Investment Q&A

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

Q: I recently read the Simply Wallstreet report on PRL . Could 5i comment on what you agree/disagree with and why ? Their analysis is below .....

Positives

Earnings are forecast to grow 33.56% per year
Earnings grew by 83.6% over the past year

Negatives

Interest payments are not well covered by earnings
High level of non-cash earnings
Dividend of 2.02% is not well covered by cash flows
Significant insider selling over the past 3 months
They also gave it poor marks for valuation to peers in their Snowflake Analysis diagram

Thanks for your always valuable analysis ......

Q: Ignoring the the stock based compensation issue, it seems this company is caught with increasing administration costs , negative net cash flow generation , decreased ( slightly ) margins , This is countered with continuing growth in sales and backlog and and a forthcoming product price increase. I am interested to see if financially they are able to handle these dynamics. Their products seem good and they are in the big themed industries
( data centres, EV charging , infrastructure etc ) but could you dig into their financial capabilities for us. Thanks . Derek

Q: Seems like they are going to have trouble keeping up with demand. They are expanding to $900 million capacity, and then $1 billion by end of decade. If they want to grow faster and keep up with demand and capture market share, would they buy a competitor to gain more capacity faster, or?
What would you advise them to do strategically?
Could they be acquired by a larger company?

Q: Morning, your thoughts on the quarter including forward earnings. Growth seems strong. Any interest here?

thx, M

Q: What are your thoughts on this BDC?
And can you recommend another high dividend US BDC? Thanks

Q: Regarding Scott’s question on USD RRIF ACCOUNTS AT TD Direct Investing. If the RRIF account is unlocked, you can have it in USD. If it is a locked account (transferred from company pension) TD will not allow USD account.

I’ve been asking TD about that issue for years. They keep saying they’re thinking about it but it’s never happened.

Q: Are the stock based expenses a one time thing ( yearly) or will they be part of every quarterly report? To have such a reportedly big effect on the earnings, was the company overally generous in this dept?

Q: I thought yesterday was my last question on AMD. I can't reconcile your 40x and 26x numbers using the concensus eps on your web pages nor on G&M's numbers, so where are you getting your forward eps? Thx

Q: Could you provide your comments on the first quarter results please.

Q: One more question to add for TFII. This has been a favourite stock of 5i for some time. It seems to make the list whenever someone asks for 'recommendations'. It has been falling consistently since earnings came out. I realize it is up over the year but I expect a top 5i pick to be that. One thing I find missing from the 5i service package is follow-up reporting on the top portfolio stocks when there is a miss in earnings. If no member submits a question on the stock, there is no mention of it by 5i. In the case of TFII, if I have it right, the last 'report' put out by 5i dates back to April 2022. There have been lots of commentary in the 'question' section, but nothing that brings it all together. Now I realize its only one quarter miss, but many of your customers may not see it the way. They may view it as the start of a long downward spiral. So my question is: what rating would you assign TFII today? Should it better the average market going forward or will it tread water, and if so, for how long? Where do you see it in 3.6, 12 months? Does it still make the 'list' today? When will you issue a new TFII report? And finally, would 5i consider introducing a special quick report whenever a portfolio stock 'misses' a quarter?