Investment Q&A

Q: Hi all,

I wanted to share this from a post on LinkedIn:

You have to be fluent in accounting to look at public companies.

Not because accounting itself matters.

But because accounting can obscure what matters.

READ THAT AGAIN

And your task it to translate GAAP into meaningful business logic.

Or use 5i Research :)

Happy Easter Everyone!

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Read Answer Asked by Marco on April 10, 2023

• Nutrien Ltd. (NTR $80.77)
  • $80.77 P/E (TTM): 55.11X Cap: $39.37B
  • View NTR Profile
  • View Questions on NTR

Q: Nutrien struggling as of late...what is your opinion on this company and its future?

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Read Answer Asked by Brett on April 10, 2023

• Brookfield Office Properties Inc. Class AAA Preference Shares Series AA (BPO.PR.A $17.74)
  • $17.74 Cap: $9B
  • View BPO.PR.A Profile
  • View Questions on BPO.PR.A

Q: I saw your recent answer on BPO preferreds. I have held these for a few years now. What do you see as the likelihood of BPO ceasing to exist ? There seems to be quite a bit of panic here.

Thanks,
Mark

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Read Answer Asked by Mark on April 10, 2023

• Intuit Inc. (INTU $784.87)
  • $784.87 P/E (TTM): 63.1X Cap: $218.93B
  • View INTU Profile
  • View Questions on INTU

Q: Recently there has been some work done on distortions introduced by excluding stock based compensation from the financial statements. According to one London fund manager adding back $1.8 billion of compensation expenses actually places Intuit's P/E ratio at 43 rather than 28 times, which on the face of it seems worrisome. What is your take on this?

https://finance.yahoo.com/news/evaluate-intuit-intu-stock-125237588.html

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Read Answer Asked by Andrew on April 10, 2023

• Sangoma Technologies Corporation (STC $7.83)
  • $7.83 Cap: $262M
  • View STC Profile
  • View Questions on STC
• Enthusiast Gaming Holdings Inc. (EGLX $0.12)
  • $0.12 Cap: $18M
  • View EGLX Profile
  • View Questions on EGLX
  • View Reports on EGLX

Q: As with EGLX and STC, are you starting to lose confidence in AT as well, and might it not have much time left in the portfolio? What's your overall view of the company at this time?

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Read Answer Asked by Brendan on April 10, 2023

• Skeena Resources Limited (SKE $19.82)
  • $19.82 Cap: $2.27B
  • View SKE Profile
  • View Questions on SKE

Q: Skeena's press release re: Snip was positive, although all press releases have that spin, but market doesn't seem to like it, although volume is not high so far. Can you interpret the press release? Is the positive spin justified? Are you still positive on SKE?

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Read Answer Asked by David on April 10, 2023

• Dream Industrial Real Estate Investment Trust (DIR.UN $11.51)
  • $11.51 P/E (TTM): 26.77X Cap: $3.36B
  • View DIR.UN Profile
  • View Questions on DIR.UN
  • View Reports on DIR.UN
• Nutrien Ltd. (NTR $59.06)
  • $59.06 P/E (TTM): 55.11X Cap: $28.79B
  • View NTR Profile
  • View Questions on NTR

Q: NTR's SP has been hit hard of late. Is this just a usual market panic or there is substance behind this set back. I'm sitting on the sideline with some cash and is debating if I should add to my current position (still up almost 65%) or add to my DIR.UN position (currently at an 8% loss).

NTR currently yields about 3% and DIR.UN about 5%. However I'm more interested in growth and less so than yield. Your advice? Thanks.

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Read Answer Asked by Victor on April 10, 2023

• U-Haul Holding Co Com (UHAL $56.81)
  • $56.81 P/E (TTM): 30.49X Cap: $11.13B
  • View UHAL Profile
  • View Questions on UHAL
• U-Haul Holding Company Series N Non-Voting (UHAL.B $50.59)
  • $50.59 P/E (TTM): 30.49X Cap: $10.27B
  • View UHAL.B Profile
  • View Questions on UHAL.B

Q: What is the difference between these shares??

Is u haul a buy (or uhaul b

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Read Answer Asked by Paul on April 10, 2023

• Brookfield Infrastructure Partners L.P. (BIP.UN $42.91)
  • $42.91 P/E (TTM): 522.13X Cap: $28.09B
  • View BIP.UN Profile
  • View Questions on BIP.UN
• Brookfield Infrastructure Corporation Class A Exchangeable Subordinate Voting Shares (BIPC $53.03)
  • $53.03 Cap: $7B
  • View BIPC Profile
  • View Questions on BIPC

Q: Do you know the reason that BIPC and BIP.un have been heading in different directions since the beginning of February. I thought that they were supposed to mimic each other. I own BIP.un for the yield in a tax sheltered account but maybe I should switch. Your thoughts would be appreciated.
Ian

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Read Answer Asked by Ian on April 10, 2023

Q: When I checked my investment accounts today I was surprised to learn all my Shaw shares were sold. I don't recall being informed in advance that this would happen. Is this normal, not to notify, just do it.

Thank you.

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Read Answer Asked by Ross on April 10, 2023

• ATAC Resources Ltd. (ATC $0.13)
  • $0.13 Cap: $27M
  • View ATC Profile
  • View Questions on ATC

Q: I am confused about the buy out, too
many twists and turns for me to figure out. Can you please tell me the bottom line, what is the value per share of atc after the smoke settles, so I can make the decision to sell it now at market or wait until I get shares of the new companie(s).

Thanks team
Auftar

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Read Answer Asked by auftar on April 10, 2023

• Palo Alto Networks Inc. (PANW $171.00)
  • $171.00 P/E (TTM): 98.79X Cap: $114.02B
  • View PANW Profile
  • View Questions on PANW
• CrowdStrike Holdings Inc. (CRWD $454.86)
  • $454.86 Cap: $113.37B
  • View CRWD Profile
  • View Questions on CRWD

Q: Peter; I’m debating adding to CRWD or buying some PANW? Thanks
Rod

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Read Answer Asked by Rodney on April 10, 2023

• Nutrien Ltd. (NTR $80.77)
  • $80.77 P/E (TTM): 55.11X Cap: $39.37B
  • View NTR Profile
  • View Questions on NTR

Q: I see that NTR is at a one year low. Should I sell now and preserve the 22% gain I have in my RRSP?

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Read Answer Asked by Brenda on April 10, 2023

• Alphabet Inc. (GOOG $195.75)
  • $195.75 P/E (TTM): 21.2X Cap: $2.36T
  • View GOOG Profile
  • View Questions on GOOG

Q: Hi Peter,

Why is GOOG up this week. I hold aGOOG for the past 1 year, with the recent rally, I am nearing break-even, is this the right time to get out ? or do you see a further upside ?

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Read Answer Asked by HARRY on April 10, 2023

• Helios Fairfax Partners Corporation Subordinate Voting Shares (HFPC.U)
  • P/E (TTM): -1.5X Cap: $280M
  • View HFPC.U Profile
  • View Questions on HFPC.U

Q: I would appreciate an updated opinion on Helios Fairfax Africa. Thanks!
P.S. There is an extraneous double listing in your data base.

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Read Answer Asked by Gregory on April 10, 2023

• Nutrien Ltd. (NTR $80.77)
  • $80.77 P/E (TTM): 55.11X Cap: $39.37B
  • View NTR Profile
  • View Questions on NTR

Q: what is going on?

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Read Answer Asked by Danny-boy on April 10, 2023

• Andrew Peller Limited/Andrew Peller Limitee Class A Non-voting Shares (ADW.A $5.33)
  • $5.33 P/E (TTM): 23.17X Cap: $231M
  • View ADW.A Profile
  • View Questions on ADW.A
  • View Reports on ADW.A

Q: I read your response to a question on Peller with interest. I calculate the NBV to be about $6.13 per share. To me this makes it an intriguing buy for the long term. Comments?

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Read Answer Asked by Dennis on April 10, 2023

• Sylogist Ltd. (SYZ $9.30)
  • $9.30 Cap: $217M
  • View SYZ Profile
  • View Questions on SYZ
  • View Reports on SYZ
• Enghouse Systems Limited (ENGH $22.75)
  • $22.75 P/E (TTM): 16.02X Cap: $1.25B
  • View ENGH Profile
  • View Questions on ENGH
  • View Reports on ENGH
• Converge Technology Solutions Corp. (CTS $5.99)
  • $5.99 Cap: $1.12B
  • View CTS Profile
  • View Questions on CTS
• ExlService Holdings Inc. (EXLS $42.57)
  • $42.57 P/E (TTM): 31.94X Cap: $6.96B
  • View EXLS Profile
  • View Questions on EXLS
• TELUS International (Cda) Inc. Subordinate Voting Shares (TIXT $5.07)
  • $5.07 Cap: $1.39B
  • View TIXT Profile
  • View Questions on TIXT
  • View Reports on TIXT

Q: Are there reasonable tax-loss proxies for CTS and TIXT that can be suggested? Thank you!

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Read Answer Asked by Andrew on April 10, 2023

• BRP Inc. Subordinate Voting Shares (DOO $68.06)
  • $68.06 Cap: $4.97B
  • View DOO Profile
  • View Questions on DOO
  • View Reports on DOO
• Brookfield Corporation Class A Limited Voting Shares (BN $90.11)
  • $90.11 P/E (TTM): 234.96X Cap: $148.46B
  • View BN Profile
  • View Questions on BN

Q: If you received a relatively large sum of money, $50,000.00, from the sale of Shaw shares, where would you be inclined to invest it?

Thank you.

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Read Answer Asked by Ross on April 10, 2023

Q: Do you think that the alliance of China, Russia and Iran and these countries as well as others starting to use currencies other than the US dollar for trading commodities is the beginning of the end for the dollar as the reserve currency? If so what are the implications for the value of the dollar going forward?

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Read Answer Asked by Jerry on April 06, 2023