Investment Q&A

Q: Rumours of a takeover bid by a US private equity firm. If bought what do you think would be a takeover price for CAE based on their market
capitalization and moat.

Q: I hold a position in Axon. 2025 has basically been a flat year for this stock. Do you see more upside in the future? Thank you for your excellent service.

Q: Wondering your thoughts on SN? My investment thesis is below, curious on your take?

Healthy top line growth, past and future with 10 consecutive quarters of organic double-digit top-line growth as of Q3 2025, also raised sales guidance which includes very conservative tariff estimates (i.e. high tariff rates)

Trading at 16x NTM earnings and 14x 2 years estimated earnings
Forecasting to approximately double cash flow over next two years
Debt/Equity of 0.4 and low net debt slightly above next years forecast cash flow

Plays into K shaped economy theme focussing on mid to upper tier consumers with discretionary, "nice to have" items

Motivated and capable leadership (featured in Bloomberg Businesweek recently), this is also confirmed by gross margin expansion through cost reduction during a difficult year for trade


Excellent marketing engine with proven track record using multiple sales channels (DTC, celebrity partneships, etc.)

Lots of success with new product lines, 25 introduced in 2025 and 3 that were category disruptors
Planning to significantly expand in Europe
Systematically reducing supply chain reliance on China

What's the bear case?

Q: As I do my year-end review, I am always looking for moves that can add potential ZIP for next year while being mindful of my senior years (old). My portfolio is well established in weighting and sectoral positioning. Chp.un has been in it since 2020 and has given me a 16% return (x div). It seems to have a muted outlook for 2026. What is your view on a switch to the somewhat out-of-favour car.un. At $37.80 ish and estimated up to $48 range next year, it seems like a solid move for growth potential. Not too worried about the minor div variance here. As always thank you for your service.

Q: Other than the yield, is there any significant difference between these 2 cash etfs? I currently have a substantial amount of cash in a money market fund. The return from CMR would be almost a full point higher. Is there any additional risk or downside to holding a cash etf vs a money market fund? Thank you for your help.

Q: What is your opinion of AG First Majestic Silver. Looking at the questions you last had one in 2023.

Thanks

Q: If you had to pick one, which would you buy and why?

Q: Paypal. Sell or Hold. I can use a writeoff, moreover, would like to Get better return. Your advice, always precious.
Thank you

Q: Hello Team,
Which of these two would you prefer for total return over the next few years and why?
Thank You,
Barry

Q: Which would you prefer for long term income? Thanks

Q: Could I please have your thoughts on the recent quarter?I think I know your thoughts on the company but maybe you guys see some positives.
Thx

Q: is their any future for this company. the stock price has gone nowhere, any chance of a take over?

Q: Peter; In your report it says they produced 22 million oz in2011 - what are they currently producing - or expected to produce . Thanks.
Rod

Q: I'm looking to deploy some funds outside of North America, for perspective my portfolio consists of mostly small, growth companies, I can handle very high volatility, and spend time daily managing my holdings and size positions. Have a couple of etf's that would fit my style?

Q: I don't like the way CDRs handle SPLITS "CIBC does not 'split' the CDRs in the typical sense. It instead adjusts the ratio of how many partial shares each CDR represents. This has been done now for NFLX."

Does it make sense to SELL my NFLX CDRs and BUY Regular NFLX on the Nasdaq??

Thanks for your amazing service!

Q: Sold LMN for tax loss ~10 days ago and will buy back in ~20 days. Would TOI be a reasonable replacement in the meantime?

Q: Can I get your opinion on these two companies and what you think of the long term prospects?
Thanks

Q: Hello Everyone,

May I have your thoughts on SMX:US (security matters) please? Talk about an absurd chart. Is there something real here in the premise of its molecular-level verification system that is permanent through the processing stages as a form of verification? Or is this more likely a pump and dump?

I only heard about it today, so I'm just staring to look into it and would appreciate your assessment. It's done 1000% in 2 days. Yikes.

Thank you,

Sandra

Q: Hello Peter and team at 5I:
With many REITS trading at a discount to Net Asset Value, would you please give a list of those you consider good value at this time. Thank you for your amazing service. Barbara

Q: I get an email from Seeking Alpha every once in a while touting various stocks and ETF's . I recently got one on GPIQ { not in your data base } with a rather glowing assessment . For brevity I will just quote their summary ......

" The Goldman Sachs Nasdaq-100 Premium Income ETF offers a compelling blend of capital appreciation and double-digit yield, amassing $2.12B AUM in just over two years.

GPIQ’s dynamic covered call strategy leaves upside partially uncapped, enabling strong monthly income and market-beating total returns compared to peer ETFs.

The ETF’s monthly distributions remain stable regardless of Fed rate changes, making GPIQ attractive for income investors in a declining rate environment.

While GPIQ carries risks tied to tech sector performance and execution, its
proven strategy positions it as a top choice for income-focused investors seeking growth. "

What is 5i's assessment of this ETF and why ? ..... Thanks for your terrific service ......