Investment Q&A

Q: You have mentioned AIQ many times as AI play. What about DTCR ? Seems to have better performance numbers but seems to have 25% in REITs which own land for data centres. For 25% REIT, the yield of 1% seems a little low.

Q: This has a 4% weighting, and I have held it mostly for income purposes since retirement in 2018. I have never been really compelled to be overly worried about its dividend payouts at different levels, quarterly. However, the last payout was very low at 0.0957. Can you see why it was such a drop, and if it indicates a change in their payout plans? As always, thanks for your fine service.

Q: Shop getting crushed , now sub $145cdn and CSU treading towards 52 low is it time to back up the truck and load up? 10 year hold.

Q: Palantir seems to be lagging many other tech names recently. What is your view on Palantir and do you see this as a buying opportunity? Or are their other names you prefer?

Thanks
Tim

Q: The symbol for my Thomson Reuters Corp has changed to 66543D today. My online broker told me that this is because of a merger with another company, could you elaborate on this? I have been holding ABT for more than 5 years now and I am in negative territory with this stock today. Would you buy more, hold or simply sell for something better in the health care sector? Thank you

Q: Hi,

I try not to time the market and positions too much, but when you see a position run into earnings, for example HPS.A, would you trim? I have a 4.91% position and its been doing very well. For smaller or mid cap names that are more volatile, what % do you hold these names at vs a large cap core position? I'm thinking of trimming down to 3.5-4% before earnings, although long term I still like the tailwinds for these power companies. Thanks!

Q: Do you see PRL as a buy today after it's latest earnings report?

Q: Hello, Please provide a summary of KEEL regarding their involvement with AI data centers and other areas they are involved in. Your thoughts on their shorter and longer term success would be appreciated. Thanks

Q: Peter; I took a “ flyer” on FLY buy now it looks like the pilot is drunk. Saw a few upgrades - thinking of dumping and buying HOOD for a safer flight. Excuse the puns .
Thanks,
Rod

Q: Good morning,

Yesterday GameStop made an unsolicited, non-binding offer to acquire eBay for $125/share in cash and stock, valuing the company at roughly $55.5 billion. GameStop’s market capitalization is a little less than $12 billion.

The proposal is a steep premium to recent trading levels, but also raises questions about financing. Apparently TD has committed ~ $20bn to the financing of this proposed transaction.

Shares of GameStop fell about 10% Monday following the announcement, reflecting investor skepticism around the feasibility of the deal and the potential strain on the company’s balance sheet.

I have read that the more likely outcome at the proposed valuation would push leverage to roughly 7.7x debt to earnings before interest, taxes, depreciation and amortization — a level bordering on distressed.

As a TD shareholder, should I be worried?

Thanks as always.

Q: I know similar questions have been asked, however, when benchmarking 3-5yr potential of these how would you rank?

Q: Hi 5i
I have been watching CSU (2482) but have not bought yet. I'm tempted to buy some before earnings next week. Can you tell me how the stock has behaved in the past just before earnings and the weeks after?
Thanks, Greg

Q: Could you give your analysis of these two tickers overall and specifically from a valuation point of view? Thank you

Q: Can you make an educated guess as to how much the current Iran “conflict” is affecting TNZ’s share price? It seemed like it’s upward trajectory before the war started was well under way and not overly accelerated by events, so I am wondering if a sudden end to hostilities might not result in as big a decline as some others in the energy space might see? I realize it is not much more than a guess but your guesses are better than most!

Q: Do you have any updated opinions about ARTG compared to your last comment? Thank you!

Q: Hello team,

If I believe that in the upcoming age of AI, Security & Sovereignty is about moving beyond "antivirus" and looking at how a nation or an organization protects its physical and digital independence. In the era dominated by AI and space, no matter how advanced or important, any entity may be rendered crippled/useless, if they can be hijacked, shut down, or dictated by outside forces.

In such a world, the Security & Sovereignty pillar is the strategic framework that protects Strategic Autonomy. It ensures that critical infrastructure—from satellite constellations to the power grid—can operate independently and securely regardless of geopolitical tensions or cyber-kinetic warfare.

That said, which two company will be the compatible pair for this theme? I have listed some of their pros and cons below, but I am interested in what you think about this thesis and what will be your picks when you also factor in their financials, valuation, and execution risks/strengths. Please mention if you have better ideas outside these five.

Thank you for taking the time & effort to help us understand the complex world of investing one question at a time.

1. Zscaler (ZS)
The Pros: 50% haircut, P/S of roughly 7.5x, 70-80% gross margins, profitable, massive cash flow; built for the cloud; the “Zero Trust Exchange” makes the network invisible to unauthorized users.
The Cons: Struggling Sales Execution and Platform Competition (larger tech conglomerates are now offering "good enough" security bundles for free.)

2. Leonardo (FINMY)
The Pros: Massive Backlog (€46.6 billion), Sovereign Protection through the "Michelangelo Dome”; Credit Strength; defense and space wings are soaring.
The Cons: Political Risk (based in Italy); Civilian Aerostructures Drag (2028 breakeven)

3. CrowdStrike (CRWD)
The Pros: Market dominance, Falcon platform is the "must-have" tool for Fortune 500 CISOs; The "Flywheel" Effect: Every new customer adds data to their AI, creating a powerful competitive moat.
The Cons: Valuation Friction with a forward P/E over 90x, zero room for error; Saturating Market forcing it to move into Log Management/Identity, where fierce competition is worse

4. Palo Alto Networks (PANW)
The Pros: Platformization Power, offering a "Unified Security Fabric" which allows companies to replace 10 different vendors with one Palo Alto contract; Software Pivot: from "Hardware Firewalls" to "Software-as-a-Service," accounting for a growing portion of their revenue.
The Cons: Integration Complexity due to aggressive acquisitions; Margin Dilution by offering "free transition periods" to customers suppressing short-term cash flow meaningfully.

5. SentinelOne (S)
The Pros: Pure AI Heritage, their "Purple AI" was built from the ground up to be autonomous, requiring fewer human security analysts; Disruption Potential: a "hungry underdog," winning contracts by undercutting on price and demonstrating faster/better detection speeds.
The Cons: Path to Profitability still long despite crossing the $1 billion revenue mark recently; Volatility: prone to wild 20%–30% swings on even minor guidance adjustments

Q: What would. be good price for shop to buy?

Thx

Q: SHOP looks lie they missed the target on earnings. Can you comment after earnings call and what this means going forward.

Q: Hi Guys,

After listening to the conference call is Shopify a buy/hold/sell.

Thanks

Jim

Q: Hi Peter & 5i Team,

If one owned these four Industrial stocks: ARE, STN, WSP, and BDT, please rank them (BUY more, SELL and HOLD). Briefly comment on the rationale for each.

As always, many thanks for your assistance.