Investment Q&A

Q: Of these three which two would you recommend and why please? Thanks again. Dan

Q: Hi 5i Team - Could you name a few start-up companies that have good management and decent growth potential as well as some cash on hand to fund operations, research and development for at least the next year, hopefully more. These would likely be companies that have not yet attracted analyst coverage and are low on the radar screen of investors. Any sectors in the U.S. and Canada are fine and market cap is not a concern. I feel that LMN and TOI might fit this description but I already hold them and am looking for some new ideas. Thanks.

Q: Hello,

TD believes that BN is only pricing in BIP, BEP and BAM and ascribing no value to BBU, oaktree, insurance and the real estate.

Do you agree? If so, this must be a deal of a century?

TD- After subtracting the market value of BN's stakes in BAM/BEP/BIP, the stock is ascribing negative value to the stake in BBU (~$1.75/share), real-estate (~$20.00/share), insurance (~$2.50/share), and carried interest (~$3.60/share). BN's ~$4bln of annual FCF provides considerable firepower to address the discount, although share buybacks must be weighed against the prospect of growing the franchise. We believe that BN's conviction in the intrinsic value of its stock price is evidenced by ~$750mm of TTM share repurchases and ~ $100mm of share purchases in the open market by the senior executive team.

Q: Hi Peter, Ryan, and Team,

Portfolio Analytics indicates an overweight position in Utilities where the current holdings are BEP.UN, CPX, and FTS. Only CPX is showing a loss, and the other two have substantial gains. In what order would you sell part positions, in order to raise cash for Consumer Cyclical? This sector’s holdings include ATD, BYD, and CCL.B. In what order would you add to existing positions? Please suggest other Consumer Cyclical stocks to consider starting a position, if you feel it would further diversify our holdings in this sector. Thanks as always for the pertinent advice.

Q: cdn110k suggestions please. ETFs or singleStocks please, us orcdn

Q: Hi,

CNQ has stated that once they reduce debt to 10 billion they will then return 100% of free cash flow to shareholders. How do they arrive at this number of 10 billion. Why not 5 billion? Or even better, why not reduce debt to zero then return 100% of FCF to shareholders?

Q: I,ve held this stock for some time now. Does'nt seem to be going anywhere . What do you think of it ? Hold or sell ? Thanks.

Q: Hello 5i Team,

I have sold MG at the top, is it a buy at this level? the stock momentum is good, car sales are on the upward momentum in the US.

You have B+ rating on MAL, do you still feel positive after the last Q?

Would you add to an existing TIXT (loss position at this point) at this level representing now only 1% of my portfolio (given your B+ rating for the company)?

Q: Could very briefly outline your covered call strategy? Thanks Jim

Q: Looking for "early winners" in "picks and shovels" for AI. Please rank among listed [FN COHR CRDO ANET SMCI] or others at current prices with what you like most about potential

Q: Peter; Doesn’t it yield about 5.4%? Rod

Q: 1 yr H $38.99,current price $34.51, p/p $43.63 many moons ago. Is this a opportunity to add? and what is a good entry price? Txs for U usual great services & views

Q: How long do you think before AI starts changing things for companies? Where do you think we will see the first impact and what type of companies will be affected long range. I know this is a crystal ball question but your opinion of the future of AI and how we should prepare is highly valued.

Q: Peter; Nice pop on LNTH this am(June20) - market down - any news? Thanks rod

Q: A while back there was question about DIR.UN and it was asked what was the catch that this company was paying an extra high dividend something along those lines. Your answer was that when the dividend was paid the stock would drop more than what the dividend was. I tried to find the question and couldn't. I noticed Dream is down considerably lately. Is this because of the dividend that was paid? I haven't noticed it in my account lately. Thank you and hopefully you can enlighten me on this.

Q: Current thoughts on FRU?

Q: If the scenario plays out of higher interest rates for longer; is it logical to presume Reits, and Preferreds, -both sensitive to interest rates, may continue to soften. I have been buying them as they are going down but wondering if this is a good strategy. Could you comment. Thank you.

Q: Peter; When the US market is closed do the NEO exchange securities still trade ? Thanks
Rod

Q: Could you please recommend a couple of your favorite Japanese ETF'S that provide
value and growth?

Stephen G

Q: So here is an interesting one for you. Recent (early) retiree at age 55. Let's assume I have 2 bond funds - one domiciled offshore and set up as a Trust, and the other a traditional mutual fund domiciled in Canada. Assume both have a similar return and distribution profile, as well as holdings. The offshore one only pays nominal monthly distributions, meaning they essentially go towards increasing one's adjusted cost base ("ACB"). It is not an actual cash distribution. This is good in the sense that, in theory, this reduces your capital gains when one sells. The other one pays the same monthly distribution, but it is cash, and not just nominal. As a retiree looking for cash yield, am I being short-sighted in wanting to stick with the fund that pays the monthly cash distribution, or is there something besides what is noted here that I should be more focused on with the fund that pays the nominal distribution? At this stage, all other things being equal, I am inclined to sell the offshore one and just own the one fund that is domiciled in Canada and take the monthly cash income.

And sorry about the long question. I really did try to keep this short :)