Investment Q&A

Q: Sharing this for other investors in AXON, the question on Sep 3 RE: AXON's performance. For me personally, in addition to the points made by 5i I think AXON has a big moat and is quite sticky if you understand policing budgets. Their suite of products really helps police be more efficient and less lethal.

For anyone interested there was an excellent interview with AXON's founder and CEO on Bloomberg Business Daily here: (start at 3:30)

https://podcasts.apple.com/ca/podcast/bloomberg-businessweek/id393107187?i=1000721242388

Q: Hi 5i Team - Could you provide an update on Valeura including your take on its Q2 report. Please include insider ownership and any recent activity, its potential for growth, and anything else you think is significant. I am not sure whether to continue holding (small position) or take profits.
Thanks.

Q: Given Apple stocks recent upward momentum, and friendly chatter about Google in the US courts, where do you think Apple stock might get to for the end of the year?

Q: Do you see a benefit in owning a company, and then an ETF that writes covered calls on that company, such as SHOP and SHPE, or MSTR and MSTE in order to capture upside, and also get an income distribution? Please provide pros and cons, and if both owned, what sort of division - 50/50, 60/40 (asset/ETF) etc. - thanks!

Q: Time to move on. What is a suitable replacement in a well diversified portfolio outside materials? Dividend rate not an issue.

Q: Which international ETF do you like the best for a RESP account ? Money not needed for 10 years.

Thanks

Q: Hi,Please recommend global healthcare etfs(ex North America) that you like.
Thank you

Q: Hi, could you please report and comment on LULU earnings, forcasts and post market reaction ? thank you.

Q: Hi
The world seems to be so focused on stocks like GOOGL, APPL, NVDA, TSLA whereas I don’t see a lot of hype around SHOP.

In your mind does SHOP have the inherent appeal to grow at the same rate as the above stocks?
Would you please rank SHOP compared to the rest i.e 1-5,

Thanks

Q: I have a position in ENGH. With the recent quarters revealing slightly negative growth and no catalyst in sight, would you recommend moving on from this name? Hence, sell or hold?

Q: Thoughts on Lululemon Q results...and would you average down at $175sh... believe a 5 year low...thx, jb

Q: Hi, similar question for both of these stocks. I have a smaller position in both, I'm under about 20% and losing patience with both of them, although on paper they seem to be doing well! What might your views be on selling them at a loss and putting them into something with more growth, like NBIS (or do you have other suggestions if I were to reinvest)? I'm a non-resident, so cannot use the losses for tax purposes. Thank you.

Q: Hi 5i
Today the "Company announced it has partnered with Superstate to allow stockholders to tokenize and hold GLXY shares onchain....This milestone marks the first time a public company has tokenized its SEC-registered equity directly on a major blockchain. "

What does that mean and how do you view this transaction going forward ? Is it big positive or not and potential positive catalyst?

thx

Q: Can you comment on the Ewing Morris offer ;with conditions, at $3.80? The offer can be withdrawn anytime prior to closing. Of course you do not know how fragile the offer is but any comments would be appreciated. I own BTB.UN long term so taxable when sold. Thank you.

Q: Good morning- I notice that in recent questions about gold companies, EQX is not amongst your favourites. I hold EQX and AEM. Would I be better off selling EQX and either adding to AEM or a different company? If so, which do you suggest? Many thanks

Q: You have often commented that timing the market (bottom or top) is next to impossible and I do agree. In one of your recent updates you talked about the “Volatility Index” and it being an indicator of when you could step into the market and the level of volatility could provide some guidance when trying to buy the dip”.

Could you provide some commentary about the level of volatility and your thinking about how it can help determine when to step into the market?

Thanks
Tim

Q: Can I get your opinion on BTSG please? is the earnings projected to go up? Is it a good buy?

Q: Hello 5i,

A follow up to Willie’s question about a potential USD devaluation on Sept 03.

We have 50% of our RRSP and TFSA in USD. Investments outside of the US and Canada are in CDN though those investments are minimal. In the past, the suggested path was to own US stocks with US funds over using CDN dollars to purchase US stocks or purchasing CDR’s. Moving forward, is it prudent to slightly reduce USD exposure by having a combination of CDR’s and US stocks for US investments (i.e. 10k in MSFT CDR’s + 10k of MSFT in USD)?

We had purchased USD about 8 years ago with a plan to vacation in the US upon retirement though we decided to vacation elsewhere now with CDN dollars. A currency cost would apply to sell 10% of USD though we do not have costs to buy or sell. This change would only be applied to the largest positions (NVDA, GOOG, META, MSFT, BRK.B, WMT.)

5i always seem to be ahead of the curve in their investment strategies and we are humble beneficiaries from your knowledge.

Thank you for your insight.
D&J

Q: Could you comment on the Q2 results. Would you move to a full position based on results?

Q: Descartes just reported Q2 earnings. They have made 85 cents (US) for the 1st half of the year. Given that earnings are creeping up, maybe they make $1.75 or $1.80 this year. That would be about $2.40, $2.45 Cdn, something like that. The stock price is about 55 times that, giving it a very high p/e. I know it has always had a very high p/e. Earnings growth for the 1st half is only about 6%. I know DSG is a highly regarded business, they are pretty consistent, etc. but I am finding it hard to see the value of holding this stock with such sluggish growth compared to the very high p/e ratio. Seems it would be tough to see much price appreciation when the p/e is already so high and the growth is minimal. Is there reason to think the growth might be high enough in the next 2 -3 years to justify not only the current stock price, but a significantly higher price? I'm finding it difficult to justify continuing to hold a stock with a PEG ratio of about 9.