Investment Q&A

Q: Hi, Any comments on CCL earnings release, please ? Does any specific comment stand out, like CCL Secure results, this quarter, boosted by a customer's large launch order, not likely to repeat? How do like the guidance for 2018 ? Thanks

Q: I have a thesis for SHOP and wondering if I am way off base. It is currently 5% of my portfolio. SHOP just grew revenues 68% but had a “slow down” in number of merchants added. Could part of the explaination be that SHOP is now aquiring clients with bigger and potentially more mainstream business. LCBO and marijuana comes to mind. Also revenues are growing from long term clients and despite analysts questioning the competitive advantage I do believe they have one. My wife has been a client of SHOP since near their beginning. She continues to pay more each month but says she would never change as they keep adding things that improve her sales and any change would be too time and labor intensive.
I am considering recommending that my daughter start a position in SHOP even at these levels. Or alternatively if I am way off base maybe it is time to trim our position. Thanks for your incredible service.

Q: Can you differentiate between RHT and PHM? They both appear to be in the same type of sector, however, PHM seems to be dead money now. Can you please identify why RHT is a better company between the two?

Q: Hi, can you please comment on the recent quarterly release. Thanks

Q: Hi 5i gang. Would you expect COV to keep rising (at 59% as I type)? Is it still a buy? To be honest, I just bought it not wanting to lose immediate upside.
Thanks for your insight

Q: Is this stock a buy, sell or hold. how much stock do insiders hold?

Q: Whenever analysts talk about PBH (premium brands) or CSU (constellation) they inevitably talk about them being over-valued and due to fall or tread water for a while. You've allowed both to rise to about the 6.5% level in the portfolio (as per the last record on your site) without trimming. Does that mean you disagree with the analysts, or simply don't care about a short term fallback of 10%-20% since you are confident they will eventually regain that and move past it?

Q: Hi, Covalon Technologies just announced a $100 Million Contract in the middle East, any idea on how this will impact their share price increasing? Thanks Kim

Q: Hello,
I would like your opinion on Versa Bank.It seems to meet some of your criteria for an investment grade company. For example, high inside ownership and a new dividend.

Thank you,
Alan

Q: Can you give me your thoughts on Whitecaps earnings? Seems like another not great quarter aside from decent revenue and production growth. Share price is down a couple percent more than its peers today. But I'm more concerned with the long term trend, it has been weak to say the least. At one point I was up about 25% on WCP when oil prices were much lower than they are now. WCP doesn't seem to be participating in the oil price recovery like many of its peers, possibly due to its acquisitions. I understand its a quality company with an okay div that was just increased. But if one wants to play the oil price recovery which is a little risky, don't you want to invest in a company with some torque that will actually benefit rather than take the risk for little reward. CVE for example has done great and also has a div (little smaller). Should I sit tight and wait for better results or lessen my position and add a company that has shown results the last few quarters?

Q: Any additional comments (from earlier this morning) on Kinaxis after listening to their conference call?

Q: Parkland has a history of growth by acquisition and currently seems to be digesting its the purchase of Chevron Canada's downstream assets. Your recent comments note it high debt levels due to acquisitions. But what are your thoughts about future acquisitions by PKI ? When might this take place and what are potential targets ?

Q: I know that you've spoken about GUD perhaps buying Paladin from ENDP (Endo International). Since ENDP's stock price has fallen so much in the last few years, is it possible that GUD would just buy all of ENDP instead of just the Paladin division?

Q: Please comment on earnings, thanks.

Q: Hello 5i team,
In response to a member's question regarding the number of holdings in the BE portfolio, you mentioned that your were hoping to reduce it from 27 to 25...hopefully via possible takeovers; which 2 did you have in mind?
Thanks,
Antoine

Q: Just for my understanding, what is it about SHOP that makes it so appealing? Looking at their financials, their costs have ramped up almost as much as their revenue. Revenue has grown 1600% over 5 years but they still haven't turned a profit. With revenues approaching 1 Billion, in order to achieve a reasonable P/E of say 25 based on today's price, they would need to increase earnings from a loss of 0.53 per share , to a profit of 8.00 (based on FY17), which represents revenue of 743B! I know the math isn't precise, but I think it illustrates my point.

Q: I initially bought a 1.5% position of COV but with the recent decline and me adding cash to other positions, it's now less than 0.7% of my portfolio...
I know you guys are not big fans of averaging down in bad momentum, but in this situation would you recommend doubling my position if I have some extra cash?
Leave it as it is or just sell since it has become such a small position?
Thank you!

Q: Apologies for the dullness of the question.

Can you please list in order of preference your top 5 compelling buys of the BE portfolio? Thx
Karim

Q: can you please comment on $GSY earnings, Thanks Valter

Q: Hi 5i team,
Earlier in April they announced a financing deal and the stock price has been going lower ever since. On April 23 they announced a new dividend of .03 cents which means a DY of about 2%. It's not spectacular, but we like the 'confidence' that a dividend announcement brings, no? How long before the market reacts to this? Specifically, shouldn't some fund managers and institutional players jump onboard soon after, when there is a new dividend announcement for this stock? (and a corresponding uptick in the price). Thx, R.