Investment Q&A

• Amazon.com Inc. (AMZN $207.63)
  • $207.63 P/E (TTM): 30.01X Cap: $2.25T
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• Alphabet Inc. (GOOG $303.81)
  • $303.81 P/E (TTM): 28.62X Cap: $3.72T
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• Intuitive Surgical Inc. (ISRG $480.71)
  • $480.71 P/E (TTM): 61.34X Cap: $169.65B
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• Booking Holdings Inc. (BKNG $4,321.05)
  • $4,321.05 P/E (TTM): 26.74X Cap: $138.77B
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• Constellation Software Inc. (CSU $2,549.45)
  • $2,549.45 P/E (TTM): 78.8X Cap: $54.41B
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• WSP Global Inc. (WSP $218.46)
  • $218.46 P/E (TTM): 30.24X Cap: $29.90B
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• FirstService Corporation (FSV $190.21)
  • $190.21 P/E (TTM): 47.63X Cap: $8.88B
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• Thomson Reuters Corporation (TRI $128.99)
  • $128.99 P/E (TTM): 28.9X Cap: $57.26B
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• Berkshire Hathaway Inc. (BRK.B $480.44)
  • $480.44 P/E (TTM): 0.04X Cap: $1.04T
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• Trane Technologies plc (TT $421.74)
  • $421.74 P/E (TTM): 32.77X Cap: $94.44B
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• Brookfield Corporation Class A Limited Voting Shares (BN $53.07)
  • $53.07 P/E (TTM): 80.1X Cap: $120.55B
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Q: Have some cash to deploy and redeploy. What would be your 10 absolute top conviction picks for long term capital appreciation? Thanks!

Upvote 47

Read Answer Asked by Dale on March 18, 2025

• Quarterhill Inc. (QTRH $1.06)
  • $1.06 Cap: $127M
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Q: Peter and His Wonder Team
They just reported quarterly results with positive comments as they transition. Please give me your assessment of this company going forward. Do you think they are gaining traction...it looks cheap...a buy, hold or sell? Thanks as always!

Upvote 2

Read Answer Asked by Ernest on March 18, 2025

Q: Hello
Can we get your advice on Canadian companies that have the least exposure to a tariff war
It would help us having to re balance
Ie should we reduce stocks in the financial sector
Thanks

Upvote 7

Read Answer Asked by Tim on March 18, 2025

• Knight Therapeutics Inc. (GUD $6.22)
  • $6.22 Cap: $615M
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Q: Hello,
With the recent acquisition of Paladin (after a long wait for Knight to make a larger purchase) , do you see future growth for Knight and would this be a stock for accumulating at 5 percent position? Much appreciate it.

Upvote 3

Read Answer Asked by umedali on March 18, 2025

• Hammond Power Solutions Inc. Class A Subordinate Voting Shares (HPS.A $173.99)
  • $173.99 P/E (TTM): 28.12X Cap: $2.20B
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Q: Is there a material reason for the drop in share price or is it just market sentiment brought on by the question of tariffs ? Thanks

Upvote 4

Read Answer Asked by Steven on March 18, 2025

• iShares Core Canadian Short Term Bond Index ETF (XSB $26.85)
  • $26.85 P/E (TTM): 45.21X Cap: $3.82B
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• iShares Core Canadian Universe Bond Index ETF (XBB $28.01)
  • $28.01 P/E (TTM): 31.38X Cap: $9.93B
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• iShares Core Canadian Long Term Bond Index ETF (XLB $18.44)
  • $18.44 P/E (TTM): 5.13X Cap: $810M
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• iShares U.S. High Yield Bond Index ETF (CAD-Hedged) (XHY $16.34)
  • $16.34 P/E (TTM): 20.4X Cap: $1.06B
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Q: For long term investment what would be a neutral proportion of bonds in terms of distribution among these 4 or are there better options? Currently sitting on 17% cash which I intend to redeploy in stocks when we have better clarity, 36% XBB, 26% XLB, 12% XHY and 9$ XSB for 100% of my bond/cash portfolio.
Thank you.
Yves

Upvote 5

Read Answer Asked by Yves on March 18, 2025

• CGI Inc. Class A Subordinate Voting Shares (GIB.A $99.07)
  • $99.07 P/E (TTM): 13.2X Cap: $21.10B
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• Constellation Software Inc. (CSU $2,549.45)
  • $2,549.45 P/E (TTM): 78.8X Cap: $54.41B
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• Topicus.com Inc. (TOI $96.83)
  • $96.83 P/E (TTM): 308.43X Cap: $12.58B
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Q: For those that have a smaller portfolio and where that translates to even 1 share of CSU making up a huge percentage of the portfolio, what CDN tech stock(s) would you recommend in its place? TOI? GIB? Other?

Upvote 11

Read Answer Asked by Gregory on March 18, 2025

• RTX Corporation (RTX $198.20)
  • $198.20 P/E (TTM): 40.99X Cap: $275.33B
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Q: Hi I’ve held RTX for awhile and it’s doing well. I’m thinking of adding in my diversified portfolio. Would you say its a buy right now especially considering its Rolls Royce business which do very well in Europe.?

Ok thanks.

Upvote 6

Read Answer Asked by Robert on March 18, 2025

• Global X Defense Tech ETF (SHLD $74.70)
  • $74.70 P/E (TTM): 39.83X Cap: $8.24B
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• Select STOXX Europe Aerospace & Defense ETF (EUAD $42.30)
  • $42.30 P/E (TTM): 211.93X Cap: $1.39B
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Q: I've recently sold partial positions of NA companies and am interested in shifting some funds to the EU, specifically the industrial/defense sector. Would you please comment on the above symbols and any other suggestions. And please...everyone...buy Canadian.

Upvote 2

Read Answer Asked by Rob on March 18, 2025

• Vanguard FTSE Developed Europe All Cap Index ETF (VE $43.46)
  • $43.46 P/E (TTM): 17.19X Cap: $596M
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• iShares MSCI Germany ETF (EWG $39.29)
  • $39.29 P/E (TTM): 70.48X Cap: $1.58B
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Q: Peter; Yesterday you mentioned a European ETF( VE) . Can you tell me how much of it is invested in Germany -and is there a German ETF that covers their main big cap companies?
Thanks,
Rod

Upvote 4

Read Answer Asked by Rodney on March 18, 2025

• Invesco CurrencyShares Euro Trust (FXE $106.25)
  • $106.25 Cap: $462M
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Q: What do you think about bringing back US dollars to CDN dollars? I would like to diversify the currency portion of my portfolio, is there any other choice ? And for my third question how would I use Norberts Gambit to exchange those US dollars to Canadian dollars ?

Upvote 2

Read Answer Asked by Jean on March 18, 2025

• Tesla Inc. (TSLA $381.56)
  • $381.56 P/E (TTM): 369.69X Cap: $1.47T
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Q: Hi,

Just curious, KoyFin is showing Tesla sales forecasts growing by 13.2% in 2025, 19.5% in 2026 and 17.24% in 2027. Earnings forecasts are growing by 13.09%, 33.05% and 26.71% respectively.

I would think at least the 2025 numbers are materially wrong at this point.

When does the reality of plunging global sales get reflected in these forecasts?

Thanks very much,
Michael

Upvote 3

Read Answer Asked by Michael on March 18, 2025

• Chartwell Retirement Residences (CSH.UN $20.41)
  • $20.41 P/E (TTM): 106.0X Cap: $6.64B
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• CT Real Estate Investment Trust (CRT.UN $16.55)
  • $16.55 P/E (TTM): 48.49X Cap: $3.98B
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Q: For an in come investor investor your thoughts on a switch from Chartwell to CT Real Estate to get a bump in the yield
. Thank you

Upvote 6

Read Answer Asked by Reg on March 18, 2025

• BCE Inc. (BCE $35.48)
  • $35.48 P/E (TTM): 5.35X Cap: $32.99B
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• Brookfield Corporation Class A Limited Voting Shares (BN $53.07)
  • $53.07 P/E (TTM): 80.1X Cap: $120.55B
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Q: I have 3% position in BCE down 30% nonregistered account. I am thinking of selling and buying BN for long term. Can I have your thoughts?

Upvote 7

Read Answer Asked by Robert on March 18, 2025

• iShares China Large-Cap ETF (FXI $36.07)
  • $36.07 P/E (TTM): 46.48X Cap: $6.03B
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Q: Hi, I enquired earlier about the double whammy of withholding taxes on some Chinese etf like FXI. Are there any CHINA broad etfs that don't have to pay this double tax?

If not, are there any other options? Are there CDN etfs that dont pay the double tax?

Upvote 4

Read Answer Asked by Graeme on March 17, 2025

• SentinelOne Inc. Class A (S $14.48)
  • $14.48 Cap: $4.88B
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Q: What are your thoughts on Sentinel One after the earnings. Do you consider as buy now


Thanks for the great service

Upvote 1

Read Answer Asked by Hector on March 17, 2025

Q: A follow up to my recent question on buffer ETFs. You referred me to the CIBC website on CDRs. I am sure this was not your intended answer. Thank you

Upvote 2

Read Answer Asked by Richard on March 17, 2025

Q: How important/accurate is the Atlanta Fed's GDP Now forecast. As you know it has turned negative for the last two readings. What does this suggest for the US economy? Please feel free to wait for the March 17th reading if that might affect your answer. Thank-you.

Upvote 3

Read Answer Asked by Alex on March 17, 2025

• Invesco CurrencyShares Swiss Franc Trust (FXF $111.50)
  • $111.50 Cap: $541M
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• Invesco CurrencyShares Euro Trust (FXE $106.25)
  • $106.25 Cap: $462M
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Q: I am holding some cash on the sides. I was wondering if there was a way to put some of it into an ETF, perhaps a money market fund that holds foreign (non US) currency. Either a basket of stable currencies or something like the Euro or Swiss Franc. The idea is risk avoidance against a sudden sharp drop in the CDN dollar (and perhaps US$ too) given the current situation. I already hold several ETFs that hold Euro stocks but would like lower risk.

Upvote 1

Read Answer Asked by John on March 17, 2025

• iShares S&P/TSX 60 Index ETF (XIU $46.94)
  • $46.94 P/E (TTM): 18.08X Cap: $20.40B
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• Vanguard FTSE Developed All Cap ex North America Index ETF (VIU $43.80)
  • $43.80 P/E (TTM): 1.18X Cap: $8.96B
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• Vanguard FTSE Developed Europe All Cap Index ETF (VE $43.46)
  • $43.46 P/E (TTM): 17.19X Cap: $596M
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• Vanguard FTSE Emerging Markets All Cap Index ETF (VEE $44.27)
  • $44.27 P/E (TTM): 6.04X Cap: $3.61B
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Q: Could you please tell me your top suggestions for low cost diversified index funds in non US markets?

Upvote 5

Read Answer Asked by Judith on March 17, 2025