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Investment Q&A

Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.

Q: Hi 5i team,

As many do, I currently hold part of my portfolio in fixed income (bond etfs). I am wondering if you can recommend any fixed income or "fixed income like" investments that might hold up best in the current rising rate environment that seems to have a long way to run. I had held ZAG but have switched to VSB with rates rising. Currently even cash is doing better than these however. Thanks!
Read Answer Asked by Peter on March 25, 2022
Q: Hello Team,

Given your past responses it does not seem like you are fans of Colliers or at least would allocate capital to other names first (and don’t like the amount of debt they carry).

I don’t understand this and look at the company as a smaller, younger BAM for the following reasons:

- Their IM is growing by over 50% yoy.
- revenue has compounded over the last decade while ebitda margins have improved from 9.3% to 14%.
- their acquisitions of Harrison st, basalt, antirion have diversified their offering to be more infrastructure than only RE.
- they have already proven to successfully expanded into engineering serivcies.
- Their goal is to have over 65% reoccurring revenue by 2025
- Jay Hennick has proven track record with the stock providing compounded annually return of +20% for 20 years.


I could go on and on but given the tailwinds for alternative asset managers (similar to BAM) and proven track record. I don’t understand how this isn’t in your core stable of beloved Canadian names with the likes of BAM, CSU, TOI, ECN, ATD, GSY, etc.

I would love to hear your expanded feedback on the name


Read Answer Asked by James on March 25, 2022
Q: Would you be able to provide any insights in to what Avante delaying the April 19th meeting means (the news released tonight).

"Discussions with its significant shareholders has led to them postponing the special meeting related to SSC for the time being".

Thanks. - Jeff
Read Answer Asked by Jeff on March 25, 2022
Q: Years ago I bought CJ at $4.20 and recently sold it when it reached that price again. Obviously, a mistake as it is now $7.72. I own WCP and VET which are now back to my original purchase price.
What do I do ? The oil and gas sector is cyclical and I wish to exit this sector as am retired and rely on a safer higher dividend portfolio but do not want to repeat selling these too early. Do I follow analysis target price and /or other metrics, or do I just bail out , happy to get my money back? Thanks .
Derek
Read Answer Asked by Derek on March 25, 2022
Q: What is the teams favorite in the defense armed forces area? Elbit systems( ESLT ) seems to have very positive momentum but PE is over 30;while other majors in this area are have a PE apx. 20. What is the teams opinion of ESLT compare to the other majors in this field. Also please include thoughts on LMT, GD,RTX, and the TSX traded MAL.
Much appreciated Douglas
Read Answer Asked by Douglas on March 25, 2022
Q: I own 18 US Stocks and have losses in the following 6:

1) D.R. HORTON is down 13%
2) ULTRA CLEAN HOLDINGS is down 23%
3) CROCS is down 43%
4) QUIDEL is down 47%
5) CO-DIAGNOSTICS is down 59%
6) FULGENT GENETICS is down 11%

My Portfolio is 20% in cash so I can take advantage when a particular stock is down for no good reason.

All the above are small holdings, and therefore I am able to easily lower the % loss by adding to my holdings, and hoping that once the market recovers, I can sell them for a smaller loss.

Which of the above would you add, and your reasons why ?

Which of the above would you sell, and the reasons why ?

Thank You.
Read Answer Asked by ALNOOR on March 25, 2022
Q: I purchased TFI INTERNATIONAL and ATS AUTOMATION TOOLING in October 2021.

My returns until today are as follows:

TFI INTERNATIONAL is down 4%
ATS AUTOMATION TOOLING is down 14%

Each of the above holdings are only 3% of my Portfolio and therefore I am able to add. Right now, more than 20% of my Portfolio is in cash.

Which of the above would you recommend that I add to based on today's price, and your reasons.

Read Answer Asked by ALNOOR on March 25, 2022
Q: Hi,

A question was asked on March 16 about both GOOG & GOOGL splitting in July. (yes, for both).

I checked and it looks like the CDR version trading on the Neo exchange will follow suit as well, but there is a twist.

From the CIBC-CDR website: "... CDR holders will experience the same economic impact of a share split as they would if the underlying security (GOOG:US) were held directly."

They go on to say, it could either be an automatic increase in the number of CDR shares held (at the same 20:1 split) or it could be an increase in the "CDR Ratio", also by a factor of 20.
Either way it's equivalent, but I'd rather see the extra number of shares showing up in my portfolio, as opposed to just having the CDR Ratio get adjusted in the background by NEO & CIBC.

I guess we will know more in July.
Rob.
Read Answer Asked by Robert on March 25, 2022
Q: Hi Peter and 5i,
This is always a misunderstood stock as far as the breakdown of the components of the distribution. For 2021 - $1.37 of the total $1.53 was eligible dividends. There was no ROC.
Post if you think it is informative.



Record date
Payment date
Full Year

Per Unit Distribution US$ 1.21500

Cdn$/Unit

Per Unit Distribution 1.52422

Box 113 Return of Capital

Box 135 Foreign dividend and interest income 0.10316
Box 132 Actual amount of eligible dividends 1.37120
Box 128 Interest from Cdn sources -
Box 030 Total capital gains (losses) 0.09904
Box 210 Carrying charges (0.04452)

Total taxable income and capital gains 1.52888

Thanks for your excellent service and always valuable input.
Read Answer Asked by Dennis on March 24, 2022
Q: They just released new drilling results and I need some insight. Are these results in line with expectations or perhaps below?

I know this stock has a long way to go but I have a small position and I’m considering adding to it as a long hold.

Are the drill results good and do you have a favourable long term outlook for this stock?

Thanks
Read Answer Asked by Jeffery on March 24, 2022
Q: Regarding the trucking stocks, are they able to immediately pass along their higher costs (ie fuel) to clients? Or do you expect them to express a negative narrative in near term because they have to eat those costs?
Read Answer Asked by Doug on March 24, 2022
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