Investment Q&A

Q: Hi 5i, I own BUG (not in your database) since about its low in 2023 . In 2025, it has underperformed ETFs like CIBR, HACK. IHAK did not do very well either.

First question: Why the discrepancies between these ETFs performance, BUG in particular? Some bad holdings?

Second question: Is it worth to have this kind of niche ETFs if we have broader ETFs like QQQ?

Third question: I could Sell BUG for a small profit, or Hold for a bit hoping a better price, or switch to a more expensive ETF (my last choice). Your pick?

Have a good weekend.

Q: Can you comment on their earnings release and how do you see their prospects? Would you consider it a buy/sell/hold? Thanks

Q: This is a company that you recommended back in 2024 and it has seen a sharp decline in their share price over the past 18 months. Do you see the current price as an entry point for a new position? In general, is this a stock you'd recommend or avoid?

Q: I’ve spent 30 years as an business owner in the irrigation sector, navigating four major tech shifts: mechanical dials, digital screens, cloud software, and now AI.
While financial models capture the numbers, they often miss the qualitative reality of running a business on the ground. In my experience, customers don't buy "code"—they buy reliability. Every time technology shifted, I never lost a customer. They didn't run to a startup; they called the partner they already trusted for the upgrade.
Why this benefits Constellation Software ($CSU):
• New Revenue Streams: In my business, every shift allowed me to sell new "value-add" services—from remote monitoring to predictive maintenance. CSU is doing the same. AI isn't a replacement; it's a premium feature they can upsell to a locked-in audience.
• Embedded Infrastructure: Like irrigation pipes in the ground, CSU’s software is mission-critical and expensive to replace. It’s a "Digital Utility."
• The Survival Filter: 50% of new companies go bankrupt in their first 5 years. A business owner won't gamble their operations on a "shiny" AI tool from a company that might not exist in 24 months.
• Margin Expansion: AI is a low-cost maintenance tool for incumbents. It allows CSU to support legacy systems at a fraction of the previous cost, turning a "cost center" into a "profit center."
I see a company that owns the "wall" (the relationship), while others worry about the "box" (the code). Does my reasoning—that tech shifts actually strengthen the incumbent by creating new revenue—make sense from your perspective?

Q: Currently I do not own either of MDA or TSAT.

If I bought both would that be an overlap of similarity?

If yes which on would you choose with highest growth potential over the next 5 years?

Thanks

Sheldon

Q: From Michael Burry.

Palantir’s accounts receivable (AR) is first up. The traditional metric for AR is Days Sales Outstanding (DSO), with higher DSO implying customers are taking their time to pay for Palantir’s services for one reason or another.

In 9 of the last 12 quarters, AR grew faster than revenue – a persistent pattern generally attached to nefarious tricks such as channel stuffing, aggressive revenue recognition, or extended payment terms used as sales concessions. For real subscription businesses, AR growth should track revenue growth closely. When AR is volatile or outgrows revenue, it means the company is booking sales faster than it is collecting cash.

Reason to sell or not, how big a deal is it?

Thank you.

Q: I must be missing something re MU. It is trading aa bit over 10x next years earnings, unless my sources are wrong. My question is why? They are building two new huge production facitilites in Boise, one in Japan and one in New York, because the supply can't keep up with demand. Their margins have increased from around 15% 18 months ago to 55% now, and they are projecting 66% in Q1.

I know they have two major (successful) competitors, but the demand is so strong, and the backlogs so long, I just don't see any major risk for at least the next 12-18 months. Am I wrong? So why is the PE so low?

Q: Hi 5i,

Would appreciate your thoughts on AMD moving forward.

I have held the stock for over 3 years and have done well but considering selling for other opportunities in the market at the moment.

Do you believe AMD has the potential to eventually catch up to Nvidia over the next few years? Can it keep capturing market share from intel?

Thank you,

Greg C.

Q: I’d appreciate your advice regarding my Constellation Software holdings. I currently hold shares in my RRIF with an average cost $3,800 and in my TFSA $4,300.

Given the recent news, market sentiment, and the recent price movement, would you recommend averaging down at current levels, holding as is, or waiting for more clarity?

I’m focused primarily on long-term growth but want to be mindful of concentration risk and overall portfolio balance.

Thanks very much for your guidance.
Rick

Q: Hello, can you comment on Palo Alto’s latest earnings report and guidance? Is the price drop (Wed morning) overdone? Thanks

Q: What do you think about the risk investing in Mercado Libre. It has a very strong growth profile, with forecasted revenue and EPS GAGR of 30% for the next 3 years. It operates in South America, a region with unsure stability. If one of the countries it operates in has a major macroeconomic downturn (political or economic), then this can deeply affect the company. However, it's growth rate and potentially very high is compelling.

Q: Hello Peter and 5i Team,

Can you please comment on GRMN earnings ? Is there anything else attributing to the share price spike today that you can see?

Thanks,
Dave

Q: Is now the time to add to this stock. I am down 20% since my
last purchase.

Q: As a part of the Constellation Software (VMS Ventures) portfolio, is Raia AI looking primarily to build a standalone platform for external customers, or is its main goal to act as the internal 'AI engine' that automates operations for all of Constellation’s 1,000+ niche software companies?

Q: Hi,
TS has sent out a notice of a class action settlement of 11 million, less around 3 million in legal fees, etc. You need to have invested in the shares between Mar 7, 2019 and Nov 3, 2021 and put in your claim by Mar 4th, 2026. I'm aware that often these claims are reduced to small amounts per client once all the dust settles, so I'm wondering if you've any idea how many potential claims could be expected based on the volume of shares sold at the time? Ditto for SNAP, which covers share holders from Feb 5, 2021 to Oct 21, 2021 who can claim by May 6, 2026. Any thoughts on either tickers are most welcome! Thank you for always having the answers we seek!
D

Q: in my grandsons acc i have lmn it is down 41% should i switch it for csu at this time

Q: https://www.nextbigfuture.com/2026/02/ai-demand-and-profits-are-better.html

This comment is to replace the two I sent yesterday. Please delete them.

I wanted to rewrite to say that these charts and video from A16z (venture investors Andressen Horowitz) are a very interesting look at what is happening with Ai. The video goes through the charts with commentary which I think is good.

Thank You
Peter

Q: Will you please let your members know if you see any significant insider buys from the Csu family as this could be the bell ringer for the bottom? What is a good site to track insider moves?

Thx

Q: Could i have your thoughts on this cloud provider- chart looks good - i understand sales are ramping in their AI division

Q: I see you've dropped KSI from the growth portfolio. What's your opinion on the stock if held in a registered portfolio where there is not benefit from a capital loss? Is it worth holding in that context? Thanks.