Investment Q&A

Q: Good morning 5i
Just a clarification on your covered call strategy that you mentioned today. You said that if called away, say, at $45 you would immediately sell a put for $45 for about a month out. One of the reasons for this i imagine is that you think the stock has the wind in its sails. Right? Also, how would this strategy affect the superficial loss rule. I don’t imagine you would be seen as buying the stock within 30 days?
Thanks

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Read Answer Asked by joseph on June 21, 2023

• Digital Realty Trust Inc. (DLR $171.88)
  • $171.88 P/E (TTM): 44.34X Cap: $58.61B
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Q: You have like this Reit in the past, but recently I have read it has high debt and was not recommended (in this particular article). Do you still like it, and what would be a good entry point if you were to buy it. I have a small position and am not sure whether I should add to it or not. Thanks.

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Read Answer Asked by Pat on June 21, 2023

• Bank of Nova Scotia (The) (BNS $90.11)
  • $90.11 P/E (TTM): 17.08X Cap: $111.87B
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• BCE Inc. (BCE $32.75)
  • $32.75 P/E (TTM): 72.74X Cap: $30.54B
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• TC Energy Corporation (TRP $73.10)
  • $73.10 P/E (TTM): 18.12X Cap: $75.97B
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Q: Retired, dividend-income investor. I am looking at topping up existing positions in BCE, BNS, TRP over the next 1-3 months, as funds become available.

Please rank them in order of :
a) Value (based on where their P/E (or whatever the appropriate metric) is currently vs over time),
b) Potential capital upside.
Any thoughts on technicals and seasonality would be appreciated.
My own thoughts are to add to TRP first, then BNS, then lastly BCE.

Thanks for your help....Steve

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Read Answer Asked by Stephen on June 21, 2023

• Costco Wholesale Corporation (COST $946.51)
  • $946.51 P/E (TTM): 67.16X Cap: $419.47B
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• Microsoft Corporation (MSFT $513.57)
  • $513.57 P/E (TTM): 37.69X Cap: $3.81T
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• Johnson & Johnson (JNJ $190.85)
  • $190.85 P/E (TTM): 20.42X Cap: $459.63B
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• Morgan Stanley (MS $155.34)
  • $155.34 P/E (TTM): 17.55X Cap: $247.97B
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Q: Hi 5i,
I plan on purchasing these 4 companies to cover off my exposure to the US markets.

What is your opinion of this portfolio? Any other addition?

Weighting in the Portfolio is a consideration, so I only have 4 positions.

Is now a good time to start accumulating, and it what order?

Thanks for the opinion.
John

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Read Answer Asked by John on June 21, 2023

• Northview Fund (NHF.UN)
  • Cap: $249M
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Q: Why are they consolidating the shares? They are nowhere near a delisting price.
Why do you think the market is unphased by the yield reduction. Even an anticipated cut almost always creates a drop. Occasionally a boost of course.

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Read Answer Asked by David on June 21, 2023

• Baytex Energy Corp. (BTE $3.26)
  • $3.26 P/E (TTM): 6.96X Cap: $2.50B
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Q: Peter; With the Ranger deal closed does BTE look any better to,you ? Thanks.
Rod

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Read Answer Asked by Rodney on June 21, 2023

Q: Hello. I am looking for some advice on preferred shares. Given the current situation of rising interest rates, which type of preferred shares (reset, perpetual, or floating) should I buy to maximize my dividend income and capital appreciation in the future? Thank you.

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Read Answer Asked by Esther on June 21, 2023

• Enbridge Inc. (ENB $66.75)
  • $66.75 P/E (TTM): 23.47X Cap: $145.58B
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Q: If the appeal process results in the current judge's order being upheld and Enbridge being forced to "move Line 5" (which sounds to the uninformed to be potentially rather costly) what is the possible effect on the equity - in other words, what are shareholders looking at as a possible downside, what is the risk of this worst case scenario, and what does the 5i crystal ball say will likely happen. Does this alter your positive outlook on this stock as a solid income hold with some likely capital improvement over time - is it still a buy. Thanks for your opinion on this news.

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Read Answer Asked by Ken on June 21, 2023

• Alphabet Inc. (GOOG $246.19)
  • $246.19 P/E (TTM): 26.08X Cap: $2.95T
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• NVIDIA Corporation (NVDA $180.03)
  • $180.03 P/E (TTM): 53.65X Cap: $4.37T
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• Booking Holdings Inc. (BKNG $5,280.14)
  • $5,280.14 P/E (TTM): 36.63X Cap: $171.12B
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• Salesforce Inc. (CRM $239.77)
  • $239.77 P/E (TTM): 36.16X Cap: $228.26B
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• Dollarama Inc. (DOL $175.80)
  • $175.80 P/E (TTM): 38.69X Cap: $48.58B
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• Kinaxis Inc. (KXS $181.36)
  • $181.36 P/E (TTM): 153.07X Cap: $5.12B
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• Shopify Inc. Class A Subordinate Voting Shares (SHOP $214.84)
  • $214.84 P/E (TTM): 85.84X Cap: $279.15B
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Q: Can you suggest a few US and Canadian stocks with good momentum and fundamentals that are well positioned to trade, but at the same time can be kept long term if the trade goes sour?

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Read Answer Asked by Andrew on June 21, 2023

Q: when is it advantageous to use currency neutral funds

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Read Answer Asked by michael on June 21, 2023

• AltaGas Ltd. (ALA $42.38)
  • $42.38 P/E (TTM): 16.33X Cap: $12.67B
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• Magna International Inc. (MG $63.14)
  • $63.14 P/E (TTM): 10.35X Cap: $17.79B
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• Spin Master Corp. Subordinate Voting Shares (TOY $18.90)
  • $18.90 P/E (TTM): 16.01X Cap: $1.88B
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• WELL Health Technologies Corp. (WELL $5.25)
  • $5.25 Cap: $1.33B
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Q: I have Magna, Spin Master, Well Health Technologies in a TFSA, and AltaGas in a RRIF.
All are down slightly.

Could you please rate these in terms of potential and how much patience might be required.

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Read Answer Asked by Valerie on June 21, 2023

• Stingray Group Inc. Subordinate Voting Shares (RAY.A $10.50)
  • $10.50 P/E (TTM): 15.64X Cap: $698M
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Q: hi, any news accounting for the severe stock price decline today? further, what is your best guess as to where we are in the "recession" cycle now??

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Read Answer Asked by chris on June 21, 2023

• Rio Tinto Plc (RIO $68.22)
  • $68.22 P/E (TTM): 9.26X Cap: $85.55B
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• BHP Group Ltd. (BHP $56.42)
  • $56.42 P/E (TTM): 15.82X Cap: $142.53B
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Q: Please comment on each of these companies. Would like to add to RIF account. Interested in the material sector. Do you have another suggestion if neither of these are stable in your view. Thank you.

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Read Answer Asked by Stella on June 21, 2023

• WELL Health Technologies Corp. (WELL $5.25)
  • $5.25 Cap: $1.33B
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Q: I noticed in the votes for directors the CEO did rather poorly compared to the other directors. There is generally a reason for these types of results. Perhaps you could let us know what is happening with the company and its management.
Thanks

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Read Answer Asked by Robert on June 21, 2023

• iShares Russell 2000 Growth ETF (IWO $330.34)
  • $330.34 P/E (TTM): 21.85X Cap: $13.31B
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• iShares Core S&P Small-Cap ETF (IJR $118.35)
  • $118.35 P/E (TTM): 17.41X Cap: $84.31B
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Q: What is the difference between IJR and IWO? Best account to hold?
Many thanks.

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Read Answer Asked by Carlos on June 21, 2023

• Lithium Americas Corp. (LAC $14.11)
  • $14.11 Cap: $3.40B
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Q: Lac had dropped from 1 yr H of $42.82 to curent $28.05.Is this an opportunity to buy? and what is a good entry price? Txs for U usual great services & views

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Read Answer Asked by Peter on June 21, 2023

• CVS Health Corporation (CVS $79.66)
  • $79.66 P/E (TTM): 21.73X Cap: $101.03B
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• Northland Power Inc. (NPI $24.42)
  • $24.42 Cap: $6.38B
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• Tidewater Midstream and Infrastructure Ltd. (TWM $6.08)
  • $6.08 Cap: $131M
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• Champion Iron Limited Ordinary Shares (CIA $4.45)
  • $4.45 P/E (TTM): 25.9X Cap: $2.29B
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• MP Materials Corp. (MP $98.65)
  • $98.65 Cap: $17.47B
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• TELUS International (Cda) Inc. Subordinate Voting Shares (TIXT $6.28)
  • $6.28 Cap: $1.74B
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Q: CIA,CJR-B,NPI,PRMV,TWM,TIXT. CVS-N,MP-N, Witch one to sell and which stocks are underpriced today to replace.
Appreciate your opinion and expertise.

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Read Answer Asked by Nizar on June 21, 2023

• Aritzia Inc. Subordinate Voting Shares (ATZ $86.17)
  • $86.17 P/E (TTM): 43.22X Cap: $9.87B
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• Crocs Inc. (CROX $83.98)
  • $83.98 P/E (TTM): 20.56X Cap: $4.45B
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Q: I would like to add either CROX or ATZ to my TFSA. You seem to like both. Which would you pick? Can you give me your pros and cons for each.

Thank you.

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Read Answer Asked by Elliott on June 21, 2023

• Adobe Inc. (ADBE $335.94)
  • $335.94 P/E (TTM): 21.65X Cap: $140.62B
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• Amazon.com Inc. (AMZN $216.39)
  • $216.39 P/E (TTM): 33.55X Cap: $2.30T
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• Costco Wholesale Corporation (COST $946.51)
  • $946.51 P/E (TTM): 67.16X Cap: $419.47B
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• Meta Platforms Inc. (META $708.65)
  • $708.65 P/E (TTM): 25.97X Cap: $1.78T
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• Alphabet Inc. (GOOG $246.19)
  • $246.19 P/E (TTM): 26.08X Cap: $2.95T
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• Intuitive Surgical Inc. (ISRG $436.39)
  • $436.39 P/E (TTM): 59.83X Cap: $156.43B
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• Microsoft Corporation (MSFT $513.57)
  • $513.57 P/E (TTM): 37.69X Cap: $3.81T
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• QUALCOMM Incorporated (QCOM $161.74)
  • $161.74 P/E (TTM): 15.63X Cap: $174.51B
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• Constellation Software Inc. (CSU $3,955.01)
  • $3,955.01 P/E (TTM): 97.2X Cap: $83.81B
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• Kinaxis Inc. (KXS $181.36)
  • $181.36 P/E (TTM): 153.07X Cap: $5.12B
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• Aritzia Inc. Subordinate Voting Shares (ATZ $86.17)
  • $86.17 P/E (TTM): 43.22X Cap: $9.87B
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Q: What stocks would you suggest for a TFSA of about $70k for a 30 y.o. with a 10-15 year time frame?
Thank you.

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Read Answer Asked by A on June 21, 2023

• CME Group Inc. (CME $267.18)
  • $267.18 P/E (TTM): 26.26X Cap: $96.28B
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• Nasdaq Inc. (NDAQ $89.54)
  • $89.54 P/E (TTM): 34.25X Cap: $51.37B
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• Visa Inc. (V $348.38)
  • $348.38 P/E (TTM): 33.56X Cap: $675.83B
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• Toronto-Dominion Bank (The) (TD $111.51)
  • $111.51 P/E (TTM): 9.26X Cap: $190.37B
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• Bank of Nova Scotia (The) (BNS $90.11)
  • $90.11 P/E (TTM): 17.08X Cap: $111.87B
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• Bank of Montreal (BMO $179.25)
  • $179.25 P/E (TTM): 14.63X Cap: $128.39B
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• Manulife Financial Corporation (MFC $45.40)
  • $45.40 P/E (TTM): 14.04X Cap: $77.11B
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• Power Corporation of Canada Subordinate Voting Shares (POW $62.50)
  • $62.50 P/E (TTM): 14.73X Cap: $40.07B
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• Timbercreek Financial Corp. (TF $7.23)
  • $7.23 P/E (TTM): 14.0X Cap: $590M
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• Cboe Global Markets Inc. (CBOE $238.21)
  • $238.21 P/E (TTM): 28.72X Cap: $24.91B
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• Tradeweb Markets Inc. (TW $108.23)
  • $108.23 P/E (TTM): 41.35X Cap: $25.32B
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• Brookfield Corporation Class A Limited Voting Shares (BN $63.64)
  • $63.64 P/E (TTM): 101.34X Cap: $142.77B
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• Brookfield Asset Management Ltd. Class A Limited Voting Shares (BAM $79.42)
  • $79.42 P/E (TTM): 37.92X Cap: $130.06B
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Q: Hello Peter & Team: I am trying to trim down my financial holdings as I am spreading too thin, I'm currently retired and would like income with growth potential with 3 -5 years holdings time frame . Which of the above is most prefer to least prefer, and why.
Thank you for your great service , as always.

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Read Answer Asked by DAVID on June 21, 2023