Investment Q&A

Q: Hi 5i, First a big thanks for your blog report on CSU's meeting to discuss AI impact on their businesses. Do you think the markets will re-rate these companies? If you owned these companies what would you do going forward? Will this impact your weightings in the 5i portfolios? Thx.

Q: Thanks for the detailed Blog Post.

Please advise if you would consider CSU as a buy or hold. What price would you consider as Strong Buy.

Thanks for the great service

Q: Hello - always enjoy Q&A from submitters and your helpful, value-added responses. I purchased LNTH a few months back expecting an upside and a long term hold. Not sure it was a great idea and wanted your thoughts on it.

Q: In reviewing recent Q&A on this it would appear that you are luke-warm at best on this name. I was wondering if you could confirm my percpetion, but also comment on debt loads and dividend security. They would seem like a good candidate for privatization.

Q: Hi 5i,
May I please have your current opinion on Electrovaya as a 3 to 5 year hold?

I see that the stock price has gone up recently.

If you could provide some insight on the company and their future prospects it would be appreciated.

Also, do you feel that there is much in the way of risk related to U.S. tariffs and the upcoming renegotiation of CUSMA.
Thanks!

Q: Have more than a 100% gain on these two companies, is it time to take some profit?

Q: I have $10k to invest and I want to buy some stocks (Canadian or CDR) that are underpriced.

I was thinking to invest in TRI, MDA, TFII, TVK and GSY. Maybe Amzn.

For a 3 year hold, how would you rank these stocks? Any other suggestions.

Q: I see "Brookfield" is spinning out Rockpoint Gas Storage Inc. RGSI will own 40% of the storage facilities and "Brookfield" owning the remaining 60%.
Where is the offering coming from? from BAM or from BN?
I read this: "Rockpoint Gas Storage is owned by Brookfield Infrastructure Fund II and Brookfield Americas Infrastructure Fund, both of which are managed by New York City based Brookfield Asset Management". So I suppose shareholders of just BAM might get shares as a dividend? Too bad "Brookfield" has such convoluted ownership.
Or do we just subscribe to the IPO or buy shares in the open market.
Is there any hint of share price or of dividends?
What is your opinion of RGSI? Any information you have will be appreciated. Thanks.

Q: Good Morning

I would like to consolidate my positions in HPS.A and TFII
Option 1 sell TFII and add to HPS.A
Option 2 sell HPS.A and add to TFII
My choice is option 1
What would be your recommendation
Thks for all you do
Marcel

Q: I already own CSU and GSY at a Full Position, but I like to buy things on sale;)

I assume the short position report might hurt GSY for a bit, but if fundamentals are good it should bounce back in short order.

As with CSU, I don't think I would ever bet against it.

I don't need to own more of either, but when good companies move like this, I think there is a good opportunity to make 10-20% on a rebound.

I know that is not good long term strategy, but in this circumstances like this, is it a okay strategy to try and catch the bounce back or is there to much risk.

I would rebalance after the bounce if it comes in short order, but also okay if it becomes a longer term hold.

Q: I have held Brookfield for 15 years. I have reviewed their investor presentation several times in the last week. With the Wealth Solutions and carried interest projected growth they forecast a 25% Distributable earnings growth is possible over the next 5 years. It looks like they have shifted gears and the next 15 years of business growth should be better than the last 15. Any comments

Q: Hi Peter,

Thank you for your answer. I would appreciate it if you could answer the second part of my question as well.

"Q: Hi Peter,

I have a question about Nvidia’s proposed $100 billion investment in OpenAI. From my understanding, the funds will be used to purchase Nvidia’s own GPUs. How should investors interpret this circular funding in terms of valuation integrity and long-term sustainability? Does it raise red flags about inflated revenue or distorted market signals? Considering the deep entanglement between Nvidia, OpenAI, and Microsoft, at what point does this trio resemble a functional monopoly in the AI ecosystem? If it walks and quacks like a duck, it is a duck! Is it time for regulators or competitors like Google and AMD to step in and balance the power? I doubt the government knows or will to do anything. I would love to hear your perspective.

Best,
Matt


5i Research Answer:
Certainly NVDA is trying to tie up the ecosystem, that we are fairly sure of. It wants to control the datacentre market, which of course means a captured market for its GPUs. It is a virtous cycle (invest in a company, it buys chips, sells out space in its datacentre, and gets cash flow to buy more space). However it does rely on incremental demand, and this could be a problem. CRWV, for example, is using debt for much of its funding, and this could certainly backfire when demand slows. For now, it is an arms race, though, with insatiable demand requiring massive funding. NVDA has the ability to fund these companies. However, it does not have $100B sitting around. It will come over time (the deal right now is just a letter of intent). NVDA has said that, in a $10B data centre, as an example, it would sell about $3B of GPUs to it. It is not quite a 100% 'selling to itself' as some believe. But it is a circular event, and some accuse NVDA of essentially funding sales to itself. It is more than this, but does carry risks. "

Best,
Matt

Q: What do you think of kinaxis as a growth stock? In the canadian landscape what would be 2 or 3 best choices in this aera (except Cls et Shopify )?

Thank you very much for your excellent service.

Q: This could help JEFF with his question on September 19.
There is a CLO ETF in US, JAAA Janus Henderson CLO ETF that has a longer history and good track record.

Q: Current thoughts on NXT in relation to green energy (solar) on a global (non-U.S) context?
Are they leaders in their particular field?
Long term aspects/outlook?

Q: Good afternoon;

My initial question was going to be solely about On Holdings. It is almost getting to be one of those companies that'd capture the interest of Peter Lynch, as it is showing itself across sports these days. Yet the real question is likely a bit bigger picture...

Could you provide me with your take on the "Active Wear" apparel market these days? I've provided a few names that may be competitors and there are more. All things being equal is this a sector worth investing in at this time given what seems to be lacklustre performance of many companies and "turnaroud" becoming a bit of a buzzword.

If you could also provide a best - least best top 5 to consider in this sector that would be appreciated.

Thanks as always,

Dave

Q: My TFSA consists of these 6 stocks and I am looking to add to probably 2 of them. Can you give your opinion as to which you would pick based on current price and future long term (3 to 5 years) growth. Use as many credits as you see fit. Thank you

Q: What is your opinion and valuation on this? Good time to buy it vs other mid caps because it may be temporarily discounted due to 2 large investors recently selling their positions or do you feel thats a vote of no confidence in their prospects going forward. Less likely to be taken over vs. Newmont and Agnico just raising funds for other purposes.

Q: Any reason that you know of for today's drop in ATRl's stock price?

Q: Seems investors are not impressed by CSU and continue to sell off all these names. I have around a 10% allocation to the family (4% CSU, 4% LMN, 2% TOI). I'm contemplating reducing my positions and adding to MDA, ZDC, CLS, ISRG, TOU. What are your thoughts? I'm concerned because CSU and LMN are one of the larger positions in my portfolio. Thank you!