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Investment Q&A

Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.

Q: I am looking to validate a long-term investment thesis (3 to 5 years) on ServiceNow.
Here is my reasoning:
Jensen Huang consistently cites ServiceNow as the perfect example of his thesis that SaaS companies will become GaaS companies (Generative Agent as a Service). NVIDIA itself uses ServiceNow internally, and the two companies just launched Project Arc together at the Knowledge 2026 conference. Huang predicts that the large organizations of the future will “run on ServiceNow.”
What convinces me fundamentally:

ServiceNow is already embedded in 85-90% of Fortune 500 companies

Switching costs are nearly prohibitive (data, workflows, employee training)

Their AI product Now Assist has already surpassed $600M in ACV and is targeting $1.5B by end of 2026

Management is targeting $30B+ in subscription revenue by 2030, roughly doubling current levels

The stock is down approximately 40% in 2026, which could represent an attractive entry point

My questions

Do you share this long-term thesis on ServiceNow?

Does the ~40% decline in 2026 represent a buying opportunity, or are there structural risks I may be underestimating?
Read Answer Asked by jean on May 13, 2026
Q: CEO of NOW recent comments state they project being a $1T company by 2030. Jensen Huang believes they are are the forefront of AI as a service and undervalued (recent comments and past comments). Jensen has been correct before!

Is the market missing something? What would it take for the market to value NOW as an AI First company?
Read Answer Asked by Mark on May 13, 2026
Q: Hey sorry I asked a question about CELH just a few hours ago. Please add this commentary under the same question. I just wanted to add a point as I was asking for your thoughts on CELH pullback. Some investors are claiming the pullback is due to Celsius branded drinks only growing 6%, while Alani Nu grew much more. They are questioning the original comments from mgmt that Alani and Celsius only had about 15% customer overlap. But it seems that Celsius brand is being way more cannibalized, and likely competition impacts, but overall Celsius brand drinks has lost it high growth that the company has been priced on. Can you add your thoughts on this thesis and is CELH still a hold in the face of these issues? Thx
Read Answer Asked by Adam on May 13, 2026
Q: I haven't seen any questions regarding Canada Goose for a while so I'm just wondering what your take is on them these days. I bought a stake in them many years ago when you had them in your Growth portfolio, I've held on to it still because I believe they make an excellent product but the profit metrics are still not there.
Thank you

Jim
Read Answer Asked by Jim on May 13, 2026
Q: What are your thoughts on the Service Now, META and Turning Point Brands? Buying opportunity at current levels?
Read Answer Asked by Madhur on May 13, 2026
Q: If one were to choose to allocate some money to the "Outer Space" investment theme, but not want to try to pick a specific stock, what would be your recommended ETF's with that theme? Are there any Canadian denominated ETF's that are potential candidates?

Thanks as always,

Dave
Read Answer Asked by Dave on May 13, 2026
Q: Good morning I have 2 laggards in my unregistered US account. Microsoft and Robinhood. I've taken profits in both when at higher valuations. Would you endorse a switch to Micron and provide suggestion for a solid dividend payer as well ?
Thanks in advance.
David
Read Answer Asked by David on May 13, 2026
Q: Hello 5i,
Since June 2025 AW has not moved. It reached $40 in July of 2025 but has since dropped back to $36. Do you see it as going anywhere, should I hang on as a value investor or move the funds into PBH, or even add to my 3 lowest to shore them up even though they are doing well.
Thank you for your great service
Read Answer Asked by STANLEY on May 13, 2026
Q: Looking at these EFT's how would you rank them as investable in a RRSP for a long term hold.
Read Answer Asked by Kolbi on May 13, 2026
Q: A suggestion for 5i: Inclusion of "Buy Below" or Fair Value Ranges for Model Portfolios
I have been a long-time subscriber to 5i Research, primarily for exposure to the Canadian market. I follow only markets outside Canada and am unable to research TSX companies. While I find the quality of MOST (certainly not all) businesses in the model portfolios to be high, I believe there is a significant opportunity to improve the utility of these models for members by including suggested buy ranges or "Buy Below" price targets.
The Rationale: Value vs. Market Timing
Giving a price range that represents fair value at the time of a portfolio update is not "market timing". It would simply be a logical assist to a buy decision. Good companies do reach excessive valuations where they no longer represent a prudent entry point. If you would please provide a "Buy at or Below" guidance, it would really help.
Precedence in your Industry
Several highly regarded research services successfully implement this approach. For example, Crossing Wall Street includes a specific "Buy Below" column for every position, updated weekly by Eddy Elfenbein. See https://www.crossingwallstreet.com/buylist. AAII (American Association of Individual Investors) provides members a grading system across their model portfolios (Growth, Dividend Growers, Income, etc.) to signal to members whether a company is currently trading at a reasonable price.

In my own experience, while I have outperformed the S&P 500 in 9 of the last 11 years (luck plus my primary research), my Canadian investments following 5i models have struggled badly. I don't research Canadian businesses and follow 5i models. Losses and poor performance is largely due to buying good companies in 5i models at "awful" prices. An investment may be a success for a 5i model over years, but it is often in a "no-buy" zone for a new investor. Guidance on entry ranges would mitigate the risk of members (like me) buying at unreasonably high prices and waiting years just to break even-- this, even with good businesses (SHOP, KXS, PSI, BNS, many other).

I suggest you include a Price Range or Fair Value Ceiling for each business in the model portfolios, reflecting what represents a "fair price" at the date of the report. This would bridge the gap between identifying a "good company" and making a "good investment."
Thank you for considering this suggestion for future. :ao:

Read Answer Asked by Adam on May 13, 2026
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