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Investment Q&A

Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.

Q: I would appreciate your comments of the latest acquisition, Vend.
“Vend generated revenue of approximately $34 million and GTV3 of more than $7 billion in the trailing twelve month period ending December 31st, 2020. Lightspeed will acquire Vend for total estimated consideration of approximately $350 million, satisfied by way of payment on closing of approximately $192.5 million in cash and the issuance of subordinate voting shares in the capital of Lightspeed valued at approximately $157.5 million. The deal, which is subject to customary closing conditions and post-closing working capital adjustment, is expected to close towards the end of April, subject to the receipt of applicable regulatory approvals.”
As always - many thanks.
Clayton
Read Answer Asked by Clayton on March 12, 2021
Q: One of the "highlights" from Kinaxis' recent quarter was the decline in gross profit. From what I can tell, it seems that R&D spending was significantly higher, in part to augment AI capabilities. Can you shed any light on this decrease in profit and if it was from higher R&D is that not a good use of capital and does that not bode well for the company going forward?

Appreciate your insight.

Paul F.
Read Answer Asked by Paul on March 12, 2021
Q: Hi,
Can you help me to understand why the premium of BIPC is so high over BIP.UN? It increased to more than 40% today, $94 vs $66. On the other hand, the spread between BEPC vs BEP.UN is much narrower, up and down around 10%. Do you expect the the gap between BEPC and BEP.UN to widen? Thanks,
Martin
Read Answer Asked by Martin on March 12, 2021
Q: Hello Peter, Ryan, and Team,

Wondering if you think it's still worth putting some money into the re-opening trade via one of the airlines. I'm considering reducing my position in REAL in order to do so. Although REAL is relatively cheap right now, its price trend is still moving lower. I know you like Southwest Airlines, but Air Canada's share price is nowhere near pre-pandemic levels, while LUV is already there. I have been reluctant to invest in the airlines, as I'm convinced that business travel will never return to the same levels. Many companies have finally realized it's often unnecessary and that cost-effective, technology-based alternatives are preferred. However, I think the pent-up leisure travel demand will likely make up for this on a short-term basis. Can I please have your thoughts?
Thank you.
Brad
Read Answer Asked by Bradley on March 12, 2021
Q: On March 2nd the Globe published a list of all 219 companies in the S&P/TSX composite index grouped by sector and ranked based on their expected price returns (excluding dividend or distribution income), according to Refinitiv data. The closing price is as of March 1 and the expected returns are based on these closing prices. All other data is as of Feb. 28. It included the % yield and the number of Buys, Holds, and Sell recommendations.
Results show 1,710 Buys, 836 Holds, and 125 Sells.

Yesterday they did the same for the Small Caps based on the March 5 close.
Results show 952 Buys, 371 Holds, and 32 Sells.

While not surprised by the results, it does call in to question the objectivity of the recommendations.
Read Answer Asked by Nick on March 12, 2021
Q: Similar question to the one I asked yesterday. This is regarding some small/medium sized consumer and consumer-related type Canadian stocks. How would you feel about holding each of these stocks in your portfolio, on a 1-10 scale, with a 10 being you definitely want the stock in your portfolio, a 1 being a stock you want no part of, and a 5 being a stock you are basically indifferent about. As part of broadly diversified portfolio, looking for total return over the next 5+ years, comfortable with risk. ACQ, AW.UN, DOO, ECN, GOOS, HTL, LNF, MTY, SIS, SVI, ZZZ.
Read Answer Asked by Dan on March 12, 2021
Q: Hi!

I've heard a lot of people suggest that Europe's various stock markets are better value than the U.S. market, but that Europe hasn't implemented nearly enough stimilus to help drive growth the way the U.S. has. Do you think Europe is attractively valued and if so would this be a good time to start building a position in an ETF with a European focus? Can you suggest a couple of potential ETFs for exposure to Western Europe?

Thank you!
Jason
Read Answer Asked by Jason on March 11, 2021
Q: I currently have a new position in GM (entry approx $53), ;
- I also have a new small position in STLA ( entry approx 17.50)
- I'm also looking to add a small position into Ford
Questions are :
-1. Your thoughts on the best of the three.
-2. Would you own or add to 1 , 2 or All of the above, Or None of the above for that matter.
-3. What would be a top, reasonably safe, growth or need to own choice in the Automotive sector going forward in this rapid evolving environment ?

Thank you in advance
Good job to the team, I appreciate your service!
Read Answer Asked by michael on March 11, 2021
Q: Of the above Canadian dividend ETFs, which one do you think has the best diversity and investment strategy for a very long-term hold? CDZ seems to have the highest 3-year return, followed closely by VDY, but the latter ETF seems high on the financial services at 59%; not sure how VDY determines their allocations.
Thanks!
Read Answer Asked by Grant on March 11, 2021
Q: looking at this company I note that the cash position is strong. They are also supposed to be receiving money from the Apple settlement which then would give them roughly $230 million net of debt. this equates to about $2 per share. Seems like there is value here. Can you contribute anything that would poke holes in my thesis that right now might be a good time to buy?
Idle thoughts also have me wondering why Apple wouldn't just buy QTRH to gain access to their other patented technologies. They are already going tp be paying what amounts to about a third of the company value.
Read Answer Asked by Robert on March 11, 2021
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