Investment Q&A

Q: Thoughts on Trisura’s quarter?

Is there a chance this company makes its way into your favourite small caps at some point? Especially considering it’s Mawers top holding.

Q: Hello, I bought ZQQ on 25 January 2021 for CDN $96.79/share. Its price on 26 April 24 was $27.73/share which is 28% gain. My understanding is ZQQ owns QQQ and is CDN $ hedged. QQQ had gain of 42% in US$ for the same period. Exchange rate (US$ to CDN$) for the same period had 7.6% gain. I expected ZQQ return to be roughly QQQ gain minus gain due to change in exchange rate (because it is hedged) which would be 42% - 7.6% = 34.4%. Why ZQQ return is 28% and not close to 34%.

My broker statement shows ZQQ declared dividends and shows DRIP for the same amount as dividend. There was no change in Cash balance and no change in ZQQ shares. What happened to the dividend and DRIP? Broker statement shows cost base of ZQQ went up by the same amount as dividend. This is in my TFSA. Can you please explain what is going on here. Thanks.

Q: What is your opinion on LTRX's fiscal 2024 Q3 results and Q4 outlook and the valuation of its current stock price?

Q: Can you tell me what you think of this company? Buy?

Q: Thank you to 5i and your members that responded to my question. I went back to TD and they are now saying they made a mistake - you can indeed hold a USD RRIF in an unlocked account. I would never have guessed there was a difference between a locked and unlocked RRIF and not sure why TD would not have made the distinction for me. 5i and its members are the best. Thank you!

Q: Your thoughts on Lantheus last quarter report. Do you see this as a good investment for the next 3-5 years, and if so why?

Q: Hello,

A few years ago I read that Canada was on it's way to becoming a tax haven similar to what is offered in the traditional Carribean countries. Although my corporate tax rate is ok(12% or so) I am finding equity erosion from currency devaluation/inflation, closing off capital gains benefits, etc is outstripping my ability to grow/preserve my capital.
From seeing some of the upcoming
coercion like changes w.r.t. taxation, private property, etc and an anti-saving/working/investment mindset that seems prevalent in the press makes one think Canada has or is becoming a very unfriendly place for capital preservation and growth.
Is this a new phenomena?

Thank you for your sage counsel.

Q: Good morning, I was wondering if I could get your updated views on these two companies: TGH and SPN. Tornado has had some great numbers recently due to a contract with Ditch Witch and Snipp was bit scary for a while but seems to be back on track. I bought in to TGH at 0.09 a share and have a large position. I am not sure if I should take some profits or stay the course. Thanks so much for your insight.

Q: I really appreciate the company profiles you offer. I have a question about profitability ratios. I am wondering the difference between EBIT and EBITDA also profit margin cont.op vs. profit margin total op. Is there one metric that is more important than another when considering a companies profits. Thanks Steve

Q: I currently hold TCN in my US account to get the dividend in US dollars. Today I noticed TCN was listed as a CDN holding in my US account. I phoned TD to find out why and they informed me that TCN was delisted in the US. My understanding is that Blackrock offered 11.25 US a share for the takeover. So does this mean I will only be paid in Canadian dollars in my US account and then I would have to pay exchange fees to US dollars. Confused

Q: Can you please give me 5i's view on Hispania Resources Inc.

Thanks in advance John

Q: What is your forecast for long term US Treasuries over the next 3 months and again for one year out.
I purchased an ETF which holds long term US treasuries expecting a flat to downwards move in interest rates. The exact opposite has happened which has resulted in downward pressure on the ETFs unit price basically wiping out the distribution.
Your crystal ball please.

Q: Is CVE:CA a buy ?And why? Thank you

Q: You recently suggested Vestis as an alternate to Cintas
The stock dropped 40% today
Do you still do you see this as a potential buy? Why or why not?
Ty

Q: What’s your view on Toromont earnings today? Is the drop in share price an opportunity to buy?

Q: Are you a buyer of this stock today with the latest financial report. How would you characterize todays stock price as far as cheap/expensive.

Q: Hello Peter,
Would it be a good idea to add to Topicus and Lumine group given their results? I was thinking to top it up to 5 percent weight each. . Thanks very much

Q: Comments please on earnings release today? Thank you.

Q: Hi I am following up to your response about my recent question relating to chosen positions for Sector allocations and your response:
Our data is pulled from a third party, which uses the same classifications as the TSX. There are two general sector classification systems. These are reviewed on an occasional basis, but we do think AQN and BEPC are very 'utility like' and could be re-classified as utilities.

As a longtime paying PA subscriber is it not important enough that some one at 5ii vet this information on behalf of your members - choosing the positions to reflect the correct RECOMMENDED sector allocation is quite important ....is it not ? Confusing your Utilities and Energy positions would be a huge problem for your Income Focused Investors whom are not sophisticated enough to question this discrepancy or time consuming for more technical investors whom have to have a footnote to reallocate correctly and not be able to refer to the PA analysis ?
pls advise

Q: any recommendations pro or con on this company? very attractive dividend