Investment Q&A

• Sun Life Financial Inc. (SLF $81.12)
  • $81.12 P/E (TTM): 20.14X Cap: $45.21B
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• Fortis Inc. (FTS $70.68)
  • $70.68 P/E (TTM): 20.38X Cap: $35.72B
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• Tourmaline Oil Corp. (TOU $65.50)
  • $65.50 P/E (TTM): 18.38X Cap: $24.83B
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• Capital Power Corporation (CPX $62.35)
  • $62.35 P/E (TTM): 21.81X Cap: $9.70B
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• TMX Group Limited (X $51.27)
  • $51.27 P/E (TTM): 30.95X Cap: $14.26B
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• Fiera Capital Corporation Class A Subordinate Voting Shares (FSZ $5.96)
  • $5.96 P/E (TTM): 24.0X Cap: $635M
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• Brookfield Infrastructure Partners L.P. (BIP.UN $49.22)
  • $49.22 P/E (TTM): 54.97X Cap: $22.70B
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• BMO Covered Call Utilities ETF (ZWU $11.14)
  • $11.14 P/E (TTM): 18.74X Cap: $1.93B
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• Killam Apartment Real Estate Investment Trust (KMP.UN $16.24)
  • $16.24 P/E (TTM): 4.32X Cap: $2.02B
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• Hamilton Enhanced Canadian Covered Call ETF (HDIV $20.77)
  • $20.77 P/E (TTM): 17.49X Cap: $1.01B
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• Hamilton Canadian Financials YIELD MAXIMIZER TM ETF (HMAX $16.06)
  • $16.06 P/E (TTM): 9.31X Cap: $1.76B
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Q: I’m a62 year old retired investor with an excellent DB Pension and I’m working on a supplemental cash flow with my TFSAs,I have held the above stocks for about 4 years all roughly 10-12K in value and have been set up as DRIPs
My question is could you recommend another 8-10 Cdn dividend stocks($ 100K of room) I would add to this account coming from another TFSA,these could possibly have 4-6 % capitol growth and 4-6% dividend yield and in 3 years I would go from a DRIP to monthly or quarterly cash payments,I am medium risk and the sectors would not matter ….Thanks Greg

Upvote 5

Read Answer Asked by Greg on December 04, 2025

• Fiera Capital Corporation Class A Subordinate Voting Shares (FSZ $5.96)
  • $5.96 P/E (TTM): 24.0X Cap: $635M
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Q: Could I please have your thoughts on the recent quarter?I think I know your thoughts on the company but maybe you guys see some positives.
Thx

Upvote 3

Read Answer Asked by blake on December 01, 2025

• Illumina Inc. (ILMN $128.96)
  • $128.96 P/E (TTM): 29.5X Cap: $19.70B
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• Pfizer Inc. (PFE $26.03)
  • $26.03 P/E (TTM): 13.67X Cap: $147.99B
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• BCE Inc. (BCE $32.59)
  • $32.59 P/E (TTM): 4.87X Cap: $30.39B
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• Fiera Capital Corporation Class A Subordinate Voting Shares (FSZ $5.96)
  • $5.96 P/E (TTM): 24.0X Cap: $635M
  • View FSZ Profile
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Q: Greetings 5i team, I need to harvest some tax losses and these 4 stocks are my candidates, my question is regarding buy back strategy. (1) I intend to buy back PFE but in my RIF vs CASH account; (2) I intend to buy back both ILMN and BCE; (3) not planning to buy back FSZ; (4) not planning to use proxies for any. Does this make sense or would you do it differently? Thank you.

Upvote 4

Read Answer Asked by Barbara on September 05, 2025

• Fiera Capital Corporation Class A Subordinate Voting Shares (FSZ $5.96)
  • $5.96 P/E (TTM): 24.0X Cap: $635M
  • View FSZ Profile
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Q: With Guardian Capital being bought by Desjardins what might be FSZ fate. I still hold this from the days it was a part of the Income portfolio. Worth hoping for a similar fate.

Thx

Upvote 3

Read Answer Asked by blake on September 03, 2025

• Fiera Capital Corporation Class A Subordinate Voting Shares (FSZ $5.96)
  • $5.96 P/E (TTM): 24.0X Cap: $635M
  • View FSZ Profile
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Q: Could I get your thoughts on FSZ latest quarter? Looks like the company is cutting cost and a nice beat on earnings this quarter.

Upvote 4

Read Answer Asked by blake on August 13, 2025

• Fiera Capital Corporation Class A Subordinate Voting Shares (FSZ $5.96)
  • $5.96 P/E (TTM): 24.0X Cap: $635M
  • View FSZ Profile
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Q: I have done well with this stock in the last 2 years,even after cutting the dividend by 50 % it still pays 7.2%,for me it’s a great income stock I don’t think I have to worry too much about,your thoughts on the company specifically the dividend and the payout ratio and is it a possible target for acquisition
Thanks

Upvote 3

Read Answer Asked by Greg on June 27, 2025

• Fiera Capital Corporation Class A Subordinate Voting Shares (FSZ $5.96)
  • $5.96 P/E (TTM): 24.0X Cap: $635M
  • View FSZ Profile
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Q: Would like your opinion on the new debenture issue -is this a reasonable risk
for fixed income (5% max) or is the rate a red flag? How is the debt /cash flow ?

Upvote 3

Read Answer Asked by Scott on May 15, 2025

• Fiera Capital Corporation Class A Subordinate Voting Shares (FSZ $5.96)
  • $5.96 P/E (TTM): 24.0X Cap: $635M
  • View FSZ Profile
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Q: Please update you opinion on Fierra. I Have held it since 2020. I am underwater if you look at the share price alone. However, with the dividend my return on investment is positive. The last and the latest reports are not good. Do you see anything that might change this slide? Or should I jump ship now?

Upvote 5

Read Answer Asked by Douglas on May 12, 2025

• Fiera Capital Corporation Class A Subordinate Voting Shares (FSZ $5.96)
  • $5.96 P/E (TTM): 24.0X Cap: $635M
  • View FSZ Profile
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  • View Reports on FSZ

Q: Your thoughts regarding last report and going forward. Thanks.

Upvote 4

Read Answer Asked by Raymond on February 27, 2025

• Fiera Capital Corporation Class A Subordinate Voting Shares (FSZ $5.96)
  • $5.96 P/E (TTM): 24.0X Cap: $635M
  • View FSZ Profile
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Q: Is FSZ a buy for income investors at this level?

Thank you!

Upvote 4

Read Answer Asked by Jim on January 13, 2025

• Fiera Capital Corporation Class A Subordinate Voting Shares (FSZ $5.96)
  • $5.96 P/E (TTM): 24.0X Cap: $635M
  • View FSZ Profile
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Q: If FSZ were to get bought out with metrics similar to CIX what might that look like to a price of the stock?

Thx

Upvote 2

Read Answer Asked by blake on December 09, 2024

• Fiera Capital Corporation Class A Subordinate Voting Shares (FSZ $5.96)
  • $5.96 P/E (TTM): 24.0X Cap: $635M
  • View FSZ Profile
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Q: Hello 5i Team: As a long time holder of Fiera wondering if outflows of assets will continue and how the recent 4 billion will affect bottom line.Is the 10% draw down warrented? Thanks Mike

Upvote 3

Read Answer Asked by michael on November 11, 2024

• Fiera Capital Corporation Class A Subordinate Voting Shares (FSZ $5.96)
  • $5.96 P/E (TTM): 24.0X Cap: $635M
  • View FSZ Profile
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Q: Your thoughts please on the quarter?

Thx

Upvote 3

Read Answer Asked by blake on November 08, 2024

• Fiera Capital Corporation Class A Subordinate Voting Shares (FSZ $5.96)
  • $5.96 P/E (TTM): 24.0X Cap: $635M
  • View FSZ Profile
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  • View Reports on FSZ
• Propel Holdings Inc. (PRL $25.94)
  • $25.94 P/E (TTM): 12.09X Cap: $1.02B
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Q: Both FSZ and PRL are hitting new 52 week highs. Which do you prefer for total return in the next year.

Thanks!

Jim

Upvote 6

Read Answer Asked by Jim on November 07, 2024

• Fiera Capital Corporation Class A Subordinate Voting Shares (FSZ $5.96)
  • $5.96 P/E (TTM): 24.0X Cap: $635M
  • View FSZ Profile
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  • View Reports on FSZ

Q: Cash flow this time last year was 52 million and is now 162 million according to 5i. Dividends account for 90 million. What position size would you be comfortable with ?

Thx

Upvote 3

Read Answer Asked by blake on October 18, 2024

• Fiera Capital Corporation Class A Subordinate Voting Shares (FSZ $5.96)
  • $5.96 P/E (TTM): 24.0X Cap: $635M
  • View FSZ Profile
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  • View Reports on FSZ

Q: Would you still think that FSZ should cut their dividend? Is the dividend covered by cashflow presently?

Thx

Upvote 2

Read Answer Asked by blake on October 09, 2024

• Fiera Capital Corporation Class A Subordinate Voting Shares (FSZ $5.96)
  • $5.96 P/E (TTM): 24.0X Cap: $635M
  • View FSZ Profile
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  • View Reports on FSZ

Q: Has anything changed fundamentally at FSZ. The stockis up 120% (with divvys) from the Oct. lows of last year?

Thx

Upvote 3

Read Answer Asked by blake on October 07, 2024

• Fiera Capital Corporation Class A Subordinate Voting Shares (FSZ $5.96)
  • $5.96 P/E (TTM): 24.0X Cap: $635M
  • View FSZ Profile
  • View Questions on FSZ
  • View Reports on FSZ

Q: I enquired about FSZ operating free cash flow and you mentioned adjustments made by Bloomberg to lower the OCF. Any ideas what those adjustments might be?

Thx

Upvote 2

Read Answer Asked by blake on August 22, 2024

• Fiera Capital Corporation Class A Subordinate Voting Shares (FSZ $5.96)
  • $5.96 P/E (TTM): 24.0X Cap: $635M
  • View FSZ Profile
  • View Questions on FSZ
  • View Reports on FSZ

Q: The operating cash flow for FSZ for 2023 was 137.97 million and for 2022 the operating cash flow was 113.31million. This info comes from Yahoo Finance and from Microsoft Finance. The divvy payment is 92.1 million. Are these numbers the same as yours from Bloomberg?

Thx Blake

Upvote 2

Read Answer Asked by blake on August 20, 2024

• Fiera Capital Corporation Class A Subordinate Voting Shares (FSZ $5.96)
  • $5.96 P/E (TTM): 24.0X Cap: $635M
  • View FSZ Profile
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Q: Hello,

Any reason for the drop in FSZ today? Thanks

Dave

Upvote 2

Read Answer Asked by David on July 29, 2024