skip to content
  1. Home
  2. >
  3. Investment Q&A
You can view 3 more answers this month. Sign up for a free trial for unlimited access.

Investment Q&A

Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.

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.
Read Answer Asked by James on June 21, 2023
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.
Read Answer Asked by Jerry on June 21, 2023
Q: cdn110k suggestions please. ETFs or singleStocks please, us orcdn
Read Answer Asked by Michael on June 21, 2023
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)?
Read Answer Asked by JR on June 21, 2023
Q: Could very briefly outline your covered call strategy? Thanks Jim
Read Answer Asked by jim on June 21, 2023
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
Read Answer Asked by sam on June 21, 2023
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.
Read Answer Asked by Jean on June 20, 2023
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.
Read Answer Asked by Dennis on June 20, 2023
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.
Read Answer Asked by Pat on June 20, 2023
Q: Peter; When the US market is closed do the NEO exchange securities still trade ? Thanks
Rod
Read Answer Asked by Rodney on June 20, 2023
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 :)
Read Answer Asked by Trevor on June 20, 2023
Q: Let's say there's a recession brewing later in 2023 and it's time to beef up our defense. I have positions in L, PBH and ATD (not sure if it counts on D) What Canadian companies do you consider the best on D, any sector? Thanks. Al
Read Answer Asked by alex on June 20, 2023
Looking for more? Sign up for a FREE 14 day trial! No credit card required

We invite you to sign up for a 14 day free trial of 5i Research!
Experience all the benefits and tools we have to offer; stock research, model portfolios, Q&A with our experts, and so much more. Join a community of like-minded investors today!