Investment Q&A

• First Solar Inc. (FSLR $240.67)
  • $240.67 P/E (TTM): 19.18X Cap: $26.21B
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• Algonquin Power & Utilities Corp. (AQN $8.38)
  • $8.38 Cap: $6.42B
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• Boralex Inc. Class A Shares (BLX $28.90)
  • $28.90 Cap: $2.93B
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• Enphase Energy Inc. (ENPH $37.27)
  • $37.27 P/E (TTM): 28.25X Cap: $4.90B
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• Brookfield Renewable Corporation Class A Exchangeable Subordinate Voting Shares (BEPC $57.85)
  • $57.85 Cap: $20.62B
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Q: what would be your top 5 companies be that play into the theme of climate change?

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Read Answer Asked by Josh on November 02, 2021

Q: Question for 5i team (or any other RESP knowledgeable subscriber). Over the past 8 years my adult son has contributed a total of $20000 to my grandson's RESP. With interest earned plus CESG grants, the total value is now $25000. PLAN: I want to top off my grandson's RESP to the $50000 maximum allowed. QUESTION: Is my contribution $30000 -- or limited to $25000 in (consideration of the CESG and interest accruing to the account). Thanks.

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Read Answer Asked by Kyndryl on November 02, 2021

Q: Immutable Holdings trade on the NEO exchange but there’s not much info. Would you please give your opinion on this concept company which looks like it might have something about investing early in the Metaverse. Could this be something big?

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Read Answer Asked by Rick on November 02, 2021

• Lockheed Martin Corporation (LMT $497.28)
  • $497.28 P/E (TTM): 28.36X Cap: $116.59B
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• Northrop Grumman Corporation (NOC $604.17)
  • $604.17 P/E (TTM): 23.11X Cap: $87.18B
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Q: NOC reported its 3rd qtr last week. It showed less revenue than a year ago but higher earnings and higher EPS. Yet the share price has tumbled. Is this a good entry point or is there something more worrisome going on ?
Thanks for your thoughts.
Ian

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Read Answer Asked by Ian on November 02, 2021

• Morguard Real Estate Investment Trust (MRT.UN $5.90)
  • $5.90 Cap: $382M
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Q: What is your opinion of this one? Is it worth holding on to? Let me know your thoughts

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Read Answer Asked by Elliott on November 02, 2021

• Nextech3D AI Corporation Com (NTAR $0.20)
  • $0.20 Cap: $44M
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Q: I've got hit pretty hard on this stock. Should I sell and move on or do you expect better things down the road for this company?

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Read Answer Asked by Ian on November 02, 2021

Q: Analysts are estimating ATD.B's 2022 YE results for earnings growth to be flat, 2023 EPS to grow 5%, then EPS to grow at 8.5% for the next 5 subsequent years. I use a Stock Selection Guide to estimate the annual return for the next 5 years assuming these growth rates and it comes in at about 8% including the dividend. Doesn't seem like a high enough return to warrant purchase at the current price. What are your thoughts on this?
I assume analysts get their estimates from the forecasts of ATD.B, yet I was unable to locate any company forecasts/outlook in press releases or annual reports.
Have you come across any company forecasts in your research?
Thank you.

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Read Answer Asked by John on November 02, 2021

Q: Is there a summary of Canadian Closed end funds that is available to view? Years ago, Financial Post carried a daily summary of this sector, but I cannot find that anymore.

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Read Answer Asked by Richard on November 02, 2021

• Athabasca Oil Corporation (ATH $6.27)
  • $6.27 P/E (TTM): 7.43X Cap: $3.21B
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Q: Following up on a question from Jerry the other day, with 75% of their production hedged, would the Athabasca share price become more predictable and less influenced by the prevailing price of oil? And if so, can you suggest what price of the shares might come to? Thank you for your excellent service.

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Read Answer Asked by Leonard on November 02, 2021

• Aecon Group Inc. (ARE $25.01)
  • $25.01 P/E (TTM): 70.69X Cap: $1.55B
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Q: Do you find their disclosure in their latest earnings report of the issues surrounding the Coastal GasLink Pipeline project as concerning as apparently the market seems to?

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Read Answer Asked by Peter on November 02, 2021

• Bank of Nova Scotia (The) (BNS $90.78)
  • $90.78 P/E (TTM): 17.33X Cap: $112.47B
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• Sun Life Financial Inc. (SLF $86.14)
  • $86.14 P/E (TTM): 16.01X Cap: $49.66B
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• Thomson Reuters Corporation (TRI $221.98)
  • $221.98 P/E (TTM): 42.92X Cap: $100.85B
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• Fortis Inc. (FTS $51.45)
  • $51.45 P/E (TTM): 21.05X Cap: $25.87B
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• Brookfield Renewable Corporation Class A Exchangeable Subordinate Voting Shares (BEPC $57.85)
  • $57.85 Cap: $20.62B
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Q: I am mainly an income investor, looking for a dividend stock with preservation of capital being reasonably secure. Please a few suggestions would be appreciated.

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Read Answer Asked by Scott on November 02, 2021

• Brookfield Renewable Partners L.P. (BEP.UN $40.15)
  • $40.15 Cap: $25.90B
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Q: After looking at page 27 of the Q2 2021 Supplemental, would you use the Basic income (loss) per LP unit , in comparison to Normalized Funds From Operation per Unit, to determine the value it trades at, similar to how REITS are valued.?
I noticed a Loss of .13cents per unit, and normalized FFO of 0.53 cents per unit.
Thanks

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Read Answer Asked by Gordon on November 02, 2021

Q: Hi Peter
I have this company in my US portfolio RIF. Can I have your analysis of it . They seem to have reported good earnings but fell like a stone .in this space ,is this your favourite company? Fiserv was bought for me by my very conservative portfolio manager .any info you can give me would be most appreciated

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Read Answer Asked by Candi on November 02, 2021

• Thomson Reuters Corporation (TRI $221.98)
  • $221.98 P/E (TTM): 42.92X Cap: $100.85B
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Q: How sensitive do you think TRI will be to higher interest rates if those transpire?

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Read Answer Asked by JAMES on November 02, 2021

• SPDR S&P 500 ETF Trust (SPY $665.15)
  • $665.15 P/E (TTM): 28.22X Cap: $673.67B
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• Liberty All-Star Equity Fund (USA $6.27)
  • $6.27 Cap: $1.70B
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Q: greetings - as i move into retirement i have been taking a hard look at some of my portfolio. I inherited this stock many years ago and really haven't look at it too hard because of the nice US dividend. I need both us and cdn income in retirement. Given the high dividend how much risk is there. What are the downsides of continuing to own?

Thanks

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Read Answer Asked by kelly on November 02, 2021

• Bank of Nova Scotia (The) (BNS $90.78)
  • $90.78 P/E (TTM): 17.33X Cap: $112.47B
  • View BNS Profile
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• Sun Life Financial Inc. (SLF $86.14)
  • $86.14 P/E (TTM): 16.01X Cap: $49.66B
  • View SLF Profile
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• Magna International Inc. (MG $62.50)
  • $62.50 P/E (TTM): 10.58X Cap: $17.74B
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• Thomson Reuters Corporation (TRI $221.98)
  • $221.98 P/E (TTM): 42.92X Cap: $100.85B
  • View TRI Profile
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• goeasy Ltd. (GSY $167.40)
  • $167.40 P/E (TTM): 9.54X Cap: $2.56B
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• Global X Active Canadian Dividend ETF (HAL $25.01)
  • $25.01 P/E (TTM): 14.93X Cap: $115M
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• iShares Canadian Select Dividend Index ETF (XDV $36.80)
  • $36.80 P/E (TTM): 11.64X Cap: $1.99B
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• iShares S&P/TSX Canadian Dividend Aristocrats Index ETF (CDZ $40.04)
  • $40.04 P/E (TTM): 14.83X Cap: $1.04B
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• iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV $34.68)
  • $34.68 P/E (TTM): 10.17X Cap: $3.12B
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Q: Please name half dozen of your top choices for an income portfolio.

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Read Answer Asked by Roy on November 02, 2021

• Nevada Copper Corp. (NCU $0.03)
  • $0.03 Cap: $42M
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Q: I am looking for a copper play. What happened to NCU? Is the drop in SP due more to issues with the company or the drop in commodity price? Would this be a worthwhile company to add although maybe riskier?

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Read Answer Asked by Henry on November 02, 2021

• Home Capital Group Inc. (HCG $44.26)
  • $44.26 P/E (TTM): 9.39X Cap: $1.69B
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Q: HCG has survived and appears to be doing well. Do you like it or can you suggest others that you would prefer.
Can we expect them to start a dividend.
Please look into your crystal ball.
PB

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Read Answer Asked by Peter on November 02, 2021

Q: Hi 5i,
I'm not sure this is an appropriate question to ask but, here goes.
I was considering purchasing AMT for my TFSA and NonReg accounts.
Can you help explain the taxation issues I need to be aware of for each account. (capital gains and losses, distributions, dividends etc.
I understand that the taxation issues for a US REIT may be different from a US stock.
Thanks

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Read Answer Asked by Ian on November 02, 2021

• Medtronic plc. (MDT $95.45)
  • $95.45 P/E (TTM): 26.67X Cap: $122.29B
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Q: I have a 2/3 position in MDT whose share price has fallen much more than I expected due to a product recall. Was the said recall bad enough to warrant such a drop? I am tempted to top up my position. I hesitate, thinking there must be some bad news out there that I am unaware of. Is there?

MDT seems to have high trailing P/E probably due to elective surgery being postponed. Do you have the following: PEG; fwd P/E; ROE; ROCI ?

I also wonder if my views towards MDT are biased because I see it on the AAII dividend model portfolio; on a BAC top picks (issued a couple of weeks ago); and because it seems to have been a reasonably good dividend grower.

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Read Answer Asked by Adam on November 02, 2021