Investment Q&A

• Constellation Software Inc. (CSU $3,936.19)
  • $3,936.19 P/E (TTM): 95.55X Cap: $83.41B
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• Lumine Group Inc. (LMN $37.83)
  • $37.83 P/E (TTM): 152.97X Cap: $10.02B
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Q: I'm retired with a relatively conservative portfolio. Would like to add a bit of risk / reward and have considered LMN, partly because of its link to a very solid CSU. Questions:

How much influence / control does CSU have on this company? Is there a way to describe it or measure it ?

In a long recession scenario, generally speaking would the odds of its survival be better because of its association with CSU compared to other small caps?

It's P/S multiple appears to be around 3.6 X. This seems somewhat reasonable to me compared to some tech stocks in the U.S. Would you agree / disagree ?

Upvote 9

Read Answer Asked by James on January 08, 2024

• Topicus.com Inc. (TOI $140.00)
  • $140.00 P/E (TTM): 66.88X Cap: $11.85B
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• Lumine Group Inc. (LMN $37.83)
  • $37.83 P/E (TTM): 152.97X Cap: $10.02B
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Q: Hello Team,
Would you have a preference between these two stocks, or would you recommend both?
Thank You,
Barry

Upvote 11

Read Answer Asked by Barry on January 08, 2024

• Dye & Durham Limited (DND $6.72)
  • $6.72 Cap: $451M
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Q: Based on you dropping coverage of DND I think it's time to cut my losses and move on as well. Can you please recommend potential replacements? Would DCBO be one or are there others that would be better from a risk/total return perspective over a 5 year time horizon?

Upvote 3

Read Answer Asked by Chris on January 08, 2024

• Constellation Software Inc. (CSU $3,936.19)
  • $3,936.19 P/E (TTM): 95.55X Cap: $83.41B
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Q: Recently, David Friedberg was asked for his prediction for the worse performing asset in 2024. He said he would be short vertical market software (SaaS) and be long cloud providers that have AI tools and platforms that will allow enterprises to build their own custom applications in a low-cost, low code way. If things play out this way, do you feel it could pose a risk to CSU’s business model?

Upvote 5

Read Answer Asked by Kevin on January 08, 2024

• NVIDIA Corporation (NVDA $183.16)
  • $183.16 P/E (TTM): 53.88X Cap: $4.67T
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Q: Good afternoon 5i
I have noticed that recently you have been recommending stocks like Nvdia as having the possibility of short term growth. I have sold call options on Nvidia on a regular basis but wonder if I might be better holding off on this strategy for a time, beause of the possibility of short term growth you mentionned. I do only sell a small portion of my Nvidia for options and keep some in reserve, so I will not completely miss an upside move. But, still we hate to see the stock move well above the strike price. How do you approach a situation like this?
thanks

Upvote 2

Read Answer Asked by joseph on January 08, 2024

• Pinterest Inc. Class A (PINS $30.40)
  • $30.40 P/E (TTM): 11.36X Cap: $21.66B
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Q: PINS was included in a question asked on Jan 1 but could you give an updated answer on PINS specifically? Thanks so much!

Upvote 1

Read Answer Asked by patricia on January 08, 2024

• Constellation Software Inc. (CSU $3,936.19)
  • $3,936.19 P/E (TTM): 95.55X Cap: $83.41B
  • View CSU Profile
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• Lumine Group Inc. (LMN $37.83)
  • $37.83 P/E (TTM): 152.97X Cap: $10.02B
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Q: If you had to choose between CSU and LMN, which would have more growth going forward?

Thank you for your service!

Upvote 12

Read Answer Asked by Ozzie on January 07, 2024

• Lumine Group Inc. (LMN $37.83)
  • $37.83 P/E (TTM): 152.97X Cap: $10.02B
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Q: How much lumine does constellation still own

Upvote 2

Read Answer Asked by Cory on January 06, 2024

• Lumine Group Inc. (LMN $37.83)
  • $37.83 P/E (TTM): 152.97X Cap: $10.02B
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Q: Peter, if you became a fund manager again starting next week, what would be the first stock you would want to buy?

I asked this same question in 2018 so I want see if your answer has changed after 5yrs.

Upvote 32

Read Answer Asked by David on January 06, 2024

• Apple Inc. (AAPL $245.27)
  • $245.27 P/E (TTM): 38.55X Cap: $3.63T
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• Amazon.com Inc. (AMZN $216.37)
  • $216.37 P/E (TTM): 34.72X Cap: $2.30T
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• Microsoft Corporation (MSFT $510.96)
  • $510.96 P/E (TTM): 38.48X Cap: $3.88T
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• NVIDIA Corporation (NVDA $183.16)
  • $183.16 P/E (TTM): 53.88X Cap: $4.67T
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Q: You remarked about Apple that "above average market returns will be difficult to come by in the near-to-medium term." What tech-space alternatives would you suggest, if one wanted to move some money from AAPL to a company with better medium term grown prospects?

Upvote 17

Read Answer Asked by Martin on January 05, 2024

• CGI Inc. Class A Subordinate Voting Shares (GIB.A $124.29)
  • $124.29 P/E (TTM): 16.78X Cap: $27.88B
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• Constellation Software Inc. (CSU $3,936.19)
  • $3,936.19 P/E (TTM): 95.55X Cap: $83.41B
  • View CSU Profile
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• Celestica Inc. (CLS $341.62)
  • $341.62 P/E (TTM): 57.27X Cap: $39.29B
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• Shopify Inc. Class A Subordinate Voting Shares (SHOP $211.39)
  • $211.39 P/E (TTM): 94.38X Cap: $298.69B
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• WELL Health Technologies Corp. (WELL $5.19)
  • $5.19 Cap: $1.31B
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• Topicus.com Inc. (TOI $140.00)
  • $140.00 P/E (TTM): 66.88X Cap: $11.85B
  • View TOI Profile
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• Lumine Group Inc. (LMN $37.83)
  • $37.83 P/E (TTM): 152.97X Cap: $10.02B
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Q: I am interested in buying the following stocks. What would be your 1st to 7th order in buying? Also what would your entry price be for each one.

Upvote 13

Read Answer Asked by James on January 05, 2024

Q: 5I Team,

Happy New Year!

What are your thoughts on Silversun Technologies Inc (SSNT) as a "jockey play" on Brad Jacobs? Any comments on how the RTO of SSNT is structured?

Thanks

Upvote 1

Read Answer Asked by Scott on January 04, 2024

• Topicus.com Inc. (TOI $140.00)
  • $140.00 P/E (TTM): 66.88X Cap: $11.85B
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Q: Hi, I would appreciate if you can provide your thoughts/analysis of TOI with long term outlook.

Upvote 14

Read Answer Asked by Harpinder on January 04, 2024

• BMO Equal Weight Industrials Index ETF (ZIN $46.83)
  • $46.83 Cap: $41M
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• iShares S&P/TSX Capped Information Technology Index ETF (XIT $80.01)
  • $80.01 P/E (TTM): 50.49X Cap: $735M
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• Technology Select Sector SPDR ETF (XLK $278.39)
  • $278.39 P/E (TTM): 39.23X Cap: $92.93B
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• Blockchain Technologies ETF (HBLK $30.00)
  • $30.00 P/E (TTM): 20.82X Cap: $38M
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• Communication Services Select Sector SPDR Fund (XLC $112.80)
  • $112.80 P/E (TTM): 20.51X Cap: $25.76B
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• Horizons Blockchain Technology & Hardware Index ETF (BKCH)
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• TD Global Technology Leaders Index ETF (TEC $52.16)
  • $52.16 P/E (TTM): 0.57X Cap: $3.51B
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• SPDR Dow Jones Industrial Average ETF (DIA $454.87)
  • $454.87 P/E (TTM): 21.61X Cap: $40.20B
  • View DIA Profile
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Q: Please provide your comments on the risk for the above ETFs (low to high) and rank them for potential growth. Are there Canadian equivalents to the US ETFs? Would it be a good idea to purchase the US ETFs in a TFSA? Would these ETFs currently be considered to be a buy, hold or sell?
Thank you

Upvote 3

Read Answer Asked by Don on January 04, 2024

• SPDR S&P Regional Banking ETF (KRE $60.19)
  • $60.19 P/E (TTM): 12.29X Cap: $3.46B
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• Broadridge Financial Solutions Inc. (BR $232.85)
  • $232.85 P/E (TTM): 32.97X Cap: $27.27B
  • View BR Profile
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• ARK Fintech Innovation ETF (ARKF $55.17)
  • $55.17 P/E (TTM): 45.42X Cap: $1.28B
  • View ARKF Profile
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• Coinbase Global Inc (COIN $357.01)
  • $357.01 P/E (TTM): 37.46X Cap: $99.43B
  • View COIN Profile
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Q: All the Best for 2024 Peter and Team and thanks for another year of great service! For some smaller cap financial diversification pls give your thoughts on the above selections and take as many credits as needed; While COIN is the largest component of ARKF it has a unique picks and shovel position if/as Crypto Mania picks up again; ARKF also has a healthy position in SHOP held seperately; KRE & BR will both benefit if/as rates come down and BR appears to have a moat in its services and the chart looks good.

Upvote 3

Read Answer Asked by Paul on January 03, 2024

• Amazon.com Inc. (AMZN $216.37)
  • $216.37 P/E (TTM): 34.72X Cap: $2.30T
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• Shopify Inc. Class A Subordinate Voting Shares (SHOP $211.39)
  • $211.39 P/E (TTM): 94.38X Cap: $298.69B
  • View SHOP Profile
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• Wayfair Inc. Class A (W $74.28)
  • $74.28 Cap: $9.63B
  • View W Profile
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• Lightspeed Commerce Inc. Subordinate Voting Shares (LSPD $15.46)
  • $15.46 Cap: $2.26B
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Q: I’d like to know your opinion on Wayfair (W) please.

Upvote 7

Read Answer Asked by Brian on January 02, 2024

• Lumine Group Inc. (LMN $37.83)
  • $37.83 P/E (TTM): 152.97X Cap: $10.02B
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Q: Hi 5i,
With the recent jump up in stock price for Lumine, would you expect some price consolidation for a while due to the size of the recent acquisition? Or, after this large purchase, are they still able to carry on with business as usual?

Upvote 21

Read Answer Asked by Brian on January 02, 2024

• GitLab Inc. (GTLB $44.61)
  • $44.61 Cap: $7B
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Q: Does GTLB look more interesting now relative to the uncertainty as a new IPO in 2021?

Upvote 1

Read Answer Asked by John on January 02, 2024

• CrowdStrike Holdings Inc. (CRWD $493.66)
  • $493.66 Cap: $127.76B
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• Topicus.com Inc. (TOI $140.00)
  • $140.00 P/E (TTM): 66.88X Cap: $11.85B
  • View TOI Profile
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Q: Can you compare Crowdstrike’s valuation to Topicus for me? I know they are in different sectors but I am thinking about deploying long term money into one or the other.

Upvote 9

Read Answer Asked by Michael on January 02, 2024

• Shopify Inc. Class A Subordinate Voting Shares (SHOP $211.39)
  • $211.39 P/E (TTM): 94.38X Cap: $298.69B
  • View SHOP Profile
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• Galaxy Digital Inc. Class A common stock (GLXY $55.13)
  • $55.13 Cap: $20.74B
  • View GLXY Profile
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Q: Trying to decide which of the two would have better long term upside. If one could only chose one of these for a 10 year hold, what would it be and why?

Upvote 15

Read Answer Asked by Chris on December 29, 2023