Investment Q&A

• Canopy Growth Corporation (WEED $2.02)
  • $2.02 Cap: $537M
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• Hut 8 Corp. (HUT $35.15)
  • $35.15 Cap: $3.70B
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• Brookfield Asset Management Inc Class A Limited (BAM $58.27)
  • $58.27 P/E (TTM): 39.89X Cap: $95.18B
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Q: Hello Peter,
When Brookfield first indicated that they were going to spin off the asset management unit, the stock popped alot, but then subsided. Now, the spinoff is more certain as opposed to just mentioning it, why is the stock not behaving as it did when the first announcement was made? Please provide your view. Given USA is still delaying its legalization of marijuana, I was deciding on Weed or Hut mining given both are volatile. What would make sense ? Thanks very much

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Read Answer Asked by umedali on August 19, 2022

• CAE Inc. (CAE $36.86)
  • $36.86 P/E (TTM): 28.55X Cap: $11.81B
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Q: what do you think about starting a part position in CAE at todays price?

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Read Answer Asked by joe on August 19, 2022

• Costco Wholesale Corporation (COST $963.48)
  • $963.48 P/E (TTM): 55.48X Cap: $427.28B
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• Suncor Energy Inc. (SU $55.40)
  • $55.40 P/E (TTM): 12.04X Cap: $67.44B
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• Dollarama Inc. (DOL $188.43)
  • $188.43 P/E (TTM): 41.3X Cap: $52.07B
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• Superior Plus Corp. (SPB $7.52)
  • $7.52 P/E (TTM): 30.1X Cap: $1.68B
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• Kinaxis Inc. (KXS $190.80)
  • $190.80 P/E (TTM): 159.29X Cap: $5.39B
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• Agnico Eagle Mines Limited (AEM $210.42)
  • $210.42 P/E (TTM): 30.6X Cap: $105.78B
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• goeasy Ltd. (GSY $214.54)
  • $214.54 P/E (TTM): 12.79X Cap: $3.44B
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• WELL Health Technologies Corp. (WELL $4.74)
  • $4.74 Cap: $1.20B
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• DocuSign Inc. (DOCU $79.86)
  • $79.86 P/E (TTM): 14.35X Cap: $16.13B
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• PENN Entertainment Inc. (PENN $20.47)
  • $20.47 Cap: $2.86B
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• Lightspeed Commerce Inc. Subordinate Voting Shares (LSPD $16.84)
  • $16.84 Cap: $2.31B
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• Newmont Corporation (NGT $105.51)
  • $105.51 P/E (TTM): 13.56X Cap: $115.89B
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Q: this is my mix of companies. which would you cull and what do you recommend to replace?

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Read Answer Asked by Mark on August 19, 2022

• Constellation Software Inc. (CSU $4,599.69)
  • $4,599.69 P/E (TTM): 114.18X Cap: $97.59B
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• Topicus.com Inc. (TOI $178.50)
  • $178.50 P/E (TTM): 84.73X Cap: $14.87B
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Q: CSU has outperformed TOI over this past year. The trading of shares (CSU to TOI) has proven unprofitable. Given where they are, does this represent the relative bargain between the two? Would you trade CSU for the other today?

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Read Answer Asked by Gerald on August 19, 2022

Q: With the Canadian trading so low, do I assume correctly that this would not be a good time to buy US stocks? Does the same assumption apply to hedged investments such as ETFs and CDRs? Thank you.

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Read Answer Asked by Dennis on August 19, 2022

• Cenovus Energy Inc. (CVE $22.11)
  • $22.11 P/E (TTM): 16.03X Cap: $41.55B
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Q: What are your top picks in the Canadian energy sector? And why?

Thanks very much

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Read Answer Asked by christianne on August 19, 2022

Q: Thank you for great service.

I am not a gold bug but tend to hold some for downturns in the market/economy. I am up about 20% over 2 years in two mid-cap positions and down up to 60% in three juniors. Appreciating economic growth (or expected growth) is not the only factor impacting gold prices, why are we not seeing gold run in this environment? What factors will influence positive momentum in the coming 1-2 years?

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Read Answer Asked by Danny on August 19, 2022

Q: The Canadian dollar vs Euro has appreciated quite a bit over the last year +. Can you provide 3 or 4 names that look attractive both from a growth perspective and possible upside with Euro vs Cdn dollar FX in the future.

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Read Answer Asked by Chris on August 19, 2022

Q: With the upcoming balance sheet tightening by the fed does it make sense to have dry powder in the event that markets drop again significantly. If one is fully invested what percentage of cash would you usually recommend? Thanks. Shyam

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Read Answer Asked by Shyam on August 19, 2022

• Royal Bank of Canada (RY $200.22)
  • $200.22 P/E (TTM): 20.28X Cap: $281.30B
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• Toronto-Dominion Bank (The) (TD $103.16)
  • $103.16 P/E (TTM): 8.72X Cap: $176.11B
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• Bank of Nova Scotia (The) (BNS $87.86)
  • $87.86 P/E (TTM): 16.68X Cap: $109.08B
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• Bank of Montreal (BMO $174.72)
  • $174.72 P/E (TTM): 14.17X Cap: $125.15B
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• Canadian Imperial Bank Of Commerce (CM $108.42)
  • $108.42 P/E (TTM): 17.17X Cap: $100.77B
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• National Bank of Canada (NA $145.91)
  • $145.91 P/E (TTM): 13.77X Cap: $57.19B
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Q: B of M is trading at a PE of below 8 with a decent yield. Why is trading at a relatively low PE ? Is it more financially exposed to the a recession? Were you you rank it amongst the Cdn banks ?

Thank you

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Read Answer Asked by Mario on August 18, 2022

• Enghouse Systems Limited (ENGH $20.95)
  • $20.95 P/E (TTM): 15.82X Cap: $1.15B
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Q: I understand from reading the latest report, your confidence in the company has come down considerably. How would you rate your confidence in management to turn things around on the revenue side and do you still consider the stock a good long term hold at these level? I had a full position but the stock has been down a lot in the last 2 years. I see many A ratings in your grade system but an overall B rating concerns me a bit. I am wondering if now is the time to move on to better opportunities? Thank you for your guidance.

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Read Answer Asked by Pierre on August 18, 2022

• Topicus.com Inc. (TOI $178.50)
  • $178.50 P/E (TTM): 84.73X Cap: $14.87B
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Q: Can you address the lack of performance by Topicus?I know it’s venture listed…no analyst coverage….etc etc.Why doesn’t the company recognize this and change that?It supposedly has this great CSU leadership

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Read Answer Asked by Kim on August 18, 2022

• Dye & Durham Limited (DND $10.73)
  • $10.73 Cap: $710M
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Q: DND stock is badly broken. It has sold off even further during this tech bounce. Does this reflect a broken company or a mispriced stock?

Thanks.

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Read Answer Asked by Joel on August 18, 2022

• Nuvei Corporation Subordinate Voting Shares (NVEI $47.61)
  • $47.61 Cap: $6.75B
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Q: What are you expecting to see from Nuvei before you would consider adding to your position in the Growth Portfolio. Thanks.

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Read Answer Asked by Gerry on August 18, 2022

• Graphene Manufacturing Group Ltd. (GMG $0.85)
  • $0.85 Cap: $103M
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Q: Can you please take a look at GMG Graphene’s recent announcements and add your thoughts on Phase 1 and the market for A/C graphene coating. Please also comment on their partnerships with Rio Tinto, Bosch and Wood. What is the future market potential for Aluminum Graphene batteries? The stock seems to be holding up in this market…what would it take for you guys to be interested in this industry and in this particular small cap stock as well.

PS and thank you on your previous answer on Tantalus Systems(GRID)I will be renewing my subscription with 5i for years to come. Cheers🍺

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Read Answer Asked by James on August 18, 2022

• Mosaic Company (The) (MOS $32.45)
  • $32.45 P/E (TTM): 11.08X Cap: $10.29B
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• Nutrien Ltd. (NTR $78.16)
  • $78.16 P/E (TTM): 183.58X Cap: $38.28B
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Q: would now be good time to get into fertilizer? Can you recommend one? Thanks again. Dan.

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Read Answer Asked by Danny-boy on August 18, 2022

• Brookfield Asset Management Reinsurance Partners Ltd. Class A Exchangeable Limited Voting Shares (BAMR)
  • P/E (TTM): 3.7X Cap: $2.09B
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Q: I have a single share of BAMR from the spinoff. Am I able to have a BAMR share journaled (if that's the correct term) to a BAM.a share?

Thanks

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Read Answer Asked by Dennis on August 18, 2022

Q: Hi

What is 5i's take on your first Sentiment Survey - anything surprise you particularly?

Thanks

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Read Answer Asked by mike on August 18, 2022

• Capri Holdings Limited (CPRI $21.28)
  • $21.28 Cap: $2.59B
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Q: What are your thoughts on capri.
It appears to be trading at 1.2x sales which seems very low.
Could I be missing a red flag somewhere?
Thanks

Upvote 1

Read Answer Asked by Leon on August 18, 2022

• Firm Capital Mortgage Investment Corporation (FC $12.12)
  • $12.12 P/E (TTM): 23.24X Cap: $445M
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Q: What is your view of this company? It has an attractive yield an TD has a buy on it with a medium risk rating.

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Read Answer Asked by Allen on August 18, 2022