Investment Q&A

• POET Technologies Inc. (PTK $7.38)
  • $7.38 Cap: $669M
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• Palantir Technologies Inc. (PLTR $166.74)
  • $166.74 P/E (TTM): 520.33X Cap: $385.17B
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• Nebius Group N.V. (NBIS $93.39)
  • $93.39 Cap: $22.79B
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• SoundHound AI Inc. (SOUN $14.05)
  • $14.05 Cap: $6.05B
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• Rocket Lab Corporation (RKLB $46.17)
  • $46.17 Cap: $22.54B
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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 $27.41)
  • $27.41 Cap: $1.06B
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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 $7.70)
  • $7.70 Cap: $257M
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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 $68.88)
  • $68.88 P/E (TTM): 24.18X Cap: $905M
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• Vanguard Dividend Appreciation FTF (VIG $214.63)
  • $214.63 P/E (TTM): 24.05X Cap: $92.56B
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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 $70.58)
  • $70.58 P/E (TTM): 11.05X Cap: $3.81B
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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 $13.74)
  • $13.74 P/E (TTM): 108.68X Cap: $1.21B
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• Schwab US Dividend Equity ETF (SCHD $27.50)
  • $27.50 P/E (TTM): 46.94X Cap: $71.48B
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• Blue Owl Capital Corporation (OBDC $14.15)
  • $14.15 P/E (TTM): 9.48X Cap: $7.24B
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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 $225.82)
  • $225.82 P/E (TTM): 24.5X Cap: $3B
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• Carpenter Technology Corporation (CRS $247.10)
  • $247.10 P/E (TTM): 33.99X Cap: $12.20B
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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 $4.32)
  • $4.32 P/E (TTM): 19.99X Cap: $956M
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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 $93.52)
  • $93.52 P/E (TTM): 10.46X Cap: $3.55B
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• Hammond Power Solutions Inc. Class A Subordinate Voting Shares (HPS.A $118.13)
  • $118.13 P/E (TTM): 18.37X Cap: $1.45B
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• Docebo Inc. (DCBO $41.62)
  • $41.62 P/E (TTM): 45.44X Cap: $1.23B
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• Propel Holdings Inc. (PRL $32.58)
  • $32.58 P/E (TTM): 15.77X Cap: $1.26B
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• D2L Inc. Subordinate Voting Shares (DTOL $16.51)
  • $16.51 P/E (TTM): 23.63X Cap: $878M
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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 $29,179.39)
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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 $230.37)
  • $230.37 P/E (TTM): 130.97X Cap: $35.65B
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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 $9.02)
  • $9.02 Cap: $506M
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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 $128.15)
  • $128.15 P/E (TTM): 18.12X Cap: $80.67B
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• Freehold Royalties Ltd. (FRU $13.44)
  • $13.44 P/E (TTM): 17.12X Cap: $2.16B
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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 $17.35)
  • $17.35 P/E (TTM): 59.91X Cap: $282M
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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

• Peyto Exploration & Development Corp. (PEY $18.40)
  • $18.40 P/E (TTM): 11.05X Cap: $3.64B
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• Tourmaline Oil Corp. (TOU $58.48)
  • $58.48 P/E (TTM): 14.47X Cap: $21.67B
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• Advantage Energy Ltd. (AAV $11.50)
  • $11.50 Cap: $1.90B
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• Birchcliff Energy Ltd. (BIR $6.15)
  • $6.15 P/E (TTM): 22.11X Cap: $1.67B
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Q: Can you please provide two or three of the best Canadian natural gas producers. Also if there is an etf available please include that.
Happy New Year

Upvote 7

Read Answer Asked by mitchell on December 31, 2024

• goeasy Ltd. (GSY $209.38)
  • $209.38 P/E (TTM): 12.79X Cap: $3.36B
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Q: What should the ultimate p/e ratio for Goeasy be? I know that p/e ratio in this sector tend to be low, but what would be fair in your eyes if say earnings growth plateaued at around 15% per year long term? 10X? 15X? Thanks.

Upvote 4

Read Answer Asked by Michael on December 31, 2024

• Visa Inc. (V $338.12)
  • $338.12 P/E (TTM): 33.43X Cap: $667.32B
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Q: Looking to invest in Visa on NYSE at $383 but on Canadian site found Visa.ca at $30. What is Visa.ca, is it some play on Visa

Upvote 2

Read Answer Asked by David on December 31, 2024

• BMO Ultra Short-Term Bond ETF (ZST $49.07)
  • $49.07 Cap: $4.55B
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• Dynamic Active Ultra Short Term Bond ETF (DXV $19.73)
  • $19.73 Cap: $147M
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Q: What do you think about swapping dxv for zst for 1% higher yield.

Thank you

Upvote 2

Read Answer Asked by JACK on December 31, 2024