Investment Q&A

• CGI Inc. Class A Subordinate Voting Shares (GIB.A $130.82)
  • $130.82 P/E (TTM): 17.75X Cap: $29.78B
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• Restaurant Brands International Inc. (QSR $89.46)
  • $89.46 P/E (TTM): 23.11X Cap: $42.88B
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• Domino's Pizza Inc (DPZ $442.42)
  • $442.42 P/E (TTM): 25.97X Cap: $15.06B
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• Medpace Holdings Inc. (MEDP $428.79)
  • $428.79 P/E (TTM): 32.44X Cap: $12.09B
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• Topicus.com Inc. (TOI $183.00)
  • $183.00 P/E (TTM): 96.56X Cap: $23.76B
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Q: I'm asking for 5i's opinion on your current (5) best asset-light company ideas - Canadian and / or American - that have:

- financial stability

- strong competitive position today and into the future

- in a sector that is not threatened by disruption

- attractive valuation at today's prices

Hopefully not a lot to ask. Thanks for your service.

Upvote 24

Read Answer Asked by James on January 03, 2025

• Hess Corporation (CVX $153.16)
  • $153.16 P/E (TTM): 17.49X Cap: $266.81B
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• L Brands Inc. (LB)
  • P/E (TTM): 16.0X Cap: $21.04B
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• Marathon Petroleum Corporation (MPC $161.51)
  • $161.51 P/E (TTM): 23.27X Cap: $49.38B
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• Occidental Petroleum Corporation (OXY $43.59)
  • $43.59 P/E (TTM): 17.51X Cap: $41.86B
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• Texas Pacific Land Corporation (TPL $867.46)
  • $867.46 P/E (TTM): 47.96X Cap: $21.85B
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Q: What are your 3 best picks for near term growth of US oil and gas E&P for both large cap and mid cap stocks ?

Upvote 2

Read Answer Asked by Terry on January 03, 2025

• Paychex Inc. (PAYX $140.52)
  • $140.52 P/E (TTM): 30.46X Cap: $50.10B
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• CGI Inc. Class A Subordinate Voting Shares (GIB.A $130.82)
  • $130.82 P/E (TTM): 17.75X Cap: $29.78B
  • View GIB.A Profile
  • View Questions on GIB.A
  • View Reports on GIB.A
• Restaurant Brands International Inc. (QSR $89.46)
  • $89.46 P/E (TTM): 23.11X Cap: $42.88B
  • View QSR Profile
  • View Questions on QSR
• Domino's Pizza Inc (DPZ $442.42)
  • $442.42 P/E (TTM): 25.97X Cap: $15.06B
  • View DPZ Profile
  • View Questions on DPZ
• Medpace Holdings Inc. (MEDP $428.79)
  • $428.79 P/E (TTM): 32.44X Cap: $12.09B
  • View MEDP Profile
  • View Questions on MEDP
• Topicus.com Inc. (TOI $183.00)
  • $183.00 P/E (TTM): 96.56X Cap: $23.76B
  • View TOI Profile
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  • View Reports on TOI

Q: Operating metrics (FCF, ROE, margins, etc.) for PAYX seem quite strong - it seems to be an asset-light business, dividend grower and compounder. However, it's at the same price as 3 years ago and has been underperforming the S&P for the same period. Am I missing something? What are your thoughts for PAYX and is it worthwhile for initiating a position at some level you would suggest?

Upvote 4

Read Answer Asked by Michael on January 03, 2025

• Constellation Software Inc. (CSU $4,650.01)
  • $4,650.01 P/E (TTM): 100.04X Cap: $100.09B
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• Descartes Systems Group Inc. (The) (DSG $140.93)
  • $140.93 P/E (TTM): 65.25X Cap: $12.23B
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• Tamarack Valley Energy Ltd. (TVE $5.34)
  • $5.34 P/E (TTM): 11.49X Cap: $2.71B
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• Hammond Power Solutions Inc. Class A Subordinate Voting Shares (HPS.A $132.00)
  • $132.00 P/E (TTM): 19.09X Cap: $1.50B
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• Vitalhub Corp. (VHI $13.59)
  • $13.59 P/E (TTM): 302.89X Cap: $758M
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• WELL Health Technologies Corp. (WELL $4.79)
  • $4.79 Cap: $1.18B
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• CrowdStrike Holdings Inc. (CRWD $425.00)
  • $425.00 Cap: $105.93B
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• Cellebrite DI Ltd. (CLBT $13.82)
  • $13.82 Cap: $3.31B
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• Propel Holdings Inc. (PRL $36.62)
  • $36.62 P/E (TTM): 18.35X Cap: $1.42B
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• Lumine Group Inc. (LMN $52.57)
  • $52.57 Cap: $13.49B
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Q: I have these companies in equal amounts in my TFSA.With an additional $18k to invest,which ones would you add to at this time or would you prefer others. I am 74 and plan to live to be 100,which is my mother’s age! I hope to eventually shoot my age(golf).
Thank your exceptional advice and Happy New Year,

Upvote 38

Read Answer Asked by Allen on January 03, 2025

• Biorem Inc. (BRM $2.05)
  • $2.05 P/E (TTM): 14.0X Cap: $33M
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Q: what do you think about the potential of this company and do you know why the big price drop today?

Upvote 2

Read Answer Asked by Gary on January 03, 2025

• DraftKings Inc. (DKNG $45.20)
  • $45.20 Cap: $22.43B
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• Flutter Entertainment Plc (FLUT $306.07)
  • $306.07 Cap: $53.94B
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Q: Considering to initiate a position into Draftking. Which one do you prefer between it and Flutter and why?

Happy mew year to all the team and others members!

Upvote 3

Read Answer Asked by Francois on January 03, 2025

• NVIDIA Corporation (NVDA $180.77)
  • $180.77 P/E (TTM): 57.5X Cap: $4.37T
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• Booking Holdings Inc. (BKNG $5,432.10)
  • $5,432.10 P/E (TTM): 34.03X Cap: $179.43B
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• Dollarama Inc. (DOL $193.04)
  • $193.04 P/E (TTM): 44.0X Cap: $53.78B
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• Brookfield Renewable Partners L.P. (BEP.UN $34.89)
  • $34.89 Cap: $22.96B
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• Shopify Inc. Class A Subordinate Voting Shares (SHOP $207.56)
  • $207.56 P/E (TTM): 104.82X Cap: $276.10B
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• Constellation Energy Corporation (CEG $336.41)
  • $336.41 P/E (TTM): 36.2X Cap: $106.07B
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Q: Happy New Year to all 5i staff.

What are your top 3 picks in Canada and the US for 2025?

Thank you for all you do!

Upvote 32

Read Answer Asked by Marty on January 03, 2025

• Quisitive Technology Solutions Inc. (QUIS $0.56)
  • $0.56 Cap: $155M
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Q: Another company agrees to a low sellout price .Owners only one gets rich on this sale

Upvote 5

Read Answer Asked by Don on January 03, 2025

• Novo Nordisk A/S (NVO $48.76)
  • $48.76 P/E (TTM): 13.32X Cap: $363.68B
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Q: Hi Folks

I believe Novo Nordisk is Danish. If I was to buy Novo Nordisk on the US exchange (NONOF:OTC PINKl what kind of withholding tax should I expect on the dividend. And should I hold it in the RRSP to avoid this tax?

Thanks

Stuart

Upvote 4

Read Answer Asked by Stuart on January 03, 2025

• Lumine Group Inc. (LMN $52.57)
  • $52.57 Cap: $13.49B
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Q: If the market spooks with the news of the sudden CEO leave of absence would you be a buyer and at what price?
Thks

Upvote 16

Read Answer Asked by Robert on January 03, 2025

• iShares Russell 2000 Growth ETF (IWO $291.06)
  • $291.06 P/E (TTM): 4.55X Cap: $11.74B
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• BMO S&P 500 Index ETF (ZSP $95.36)
  • $95.36 P/E (TTM): 57.09X Cap: $19.02B
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• iShares Core Canadian Universe Bond Index ETF (XBB $28.09)
  • $28.09 Cap: $8.18B
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• iShares Core S&P/TSX Capped Composite Index ETF (XIC $44.33)
  • $44.33 P/E (TTM): 5.94X Cap: $18.15B
  • View XIC Profile
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• Vanguard Dividend Appreciation FTF (VIG $206.01)
  • $206.01 P/E (TTM): 51.22X Cap: $90.53B
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• Vanguard Balanced ETF Portfolio (VBAL $34.91)
  • $34.91 P/E (TTM): 20.32X Cap: $3.72B
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Q: My wife has some money should would like to invest in eft. Which ones would you recommend.

Upvote 7

Read Answer Asked by Mike on January 03, 2025

• Ondas Holdings Inc. (ONDS $3.25)
  • $3.25 Cap: $457M
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Q: Came across this small US company who's subsidiary Airobotics has been awarded a new deal from an undisclosed semiconductor company to leverage their fleet of drones for aerial security purposes.
Could you please give me any information on this info if possible and would you provide any analysis you have on this company?
Thank as always
Gary

Upvote 1

Read Answer Asked by Gary on January 03, 2025

• Intermap Technologies Corporation (IMP $3.14)
  • $3.14 P/E (TTM): 76.42X Cap: $188M
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• Medicenna Therapeutics Corp. (MDNA $1.01)
  • $1.01 Cap: $81M
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• Perpetua Resources Corp. (PPTA $23.80)
  • $23.80 Cap: $1.69B
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• Anaergia Inc. (ANRG $1.36)
  • $1.36 Cap: $232M
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Q: Big speculative winners this year. Any merit for continuation in 2025? Thanks...

Upvote 1

Read Answer Asked by Bruce on January 03, 2025

• BCE Inc. (BCE $32.66)
  • $32.66 P/E (TTM): 77.26X Cap: $29.49B
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Q: While reviewing the purchasing/selling by insiders I noted some transactions as derivative buy or sale by BCE. The type of securities were identified also as "equity swap-long position".
Can you please clarify what the terms "derivative buy" and "equity swap" mean ?
Thank you

Upvote 7

Read Answer Asked by Terry on January 03, 2025

• Alphabet Inc. (GOOG $197.28)
  • $197.28 P/E (TTM): 21.8X Cap: $2.38T
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Q: Hi 5i wonder team,
If you have fund to invest in only one US stock in 2025, what is your choice?

Upvote 32

Read Answer Asked by Henry on January 03, 2025

• Deckers Outdoor Corporation (DECK $101.89)
  • $101.89 P/E (TTM): 16.7X Cap: $15.11B
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Q: Hello Peter and team,

Early December, you said DECK trades at 34X forward earnings, a bit expensive but you like it.

Looking at technicals, it is way above the 200 daily moving average. After the big run it has had for the last 2 years, do you think it would be better to wait before buying, expecting it to retrace back to the 200 DMA?

Do you think it still has room to go higher? What would be your target price?

Thank you!

Silvia

Upvote 2

Read Answer Asked by Silvia on January 03, 2025

• Rumble Inc. (RUM $8.05)
  • $8.05 Cap: $3.56B
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Q: Good morning 5i team,
Rumble has recently made a huge deal with Tether. What are your thoughts on the recent parabolic rise in the stock? Do you see Rumble as a potential threat to Youtube?

Upvote 1

Read Answer Asked by Rob on January 03, 2025

Q: Many are feeling the market is high. Certainly, we can't expect another year of 20% growth.

I'm interested in a strategy of maintaining those gains. Does that mean pulling money out of stocks that seem overgrown, or does it mean investing new money into areas that have not been part of the recent rise.

What sectors do you think these are? I nominate well-known companies (especially tech and giants like Costco) as overgrown even if they are good companies, and energy and small cap as part of the second group.

How does this compare with your thinking?

Upvote 23

Read Answer Asked by Kevin on January 03, 2025

• Restaurant Brands International Inc. (QSR $89.46)
  • $89.46 P/E (TTM): 23.11X Cap: $42.88B
  • View QSR Profile
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• A&W Revenue Royalties Income Fund (AW.UN $36.93)
  • $36.93 P/E (TTM): 17.7X Cap: $538M
  • View AW.UN Profile
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• Boston Pizza Royalties Income Fund (BPF.UN $19.74)
  • $19.74 P/E (TTM): 21.41X Cap: $483M
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• Pizza Pizza Royalty Corp. (PZA $16.03)
  • $16.03 P/E (TTM): 34.24X Cap: $525M
  • View PZA Profile
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Q: Pizza Pizza and Boston Pizza's price history and dividend payouts seem to have been reasonably stable for more than one year. I know you prefer AW.UN but are the other two ok for income? QSR looks too pricey and has a low dividend. What do you recommend?

Upvote 3

Read Answer Asked by Jean on January 03, 2025

Q: I have owned this pref for some time...I find it difficult to find info on US PFD"s...my question is do these have a reset feature like CDN Pfd's and similar call features or should one just consider them perpetual pfd's...many thanks

Upvote 1

Read Answer Asked by Cam on January 03, 2025