Investment Q&A

• Brookfield Infrastructure Partners L.P. Cumulative Class A Preferred Limited Partnership Units Series 11 (BIP.PR.F $25.35)
  • $25.35 P/E (TTM): 504.0X Cap: $16.59B
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Q: I would appreciate your thoughts on the above minimum rate reset preferred share. Please confirm the dividend receives the dividend tax credit , the new dividend rate and the security of the dividend. Also do you have any thoughts about why it appears to be trading at a discount to its peers especially when it has just reset at a higher rate. Do you have any concerns about these shares?Thanks Brian

Upvote 1

Read Answer Asked by Brian on January 05, 2024

• iShares U.S. Aerospace & Defense ETF (ITA $196.45)
  • $196.45 P/E (TTM): 78.83X Cap: $9.02B
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Q: With all the continued unrest and conflict is there any compelling investment case for military or armament stocks?
Thank you

Upvote 2

Read Answer Asked by Marty on January 05, 2024

• Bank of Nova Scotia (The) (BNS $77.03)
  • $77.03 P/E (TTM): 16.15X Cap: $95.94B
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Q: BNS has been a big disappointment for many years. With every year that passes, I say to myself to be patient and give it more time. The new CEO needs time, the acquisitions need time, the valuation is attractive, reversion to the mean is a powerful force, 5i really likes it etc etc. Yet each year, there is no improvement.

I just looked at TD's EPS Consensus Expectations for 2024, and they are less than 2023! Earnings for 2023 were poor, and considerable lower than 2022 and 2021.

Please tell me why I should continue holding on.

Thanks

Upvote 12

Read Answer Asked by Greg on January 05, 2024

• Apple Inc. (AAPL $229.09)
  • $229.09 P/E (TTM): 34.8X Cap: $3.40T
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• Amazon.com Inc. (AMZN $222.69)
  • $222.69 P/E (TTM): 33.95X Cap: $2.37T
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• Microsoft Corporation (MSFT $522.04)
  • $522.04 P/E (TTM): 38.27X Cap: $3.88T
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• NVIDIA Corporation (NVDA $182.70)
  • $182.70 P/E (TTM): 58.94X Cap: $4.45T
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Q: You remarked about Apple that "above average market returns will be difficult to come by in the near-to-medium term." What tech-space alternatives would you suggest, if one wanted to move some money from AAPL to a company with better medium term grown prospects?

Upvote 17

Read Answer Asked by Martin on January 05, 2024

• Intel Corporation (INTC $19.95)
  • $19.95 Cap: $87.32B
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• Texas Instruments Incorporated (TXN $187.22)
  • $187.22 P/E (TTM): 34.23X Cap: $170.20B
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• Spirit Aerosystems Holdings Inc. (SPR $39.90)
  • $39.90 Cap: $4.64B
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• Transdigm Group Incorporated (TDG $1,389.77)
  • $1,389.77 P/E (TTM): 46.89X Cap: $78.31B
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• GSI Technology Inc. (GSIT $3.30)
  • $3.30 Cap: $110M
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• Taiwan Semiconductor Manufacturing Company Ltd. (TSM $241.83)
  • $241.83 P/E (TTM): 31.64X Cap: $1.25T
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• Heico Corporation (HEI $313.39)
  • $313.39 P/E (TTM): 73.05X Cap: $43.59B
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• RTX Corporation (RTX $154.86)
  • $154.86 P/E (TTM): 34.04X Cap: $207.28B
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Q: Would these be good candidates for a TFSA ?

Upvote 3

Read Answer Asked by Robert on January 05, 2024

• Miscellaneous (MISC)
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Q: Hello and Happy New Year,

Can you please provide a simple ETF portfolio for the average middle-class Canadian, with no private pension, and who has some time to watch the markets but not a lot, and who just wants to commit to a dollar-cost averaging investing plan for the next 20 years?

Thanks,
Robert

Upvote 3

Read Answer Asked by Robert on January 05, 2024

• WSP Global Inc. (WSP $280.00)
  • $280.00 P/E (TTM): 51.13X Cap: $36.53B
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• TerraVest Industries Inc. (TVK $158.30)
  • $158.30 P/E (TTM): 39.58X Cap: $3.08B
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• Hammond Power Solutions Inc. Class A Subordinate Voting Shares (HPS.A $132.52)
  • $132.52 P/E (TTM): 19.87X Cap: $1.57B
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• Aritzia Inc. Subordinate Voting Shares (ATZ $72.60)
  • $72.60 P/E (TTM): 36.48X Cap: $8.33B
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• Topicus.com Inc. (TOI $180.78)
  • $180.78 P/E (TTM): 87.6X Cap: $23.47B
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Q: Which 3-5 Canadian stocks would you be buying with your TFSA & FHSA contribution?
Thank you

Upvote 33

Read Answer Asked by Gowtham on January 05, 2024

• CGI Inc. Class A Subordinate Voting Shares (GIB.A $132.02)
  • $132.02 P/E (TTM): 17.44X Cap: $29.62B
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• Constellation Software Inc. (CSU $4,599.93)
  • $4,599.93 P/E (TTM): 96.06X Cap: $97.47B
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• Celestica Inc. (CLS $285.87)
  • $285.87 P/E (TTM): 46.48X Cap: $32.87B
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• Shopify Inc. Class A Subordinate Voting Shares (SHOP $205.82)
  • $205.82 P/E (TTM): 123.17X Cap: $267.02B
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• WELL Health Technologies Corp. (WELL $4.90)
  • $4.90 Cap: $1.22B
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• Topicus.com Inc. (TOI $180.78)
  • $180.78 P/E (TTM): 87.6X Cap: $23.47B
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• Lumine Group Inc. (LMN $51.90)
  • $51.90 Cap: $13.31B
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Q: I am interested in buying the following stocks. What would be your 1st to 7th order in buying? Also what would your entry price be for each one.

Upvote 13

Read Answer Asked by James on January 05, 2024

• Toronto-Dominion Bank (The) (TD $100.76)
  • $100.76 P/E (TTM): 10.31X Cap: $173.55B
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• Bank of Nova Scotia (The) (BNS $77.03)
  • $77.03 P/E (TTM): 16.15X Cap: $95.94B
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Q: I have held BNS shares for approx . 3years but am considering switching them for TD. I think TD has a better runway for growth in the is USA versus BNS growth in SA and the islands . your thoughts please

Upvote 7

Read Answer Asked by Ross on January 05, 2024

• SPDR Homebuilders ETF (XHB $108.15)
  • $108.15 P/E (TTM): 35.05X Cap: $1.58B
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• iShares U.S. Home Construction ETF (ITB $103.86)
  • $103.86 P/E (TTM): 29.42X Cap: $2.77B
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• Direxion Daily Homebuilders & Supplies Bull 3X Shares (NAIL $69.90)
  • $69.90 P/E (TTM): 29.48X Cap: $506M
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Q: With the pull back do you think this is a good way to play US home builders?

Upvote 1

Read Answer Asked by Dale on January 05, 2024

• The Walt Disney Company (DIS $112.43)
  • $112.43 P/E (TTM): 22.94X Cap: $202.14B
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• Crocs Inc. (CROX $75.24)
  • $75.24 P/E (TTM): 4.61X Cap: $4.10B
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Q: Would you prefer DIS or CROX is the consumer space?

Upvote 4

Read Answer Asked by Mike on January 05, 2024

• Neighbourly Pharmacy Inc. (NBLY $18.60)
  • $18.60 Cap: $833M
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Q: Hi,
Happy New Year. Any opinion on when shareholders should expect an update from Persistence Capital Partner on the latest offer? Is there a guideline that companies are required to follow, provide update etc . I believe the old offer was to close in January and the SP continues to drift on no news.
Thanks,
Kerri

Upvote 7

Read Answer Asked by KERRI on January 05, 2024

• Invesco S&P 500 Equal Weight ETF (RSP $183.08)
  • $183.08 P/E (TTM): 45.26X Cap: $71.81B
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• Invesco S&P 500 Equal Weight Index ETF (EQL $38.22)
  • $38.22 P/E (TTM): 45.24X Cap: $1.39B
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Q: Could you please recommend a couple of equal weight S&P 500 ETF's with low MER's, thank you. Please note if there is any hidden fees outside the MER.

Upvote 4

Read Answer Asked by Cheryl on January 05, 2024

• Whitecap Resources Inc. (WCP $10.11)
  • $10.11 P/E (TTM): 6.92X Cap: $5.93B
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Q: hi folks:

why do you suppose whitecap is around 2 year lows?

seems like most 'in the know' favour it as a well run, solid energy co

comments?

thanks

Upvote 6

Read Answer Asked by Robert on January 05, 2024

• Invesco Aerospace & Defense ETF (PPA $146.69)
  • $146.69 P/E (TTM): 64.89X Cap: $6.08B
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• iShares U.S. Aerospace & Defense ETF (ITA $196.45)
  • $196.45 P/E (TTM): 78.83X Cap: $9.02B
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• SPDR S&P Aerospace & Defense ETF (XAR $214.39)
  • $214.39 P/E (TTM): 92.97X Cap: $3.89B
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Q: Please suggest some defence spending etfs. Thanks.

Upvote 2

Read Answer Asked by Murray on January 05, 2024

• Savaria Corporation (SIS $20.87)
  • $20.87 P/E (TTM): 30.25X Cap: $1.49B
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• Aritzia Inc. Subordinate Voting Shares (ATZ $72.60)
  • $72.60 P/E (TTM): 36.48X Cap: $8.33B
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• SAP SE ADS (SAP $292.12)
  • $292.12 P/E (TTM): 94.27X Cap: $358.87B
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Q: Hello,

Looking for advice to invest our RESP contribution this year for my daughter. Time horizon is 17 years. Do you prefer any of these for good growth, or are their any others you would prefer (companies traded in Canada would be ideal)?

Thank you, and Happy New Year.

Upvote 5

Read Answer Asked by Satish on January 05, 2024

• iShares Russell 2000 Growth ETF (IWO $291.54)
  • $291.54 P/E (TTM): 4.55X Cap: $11.73B
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• iShares Russell 2000 ETF (IWM $220.32)
  • $220.32 P/E (TTM): 32.1X Cap: $60.85B
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• ISHARES TRUST (IJT $133.91)
  • $133.91 P/E (TTM): 40.43X Cap: $6.01B
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Q: Indications are that the market breathe is improving and therefore various analysts are recommending the small cap Russel 2000 index. Would you agree and therefore have a suggestion or suggestions of how to invest in this potential opportunity. My other question is would there be a Russell 2000 ETF that you would recommend and a Russell 2000 high growth ETF that you know of?

Thank you

Kim

Upvote 5

Read Answer Asked by kim on January 05, 2024

• Altus Group Limited (AIF $52.93)
  • $52.93 P/E (TTM): 6.23X Cap: $2.35B
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Q: Please analyze this one. I'm in the lucky position, having it long enough, that I'm still decently positive but questioning it's future. Worth holding for awhile or moving on? Thank you.

Upvote 1

Read Answer Asked by Raymond on January 05, 2024

• Tutor Perini Corporation (TPC $56.41)
  • $56.41 Cap: $2.97B
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Q: What are your thoughts on Tutor Perini (TPC)? Does it have potential as a play on the US infrastructure theme? Are there other small caps you’d prefer in the same space? Thanks.

Upvote 2

Read Answer Asked by Brian on January 05, 2024

• Bank of Montreal (BMO $155.21)
  • $155.21 P/E (TTM): 13.76X Cap: $112.07B
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Q: Good morning,

Noticed BMO p/e meaningfully higher than other Cdn banks at 23x- is this accurate and if so can you please illuminate me as to why?

Thank you

Upvote 2

Read Answer Asked by Brad on January 05, 2024