Investment Q&A

• Freeport-McMoRan Inc. (FCX $42.28)
  • $42.28 P/E (TTM): 34.55X Cap: $60.70B
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• Stella-Jones Inc. (SJ $77.50)
  • $77.50 P/E (TTM): 12.89X Cap: $4.28B
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• Nutrien Ltd. (NTR $78.63)
  • $78.63 P/E (TTM): 180.91X Cap: $38.20B
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• Linde plc (LIN $477.63)
  • $477.63 P/E (TTM): 33.66X Cap: $223.96B
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• Reliance Inc. (RS $289.07)
  • $289.07 P/E (TTM): 20.36X Cap: $15.26B
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Q: I have no exposure to Materials or Utilities right now in our RRSP. All other sectors are well represented. What stocks would be your preferred in Canada and/or the US in those sectors? Thinking of NTR or SJ maybe in Canada and perhaps LIN in the US. Maybe FTS or BIP for utilities.Thoughts?

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Read Answer Asked by Gerry on May 09, 2023

• Park Lawn Corporation (PLC $26.48)
  • $26.48 Cap: $904M
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• BCE Inc. (BCE $35.03)
  • $35.03 P/E (TTM): 73.41X Cap: $32.66B
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• Sun Life Financial Inc. (SLF $80.21)
  • $80.21 P/E (TTM): 14.51X Cap: $45.59B
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• Restaurant Brands International Inc. (QSR $90.02)
  • $90.02 P/E (TTM): 24.46X Cap: $40.93B
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• A&W Revenue Royalties Income Fund (AW.UN $36.93)
  • $36.93 P/E (TTM): 17.7X Cap: $538M
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• Terminix Global Holdings Inc. (TMX)
  • P/E (TTM): 83.56X Cap: $4.60B
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Q: PLC has gone sideways this ytd compared to most of my holdings that have moved back up. It is one of my smaller holdings so wondering if it is a good time to top it up to a full position or move on to other names in the income portfolio with higher yields, likely split in BCE, TMX and SLF.

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Read Answer Asked by Tom on May 09, 2023

• Molson Coors Canada Inc. Class B Exchangeable Shares (TPX.B $70.76)
  • $70.76 P/E (TTM): 10.27X Cap: $13.99B
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Q: You haven't had a look at this one since 2019. Has your take changed since then? It certainly seems to be enjoying a lot of interest so far this year.

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Read Answer Asked by John on May 09, 2023

• Brookfield Corporation Class A Limited Voting Shares (BN $90.61)
  • $90.61 P/E (TTM): 234.26X Cap: $135.53B
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Q: My understanding is that BN’s price / book value is roughly as low as it was in 2002, 2009 and 2011. Is this the best historic valuation metric? How does today’s yield compare to its dividend yield range in the past ?

Upvote 0

Read Answer Asked by James on May 09, 2023

• Fortis Inc. (FTS $70.10)
  • $70.10 P/E (TTM): 20.48X Cap: $35.30B
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• Emera Incorporated (EMA $65.66)
  • $65.66 P/E (TTM): 22.11X Cap: $19.65B
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• Brookfield Infrastructure Corporation Class A Exchangeable Subordinate Voting Shares (BIPC $53.28)
  • $53.28 Cap: $7.03B
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• Brookfield Renewable Corporation Class A Exchangeable Subordinate Voting Shares (BEPC $45.55)
  • $45.55 Cap: $17.04B
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Q: I have no utilities in my RRSP portfolio at this time. What are you preferred utilities in order of preference to buy now for total return (dividend and potential growth)? Any preferences among these that I'm thinking about being Fortis (FTS.TO / FTS), Emera (EMA.TO), Brookfield Infrastructure (BIPC.TO), Brookfield Renewable (BEPC.TO)?

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Read Answer Asked by Gerry on May 09, 2023

• Booking Holdings Inc. (BKNG $5,484.77)
  • $5,484.77 P/E (TTM): 38.08X Cap: $177.76B
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• Freeport-McMoRan Inc. (FCX $42.28)
  • $42.28 P/E (TTM): 34.55X Cap: $60.70B
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Q: What are your favorite cyclical stocks that you may start to build a position in at this time?

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Read Answer Asked by Gerry on May 09, 2023

• Loblaw Companies Limited (L $227.44)
  • $227.44 P/E (TTM): 28.57X Cap: $68.43B
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Q: I thought I saw that Loblaw is buying some green energy assets in Alberta from TRP. How bizarre is that? Is this an attempt to appear more ESG compliant? Your thoughts please.

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Read Answer Asked by Ian on May 09, 2023

• Atlassian Corporation (TEAM $164.39)
  • $164.39 Cap: $43.15B
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• Axcelis Technologies Inc. (ACLS $83.76)
  • $83.76 P/E (TTM): 14.89X Cap: $2.49B
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• TopBuild Corp. (BLD $436.89)
  • $436.89 P/E (TTM): 21.2X Cap: $12.29B
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Q: Hello, Could I get your thoughts on the recent earnings for these three companies? Any concerns? Would you add at these levels? Thanks,

Upvote 0

Read Answer Asked by Doris on May 09, 2023

• VIQ Solutions Inc. (VQS $0.22)
  • $0.22 Cap: $11M
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Q: Your opinion on vqs? My son wants to purchase the stock. Is now the time to invest in natural gas and oil positions? Your top three picks for oil and natural gas would be appreciated.

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Read Answer Asked by kenneth on May 09, 2023

• Kenvue Inc. (KVUE $21.06)
  • $21.06 P/E (TTM): 39.11X Cap: $40.72B
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Q: What does your crystal ball say about this spin off company?

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Read Answer Asked by Christopher on May 09, 2023

• Booking Holdings Inc. (BKNG $5,484.77)
  • $5,484.77 P/E (TTM): 38.08X Cap: $177.76B
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• Lowe's Companies Inc. (LOW $253.05)
  • $253.05 P/E (TTM): 20.25X Cap: $141.81B
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• Philip Morris International Inc (PM $165.27)
  • $165.27 P/E (TTM): 31.99X Cap: $257.25B
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• Crocs Inc. (CROX $84.03)
  • $84.03 P/E (TTM): 20.88X Cap: $4.58B
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• Extra Space Storage Inc (EXR $136.63)
  • $136.63 P/E (TTM): 29.47X Cap: $29B
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• Axos Financial Inc. (AX $89.07)
  • $89.07 P/E (TTM): 12.08X Cap: $5.02B
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• Perion Network Ltd (PERI $8.78)
  • $8.78 Cap: $395M
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• Airbnb Inc. (ABNB $124.64)
  • $124.64 P/E (TTM): 30.87X Cap: $77.45B
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• Lantheus Holdings Inc. (LNTH $54.47)
  • $54.47 P/E (TTM): 15.36X Cap: $3.70B
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Q: I am looking to build a concentrated US equity portfolio. Could you please identify your favs [greater than 5% allocation] for each of Income, Balanced and Growth portfolios [and, if possible for Quality portfolio].
Thank you.

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Read Answer Asked by sam on May 09, 2023

• Livent Corporation (LTHM)
  • P/E (TTM): 3.41X Cap: $2.96B
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Q: Looking for an updated view of LTHM.

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Read Answer Asked by Jim on May 09, 2023

• Martinrea International Inc. (MRE $9.50)
  • $9.50 Cap: $691M
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Q: Can you comment on the earnings released last night. I read that it was in-line with forecasts, but the share price drop of 11% sure does not show that.

Thanks

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Read Answer Asked by Tom on May 09, 2023

• AbbVie Inc. (ABBV $204.68)
  • $204.68 P/E (TTM): 84.89X Cap: $361.57B
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• NextEra Energy Inc. (NEE $72.24)
  • $72.24 P/E (TTM): 25.13X Cap: $148.76B
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• Pfizer Inc. (PFE $25.11)
  • $25.11 P/E (TTM): 17.86X Cap: $142.76B
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• Williams Companies Inc. (The) (WMB $57.34)
  • $57.34 P/E (TTM): 31.05X Cap: $70.02B
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• National Grid Transco PLC PLC (NEW) American Depositary Shares (NGG $71.56)
  • $71.56 P/E (TTM): 16.95X Cap: $69.61B
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Q: Is NGG currently good value? Can you recommend other similar quality dividend paying alternatives?

Upvote 1

Read Answer Asked by David on May 09, 2023

• Exchange Income Corporation (EIF $73.62)
  • $73.62 P/E (TTM): 29.76X Cap: $3.78B
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• Brookfield Global Infrastructure Securities Income Fund (BGI.UN $5.87)
  • $5.87 P/E (TTM): 17.59X Cap: $103M
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• Dividend 15 Split Corp. Class A Shares (DFN $6.47)
  • $6.47 P/E (TTM): 16.58X Cap: $776M
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• Canoe EIT Income Fund (EIT.UN $15.25)
  • $15.25 P/E (TTM): 19.57X Cap: $2.41B
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• Enbridge Inc (ENB $47.49)
  • $47.49 P/E (TTM): 22.93X Cap: $105.08B
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• abrdn Global Premier Properties Fund of Beneficial Interest (AWP $3.94)
  • $3.94 P/E (TTM): 105.0X Cap: $332M
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• BCE Inc. (BCE $25.37)
  • $25.37 P/E (TTM): 73.41X Cap: $23.65B
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Q: I have these stocks in my TFSA and most are doing okay. I have some extra cash to use to either beef up or buy another stock or ETF. I’m an income investor with also an interest in growth. Any suggestions would be appreciated. Thanks in advance. I appreciate your work immensely.

Upvote 0

Read Answer Asked by Deidra on May 09, 2023

• Topicus.com Inc. (TOI $163.78)
  • $163.78 P/E (TTM): 83.99X Cap: $21.26B
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• TELUS International (Cda) Inc. Subordinate (TIXT $3.87)
  • $3.87 Cap: $1.06B
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Q: I am currently down about 25% on Telus International. Would you support selling Telus International and purchasing Topicus?

Thanks for the great support.

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Read Answer Asked by Lynda on May 09, 2023

• Progressive Corporation (The) (PGR $250.95)
  • $250.95 P/E (TTM): 16.39X Cap: $147.10B
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Q: I have a position in PGR. Stock has not well after it reported. Long term
it had performed well. Should I add to my position for long term.
Thank You

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Read Answer Asked by Al on May 09, 2023

• Perion Network Ltd (PERI $8.78)
  • $8.78 Cap: $395M
  • View PERI Profile
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Q: Hi Peter and team,

Can I get your thoughts on the latest results from PERI? Does the long term outlook continue to look bright as a long term investment?

Thanks for great service,
Angelo

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Read Answer Asked by Angelo on May 09, 2023

• Open Text Corporation (OTEX $42.87)
  • $42.87 P/E (TTM): 12.04X Cap: $11.39B
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Q: Hi There,

Please comment on earnings report today and whether it’s a buy around todays price.

Thanks!

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Read Answer Asked by Robert on May 09, 2023

• Topicus.com Inc. (TOI $163.78)
  • $163.78 P/E (TTM): 83.99X Cap: $21.26B
  • View TOI Profile
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Q: Hello Peter,
Any idea why Topicus is not moving the needle much on the upside given the decent results? The number of shares traded is quite low as well. Any comments would be appreciated. Thanks very much

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Read Answer Asked by umedali on May 09, 2023