Investment Q&A

Q: Hi 5i
Bitcoin is a real head scratcher for me. I can't see why anyone would use it as a form of payment considering stories like "that pizza purchase years ago is the equivalent of millions in todays value" or "I have a couple of password tries left before my disk is encrypted and my millions are lost forever" ... so there's goes the asset / store of value argument. Maybe I'm getting old but I just don't get it (having said that I bought a small amount of ether and ripple as a learning exercise a few years back and still hold it ).
In any case, the real question is with more etfs/companies piling into bitcoin related investment, if it were to grow to such an extent as to be bubble territory and subsequently experience a severe pop, would it have any side effects on the rest of the market or specific sectors of the market do you think? i.e. would it ever be anything to be concerned about ?
Thanks
Mike

Q: Wondering if 5i has any thoughts on this company. I noticed they signed a joint development agreement recently with "an industry leader" but I can't find any news on which chip maker. I'm assuming if this gives one chip maker an edge, others will have to sign on as well?

Q: What are your thoughts on RJK Explorations?

Q: 10 Years Treasury Yield is rising fast laterly. Is that a result of Fed asset purchases slowing down? Where can we find such information (such as monthly or weekly purchase amount)? Thanks.

Q: Can u recommend an international etf both in $ can and $ us ? For long term
The one I am aware of is I shares msci acwi etf

Q: When will whitecaps recent acquisition close or has it already? And has the recent increases been as a result of the acquisition or simply due to improved market conditions whit a re-rate still to come after acquisition folded in?

Q: For long term US financial exposure I hold JPM, BAM and C. Wondering if I should sell C and consolidate into JPM/BAC, or buy GS, or do nothing at all?

Thanks.

Q: How does no generally get information on convertible debentures? For Chemtrade Logistics I looked at their website but when you click on the link you go to another website ,but the detailed information (Not sure if I should can it the prospecus?!) is still not listed. Do I have to contact Investor Relations of Chemtrade and ask for the prospectus? Is there a general rule of thumb on when interest on a debenture is paid or does it depend on each individual issue? I am interested in looking for some higher yielding debit instruments, is that a good option? If not, where should one look to get ideas? (Please discount as many questions frommy allotment that you think is warranted.)

Q: There seems to be many etf / index for the nasdaq 100 in terms of different companies offerings, Canadian / us $ , hedged/ unhedged etc
1 if u were to pick one does it matter in terms of return/ mer if it’s purchased in $us or $ can and can u recommend which one in each currency mentioned
2. In addition to above would you recommend any other nasdaq etf such as qqqj or other or would this be a duplicate?
Thank you

Q: what company will benefit most by the need for graphite be used in EV batteries? would you favour this company as another way to play the EV theme? thanks Richard

Q: Hello 5i
LAC has been doing rather well lately and I've managed to let it run. I expect an increase in volatility and am wondering just how long and how far the market will take LAC. Would you like to hazard a guess ?
Any opinion on taking a little off the table or holding for a while longer? The position is growing but obviously that's not a bad thing !
Thanks
Mike

Q: You answered Nick's question by saying it would be better to wait until the RRSP turned into a RRIF. So what's the tax rate for removing a stock from a RRIF? I am about to take some SHOP from my RRIF for annual withdrawal. The stock is up 394 per cent.

Q: TRVL WHAT IS YOUR OPINION ON THIS RECENTLY NEW ISSUE ETFS?

Q: What is your opinion on evolve cloud computing TSE etc DATA

Q: Please rank these CDN tech stocks for 1) growth and 2) value. Thank you.

Q: ARKK Would you suggest starting an investment in the se ETF’s at this time?

Q: Kindly comment on their news release last night and how it might impact future growth.

Q: Real Matters is spiraling down since last August. Any specific reason why ? Thanks.

Q: I am wondering if you can provide your opinion on Teledyne, only 2 questions and the company has been around forever and looks to have done very well... I read I thread on twitter recently (I know that sounds bad) and what perked my interest even more was I noticed Ryan follows them (@sleepwellcap) and I know that doesn't mean he endorses their views etc but here is how they summarize TDY.

High tech industrial with 4 segments: Digital Imaging, Instrumentation, A&D Electronics and Engineered Systems. It’s also a acquisitive, a Berkshire Hathaway of high tech industrials of sorts. Their businesses share a couple of traits: highly engineered, mission critical components that are typically expensive and integrated into a larger system and must be reliable. Customers care more about quality than price. Most products sense, analyze or transmit information. Segment detail: Digital Imaging (60%) — high performance sensors/cameras like X-ray, machine vision, thermal detectors, and everything accross the e/m spectrum; Instrumentation (20%) — test&measurement, monitoring and control instruments for marine, environmental and industrial; A&D electronics (12%) — sophisticated electronic components, subsystems, communication products and interconnect for harsh environments. Used in aviation, satellite, submarines, UAVs etc;Engineered Systems (8%) — similar to A&D, but mostly cost-plus businesses contracts with DoD

Management has a splendid track record of acquisitions and conservative guides and accounting (missed EPS 3 quarters in 20 years) Execs are paid on LT outperformance of the Russell 2000. CEO Al Picelli succeeded Robert Mehrabian in 2019 who is now Chairman but still very involved. Oh, and they just bet the house on their most recent acquisition (pending close) On Jan 4 they announced they were buying FLIR Systems for $8B, that’s 40% of TDY’s marketCap (!!!) Leverage will kick up to 3.5x and go back <2x in 18mo. Paid 17x EBITDA, adds ~$5 FCF/sh and growing. ROIC is around 30% (from low-mid 20s 5 years ago), probably stepping up to mid-30s in next couple of years as they integrate FLIR, work on margin expansion initiatives and pay down debt...
Thanks for your thoughts!

Q: Warren Buffett says when it comes to investing there are two questions to answer: what company and what price? When I watch the financial media the 'experts' always have a ton of stocks to buy, and give their crystal ball reasons why, but never give the intrinsic value of the stock, or talk about the margin of safety. Do the 'experts' just believe all their stock picks will go up? :)