Investment Q&A

• Constellation Software Inc. (CSU $2,401.75)
  • $2,401.75 P/E (TTM): 58.29X Cap: $51B
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• Franco-Nevada Corporation (FNV $369.63)
  • $369.63 P/E (TTM): 55.04X Cap: $71.55B
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• Descartes Systems Group Inc. (The) (DSG $87.30)
  • $87.30 P/E (TTM): 40.0X Cap: $7.39B
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• Agnico Eagle Mines Limited (AEM $331.17)
  • $331.17 P/E (TTM): 25.87X Cap: $165.16B
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• Open Text Corporation (OTEX $33.31)
  • $33.31 P/E (TTM): 14.68X Cap: $8.14B
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• Cargojet Inc. Common and Variable Voting Shares (CJT $92.55)
  • $92.55 P/E (TTM): 13.0X Cap: $1.41B
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• Topicus.com Inc. (TOI $87.79)
  • $87.79 P/E (TTM): 747.98X Cap: $7.40B
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Q: Hi 5i,

I have maybe a rare question for you. I have done quite well with my stock selections (much thanks to you for many of the wise choices) and are sitting on a pool of Capitol Gains. Now, my wife and I are entering the phase of our life where we can make some significant "tax-friendly" charitable donations. Always keeping in mind, saving enough for the rest of our days. Our question is: If you had to sell from the list I provided, and thinking of holding the remainder at least another 10 years, which would you chose to sell a portion of ? Perhaps the top 3, in order of choice ? Thanks so much.

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Read Answer Asked by Jim on September 02, 2022

• AutoCanada Inc. (ACQ $26.57)
  • $26.57 P/E (TTM): 18.06X Cap: $607M
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Q: Is ACQ a buy, sell, or hold at this depressed price level?

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Read Answer Asked by thomas on September 02, 2022

• Unity Software Inc. (U $18.07)
  • $18.07 Cap: $7.41B
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• Roblox Corporation Class A (RBLX $65.77)
  • $65.77 Cap: $44.24B
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• Matterport Inc. (MTTR)
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Q: I have META as part one third of my Metaverse portion and have room to add two third.
At current levels, would you suggest RBLX or U ?
Or suggest any other name you prefer in this space.
Thank you

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Read Answer Asked by Jabs on September 02, 2022

• The Trade Desk Inc. (TTD $24.65)
  • $24.65 P/E (TTM): 28.85X Cap: $11.68B
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• Roku Inc. (ROKU $86.21)
  • $86.21 Cap: $12.47B
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• Pure Storage Inc. Class A (PSTG $68.64)
  • $68.64 P/E (TTM): 189.56X Cap: $22.59B
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• Digital Turbine Inc. (APPS $4.14)
  • $4.14 Cap: $486M
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• Nuvei Corporation (NVEI)
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Q: Hello 5I,
I am down 55% or Apps.
Just wondering if you would hold on on switch into something else. Looking for something with similar upside of course.
Thanks

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Read Answer Asked by Tyler on September 02, 2022

• Alimentation Couche-Tard Inc. (ATD $84.39)
  • $84.39 P/E (TTM): 22.45X Cap: $78.93B
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Q: How were the earnings this week?

Thx

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Read Answer Asked by blake on September 02, 2022

• Brookfield Infrastructure Partners L.P. (BIP.UN $53.65)
  • $53.65 P/E (TTM): 59.73X Cap: $24.43B
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Q: Why does bip.un offer a substantially bigger dividend yield than bam.a?
I own both and plan to add more, part of me says to increase bam.a for broader coverage however I cannot get past bip.un recent performance and better dividend.

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Read Answer Asked by Rob on September 02, 2022

• Veeva Systems Inc. Class A (VEEV $175.40)
  • $175.40 P/E (TTM): 35.15X Cap: $28.30B
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Q: Can you please comment on VEEV latest earnings released yesterday. Was there anything of particular interest to note from the call yesterday (either good or bad)? Were results so bad to warrant the big drop today? Do you still think this is a good medium to long term hold (5-10 years)?

Thanks so much for all you do!

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Read Answer Asked by Justin on September 02, 2022

• Royal Bank of Canada (RY $232.75)
  • $232.75 P/E (TTM): 16.37X Cap: $327.64B
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• Toronto-Dominion Bank (The) (TD $130.67)
  • $130.67 P/E (TTM): 11.35X Cap: $224.15B
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• Bank of Nova Scotia (The) (BNS $103.08)
  • $103.08 P/E (TTM): 25.98X Cap: $129.13B
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• Bank of Montreal (BMO $195.09)
  • $195.09 P/E (TTM): 16.45X Cap: $138.21B
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• Canadian Imperial Bank Of Commerce (CM $134.39)
  • $134.39 P/E (TTM): 15.88X Cap: $125.82B
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Q: When looking at historical Canadian bank returns, BNS has lagged significantly. I didn't isolate too many periods, but the longer term you go, the more consistent the underperforming becomes. I understand the past isn't an indication of the future, but perhaps their approach to international exposure just isn't the way to go? There appears to be a lot of conviction for BNS relative to others, does it's poor stock growth relatively not concern 5i? What keeps you the most confident on BNS? If you jumped ship on BNS, which would be the next on that would be in your model portfolios?

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Read Answer Asked by Jordan on September 02, 2022

Q: What do you think about Bam's split into two entities? Can you explain how the two are different. Do you prefer one more than the other?

Thanks very much

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Read Answer Asked by christianne on September 02, 2022

• Adobe Inc. (ADBE $255.23)
  • $255.23 P/E (TTM): 15.49X Cap: $101.26B
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• Alphabet Inc. (GOOG $312.13)
  • $312.13 P/E (TTM): 29.13X Cap: $3.81T
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• Microsoft Corporation (MSFT $386.11)
  • $386.11 P/E (TTM): 24.84X Cap: $2.85T
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• NVIDIA Corporation (NVDA $193.37)
  • $193.37 P/E (TTM): 47.1X Cap: $4.65T
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• Constellation Software Inc. (CSU $2,401.75)
  • $2,401.75 P/E (TTM): 58.29X Cap: $51B
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• Kinaxis Inc. (KXS $118.89)
  • $118.89 P/E (TTM): 75.6X Cap: $3.34B
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• Shopify Inc. Class A Subordinate Voting Shares (SHOP $163.00)
  • $163.00 P/E (TTM): 136.93X Cap: $209.53B
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• TECSYS Inc. (TCS $24.70)
  • $24.70 P/E (TTM): 68.33X Cap: $362M
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• Advanced Micro Devices Inc. (AMD $215.29)
  • $215.29 P/E (TTM): 75.53X Cap: $320.07B
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• TELUS International (Cda) Inc. Subordinate Voting Shares (TIXT $6.07)
  • $6.07 Cap: $1.68B
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Q: Hello 5I,
What would be your top 5 picks in tech right now in Canada and Us?
Thanks

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Read Answer Asked by Tyler on September 02, 2022

Q: Re Dave’s comments about 5i being overly optimistic on most answers. I find the q & a section highly informative. I do however, read the questions AND the answers then….I put on my big boy pants and “make my own decisions” on what to do (buy/sell/hold) 😀

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Read Answer Asked by Harry on September 02, 2022

• Chartwell Retirement Residences (CSH.UN $22.19)
  • $22.19 P/E (TTM): 99.45X Cap: $6.75B
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Q: Company is going to exit Long Term Care business by the end of 2023. Is this business is less profitable than the retirement residence business? After this exit how good this company will be in compare with Sienna Senior Living Inc. (SIA:T) on valuation basis and what will be your preference?
Thanks

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Read Answer Asked by Piyush on September 01, 2022

• Douglas Emmett Inc. (DEI $10.18)
  • $10.18 P/E (TTM): 87.17X Cap: $1.75B
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Q: DEI seems to be an extreme low end of its valuation range and seems quite interesting save for the artificially high P/E of 40. Do you see it as attractive? Can you suggest superior Canadian alternatives in the REIT space?

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Read Answer Asked by David on September 01, 2022

• BlackRock Inc. (BLK $1,084.37)
  • $1,084.37 P/E (TTM): 28.11X Cap: $166.16B
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• Manulife Financial Corporation (MFC $48.75)
  • $48.75 P/E (TTM): 15.77X Cap: $82.54B
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• Sun Life Financial Inc. (SLF $88.34)
  • $88.34 P/E (TTM): 22.71X Cap: $49B
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• Blackstone Inc. (BX $116.80)
  • $116.80 P/E (TTM): 34.75X Cap: $83.96B
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• Good Natured Products Inc. (GDNP $0.02)
  • $0.02 Cap: $5M
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• Brookfield Asset Management Inc Class A Limited (BAM $48.15)
  • $48.15 P/E (TTM): 32.26X Cap: $77.46B
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Q: Hello Peter,
Can you please comment on good natured results? Is it fair to say Blackstone is more for income oriented investors given its dividend and Blackrock is more for growth oriented investors. Also, would be better to diversify into both instead of picking one as i already own fair amount of BAM? Is Manulife worth a hold for long term given its decent dividend? thanks very much

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Read Answer Asked by umedali on September 01, 2022

• Tellurian Inc. (TELL)
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• Uranium Energy Corp. (UEC $15.70)
  • $15.70 Cap: $7.85B
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Q: Your opinion on these 2 please?
Thanks.

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Read Answer Asked by Austin on September 01, 2022

• ChargePoint Holdings Inc. (CHPT $6.25)
  • $6.25 Cap: $142M
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Q: I bought a little of Chargepoint Holidings just before they reported yesterday and nice little pop today. But do you think this is more of a trading stock than a longer term hold? Or will the EV market demand now propel this stock higher? Thanks so much.

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Read Answer Asked by Dr Lorraine on September 01, 2022

• ChargePoint Holdings Inc. (CHPT $6.25)
  • $6.25 Cap: $142M
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Q: What do todays earnings announcement indicate for this company and what do current events suggest with respect to its prospects? Would the company be your pick for this sector?

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Read Answer Asked by Mike on September 01, 2022

• Dye & Durham Limited (DND $3.71)
  • $3.71 Cap: $241M
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Q: It's down more than other tech stocks recently. What's its problem? Should I dump it for tax loss resons? If so, is it a rebuy?

John

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Read Answer Asked by John on September 01, 2022

• Purpose High Interest Savings Fund (PSA $50.08)
  • $50.08 Cap: $3.02B
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Q: What are the best options to park some significant funds to maximize interest based on a 6 month to one year hold?

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Read Answer Asked by LEN on September 01, 2022

• Park Lawn Corporation (PLC $26.48)
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Q: Park Lawn stock price is falling. Is there a change in the fundamentals of the company or is it because of a recent acquisition or just the sentiment that there will be fewer high fee burials, or something else??? Your take would be appreciated.......Tom

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Read Answer Asked by Tom on September 01, 2022