Investment Q&A

• iShares Interest Rate Hedged High Yield Bond ETF (HYGH $85.90)
  • $85.90 Cap: $425M
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Q: Hi Team
Would you advise HYGH as a small position (2-5%) for RIF income. With the rise in interest rates , its hedging seems to have protected its unit value and should continue to do so if there are further increments upward or is it just too risky for an older guy. Best Regards. gary

Upvote 7

Read Answer Asked by Gary on November 08, 2023

Q: a) Is it risky to purchase a corporate Bail-in Bond? Even if they have been rated as A or A-?
b) Can you explain what a bail-in bond means from the purchaser’s (my) point of view?

Upvote 2

Read Answer Asked by Graeme on November 08, 2023

• Veren Inc. (VRN $9.14)
  • $9.14 P/E (TTM): 19.56X Cap: $5.63B
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Q: CPG:CA has been on trend with other Canadian producers, that is to say they are returning a significant portion of their FCF to shareholders. This also implied limited expansion and debt reduction.
How does their latest acquisition fit with this philosophy, and is the company still focused on its core objectives?

Upvote 10

Read Answer Asked by Denis on November 08, 2023

• WELL Health Technologies Corp. (WELL $4.79)
  • $4.79 Cap: $1.18B
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Q: Hi Peter,

WELL Health will be reporting 3rd Qtr next week. Can you provide Revenue and EBIDTA estimates.

Thank you

Upvote 11

Read Answer Asked by Frank on November 08, 2023

• Exchange Income Corporation (EIF $67.48)
  • $67.48 P/E (TTM): 27.15X Cap: $3.41B
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Q: Time for another dividend hike and another record quarter at earnings release Thursday after hours?

Upvote 15

Read Answer Asked by Alan on November 08, 2023

• TKO Group Holdings Inc. Class A (TKO $160.74)
  • $160.74 P/E (TTM): 82.97X Cap: $32.34B
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Q: What are your thoughts on this company? I currently own Endeavour that owns 51% of TKO. Thanks as always for your advice.

Upvote 2

Read Answer Asked by Nigel on November 08, 2023

• Canadian National Railway Company (CNR $127.07)
  • $127.07 P/E (TTM): 17.85X Cap: $80.76B
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• Suncor Energy Inc. (SU $53.62)
  • $53.62 P/E (TTM): 10.92X Cap: $66.17B
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• Fortis Inc. (FTS $69.84)
  • $69.84 P/E (TTM): 20.98X Cap: $34.76B
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• Tourmaline Oil Corp. (TOU $58.22)
  • $58.22 P/E (TTM): 14.49X Cap: $21.70B
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• WSP Global Inc. (WSP $274.47)
  • $274.47 P/E (TTM): 52.11X Cap: $37.12B
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• Lundin Mining Corporation (LUN $15.65)
  • $15.65 Cap: $12.28B
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• Agnico Eagle Mines Limited (AEM $186.63)
  • $186.63 P/E (TTM): 23.02X Cap: $93.56B
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• Nutrien Ltd. (NTR $76.56)
  • $76.56 P/E (TTM): 55.55X Cap: $37.32B
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• Brookfield Corporation Class A Limited Voting Shares (BN $89.30)
  • $89.30 P/E (TTM): 241.4X Cap: $153B
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Q: Hi Peter and 5i Team,

From this list of 9 stocks to own in a RRSP for 10+ years, how would you rank them in terms of starting a position today?

Thanks again for the great work that you do.

Upvote 35

Read Answer Asked by Marvin on November 08, 2023

• High Arctic Energy Services Inc. (HWO $0.86)
  • $0.86 Cap: $10M
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Q: Please provide an update on HWO.
Thanks

Upvote 2

Read Answer Asked by Harpinder on November 08, 2023

• Home Depot Inc. (The) (HD $386.17)
  • $386.17 P/E (TTM): 26.16X Cap: $384.83B
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• Lowe's Companies Inc. (LOW $238.56)
  • $238.56 P/E (TTM): 19.64X Cap: $133.54B
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• Acadian Timber Corp. (ADN $17.81)
  • $17.81 P/E (TTM): 16.21X Cap: $320M
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• Floor & Decor Holdings Inc. (FND $79.67)
  • $79.67 P/E (TTM): 43.68X Cap: $8.58B
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• TopBuild Corp. (BLD $413.17)
  • $413.17 P/E (TTM): 20.68X Cap: $11.37B
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• NVR Inc. (NVR $7,830.44)
  • $7,830.44 P/E (TTM): 16.3X Cap: $23.01B
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• West Fraser Timber Co. Ltd. (WFG $98.92)
  • $98.92 Cap: $7.85B
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Q: Please provide best “lower risk” investment ideas given the housing shortage in Canada and USA?

Upvote 1

Read Answer Asked by Geoffrey on November 08, 2023

Q: Hi
Are you familiar with Treasury Wine Estates (Australian) and if so could you offer any opinion on them. They are trying to position themselves in the higher end segment in the US specifically. I expect this is to overcome the issues/interference they've encountered with sales / expansion in China.
Thanks for any opinion even if it is "Nope never heard of 'em".
Make question public if you see fit.

Upvote 1

Read Answer Asked by mike on November 08, 2023

• Cisco Systems Inc. (CSCO $69.90)
  • $69.90 P/E (TTM): 27.56X Cap: $274.07B
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• QUALCOMM Incorporated (QCOM $145.90)
  • $145.90 P/E (TTM): 14.17X Cap: $157.36B
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Q: Hi 5i
I'm currently overweight Tech (according to PA) but not overly concerned about it. In order to free up some cash which of QCOM and CSCO would you reduce first/eliminate completely ? The purpose being to have ready funds for bulking up smaller positions in other sectors before year end (maybe).
Do nothing is always an option as well as each have their merits.
Thanks

Upvote 4

Read Answer Asked by mike on November 08, 2023

• Dream Industrial Real Estate Investment Trust (DIR.UN $12.16)
  • $12.16 P/E (TTM): 27.37X Cap: $3.55B
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Q: Please comment on Q results and going forward.Txs for U usual great services & views

Upvote 16

Read Answer Asked by Peter on November 08, 2023

• iShares Core S&P/TSX Capped Composite Index ETF (XIC $44.33)
  • $44.33 P/E (TTM): 5.94X Cap: $18.15B
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• Vanguard FTSE Developed All Cap ex North America Index ETF (VIU $39.61)
  • $39.61 P/E (TTM): 20.98X Cap: $6.33B
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• Vanguard S&P 500 Index ETF (VFV $154.62)
  • $154.62 P/E (TTM): 59.73X Cap: $24.14B
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Q: Hi Peter,
I am helping my kids who are in the mid-twenties to invest. The funds will be in RRSP & in TFSA for long term. Would you please recommend a list of ETFs and/or Stocks to invest in for growth. I would like to have the portfolio diversified globally and invested into various sectors.
Thank you,

Upvote 13

Read Answer Asked by Roger on November 08, 2023

• Restaurant Brands International Inc. (QSR $89.46)
  • $89.46 P/E (TTM): 23.11X Cap: $42.88B
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Q: Please provide your take on the quarterly results. Thank you.

Upvote 9

Read Answer Asked by Larry M. on November 08, 2023

• Alphabet Inc. (GOOG $197.28)
  • $197.28 P/E (TTM): 21.8X Cap: $2.38T
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• AbbVie Inc. (ABBV $198.86)
  • $198.86 P/E (TTM): 84.85X Cap: $346.77B
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• Bank of Nova Scotia (The) (BNS $76.70)
  • $76.70 P/E (TTM): 16.06X Cap: $95.19B
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• Constellation Software Inc. (CSU $4,650.01)
  • $4,650.01 P/E (TTM): 100.04X Cap: $100.09B
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• Fortis Inc. (FTS $69.84)
  • $69.84 P/E (TTM): 20.98X Cap: $34.76B
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• Franco-Nevada Corporation (FNV $235.54)
  • $235.54 P/E (TTM): 53.76X Cap: $45.29B
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• ARC Resources Ltd. (ARX $27.66)
  • $27.66 P/E (TTM): 12.15X Cap: $6.05B
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• WSP Global Inc. (WSP $274.47)
  • $274.47 P/E (TTM): 52.11X Cap: $37.12B
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• Stantec Inc. (STN $149.48)
  • $149.48 P/E (TTM): 45.74X Cap: $17.31B
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• Brookfield Asset Management Ltd. Class A Limited Voting Shares (BAM $83.78)
  • $83.78 P/E (TTM): 44.55X Cap: $139.53B
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Q: I have held the above stocks in my open account for several years. All stocks have shown a positive return except for BNS which is down approximately 20%. I have some cash to invest in the market and would like to purchase additional shares in some of these companies for a 3 to 5 year investment. Please rate the potential growth of these companies and rank the companies based upon the projected growth over the next 3 to 5 years. Thank you

Upvote 21

Read Answer Asked by Don on November 08, 2023

• Xebec Adsorption Inc. (XBC $0.51)
  • $0.51 Cap: $78M
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Q: Peter and His Wonder Team
Please give me the status of this company. I believe they are in receivership or have gone bankrupt as they have not traded for some time. I trust there is no possibility of them coming back and it is a total tax loss!
Thank you for the clarification.

Upvote 4

Read Answer Asked by Ernest on November 08, 2023

• Bank of Nova Scotia (The) (BNS $76.70)
  • $76.70 P/E (TTM): 16.06X Cap: $95.19B
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• Bank of Montreal (BMO $154.83)
  • $154.83 P/E (TTM): 13.67X Cap: $111.71B
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• BCE Inc. (BCE $32.66)
  • $32.66 P/E (TTM): 77.26X Cap: $29.49B
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• Rogers Communications Inc. Class B Non-voting Shares (RCI.B $46.29)
  • $46.29 P/E (TTM): 17.24X Cap: $24.25B
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• SmartCentres Real Estate Investment Trust (SRU.UN $25.75)
  • $25.75 P/E (TTM): 15.04X Cap: $4.57B
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• Capital Power Corporation (CPX $59.09)
  • $59.09 P/E (TTM): 17.63X Cap: $8.28B
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• Brookfield Infrastructure Partners L.P. (BIP.UN $41.57)
  • $41.57 P/E (TTM): 524.69X Cap: $27.83B
  • View BIP.UN Profile
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• Sienna Senior Living Inc. (SIA $18.46)
  • $18.46 P/E (TTM): 43.62X Cap: $1.70B
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• iShares S&P/TSX Composite High Dividend Index ETF (XEI $28.96)
  • $28.96 P/E (TTM): 25.12X Cap: $2.10B
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• Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY $52.88)
  • $52.88 P/E (TTM): 9.2X Cap: $4.09B
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• First Capital Real Estate Investment Trust (FCR.UN $18.77)
  • $18.77 P/E (TTM): 20.52X Cap: $3.98B
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Q: Can you please provide proxies for tax loss selling for the above noted stocks/ETFs
Please deduct as many credits as necessary.
Thanks for your insight.

Upvote 7

Read Answer Asked by Terry on November 08, 2023

• Ensign Energy Services Inc. (ESI $2.20)
  • $2.20 Cap: $397M
  • View ESI Profile
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Q: In an answer to a recent question on Market Call on Ensign Energy Services the guest stated that ESI will have free cash flow of $200 million this year which works out to be half of its market cap of about $400 million. This seems to be a pretty good situation but I feel that I must be missing something here. What is the debt and is it a concern, Is new drilling likely to gain traction over the next couple of years. What do insiders hold and are they buying. Do you have any ideas on why this stock has not really done much over the last few years.. Thanks.

Upvote 2

Read Answer Asked by Rob on November 08, 2023

• AT&T Inc. (T $28.06)
  • $28.06 P/E (TTM): 17.04X Cap: $196.56B
  • View T Profile
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• Royal Bank of Canada (RY $182.12)
  • $182.12 P/E (TTM): 19.47X Cap: $256.22B
  • View RY Profile
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• BCE Inc. (BCE $32.66)
  • $32.66 P/E (TTM): 77.26X Cap: $29.49B
  • View BCE Profile
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• Algonquin Power & Utilities Corp. (AQN $5.92)
  • $5.92 Cap: $4.53B
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• Brookfield Renewable Partners L.P. Limited Partnership Units (BEP $25.45)
  • $25.45 Cap: $16.93B
  • View BEP Profile
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• Brookfield Infrastructure Partners LP Limited Partnership Units (BIP $30.27)
  • $30.27 P/E (TTM): 524.69X Cap: $20.23B
  • View BIP Profile
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Q: I am starting to plan for year end tax losses taking. Although these companies pay good dividends, I have capital losses greater than the dividend income. Do you have any thoughts on the potential of these companies to recover in 2024.

Upvote 5

Read Answer Asked by Nancy on November 08, 2023

• Enbridge Inc. (ENB $64.76)
  • $64.76 P/E (TTM): 23.81X Cap: $140.87B
  • View ENB Profile
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Q: Hi Guys
You really like enb but aren,t concerned with the level of
debit they have and are going too have. I have 14% overall
Bob

Upvote 19

Read Answer Asked by bob on November 07, 2023