Investment Q&A

Q: Hello, I need to liquidate some of the stocks listed. Disregarding sector diversification, in what order should I do this? Thanks for your help.

Q: Hi Peter and Ryan,

Well continues to drift lower daily. Today it actually ended even (maybe due to the Scotia interview). I see their business mix as both benefiting from the secular tech tailwind and cyclical reopening tailwind.

Today the stock dipped below $7. This is almost 29% lower than the upsized equity offering. Couple questions:

1). How does this effect those large investors that are “holding the bag”? Could the upsizing be at risk?

2) How low can this company continue to drift? At what point if any are you saying this is insane and buy more?

Thank you.

Q: Can you reflect on why Well has dropped so much lately. Also what are your feelings on it's future?
Thanks.

Q: Would you be adding to a well position at this time?

Q: Could you recommend 2-3 growth stocks traded on CDN exchanges that would be a good fit for a medium term TFSA investment? Thanks.

Q: In your answer to David, you state that WELL had a positive EBITDA, yet when I bring up the profile, the EBITDA MARGIN shows negative -8%. Is the EBITDA reference in the answer to David different from EBITDA MARGIN % ? 5i refers to EBITDA a lot in your answers and I notice BNN guests do also. I notice that, with the exception of AC (Air Canada), all the stocks in the BE PORTFOLIO have positive EBITDA MARGINS. In contrast, some of the US stocks everybody keeps asking you about have a negative EBITDA MARGIN: AFRM, CRWD, U, and PLTR is a whopping -115%. So when you warn this humble subscriber that a stock is risky, how useful is it to look up the EBITDA MARGIN? For example, how should I interpret XBC having an EBITDA MARGIN at +1.8%, or DFLY at -199.5%

Q: My question is on WELL’s recent earnings report. With a revenue run rate of $300M, doesn’t this give WELL a forward-looking P/S ratio of less than 5? This sounds incredibly cheap for a high-growth, small cap company. What am I missing? Trailing revenue run rate was only $50M. Has the big jump in revenue already been priced in?

Q: I’m adding to a partially established portfolio (growth-oriented, long-term). I’m interested both in taking advantage of the recent tech downturn (although not too much, as I’m already somewhat tech-heavy) and in further diversifying. Two questions:

1. I own partial positions in the following securities and am looking to add more. Could you rank them in your order of preference for purchasing now? Any you’d avoid buying now?

WELL, SHOP, ATZ, STC, PHO, ENGH, KXS

2. I’m considering buying positions in the following new securities (not easily comparable, I know), with a view to diversity and growth, as well as US exposure. Could you rank them in order of preference for purchasing now? Any you’d avoid buying now?

BNS, SLF, PLC, MG, LAC, REAL, TFII, NVDA.US, ROKU.US, SQ.US

Thanks for your great work and please feel free to dock me for two questions.

Chris

Q: I have a half position in each of the above stocks.
Would you add to any of them at this level to take them to a full position? Would you sell any of them at this level? I have a five year time frame.

Q: 5i team, can you help me understand how to interpret the numbers associated with some of these high flying growth stocks discussed in this forum on a regular basis?
Let's take WELL as an example of many. Mkt cap 1.3B/Rev.42.9M/EPS -.07/Price-sales 30.6/ Op Mgn -22.3%
So, my question is, what is the path to WELL growing into this market cap, or any of the other key metrics? Or am I asking the wrong question?

Thanks for your help.

Q: Hi Team,

Can you comment on the quarter out of Well?

Thanks!

Q: If you were to invest in just one of these companies, which one would you choose and why?

Q: Hi, before you mentioned that we should keep small cap positions to around 3%. Ahead of WELL earnings, my WELL position is closing in on 5%. Is this reasonable or too aggressive? I can handle some volatility and I am a long term growth investor. I see in your growth portfolio WELL is over 5% now. Would you look to trim back to around 3% or maintain the 5% position? Thanks!

Q: Hi,

If not already asked, what is expected of Well Q4 and FY tomorrow (18th)?
How might this compare to prior quarter (Q3) and prior FY numbers?
Just looking for the % increases or numbers to validate their growth story.

Cheers,
Steve

Q: Retired, dividend-income investor. I am in the process of trimming my way out of Shaw (held in my TFSA) and looking at where to deploy the funds as they become available over time. I know WELL is not the same risk as SJR, but I am considering it.

However I really focus on asset allocation. I see WELL listed as Healthcare as well as Technology. Is it a hybrid? My tracking system has no problem with splitting it up into either or both sectors. As an example TC Energy, as a pipeline, is categorized as both a Utility as well as Energy. I believe it is a Utility, but because it seems to trade more like Energy stocks. I go 50-50.

I could do the same with WELL. What portion of their business is technology? Is any part of their business related to the Telecom sector? If I was forced to pick one sector, I'd go with Healthcare. Your thoughts?

Thanks....Steve

Q: Hi, with the announcement of Dialogue's future IPO, can you explain the differences between these 4 companies? Also, do you know the date of Dialogue's IPO?

Thank you
André

Q: I have money ($30K) to reinvest in my TFSA. I am heavily overweight in technology (28.5%) and overweight in consumer cyclicals (13%) in my overall portfolio. My wife and I own the above stocks in our TFSA. Could you give me your best 3-5 suggestions for addition(s), avoiding high risk companies? Thanks for the great service.

Q: So working in the finance industry, when it comes to business valuation, I know private health clinics get very low multiples. If Well is continues to consolidate in a space where now one else is and provides technological efficiencies. Even if they are just able to capture the majority of market share in Canada, could the potential upside be the sky?

Q: What would your thoughts be on the dialogue health ipo? How would they compare with well health?
Thanks

Q: In a broadly diversified portfolio, for a risk tolerant investor, how would you rate these stocks on a 1 - 10 scale, with a "10" meaning for sure you want this stock in your portfolio, and a "1" being you absolutely do not want this stock in your portfolio. Long term time horizon, looking for growth. AT, CTS, DCBO, DOC, DND, NVEI, TIXT, WELL, WISH.