Investment Q&A

Q: If one believed that now was a good time to start picking away at beaten up stocks, how much should the fear of tax loss selling in the next 6 weeks weigh on the decision of whether or not to buy now or wait? Probably not a great way to invest pitting the fear of short term loss against fomo. Could you also highlight 10 or 12 Cdn stocks that in your opinion are the most vulnerable to taking a big tax loss selling hit this year. Thank you.

Q: Not sure if I understand correctly the transactions by insiders during the last few months. The corporation has bought and sold large amounts of shares. Individuals have bought and sold some as well. Looking at the overall number of shares traded I am not so sure that the result is positive. A second question is about the forcasts for next year (02/25) profit more than double. Is that realistic in your opinion and if so the stock is currently selling at 13 X next year's PE. I'm underwater in a registered account so no tax selling benefit. Buy more ? Wait for the next earnings release?

Thank you for your great advise.

Yves

Q: Between ATZ & INMD I best just pack everything in and switch to low cost ETF's.

Q: My Consumer Descretionary % is a bit low.

1. I'm a little gun shy buying this sector right now due to economy slowing in the face of higher interest rates. It seems the consumer may be struggling here for awhile. Would you bump up a low sector waiting right now or just wait 6-12 months?

2. How would you currently rank the following watchlist for capital appreciation over the next year+? Are there some you would not really consider Consumer Descretionary - seems to be quite a range of business.


SHOP, QSR, ATZ, DOO, TSLA, MG, AMZN, ULTA, CELH, BKNG, GLBE, CROX.

Q: Could we get your thoughts on their 1/4 please?

Q: Thoughts before they report tomorrow? I know high inventory was an issue but I understand that they do an annual "warehouse sale" in August... should the presumed decrease in inventory overcome the haircut they'll take on the sales in terms of market reaction?

I'm asking you to predict the future a bit here, I know.

Q: Hi, I was wondering if I can get your opinion on these stocks I'm holding losses on ATZ down 50%, ENPH down 25%, CROX down 25% and GSY down 20%.
I did tax loss selling last year in late December which bit me hard when the stocks took off in January with me sitting on the sidelines. Should I consider selling any of these now with the intention of buying back in 30 days and harvesting the tax loss? If so which would you suggest selling and which would you buy back? Short of that would you suggest averaging down on any of these instead? Thanks in advance! Take as many credits as you wish.

Q: ATZ: No nothing about this stock other than it is a retail clothing store that has lost a lot of value. I own nothing in this group other than CTC.A which I bought at crazy low price in 2020 and still hold in a small position. Please enlighten me as to it's fall from grace - the whys and what needs to happen for it to gain momentum again. Thinking about a small position?

Q: Hi, these are my stocks that are currently down, and would like to do some weeding,and tax loss planning.
I would like to sell one outright, sell three to half position, and maybe keep the remaining position.
The idea is to acquire cash to slowly add to my more stable holdings like ( BN:SLF: CSU etc.).
Thanks, and appreciate your feedback and opinions.

Q: Lots of insider buying by CEO and others. Can you see this as well?

Thx

Q: Value shopper here with interest of buying and forgetting about stocks on sale with solid future potential. Are these 3 of the best for this strategy. Would you add ECN to the pile and are there others???

Q: Argh!! Not a good day on the quarterly earnings front for some of these names in my portfolio. After recent developments, would you still consider these names still a add/hold/sell?

I know hindsight is 20/20 but sometimes I wonder why I didn't put more of my capital into a stock like Constellation, which is just best in class and steady, rather than into these other names. I currently have a large position in CSU and others which largely offset these losses, but waking up to these drops of 20-30% are getting really irritating, but I understand this is the how it is. No pain, no gain! Thank you!

Q: These 9 companies are the holdings in a growth oriented Canadian TFSA. The intent was for them to be long-term holds. However, NVEI, ILLM and LSPD are all down over 50% and some so rejigging is being considered.

Would you consider any of them to be a SELL?

Of the 9, which 2 would you be least inclined to keep in the portfolio and why? Please suggest potential replacements.

Please rate (1-10) the remaining 7 for additional money today.

Thank you,

Peter.

Q: How would you rank these current and 2-3year potential. All except TOI look to be massively discounted versus previous performance. Possible multi baggers?

Q: Both Aritzia and Canada Goose have seen a drop in their share prices recently. I am interested in investing in one of them for the long term. Which one do you think has a better growth potential and why?

Q: Would you buy ATZ below 20$.?

Q: This is a portfolio management question. I help manage my retired sister’s stock portfolio; it consists of 36 generally high-quality companies, with focus on Canadian dividend-paying stocks (as she benefits from favourable taxation of eligible dividends); the portfolio has done very well over the years (thanks to advice from 5i); the philosophy is generally "buy-and-hold" with minimal turnover. Portfolio breakdown is roughly 60% Canadian (many with U.S./international focus, e.g., TD, RBI, TRI, etc.), 30% US, 10% foreign. All 36 stock holdings are 2.0-5.0% positions (median weight, 2.7%), except Aritzia (ATZ), which due to declining share price is down to only 1.4% weight. My question is: what to do with a stock like Aritzia? the portfolio management style would be to add to this position, given that it is fallen a lot, and the expectation is that it will recover, and potentially do quite well, in the long-term. On the other hand, there is a risk of continuing bad performance, and one doesn’t want to add good money after bad (the ATZ cost base is already near the median for the 36-stock portfolio). So, from a portfolio management perspective, how would you handle such a stock that has fallen quite a bit below the 2.0-5.0% target weighting of the rest of the portfolio. (Further, it doesn’t pay a dividend, either.)

Ted

Q: In an earlier question asking whether it would be wise to buy atz now, you said you would hold if you owned it or wait till the dust settles, if you don’t. I have been thinking about taking a tax loss on it. The idea was to buy it in my rif, wait one month and then sell it in my non registered account. A lot can happen in a month, though, and i hesitate, wondering whether i should buy a place holder. I am a bit leery of Canada Goose, though. Perhaps i don’t even have to be in that sector for a place holder. Wondering about your thoughts on this?
Thanks as always

Q: Hello 5i
First, thank you for your excellent service and guidance! I am retired, looking for income and growth. Following are my questions.

1) What do you think of VCNS? Could you suggest an alternative. I presently have a half position in VCNS.
2) At this time would you still recommend a 4.5% position in ATZ?
3)I am down about 30% with MMM. Is there a better place for these funds?
4) I am down 11% with CLF. What has to happen( with interest etc.) to recoup this loss?

Thank you, Bill

Q: I own both in a registered account. Do you think selling one and topping up the other would make sense? If yes, which to sell?