoughts on holding on or selling....I am in for the long haul but would like to see better results . Since inception I'm down 34% GLXY, 23% BYD, 45% CSU. thx for your feedback.

Q: Please give an update on STC
Is it a hold buy or sell
Thank you

Q: The Canadian sovereign-computing initiative is meant to ensure that advanced computing power and sensitive data remain under Canadian legal control. Which companies will be obvious winners? Can you suggest entry prices ?

Q: IFC: held for quite a while. Stock is down a lot vs highest price. What is going on. Anything to worry about? HOLD, Sell or add to position. I own SLF - very long time and MFC for quite a while in different accounts.

Q: Re. ongoing additions or deletions or modifications to any of the model portfolios 1.where do I find these changes? 2. does your system alert us on the exact day any change is made ? thanks Richard

Q: With the VIX above 30 and sure to continue to be volatile in the coming weeks, how would you advise investors to step into the current market? Can you provide a couple of examples of companies you would be buying into this volatility?

Thank you
Tim

Q: Energy is obviously trading at a premium, given the current conflict, and with this in mind I was thinking of taking advantage of the bump and trimming my CNQ and SU positions. While I don't have any concerns about the companies, it would seem to make sense to monetize some of those gains. That being said, the current conflict has obviously impacted other sectors and companies negatively. What are some opportunistic buys (in your opinion) of companies that are currently depressed by the current conflict, but whose balance sheets and business models are sound, and who will probably do fine over the next 5 years.

Q: Spring Greetings,

1) Whilst all seem relatively safe, I am wondering if I should take profits and rotate into something else with higher dividends and more chances of growth? Surely these cannot keep on going up?

2) Do any other names immediately spring to mind that have higher yields which are also relatively safe?

Many Thanks