Investment Q&A

Q: ASML seems to be on sale if one has faith in a long term view. Do you?

It is a cyclical stock but surely the demand will rise again.

Q: Would you consider Roku a good candidate to slowly accumulate or at best a hold letting the dust settle?
Thanks

Q: Greetings 5i,

PTON reported Oct31. What are your thoughts on the results and also the announcement of a new CEO?

Cheers!

Q: Everyone, appreciate your comments on ten quarter. Ckayton

Q: Hi Team,
If YOU had TFII and ATD at a loss in an unregistered account, would YOU sell to claim the tax loss now? Would you rebuy after 30 days? Can you also please explain the rationale behind the answer. Thanks

Q: Do you think it will take a rest for a while with the chart going up on the angle it has or
has it more to go?

Q: This preferred took a steep drop in June, came back a little and is now slowly drifting downwards. Pays a 10% div.
Why the big drop and why further downward momentum now? Is the div not safe? Is it that BCE common shares are just unloved currently? Reset issues?

Thanks,
Mark

Q: Hello 5IR,
The stock dropped $8.44 today after the earnings. What caused this drop? I did not think that the earnings were bad. Would you consider this to be a good entry point?
Thanks you. Cheers

Q: I'm still relatively new to your service, so pardon my ignorance, but how does your Portfolio Analytics service work? I'm considering subscribing to the service. Is it an AI / model-software driven review of my portfolio(s), or is it an manual evaluation done by one or more of your talented team or is it a combination of both or something else altogether? Could you please provide some insight. Thank-you.

Q: Q: Hi 5i Team.
Pls comment on North American Construction Group qrty earning and this company going forward.

Q: Your thoughts on FNILX
Thanks again

Q: Performing very well on a tough overall day, clearly the market is very impressed with VHI's acquisition of Strata Health.

As always, would appreciate your analysis.

Q: My wife feels like she has too big a position in WELL for a relatively small company.

She is thinking of selling of some and buying ISRG or else TMDX during what seems an attractive current dip.

She is fine with risk, so is considering ISRG for its growth more than its stability.

Please give your thoughts on the relative outlook for each of these companies in the mid- to long-term.

Q: Good morning. This isn't so much a question as it is to follow up on my question yesterday relating to the tax treatment of 1:1 exchange of share of units of AW.UN to AW.TO for the benefit of other 5i members. My original question, 5i's answer and the answer I received subsequently from AW Investor relations appears below.

Question: My AW.UN shares were exchanged 1:1 for AW Newco. As this was an "exchange" should my broker be showing a capital gain? If there is indeed a capital gain what is the share price that should be used?

5i Answer: The transaction is tax-free, providing unitholders make a Section 85 Election. If new shares were received on a fully 1-for-1 basis (no cash received other than the distribution), the ACB should be the same as it was before. Brokers are inherently bad at these things. One can contact them to change it, but it is better to keep one's own records for CRA purposes.

Following 5i's Answer I reached out to both my broker who referred me to AW Investor Relations.

AW Investor Relations Answer:
"The conversion from units to shares is considered a deemed disposition at a value based on the date of settlement, which varied broker to broker. We have been advised that in the context of the acquisition and disposition of listed securities, the CRA has traditionally taken the position that the acquisition/disposition date for tax purposes is the date of settlement since it is only at that time that taxpayers have the use of the property received (i.e. A&W shares) in consideration for the property they disposed of (i.e., the Fund's units). We are recommending that shareholders with concerns that the delay in settlement caused them to realize a capital gain (on the disposition of their units) that was larger than it would have been had the transaction settled more quickly should consult with their tax advisors as to whether they can reasonably take a different position."

Following AW's response, I sold out of our position in AW "Newco" today for a tax loss at $37.36 to reduce our Capital Gain on AW.UN which had reflected a settlement value of $43.08. We will either reinter in 30 days or move on.

AW's structuring of the sale was, in my opinion, very poorly executed.

Q: Which stock (Franco vs Agnico) would you pick for a 5-10 year hold?
With appreciation,
Ed

Q: Income model portfolio: The list of selected stocks seems quite stable with time, are they considered among the safest choices within TSX , or some other reason ? how to interpret the ratings ? I appreciate the choices but I wish to better understand the guidelines..

Q: 1) Which has the highest & lowest 10-yr total return potential according to 5i’s research & data?

2) What other defensive names in the US & Canada might provide similar (or better) risk-adjusted returns over 10 years, given current valuations?
Thank you.

Q: I have positions in both CP and CNR and need to lessen my position in one of these railways. Which one would you choose to lighten up on and your reasoning. Thank You.

Q: Would you see BRK.B as a buy-and-forget type purchase for a 5-10 year hold? What do you see happening post-Warren Buffet?
Thanks

Q: The market seems to really like the earnings of ABBV. Got a nice dividend raise too. Where do you see the runway for this is over the next five years?

Jimmy