Investment Q&A

Q: Water cooler talk at my son in law’s employment at one of the Mag 7 companies was strongly in favour of the notion that CSU’s price decline is largely due to a drying up of companies for them to buy. Do you attach much, if any, credibility to this thesis?

Appreciate your insight.

Paul F.

Q: When do you think this will turn around and what might that take? Do you think we are seeing retail traders throw in the towel? I was concerned when I was down 10%. Now I’m down 40%. I see you rate it well so I’m holding. I am just losing hope and am frankly worried.

Q: Currently down 25%. How far would 5I let this run before moving on to ? You best case idea Thanks Larry

Q: Hi. I've built positions across the digital asset and payments ecosystem that I'd appreciate your perspective on. My current holdings include: direct Bitcoin ownership (DCA monthly for store of value), FETH (smart contract infrastructure exposure), GLXY (institutional crypto services plus AI compute optionality), and PYPL (established fintech playing multiple angles; PYUSD stablecoin, BNPL, crypto trading, traditional payments, and I use PYPL quite a lot myself). I do also own JPM.

I'm considering adding CRCL but struggling with the valuation at 79x forward earnings (although it is 31x 2 years forward). My thesis is that I already capture stablecoin growth multiple ways; FETH captures a lot of stablecoin volume, GLXY services institutional stablecoin users, and PYPL's PYUSD gives me direct issuer exposure with less regulatory risk since they have diversified revenue streams.

CRCL feels like paying growth multiples for what I think might become a "utility-like" business earning regulated fees. Also, if stablecoins become critical infrastructure the regulatory hammer could fall hardest on pure-play issuers like Circle versus diversified players.

I think my current portfolio seems to cover the bases; Bitcoin for macro crypto adoption, Ethereum for DeFi/Web3 infrastructure, GLXY for the picks-and-shovels institutional play, and PYPL for the mainstream fintech integration angle (+ maybe JPM).

Am I missing something by passing on CRCL? I'm interested your thoughts on whether CRCL offers unique exposure I'm not getting elsewhere? Or if there is something I am overlooking?

Q: Would you buy it at these prices ($21.34)?

Q: Peter Thiel's hedge fund and SoftBank Group Corp. have sold off their Nvidia shares.

What is your opinion on this.

Would you be selling too?

Thank you.

Q: Please comment on the offer. What is the likelihood of a better offer than $3.10 per share coming forward? Do you recommend selling shares now, or waiting?
Thanks

Q: I have a very small position in MCB and I'm following their progress. I found the last earnings report to be rather confusing, some decreases (e.g. revenues, albeit with excuses) and some hopeful indications (e.g. new products). What do you think of MCB? Is it a buy, a sell or a hold? Do you anticipate earnings growth going forward?

Q: For a senior with capital preservation and yet a desire for some growth, are there 6 or 7 stocks that you believe are a must have? What about another 2 or 3 for a small allocation with a growth slant?

Q: Hi 5i
I hold small positions of these 2 ETF's in LIF accounts for their extrordinary dividends. I really don't understand how they are able to maintain the payout but it seems to be working well. Could I have your opinion of each ETF with a brief explanation of how they work please. Would you add to these for a full position? Thanks as always for your expertise and guidance.
Gary

Q: What are 5 names in Canada and in the US that look interesting with tax loss selling this year?

Q: Hi 5i - what’s your take on HR.UNs recent update? Would you suggest continuing to hold or dump it now?

Thanks, Neil

Q: Post Q3 earnings and forecast, can you please provide an updated opinion on GRMN?

Q: Hi team,
Any predictions on when the irrational selling in our favourite growth names will stop? The US government SD ends and the market wants to plummet in what it seems almost all growth stocks, quality names or not. The prediction of the bull continuing to play out does not seem correct lately. Seems like we are in free fall mode. What if any catalysts will bring calm to the markets ?

Q: For more defensive US stocks (I.e. non tech) how would you rank the long term performance of the following CL, Cost, HD, MCD, SYK and URI. I have all of these, but I am not happy with the performance of CL nor MCD and I am thinking of selling them and upping my positions in the others. I am not worried about being concentrated in too few stocks, as I have the opposite problem.

Thanks for your thoughts.

Q: I have noticed that APLD has lost lots of momentum. What price would be a good entry?

John G.

Q: CAN I GET YOUR OPINION, ANY REASON FOR THE RECENT UP SWING?

Q: Would you consider doing a deeper dive/special report on Tesla? Obviously a US company but what an interesting situation. Shareholders are always craving for managements interest to be aligned with shareholders. Seems like a 7x over 10 years is as good as it gets. I'm not clear on what the various hurdles are along the way and how his pay is reflected, or what happens if he only achieves 80% of his goals? Or can you direct me to where a full explanation(simplified) has already been done?

Q: Most AI related stocks including Celestica have come under pressure, this week, presumably, due to concerns emanated from recent trend of capex financing through debt issuance by some hyperscalers.

Michael Burry's short report has also been widely circulating, accusing Maga Tech companies, understating depreciation related to expensive chips ( he also promised more details on Nov 25 ), thus inflating profit margins.

What is your view on these concerns ?

Where do you see a floor for CLS ?

Thank You

Q: Any information on this company will be greatly appreciated.

Thanks

Thomas