Investment Q&A

Q: May I have your comparative analysis of risk/benefit of having your assets in a bank, caisse populaire (Québec) vs fintech (like Wealthsimple)? A friend in corporate legal domain was suspicious of the soundness of fintech vs banks in Canada. She was refering to the 2008 financial crisis and implied that fintechs would be a liability for investors. What do you think?

Thank you as always to Peter and the great team for expertise that goes well beyond stock analysis.

Upvote 3

Read Answer Asked by Jean on April 14, 2026

Q: Can I get your thoughts on LMAT please. Seems to be doing well. Near its 52 week highs. Thank You

Upvote 1

Read Answer Asked by Stephen on April 14, 2026

• Stack Capital Group Inc. (STCK $26.04)
  • $26.04 P/E (TTM): 7.94X Cap: $343M
  • View STCK Profile
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Q: Stack capital has about 28% of its portfolio in pre ipo space x .
I assume the book value of stck is mark to market . As such without knowing its cost basis for its shares how can one determine the change in book values once the ipo happens. I expect a very heavy uptake of the ipo shares

Upvote 1

Read Answer Asked by Leon on April 14, 2026

• Celestica Inc. (CLS $529.99)
  • $529.99 P/E (TTM): 49.86X Cap: $58.07B
  • View CLS Profile
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• Shopify Inc. Class A Subordinate Voting Shares (SHOP $162.03)
  • $162.03 P/E (TTM): 121.38X Cap: $206.88B
  • View SHOP Profile
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• Teradyne Inc. (TER $365.51)
  • $365.51 P/E (TTM): 106.05X Cap: $57.94B
  • View TER Profile
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• Monolithic Power Systems Inc. (MPWR $1,363.42)
  • $1,363.42 P/E (TTM): 105.36X Cap: $67.40B
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• Fabrinet (FN $681.68)
  • $681.68 P/E (TTM): 63.42X Cap: $24.71B
  • View FN Profile
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• Nebius Group N.V. (NBIS $161.94)
  • $161.94 Cap: $36.80B
  • View NBIS Profile
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Q: Nebius has hit 10% of my total portfolio today. What % would you par this back to? And what top 5 alternative names in sequence of priority would you consider re investment? Assume portfolio is currently diversified in a balanced manner. This would be a long term hold > 5 years.

Upvote 2

Read Answer Asked by Chris on April 14, 2026

Q: Re: Income Portfolio

What was the basis of consideration for the construction of your Income Portfolio?

I assume that you were not considering a diversified sector allocation.

Was it constructed on the basis of the constituent securities being stable, reliable in payment, and well established?

Is there a reason for not using covered call securities?

What advice would you give someone considering establishing an income based portfolio?

Upvote 4

Read Answer Asked by Danny on April 14, 2026

• Martin Marietta Materials Inc. (MLM $630.80)
  • $630.80 P/E (TTM): 33.65X Cap: $37.65B
  • View MLM Profile
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• Vulcan Materials Company (Holding Company) (VMC $296.86)
  • $296.86 P/E (TTM): 36.43X Cap: $38.17B
  • View VMC Profile
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• CRH PLC (CRH $117.41)
  • $117.41 P/E (TTM): 24.0X Cap: $77.50B
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• Amrize Ltd (AMRZ $59.96)
  • $59.96 P/E (TTM): 21.19X Cap: $32.10B
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Q: I'm looking for exposure to the infrastructure/materials area. Would you think more pure plays for aggregates like VCM or MLM are preferred over CRH or AMRZ which also have construction exposure? What do you think of this idea and what would your preferred companies be? Thanks very much!

Upvote 1

Read Answer Asked by Michael on April 14, 2026

• Kinaxis Inc. (KXS $140.02)
  • $140.02 P/E (TTM): 40.22X Cap: $3.87B
  • View KXS Profile
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• Vertiv Holdings LLC Class A (VRT $310.51)
  • $310.51 P/E (TTM): 86.54X Cap: $114.76B
  • View VRT Profile
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Q: Vertiv or Kinaxis for growth, which would you prefer please.

Upvote 2

Read Answer Asked by Gregory on April 14, 2026

Q: How important to SHOP is this news?
""TALLINN, Estonia, April 09, 2026--(BUSINESS WIRE)--Today, Katana (katanamrp.com) announced its evolution from cloud inventory management software into the Modern Merchant Operating System, a unified platform purpose-built for product brands selling across multiple channels and locations. The announcement comes alongside the launch of Katana’s native Amazon FBA integration, the first in a series of platform capabilities designed to give multi-channel merchants a single source of truth for their entire operation.''

Upvote 2

Read Answer Asked by Yves on April 14, 2026

• TFI International Inc. (TFII $172.31)
  • $172.31 P/E (TTM): 43.66X Cap: $14.07B
  • View TFII Profile
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Q: Hi - what do you make of a transport like TFII moving up strongly despite gas prices rising in step? Would you be a buyer here?

Upvote 5

Read Answer Asked by Doug on April 14, 2026

• Chemtrade Logistics Income Fund (CHE.UN $14.50)
  • $14.50 P/E (TTM): 13.97X Cap: $2.02B
  • View CHE.UN Profile
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Q: Typical Canada/BC that they pulled approval for Chem trade to produce sulphuric acid right at the time of a major global shortage and when the need for a North American supplier is critical.

Is the 17% drop today about right based on this news? What do you think the chances are this get overturned? I recently bought after looking at the macro situation and need to decide whether to drop and move on or if there is recovery potential. Given that Vancouver and BC is involved this could drag on for years, no?

Upvote 2

Read Answer Asked by Kel on April 14, 2026

• BCE Inc. (BCE $32.88)
  • $32.88 P/E (TTM): 4.76X Cap: $30.23B
  • View BCE Profile
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• TELUS Corporation (T $16.78)
  • $16.78 P/E (TTM): 22.79X Cap: $25.50B
  • View T Profile
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Q: Would Telus and BCE be considered good entry points for cash flow with minimal growth potential? They seem to be very out of favour currently.

Upvote 5

Read Answer Asked by Rob on April 14, 2026

• Zeta Global Holdings Corp. Class A (ZETA $16.20)
  • $16.20 Cap: $3.81B
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Q: Can i get your thoughts on ZETA please? Buyable here?
Thank you

Upvote 3

Read Answer Asked by Neil on April 14, 2026

• Booking Holdings Inc. (BKNG $181.12)
  • $181.12 P/E (TTM): 1.04X Cap: $140.35B
  • View BKNG Profile
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• Canadian Natural Resources Limited (CNQ $62.80)
  • $62.80 P/E (TTM): 12.41X Cap: $134.91B
  • View CNQ Profile
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• ARC Resources Ltd. (ARX $24.98)
  • $24.98 P/E (TTM): 11.91X Cap: $14.81B
  • View ARX Profile
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• Celestica Inc. (CLS $529.99)
  • $529.99 P/E (TTM): 49.86X Cap: $58.07B
  • View CLS Profile
  • View Questions on CLS
• Hydro One Limited (H $58.24)
  • $58.24 P/E (TTM): 26.55X Cap: $34.93B
  • View H Profile
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• Aritzia Inc. Subordinate Voting Shares (ATZ $130.19)
  • $130.19 Cap: $14.90B
  • View ATZ Profile
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• Kraken Robotics Inc. (PNG $8.50)
  • $8.50 P/E (TTM): 136.0X Cap: $2.73B
  • View PNG Profile
  • View Questions on PNG
  • View Reports on PNG
• Vertiv Holdings LLC Class A (VRT $310.51)
  • $310.51 P/E (TTM): 86.54X Cap: $114.76B
  • View VRT Profile
  • View Questions on VRT
• Robinhood Markets Inc. (HOOD $79.09)
  • $79.09 P/E (TTM): 33.92X Cap: $64.52B
  • View HOOD Profile
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• Brookfield Corporation Class A Limited Voting Shares (BN $62.75)
  • $62.75 P/E (TTM): 79.44X Cap: $134.80B
  • View BN Profile
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• Nebius Group N.V. (NBIS $161.94)
  • $161.94 Cap: $36.80B
  • View NBIS Profile
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Q: I asked question last Sunday past regarding top 6 sectors (in order of preference complete with top 2 picks in each sector along with reasons behind the picks again everything in order of preference please. No sure what happened but no answer was given...thanks

Upvote 19

Read Answer Asked by Terence on April 14, 2026

• Neo Performance Materials Inc. (NEO $22.98)
  • $22.98 Cap: $964M
  • View NEO Profile
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Q: What are your expectations for this company? What would be a good entry point?

Upvote 4

Read Answer Asked by Stephen on April 14, 2026

• GFL Environmental Inc. subordinate voting shares (GFL $53.23)
  • $53.23 P/E (TTM): 6.11X Cap: $19.25B
  • View GFL Profile
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Q: Your thoughts on this deal to acquire Secure,would you buy this here and if they are paying for 80% of this with shares ,would you consider this a pretty big bite to digest what do you see this stock doing in the short term(1-3 months)THANKS

Upvote 3

Read Answer Asked by Greg on April 14, 2026

• Cameco Corporation (CCO $159.87)
  • $159.87 P/E (TTM): 178.59X Cap: $70.03B
  • View CCO Profile
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• AeroVironment Inc. (AVAV $194.52)
  • $194.52 Cap: $9.70B
  • View AVAV Profile
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• 5N Plus Inc. (VNP $34.71)
  • $34.71 P/E (TTM): 46.57X Cap: $3.21B
  • View VNP Profile
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• Arista Networks Inc. (ANET $154.37)
  • $154.37 P/E (TTM): 53.58X Cap: $191.01B
  • View ANET Profile
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• Neo Performance Materials Inc. (NEO $22.98)
  • $22.98 Cap: $964M
  • View NEO Profile
  • View Questions on NEO
• Vertiv Holdings LLC Class A (VRT $310.51)
  • $310.51 P/E (TTM): 86.54X Cap: $114.76B
  • View VRT Profile
  • View Questions on VRT
• Ondas Inc (ONDS $9.40)
  • $9.40 Cap: $4.56B
  • View ONDS Profile
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• MDA Space Ltd. (MDA $46.17)
  • $46.17 P/E (TTM): 50.44X Cap: $5.97B
  • View MDA Profile
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• Telesat Corporation Common and Variable Voting Shares (TSAT $62.02)
  • $62.02 Cap: $2.24B
  • View TSAT Profile
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• CoreWeave Inc. (CRWV $117.20)
  • $117.20 Cap: $57.96B
  • View CRWV Profile
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Q: Good morning 5i,

Enjoyed the BNN segment as always.

Which current US stocks are in the midst of hot momentum with room to carry. Such as NBIS. Ones preferable with reasonable balance sheets and worth holding on a fundamental basis. Add to my momentum portion of my portfolio.

Thank you.

Upvote 13

Read Answer Asked by Adam on April 14, 2026

Q: watching chris today on market call and very good. he said he has done a study on the vix and i was just wondering for canadian paying large dividend stocks -where should the vix be to best suit the dividend stocks.

Upvote 6

Read Answer Asked by hans on April 14, 2026

• Cambria Gold Mines Inc. (CAMB $1.52)
  • $1.52 Cap: $85M
  • View CAMB Profile
  • View Questions on CAMB

Q: Would love your thoughts and any information you can share with me on this small cap Gold mine in the Golden Triangle in North Western BC?
They apparently are starting Construction of another mine!
Thanx as Usual
Gary

Upvote 1

Read Answer Asked by Gary on April 14, 2026

• Royal Bank of Canada (RY $240.71)
  • $240.71 P/E (TTM): 15.95X Cap: $333.76B
  • View RY Profile
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• Toronto-Dominion Bank (The) (TD $141.95)
  • $141.95 P/E (TTM): 11.15X Cap: $234.75B
  • View TD Profile
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• Bank of Nova Scotia (The) (BNS $102.62)
  • $102.62 P/E (TTM): 19.62X Cap: $125.30B
  • View BNS Profile
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  • View Reports on BNS
• Dollarama Inc. (DOL $176.60)
  • $176.60 P/E (TTM): 37.3X Cap: $48.14B
  • View DOL Profile
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• Celestica Inc. (CLS $529.99)
  • $529.99 P/E (TTM): 49.86X Cap: $58.07B
  • View CLS Profile
  • View Questions on CLS
• Toromont Industries Ltd. (TIH $214.56)
  • $214.56 P/E (TTM): 34.74X Cap: $17.16B
  • View TIH Profile
  • View Questions on TIH
  • View Reports on TIH
• Shopify Inc. Class A Subordinate Voting Shares (SHOP $162.03)
  • $162.03 P/E (TTM): 121.38X Cap: $206.88B
  • View SHOP Profile
  • View Questions on SHOP
  • View Reports on SHOP
• EQB Inc. (EQB $116.79)
  • $116.79 P/E (TTM): 18.97X Cap: $4.26B
  • View EQB Profile
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• Kraken Robotics Inc. (PNG $8.50)
  • $8.50 P/E (TTM): 136.0X Cap: $2.73B
  • View PNG Profile
  • View Questions on PNG
  • View Reports on PNG
• Brookfield Corporation Class A Limited Voting Shares (BN $62.75)
  • $62.75 P/E (TTM): 79.44X Cap: $134.80B
  • View BN Profile
  • View Questions on BN

Q: Good Morning, I’m looking to round out my TFSA. Excluding Celestica, Shop, BN and Kraken what Canadian company would you recommend for a 3 year hold.
Thank you

Upvote 10

Read Answer Asked by Marty on April 14, 2026

Q: Everyone, Have the fundamental concerns investors raise about stocks changed over time, or are they largely the same questions in different forms? Clayton

Upvote 7

Read Answer Asked by Clayton on April 14, 2026