Investment Q&A

• Home Depot Inc. (The) (HD $398.92)
  • $398.92 P/E (TTM): 27.65X Cap: $403.32B
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• Lowe's Companies Inc. (LOW $247.64)
  • $247.64 P/E (TTM): 20.78X Cap: $140.94B
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• Acadian Timber Corp. (ADN $16.25)
  • $16.25 P/E (TTM): 20.98X Cap: $297M
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• Floor & Decor Holdings Inc. (FND $72.96)
  • $72.96 P/E (TTM): 38.57X Cap: $7.93B
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• TopBuild Corp. (BLD $392.21)
  • $392.21 P/E (TTM): 19.37X Cap: $10.99B
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• NVR Inc. (NVR $8,055.65)
  • $8,055.65 P/E (TTM): 17.12X Cap: $23.05B
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• West Fraser Timber Co. Ltd. (WFG $94.24)
  • $94.24 Cap: $7.46B
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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 $68.34)
  • $68.34 P/E (TTM): 26.56X Cap: $270.47B
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• QUALCOMM Incorporated (QCOM $165.31)
  • $165.31 P/E (TTM): 15.97X Cap: $179.50B
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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 $12.45)
  • $12.45 P/E (TTM): 25.75X Cap: $3.63B
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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 $48.05)
  • $48.05 Cap: $19.47B
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• Vanguard FTSE Developed All Cap ex North America Index ETF (VIU $41.84)
  • $41.84 P/E (TTM): 0.19X Cap: $6.98B
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• Vanguard S&P 500 Index ETF (VFV $165.96)
  • $165.96 P/E (TTM): 28.49X Cap: $26.39B
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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 $91.29)
  • $91.29 P/E (TTM): 24.85X Cap: $41.52B
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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 $246.09)
  • $246.09 P/E (TTM): 26.05X Cap: $2.95T
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• AbbVie Inc. (ABBV $243.73)
  • $243.73 P/E (TTM): 106.78X Cap: $409.02B
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• Bank of Nova Scotia (The) (BNS $90.19)
  • $90.19 P/E (TTM): 17.35X Cap: $111.72B
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• Constellation Software Inc. (CSU $3,853.39)
  • $3,853.39 P/E (TTM): 93.02X Cap: $80.06B
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• Fortis Inc. (FTS $70.60)
  • $70.60 P/E (TTM): 20.51X Cap: $35.54B
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• Franco-Nevada Corporation (FNV $311.14)
  • $311.14 P/E (TTM): 54.2X Cap: $59.69B
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• ARC Resources Ltd. (ARX $25.71)
  • $25.71 P/E (TTM): 6.1X Cap: $14.84B
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• WSP Global Inc. (WSP $274.48)
  • $274.48 P/E (TTM): 44.06X Cap: $35.69B
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• Stantec Inc. (STN $151.66)
  • $151.66 P/E (TTM): 38.71X Cap: $17.12B
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• Brookfield Asset Management Ltd. Class A Limited Voting Shares (BAM $78.25)
  • $78.25 P/E (TTM): 39.88X Cap: $129.70B
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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 $90.19)
  • $90.19 P/E (TTM): 17.35X Cap: $111.72B
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• Bank of Montreal (BMO $182.51)
  • $182.51 P/E (TTM): 15.03X Cap: $129.90B
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• BCE Inc. (BCE $32.72)
  • $32.72 P/E (TTM): 70.41X Cap: $30.32B
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• Rogers Communications Inc. Class B Non-voting Shares (RCI.B $48.47)
  • $48.47 P/E (TTM): 17.97X Cap: $26.79B
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• SmartCentres Real Estate Investment Trust (SRU.UN $26.76)
  • $26.76 P/E (TTM): 16.18X Cap: $4.76B
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• Capital Power Corporation (CPX $67.77)
  • $67.77 P/E (TTM): 20.02X Cap: $10.10B
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• Brookfield Infrastructure Partners L.P. (BIP.UN $46.42)
  • $46.42 P/E (TTM): 1109.75X Cap: $21.14B
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• Sienna Senior Living Inc. (SIA $18.84)
  • $18.84 P/E (TTM): 46.8X Cap: $1.72B
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• iShares S&P/TSX Composite High Dividend Index ETF (XEI $31.22)
  • $31.22 P/E (TTM): 4.93X Cap: $2.46B
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• Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY $57.98)
  • $57.98 P/E (TTM): 5.96X Cap: $4.78B
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• First Capital Real Estate Investment Trust (FCR.UN $19.85)
  • $19.85 P/E (TTM): 21.33X Cap: $4.19B
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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 $2.57)
  • $2.57 Cap: $451M
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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 $27.78)
  • $27.78 P/E (TTM): 15.95X Cap: $201.92B
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• Royal Bank of Canada (RY $205.84)
  • $205.84 P/E (TTM): 20.66X Cap: $288.19B
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• BCE Inc. (BCE $32.72)
  • $32.72 P/E (TTM): 70.41X Cap: $30.32B
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• Algonquin Power & Utilities Corp. (AQN $5.74)
  • $5.74 Cap: $4.12B
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• Brookfield Renewable Partners L.P. Limited Partnership Units (BEP $26.65)
  • $26.65 Cap: $16.95B
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• Brookfield Infrastructure Partners LP Limited Partnership Units (BIP $33.33)
  • $33.33 P/E (TTM): 1109.75X Cap: $15.19B
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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 $69.44)
  • $69.44 P/E (TTM): 24.33X Cap: $153.12B
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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

• Crescent Point Energy Corporation (Canada) (CPG)
  • P/E (TTM): 12.52X Cap: $5.39B
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Q: Peter; It looks to me that the huge offering is way out of the money- couldn’t this also be a large overhang for some time? Thanks.
As an original member I like the new format - change is good!
Rod

Upvote 5

Read Answer Asked by Rodney on November 07, 2023

• Bank of Nova Scotia (The) (BNS $90.19)
  • $90.19 P/E (TTM): 17.35X Cap: $111.72B
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• Good Natured Products Inc. (GDNP $0.02)
  • $0.02 Cap: $5M
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• AbCellera Biologics Inc. (ABCL $5.72)
  • $5.72 Cap: $1.48B
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• Tiny Ltd. (TINY $8.94)
  • $8.94 Cap: $253M
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Q: I'm curious if you have any thoughts on the 3 micro cap stocks listed - do you see any potential for success on their horizon's?

Also curious what your thoughts are on the leadership changes at BNS and it's future prospects?

Thanks for all your work!

Upvote 5

Read Answer Asked by Evan on November 07, 2023

• Caesarstone Ltd. (CSTE $1.56)
  • $1.56 Cap: $54M
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Q: Could I have your opinion about this company please

Upvote 2

Read Answer Asked by John on November 07, 2023

• iShares S&P/TSX Canadian Preferred Share Index ETF (CPD $13.45)
  • $13.45 P/E (TTM): 7.16X Cap: $1.05B
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• BMO Laddered Preferred Share Index ETF (ZPR $11.86)
  • $11.86 P/E (TTM): 4.7X Cap: $1.46B
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• iShares 20+ Year Treasury Bond ETF (TLT $89.25)
  • $89.25 Cap: $48.26B
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• Dynamic Active Preferred Shares ETF (DXP $25.10)
  • $25.10 P/E (TTM): 0.17X Cap: $554M
  • View DXP Profile
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Q: Which do you prefer to invest today: TLT or preferred stock ETFs. For preferred stock ETFs, could you suggest a few? Please explain the reason. Thank you.

Upvote 5

Read Answer Asked by David on November 07, 2023

• Nuvei Corporation Subordinate Voting Shares (NVEI $47.61)
  • $47.61 Cap: $6.75B
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Q: Could you please discuss the significance of the following:
American Express announces it has selected Nuvei Corporation as its first acquirer authorised to promote and sell PwBt's Open Banking-enabled payment method.
I realize this is only for the UK but could you please explain what this might mean going forward for other geographic areas the 2 companies operate in. In other words, is this the start of a partnership that might provide strong tailwinds for Nuvei.

Upvote 7

Read Answer Asked by Warren on November 07, 2023

• ARMOUR Residential REIT Inc. (ARR $15.31)
  • $15.31 Cap: $1.33B
  • View ARR Profile
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Q: Hi Peter and wonder team!

Can you give me the basics on the fundamentals and guidance on ARR.
it pays a alarmingly generous dividend and seems to have some momentum. I need some more REITS and can’t help but be attracted to the dividend here.

What concerns would you have here?
Debt? Insecure dividend?

Appreciate all you do!

Upvote 2

Read Answer Asked by Josh on November 07, 2023

• BriaCell Therapeutics Corp. (BCT $16.28)
  • $16.28 Cap: $26M
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Q: Good Day.
Wondering if you could, "feed me a fish," by finding the short positions in both the US and CAN markets; then "teach me to fish" by showing me where I can source this data on my own. I cannot remember where I have found it in the past.
Thanks

Upvote 4

Read Answer Asked by Robert on November 07, 2023

• WisdomTree Japan Hedged Equity Fund (DXJ $127.06)
  • $127.06 P/E (TTM): 12.65X Cap: $3.86B
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• Xtrackers MSCI Japan Hedged Equity ETF (DBJP $84.48)
  • $84.48 P/E (TTM): 0.29X Cap: $413M
  • View DBJP Profile
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• iShares MSCI Japan ETF (EWJ $80.31)
  • $80.31 P/E (TTM): 12.35X Cap: $15.24B
  • View EWJ Profile
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• The iShares MSCI Japan Value ETF (EWJV $38.82)
  • $38.82 P/E (TTM): 14.68X Cap: $495M
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Q: Do you still think right now is a good time to invest in Japan? If so... How do you compare these ETFs? Which one are best for a long term investor? Thank you.

Upvote 10

Read Answer Asked by David on November 07, 2023