Investment Q&A

• Apple Inc. (AAPL $273.78)
  • $273.78 P/E (TTM): 37.28X Cap: $4.03T
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• Adobe Inc. (ADBE $264.77)
  • $264.77 P/E (TTM): 16.36X Cap: $109.56B
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• Alphabet Inc. (GOOG $319.48)
  • $319.48 P/E (TTM): 29.89X Cap: $3.92T
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• NVIDIA Corporation (NVDA $188.94)
  • $188.94 P/E (TTM): 46.01X Cap: $4.61T
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• PayPal Holdings Inc. (PYPL $41.57)
  • $41.57 P/E (TTM): 8.13X Cap: $37.88B
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• QUALCOMM Incorporated (QCOM $140.19)
  • $140.19 P/E (TTM): 27.69X Cap: $148.23B
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• Salesforce Inc. (CRM $193.60)
  • $193.60 P/E (TTM): 25.55X Cap: $181.80B
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• Toll Brothers Inc. (TOL $160.91)
  • $160.91 P/E (TTM): 11.36X Cap: $14.42B
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Q: Happy New Year to 5i and members, wishing all a prosperous investing year ahead.

It's time to make my annual TFSA contribution. I own AAPL, ADBE CRM, GOOG, NVDA, PYPL, QCOM, and TOL in my TFSA.

I would like to add to one position, which do you recommend? I am overweight NVDA so do not wish to add to that one.

Does 5i consider any of these positions in the 'do not need to own' category? If so, please recommend a replacement (not LLY, MDT, IBM, or MSFT; I own full positions of these in another account). The focus of this account is US equities with a risk profile somewhere between that of the 5i Balanced and Growth portfolios, and the objective is long-term capital appreciation.

Thank you very much.

Upvote 7

Read Answer Asked by Walter on January 02, 2025

• First Tellurium Corp Com (FTEL $0.15)
  • $0.15 Cap: $21M
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Q: Can you provide an update on FTEL, CRUZ and LAC. Take however many credits as required. Thank you and Happy New Years to all your staff. Totally appreciate all you do for us investors.

Upvote 1

Read Answer Asked by John on January 02, 2025

Q: pls provide an analysis on QTUM etf as a play on Quantum computing & AI.
Happy New Year

Upvote 7

Read Answer Asked by WIB on January 02, 2025

• Wheaton Precious Metals Corp. (WPM $196.21)
  • $196.21 P/E (TTM): 60.46X Cap: $87.89B
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• Agnico Eagle Mines Limited (AEM $287.21)
  • $287.21 P/E (TTM): 33.1X Cap: $142.98B
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Q: Merry Christmas! I wish you all the best and a very prosperous year ahead.

With the latest canadian data and of course added political turmoil here. And rates abroad and our neighbors.

It would appear gold will have room to run still. If you do agree I'd like to know.

I'm looking at adding that exposure as I have none with the recent pull back.

My favorite candidates are AEM, WPM.
Would you please provide a reasonable buy range and if anyone is ranked above them in your mind, please mention.

Thank you very much.

Upvote 3

Read Answer Asked by Adam on January 02, 2025

• POET Technologies Inc. (PTK $7.38)
  • $7.38 Cap: $669M
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• Palantir Technologies Inc. (PLTR $138.73)
  • $138.73 P/E (TTM): 323.57X Cap: $340.61B
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• Nebius Group N.V. (NBIS $94.03)
  • $94.03 Cap: $22.11B
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• SoundHound AI Inc. (SOUN $8.49)
  • $8.49 Cap: $3.70B
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• Rocket Lab Corporation (RKLB $72.81)
  • $72.81 Cap: $40.51B
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Q: Happy New Year Peter and Colleagues.

I want to set aside a small percentage of my TFSA for more speculative and less serious investments. With that in mind, could you please provide a few of your best guesses for stocks with quick growth potential? I understand that these will be higher risk but have a chance of outsized growth.
Thanks.
David

Upvote 13

Read Answer Asked by David on January 02, 2025

• Simplify Managed Futures Strategy ETF (CTA $28.76)
  • $28.76 Cap: $228M
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Q: Hello, what is your opinion of the CTA ETF as a means of diversifying a portfolio away from strictly equities and bonds? In general, what would be the % allocation to this strategy in a 70% equities - 30% bonds balanced portfolio? Thanks

Upvote 2

Read Answer Asked by Martin on January 02, 2025

• Sangoma Technologies Corporation (STC $6.57)
  • $6.57 Cap: $214M
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Q: Where do you see the stock valuation of Sangoma going in 2025? At $10 it trades at 1xsales or 5.5X EBITDA on Fiscal 2025E.

Upvote 3

Read Answer Asked by Charles on January 01, 2025

• Miscellaneous (MISC)
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Q: Interview of 3 economists this month wich similar conclusions :"markets are extremely ( and historicaly) overvalued" , all anticipate some correction in January and "roller-coaster" after..No mention of sectors though ...Do you agree with this overvaluation thesis, and if this were the case ,what sectors would be less at risk ?

Upvote 9

Read Answer Asked by Jean-Yves on January 01, 2025

Q: Peter Can I please have your take on BTQ?

Thanks

Upvote 3

Read Answer Asked by Richard on January 01, 2025

• Vanguard U.S. Dividend Appreciation Index ETF (CAD-hedged) (VGH $73.12)
  • $73.12 P/E (TTM): 25.07X Cap: $971M
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• Vanguard Dividend Appreciation FTF (VIG $229.53)
  • $229.53 P/E (TTM): 25.07X Cap: $102.03B
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Q: Happy new year 5I! (this question is not urgent),

Given how far the Canadian dollar has fallen, in an RRSP is there any merit to switching a VIG to VGH if one thinks the CAD will bottom soon and then slowly work its way up by 9-10% in value over the coming years?

Thank you for all your insight in 2024!

Upvote 3

Read Answer Asked by Kat on January 01, 2025

• Boardwalk Real Estate Investment Trust (BEI.UN $68.38)
  • $68.38 P/E (TTM): 11.48X Cap: $3.61B
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Q: What is your outlook for BEI? It is down approx. 30% from its high. Has broken well past its 200 day moving average. If you held it today would you continue to hold or sell?

Upvote 2

Read Answer Asked by Jacques on January 01, 2025

• Oaktree Specialty Lending Corporation (OCSL $12.40)
  • $12.40 P/E (TTM): 31.13X Cap: $1.06B
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• Schwab US Dividend Equity ETF (SCHD $31.38)
  • $31.38 P/E (TTM): 16.79X Cap: $82.98B
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• Blue Owl Capital Corporation (OBDC $12.02)
  • $12.02 P/E (TTM): 8.13X Cap: $5.99B
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Q: Hi 5i Team,

I am pondering selling some positions in my cash account and buy a few USD income producing investments. Could you please give me your opinions and analysis of OBDC and OCSL given the current interest rate and macro outlook?

SCHD is an EFT I have heard a lot about and looks like a quality holding in an income focused portfolio. Are there any other U.S. ETFs with a similar yield that you would recommend as an alternative or addition to SCHD?

Finally what are the tax implications for a Canadian holding these investments in a non-registered account?

Thanks for the Great Service and Happy Holidays!

Colin

Upvote 3

Read Answer Asked by Colin on January 01, 2025

• Argan Inc. (AGX $371.59)
  • $371.59 P/E (TTM): 41.47X Cap: $5.13B
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• Carpenter Technology Corporation (CRS $359.82)
  • $359.82 P/E (TTM): 44.63X Cap: $18.18B
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Q: Merry Christmas. I'm doing some trimming in my unregistered U. S. account early in the new year. I have had a great run with both these stocks. Does either 1 have any headwinds ? Which has more upside ? Trim both, or sell 1?
Have a great new year gents.
David

Upvote 3

Read Answer Asked by David on December 31, 2024

• HIVE Digital Technologies Ltd. (HIVE $3.20)
  • $3.20 P/E (TTM): 19.05X Cap: $809M
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Q: What's up with HIVE? It is getting pummeled pretty hard even though BIT coin is still over 90 grand. Between Hive's holdings of BIT and over cash what per centage of the market capital is covered. Seems like HIVE is oversold. Agree?

Upvote 3

Read Answer Asked by Paul on December 31, 2024

• EQB Inc. (EQB $118.12)
  • $118.12 P/E (TTM): 17.24X Cap: $4.37B
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• Hammond Power Solutions Inc. Class A Subordinate Voting Shares (HPS.A $199.75)
  • $199.75 P/E (TTM): 29.23X Cap: $2.37B
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• Docebo Inc. (DCBO $26.59)
  • $26.59 P/E (TTM): 25.0X Cap: $758M
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• Propel Holdings Inc. (PRL $26.18)
  • $26.18 P/E (TTM): 11.47X Cap: $1B
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• D2L Inc. Subordinate Voting Shares (DTOL $11.10)
  • $11.10 P/E (TTM): 14.5X Cap: $609M
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Q: What would your top 5 small cap stocks be to buy right now in order of 1st pick being your top pick

Upvote 54

Read Answer Asked by Gary on December 31, 2024

• S&P/TSX Composite Index (TSX $33,023.32)
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Q: hi,
do you have data for the average dividend yield for the TSX index for the last 5 and 10 years?
cheers, chris

Upvote 7

Read Answer Asked by chris on December 31, 2024

• Astera Labs Inc. (ALAB $183.04)
  • $183.04 P/E (TTM): 77.2X Cap: $31.69B
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Q: Atera has been on a tear. Would you consider this stock speculative, not supported by fundamentals, ahead of itself, buyable, holdable?

Upvote 2

Read Answer Asked by Shelley on December 31, 2024

• Harvest Premium Yield Treasury ETF (HPYT $8.50)
  • $8.50 Cap: $418M
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Q: Can you explain the dynamics of this ETF declining some 18 % this year. Thanks. Derek

Upvote 2

Read Answer Asked by Derek on December 31, 2024

• Canadian National Railway Company (CNR $144.59)
  • $144.59 P/E (TTM): 18.8X Cap: $85.68B
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• Freehold Royalties Ltd. (FRU $16.69)
  • $16.69 P/E (TTM): 20.44X Cap: $2.74B
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Q: I recall that a few years ago, it was said that CNR had approximately an 18% equity position in FRU. I wondered if: a) the share count of FRU had changed dramatically and, b) if CNR still has an approximately 18%. Thanks to all the 5i team and have a healthy 2025. Bill

Upvote 3

Read Answer Asked by Bill on December 31, 2024

• Purpose Premium Yield Fund (PYF $16.69)
  • $16.69 P/E (TTM): 25.75X Cap: $395M
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Q: Curious what your thoughts are on PYF for some income? Also, how is it taxed in a registered account? How are ROC and option income taxed?

Upvote 2

Read Answer Asked by Carla on December 31, 2024