Investment Q&A

Q: Canadian Tire had a big miss this quarter. Is this a one off, or a sign of longer term issues. Would you hold or move on?

Thanks, Marie

Q: Good morning,
What are your views on Osisko mining?

Thanks,
George

Q: May you please comment on earnings?
How does this affect your thesis. Do you remain bullish on the stock?
Thank you

Q: In a recent answer you said 10% would be your max weight for nvda. If you were now at 10% would you trim prior to earnings on Feb 21? Taxes not an issue. Thanks.

Q: What is your view on the change in leadership at Lightspeed and why the interim appointment of Dasilva? Thanks.

Q: Thank you for the comprehensive response to my recent question regarding preferred shares. In your response you stated: "preferred shares tend to fall as interest rates move up". Should I interpret this to mean that the current high interest environment is favourable for buying preferreds since once interest rates drop the price of preferreds will increase (and so yield decrease)?

Q: These four companies are all AI-predominant companies, all are growing revenues at about 20% per year or so, have similar market caps, and are coming into profitability for the first time either last year or next.
My question is a difficult one: is there any way to tell what operating margins might eventually be for each of these companies say in 3-4 years? Do you know any way to get this projection? And how these may be ranked for eventual margins if so? Thanks.

Q: Hi,

When you say LSPD is trading at a premium valuation, what parameters are you refering to ? What in your mind would be a more reasonable price ?

Thanks

Q: hi,
this is less company specific, but I do own a small amount of AEM, which has gone nowhere, even with very high gold prices for some time now. I see today comments in question section of ABX as one doing better than others, but it is a cash disappearing machine, and trades well below levels 24 years ago. Monk used it as his own printing press, and pilfered for years to build insane things for his own personal benefit, including a ridiculously gaudy marina for his wealthy cabal in Montenegro. is there any rational reason you believe anyone should own these suspect outfits owned/run by ie "gold/precious metals miners" ) ? if you were to be interested in having exposure to precious metals what would you recommend ie a miner? physical gold? ETF?
has not cryptocurrency taken over this hedge on the world collapsing ( which there are of course many signs of, daily ). appreciate your thoughts
cheers

Q: I've been monitoring questions on NTR for some time, and you've been fairly consistent about $65 being a level to buy. This afternoon NTR hit $64.89 and bounced up very quickly to $66.
I wanted to ask -- how did you "guess" that? Was it based on technical analysis? Some type of valuation ratio? Or just a guess? I realize this is only intraday, that you can't always predict the bottom and that it go lower tomorrow, but was wondering how you pick prices to buy in.

Q: I was wondering if you could clarify some terminology. When balancing a portfolio you talk about the industry you have for example Consumer Cyclical, and Consumer Defensive. Yet when reading up on stocks listed these 2 terms are not used. Terms often used are consumer discretionary, consumer non cyclical and consumer staples.
Does Consumer Cyclical = Consumer Discretionary
Consumer Defensive = Consumer Non Cyclical and Consumer Staples
Thank you

Q: Looks like an impressive quarter, any insights would be appreciated.

Q: I've been looking at both of these companies but can only add one. BLDR seems to have a better performance looking backwards but you seem to like AXON better looking forwards. Can you tell me which one you like better and why, thanks.

Q: Hi Peter?Ryan, do you think this could be a takeover target, or would it just file for bankruptcy. Is it worth it to them to stay alive. Thanks, Nick

Q: on sept 5 you upgraded ATS to Bplus since that time the shares have dropped over 16 percent 1. what has caused the drop 2. would you buy at todays price 3. what 3 current metrics do you use to value ATS and how do they compare to ATS.s historical 3 year metrics thanks Richard

Q: I’m trimming Nvidia and Apple because they’re overweight and would like to choose either TSM or AMD to add to my portfolio.
Thoughts?

Q: If this is too broad a question, please feel free to decline. If you were to start from scratch today, with a goal of maximizing total return at 10 years regardless of income/growth/dividends/distributions etc., which stocks would be on your list?

Q: If you had $27,000 in a Canadian rrsp and currently no holdings, what are the top 5 holdings you would buy? What do you think would be a decent purchase price? Would you jump in or stagger the purchases?

Q: If you had $31,000 in a new US rrsp, what 5 holdings would you buy? What would be a decent price for the holdings?

Q: On Jan. 22 you wrote, "The 12-month payout ratio is 28%, and PEY is in good financial shape." On Feb. 14 you wrote, "BUT...its nine-month 2023 payout ratio was 101%. Its balance sheet is OK."

I am confused by these seemingly contradictory statements. Can you please clarify regarding the payout ratio and the health of the balance sheet?

It seems as if I am a bit of a sucker for high yields and have been burned by Birchcliff in 2023 (though still a holder), and do not want to suffer the same fate with my recent purchase of Peyto.

Thank you as always for your expertise.