Investment Q&A

Q: Your current view on Astera Labs please following this recent quarter.

Q: Premium Brands Holdings (PBH) is part of 5i’s Balanced Portfolio. It reported today and appears to have met or slightly exceeded analyst range of estimates both on EPS and Revenues.

It has completed its sale and leaseback of its Tennessee Sandwich Plant, and used the proceeds to repay a $172 debenture that matured in April, slightly reducing its total debt to EBITDA to 4.2:1 from 4:6:1 for the quarter.

They have also posted a 6 page letter from the CEO to Shareholders entitled “The Future of Food is the Past”

It would be appreciated if you could review both the results and the letter; and provide your comments, as well as sentiment on the company/strategy.

Thank-you!

Q: Would you start a new position today in AEM? What is your outlook for the price of gold for the next three years? Thank you

Q: Your thoughts on the quarter? The share price seems to be rocketing today.

Q: Is it too late to buy or not? Which one if buying AEM and/or another?.

Q: RBC makes up 25% of my equity holdings. I have a profit of 42%. Based on my purchase price I am receiving a 5% yield. Several months ago I reduced RY holdings by 20% due to gains. If it were you, at what % would you be comfortable?

Thanks for all your help,

Mike

Q: Thoughts on earnings report?

Q: May I have your comments on Nutrien’s earnings?

Q: I am overweight in FTS and wish to reduce it and diversify into H or another utility. Do you think that H would be impacted if Ontario decides to retaliate to US tariffs by cutting off US electricity? Is there another utility company that you prefer? I already own some EMA.

Q: Hi 5i
Sezl down 43% this morning...How would you view sezl going forward ...would you continue to hold is and is this just part of the volatility risk?

Just to be clear regarding your answer to michaels question regarding TTDs massive decline this morning....you say "we would not HOLD"..... ie so you mean you would be sellers?
thx

Q: Remote Driving Cars. Are they the new Apple iPhone or a dud?

What company's would be the pick & shovel company's to invest in.

Is something else the new Apple iPhone?

Thank you.

Q: Can you please suggest a US listed inflation-protected bonds ETF?

Are there any global ones or is it really just US TIPS for this product type?

Thanks!

Q: I read an opinion piece in the Globe & Mail on July 25/25 titled "A billion-dollar bet on artificial intelligence is about to hit reality." The gist of the article was that companies are pouring billions of $'s into AI on the premise that it will "lift global GDP by trillions, create entirely new industries and transform how we work." That is to say, the underlying bet is that machines will eventually deliver what humans can’t: scale, speed and 24/7 output. The author believes that while there will be some benefit from AI, it will not be as big as people believe. He says, user results to date remain mixed. More than 80 per cent of businesses using AI technology are not yet seeing significant earnings gains, and most (new) AI deployments have a failure rate of up to 80 per cent. Yet, the spending keeps increasing even though results underwhelm. An MIT economist and Nobel Laureate Daron Acemoglu estimates AI may lift U.S. GDP by a mere 1.1 per cent to 1.6 per cent over a decade, translating to annual productivity gains of 0.05% (nowhere near the level implied by current valuations). If this opinion turns out to be true, I'm wondering if the (tech) market is setting itself up for a massive fall or correction down the road (not unlike the dot com bubble burst of 2000). I'm curious as to what 5i's view is?

Q: When asked about ranking companies for buying a few days before Thompson Reuter’s fall you ranked fairly low. Would that ranking change now wit it’s drop?

Q: I want to protect my gains and I want also to continue to be invested in this company. What kind of simple strategy you would suggest. To be clearest as possible, can you use the true digits of this company. It happen to me some times to buy call options in the past but I am far being an expert in options strategies.

Thank you very much in advance

Q: Are both companies splitting shares? If so when and why?

Q: I hold LLY shares. Following the announcement of weight loss trial results, the stock declined approximately 14%, despite an improved 2025 outlook after a positive Q2 report. My current position is down 20%, and this investment makes up 5% of my portfolio.

Is this an appropriate time to consider increasing my position? Alternatively, are there other securities that you would prefer ? I would like to take advantage of the Trump turmoil. I am overweight technology.

Thank you kindly. Very appreciative of your comments.

Elaine

Q: A couple of generally solid companies (TRI and LLY) have had some serious drops with earnings. Would you be comfortable buying now? Thank-you.

Q: Can you comment on the drop in Eli Lilly? Is this stock worth holding, or are there better names in the sector? Thanks.

Q: Hi There,
I’m considering starting a new position in PRL or TVK. Of the two, which do you feel is the most compelling buy in the current environment for long term growth?
Thank you,