Investment Q&A

Q: Which website would you suggest to look at RSI?

Q: Hi 5i Team,

I have been researching the financing models of neocloud operators. It appears that these companies are financing their GPU infrastructure investments at capital costs that significantly exceed their return on invested capital (ROIC). In other words, their cost of capital is materially higher than their ROIC, resulting in a value destruction dynamic where each dollar of new capital deployed actually destroys economic value rather than creating it.

This situation raises questions about sustainability:

1. How are CoreWeave, Nebius, and similar operators financing these substantial infrastructure buildouts, given the mismatch between capital costs and ROIC? Is this model sustainable in the long term, or does it rely on continuous refinancing and favourable market sentiment?

2. Considering Galaxy Digital's recent announcements regarding data center partnerships and infrastructure initiatives, how exposed is Galaxy Digital to these neocloud operators? What percentage of GLXY's revenue or growth expectations is tied to these relationships?

3. If the neocloud financing model proves unsustainable, meaning operators like CoreWeave or Nebius encounter difficulties with refinancing or solvency, what impact would that have on Galaxy Digital's business and financial projections?

I would appreciate your perspective on whether this concern regarding capital structure is reflected in GLXY's valuation, or if it poses an underappreciated risk for investors.

Thank you for your continued insights and research.

Best regards,

Matt

Q: What is going on with this Company? Has it still been sold?

Thanx as always
Gary

Q: If you were to buy 5 stocks for their dividend what would they be?

Q: Do you think this is a good time to take a partial position in NPI or do you foresee tax loss selling resulting in more of a sp decline?

Thank you

Q: Nuttall seems to strongly favour natural gaz stocks over oil for various reasons (AI,LNG etc..) but climate is a factor of volatility. What is your view about oil vs natural gaz stocks as investor and for the upcoming years ?

Q: The mag 7 have been issuing bonds to pay for their AI.

Are these a good buy? Are they available to retail investors? Are there easy ways to buy them? An etf perhaps?
thanks

Q: I’m considering selling WELL for a tax loss. And buying VHI as replacement for at least few months. Thoughts please?

Q: Hi, these are my growth stock and would like to know in which order you would sell . Will sell one and maybe lighten up on on two other.
Thanks

Q: Wsp has dropped over 20% in past month. Slide started before earnings report in early November and accelerated after earnings. At what price would you consider stepping if you already owned Wsp at a lower cost base. I’m very tempted right now!

Q: Thank you for the excellent market update comparing the AI boom to history. What are the top 'capex-light' companies that you feel may participate in the AI boom?

Q: Hi, I don’t think I worded my recent question about the energy/mining sector very well. I was looking for some ancillary type company suggestions, like the company that supplies the sand for fracking or provides well services or repairs or leases the mining equipment or is going to build the roads to remote mines…that kind of thing. I guess anything that might be on your radar or comes to mind as an opportunity in that space broadly.

Q: I missed the update flash report. Where can I find it?

Q: Goodmorning
What are your thoughts on veev results they looked good but the market does not seem to like them?
Thks
Marcel

Q: I'm up on this stock and now considering a sell in a registered account. I'm hesitating because of its inclusion in the federal government major projects list. Are there any other near term catalysts that might move this stock higher? Would you sell if owned?

Q: Good morning 5i
I am looking for a tax loss selling candidate. Each of the three mentioned above, I would like to buy back after thirty days. Which one do you think is the least likely to run away on me?
Thanks for the great service and I put an upvote for the question regarding how the young man might be able to buy a Harley Davidson, mostly to emphasis that the first and best thing to to would be to get a membership in 5i

Q: Once one of my portfolio all stars has fallen onto hard times.

Down 4% today, and 18% in the past 3 months.

What is ailing this once great performer?

Sheldon

Q: Any reason for the drop in WSP?

Q: The way things look right now, it is difficult to see how energy and materials (mining) won’t play a major role in keeping Canada afloat. It seems we have things the world needs/wants if we can get over our distaste for being prosperous. I’m wondering if you can suggest some “pick and shovel” plays in the space generally?

Q: Please flesh out your use of RSI.
What patterns or movements do you consider most relevant in trying to identify bullish or bearish moves?

Thank you,

John