Investment Q&A

• Republic Services Inc. (RSG $217.00)
  • $217.00 P/E (TTM): 31.61X Cap: $67.04B
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• Waste Management Inc. (WM $233.10)
  • $233.10 P/E (TTM): 34.54X Cap: $93.91B
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• Waste Connections Inc. (WCN $163.80)
  • $163.80 P/E (TTM): 39.72X Cap: $41.62B
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• Clean Harbors Inc. (CLH $302.16)
  • $302.16 P/E (TTM): 41.56X Cap: $15.98B
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• Casella Waste Systems Inc. (CWST $86.77)
  • $86.77 P/E (TTM): 722.58X Cap: $5.50B
  • View CWST Profile
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• GFL Environmental Inc. subordinate voting shares (GFL $61.51)
  • $61.51 P/E (TTM): 6.29X Cap: $22.08B
  • View GFL Profile
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Q: Which of these would you suggest for a long term hold and why?

Upvote 4

Read Answer Asked by Graeme on April 15, 2025

• GFL Environmental Inc. subordinate voting shares (GFL $61.51)
  • $61.51 P/E (TTM): 6.29X Cap: $22.08B
  • View GFL Profile
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Q: Could you please provide a more detailed rationale for your latest addition to the Balanced Portfolio. GFL.

How is the current valuation and debt, compared to its competitors ?

Could you also explain the recent secondary offering by some of its institutional share holders and the shares buyback by the Co.

Although, stock dropped on Friday, alongside the market, but do you consider the Co to be a decent hedge during uncertain tariff times ?

What will 5i rating for the Co, if you were to provide one ?

Thank You

Upvote 2

Read Answer Asked by rajeev on April 08, 2025

• Hammond Power Solutions Inc. Class A Subordinate Voting Shares (HPS.A $215.29)
  • $215.29 P/E (TTM): 33.28X Cap: $2.56B
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• GFL Environmental Inc. subordinate voting shares (GFL $61.51)
  • $61.51 P/E (TTM): 6.29X Cap: $22.08B
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Q: Which would you prefer HPS.A or GFL from a growth perspective?

Thanks for your service?

Upvote 5

Read Answer Asked by Ozzie on April 07, 2025

• GFL Environmental Inc. subordinate voting shares (GFL $61.51)
  • $61.51 P/E (TTM): 6.29X Cap: $22.08B
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Q: Hello, what is your take on the latest results? Do the net losses look worrying? How quickly is GFL expected to grow over the next year or two? Is it worth starting a position? Thank you.

Upvote 2

Read Answer Asked by Pongs on February 26, 2025

• United Rentals Inc. (URI $767.36)
  • $767.36 P/E (TTM): 19.7X Cap: $48.25B
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• Toromont Industries Ltd. (TIH $209.67)
  • $209.67 P/E (TTM): 34.54X Cap: $17.07B
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• Badger Infrastructure Solutions Ltd. (BDGI $62.55)
  • $62.55 P/E (TTM): 26.12X Cap: $2.11B
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• Rollins Inc. (ROL $55.79)
  • $55.79 P/E (TTM): 50.18X Cap: $26.89B
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• Clean Harbors Inc. (CLH $302.16)
  • $302.16 P/E (TTM): 41.56X Cap: $15.98B
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• Waste Connections Inc. (WCN $226.25)
  • $226.25 P/E (TTM): 39.72X Cap: $57.65B
  • View WCN Profile
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• GFL Environmental Inc. subordinate voting shares (GFL $61.51)
  • $61.51 P/E (TTM): 6.29X Cap: $22.08B
  • View GFL Profile
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Q: I would appreciate your comments on above US equities. Which one is your favorite?
Are there any Canadian equivalents?
Thank you!

Upvote 8

Read Answer Asked by ALBERT on October 07, 2024

• Constellation Software Inc. (CSU $2,359.71)
  • $2,359.71 P/E (TTM): 73.33X Cap: $50B
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• Dollarama Inc. (DOL $174.67)
  • $174.67 P/E (TTM): 37.36X Cap: $47.67B
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• Intact Financial Corporation (IFC $252.80)
  • $252.80 P/E (TTM): 13.56X Cap: $45.15B
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• Celestica Inc. (CLS $453.07)
  • $453.07 P/E (TTM): 45.43X Cap: $52.08B
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• Thomson Reuters Corporation (TRI $117.27)
  • $117.27 P/E (TTM): 26.32X Cap: $52.05B
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• Ag Growth International Inc. (AFN $18.04)
  • $18.04 Cap: $340M
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• goeasy Ltd. (GSY $31.94)
  • $31.94 P/E (TTM): 2.37X Cap: $530M
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• Exchange Income Corporation (EIF $104.75)
  • $104.75 P/E (TTM): 35.47X Cap: $5.87B
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• ADF Group Inc. Subordinate Voting Shares (DRX $11.20)
  • $11.20 P/E (TTM): 9.74X Cap: $319M
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• GFL Environmental Inc. subordinate voting shares (GFL $61.51)
  • $61.51 P/E (TTM): 6.29X Cap: $22.08B
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• Topicus.com Inc. (TOI $91.15)
  • $91.15 P/E (TTM): 288.07X Cap: $11.89B
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• Propel Holdings Inc. (PRL $20.21)
  • $20.21 P/E (TTM): 10.09X Cap: $795M
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• Brookfield Corporation Class A Limited Voting Shares (BN $58.56)
  • $58.56 P/E (TTM): 79.28X Cap: $131B
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• Lumine Group Inc. (LMN $22.14)
  • $22.14 P/E (TTM): 85.16X Cap: $5.68B
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Q: Hi, hold enough EIF that I want to divest and diversify. Looking for high growth over the next 4-5 years, but not as interested in dividends. I also hold a fair bit of CSU and gsy, so am thinking along those lines. What would be a good ranking for the following at today's prices (best to worst), and are there another couple additions you'd suggest? Big thanks!
DOL, BN, CLS, LMN, TOI, DRX, DSG, IFC, TRI, PRL, AFN, GFL.

Upvote 17

Read Answer Asked by Petra on July 23, 2024

• GFL Environmental Inc. subordinate voting shares (GFL $61.51)
  • $61.51 P/E (TTM): 6.29X Cap: $22.08B
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Q: This stock had some positive price action the last couple days, was there any news or upgrades or just volatility?

Upvote 2

Read Answer Asked by Keith on June 05, 2024

• GFL Environmental Inc. subordinate voting shares (GFL $61.51)
  • $61.51 P/E (TTM): 6.29X Cap: $22.08B
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Q: Gfl released earnings today and increased guidance for 2024. Could have please provide analysis and would you recommend a buy? Thanx.

Upvote 1

Read Answer Asked by Steve on May 03, 2024

• Waste Connections Inc. (WCN $226.25)
  • $226.25 P/E (TTM): 39.72X Cap: $57.65B
  • View WCN Profile
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• GFL Environmental Inc. subordinate voting shares (GFL $61.51)
  • $61.51 P/E (TTM): 6.29X Cap: $22.08B
  • View GFL Profile
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Q: GFL or Waste Management?

Upvote 4

Read Answer Asked by Gregory on March 12, 2024

• Waste Connections Inc. (WCN $226.25)
  • $226.25 P/E (TTM): 39.72X Cap: $57.65B
  • View WCN Profile
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• GFL Environmental Inc. subordinate voting shares (GFL $61.51)
  • $61.51 P/E (TTM): 6.29X Cap: $22.08B
  • View GFL Profile
  • View Questions on GFL

Q: Considering a switch from WCN waste connections to GFL as WCN has run up significantly; comments please.

Upvote 2

Read Answer Asked by don on March 08, 2024

• Republic Services Inc. (RSG $217.00)
  • $217.00 P/E (TTM): 31.61X Cap: $67.04B
  • View RSG Profile
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• Waste Management Inc. (WM $233.10)
  • $233.10 P/E (TTM): 34.54X Cap: $93.91B
  • View WM Profile
  • View Questions on WM
• Casella Waste Systems Inc. (CWST $86.77)
  • $86.77 P/E (TTM): 722.58X Cap: $5.50B
  • View CWST Profile
  • View Questions on CWST
• Waste Connections Inc. (WCN $226.25)
  • $226.25 P/E (TTM): 39.72X Cap: $57.65B
  • View WCN Profile
  • View Questions on WCN
• GFL Environmental Inc. subordinate voting shares (GFL $61.51)
  • $61.51 P/E (TTM): 6.29X Cap: $22.08B
  • View GFL Profile
  • View Questions on GFL

Q: What do you think of the waste companies in Canada or US as industrial candidates?

Upvote 6

Read Answer Asked by Peter on January 24, 2024

• GFL Environmental Inc. subordinate voting shares (GFL $61.51)
  • $61.51 P/E (TTM): 6.29X Cap: $22.08B
  • View GFL Profile
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Q: Hi team,

What are your thoughts on the long term prospects of this company?

Also, what are your thoughts on the CEO and his capital allocation ability?

Thank you,

Upvote 3

Read Answer Asked by Keith on December 15, 2023

• Casella Waste Systems Inc. (CWST $86.77)
  • $86.77 P/E (TTM): 722.58X Cap: $5.50B
  • View CWST Profile
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• Waste Connections Inc. (WCN $226.25)
  • $226.25 P/E (TTM): 39.72X Cap: $57.65B
  • View WCN Profile
  • View Questions on WCN
• GFL Environmental Inc. subordinate voting shares (GFL $61.51)
  • $61.51 P/E (TTM): 6.29X Cap: $22.08B
  • View GFL Profile
  • View Questions on GFL

Q: Would appreciate your comments on the 3rd quarter 2023 financial results for WCN, Waste Connection Inc. The drop in the stock value would seem to indicate
that the market was disappointed. Is it still worth holding or has the outlook changed?
Thank you for your information.

Upvote 0

Read Answer Asked by Ernest on October 27, 2023

• Constellation Software Inc. (CSU $2,359.71)
  • $2,359.71 P/E (TTM): 73.33X Cap: $50B
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• Descartes Systems Group Inc. (The) (DSG $89.53)
  • $89.53 P/E (TTM): 40.49X Cap: $7.70B
  • View DSG Profile
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• GDI Integrated Facility Services Inc. Subordinate Voting Shares (GDI $36.57)
  • $36.57 P/E (TTM): 20.77X Cap: $860M
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• TerraVest Industries Inc. (TVK $126.60)
  • $126.60 Cap: $2.74B
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• Chemed Corp (CHE $390.85)
  • $390.85 P/E (TTM): 21.49X Cap: $5.77B
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• Credit Acceptance Corporation (CACC $468.97)
  • $468.97 P/E (TTM): 12.79X Cap: $5.04B
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• Casella Waste Systems Inc. (CWST $86.77)
  • $86.77 P/E (TTM): 722.58X Cap: $5.50B
  • View CWST Profile
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• GFL Environmental Inc. subordinate voting shares (GFL $61.51)
  • $61.51 P/E (TTM): 6.29X Cap: $22.08B
  • View GFL Profile
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• RCI Hospitality Holdings Inc. (RICK $24.28)
  • $24.28 P/E (TTM): 13.13X Cap: $168M
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Q: I've been reviewing CSU's shareholder letters and kicking myself that I didn't find such a legendary CEO 15 years ago. The letters make it very clear how much of a unicorn ceo the guy was/is. Which got me thinking, are there any early stage Mark Leonard's out there now that are the kind of ceo's you want to bet on, but younger and their companies are less developed. So my question is, if you had to bet which current CEO's of companies in North America under $10B are likely to be extremely successful based on their business acumen, and shareholder friendliness. Which CEO's would those be (the next Mark Leonard's)? Thx

Upvote 0

Read Answer Asked by Adam on July 21, 2023

• Republic Services Inc. (RSG $217.00)
  • $217.00 P/E (TTM): 31.61X Cap: $67.04B
  • View RSG Profile
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• Waste Management Inc. (WM $233.10)
  • $233.10 P/E (TTM): 34.54X Cap: $93.91B
  • View WM Profile
  • View Questions on WM
• Casella Waste Systems Inc. (CWST $86.77)
  • $86.77 P/E (TTM): 722.58X Cap: $5.50B
  • View CWST Profile
  • View Questions on CWST
• Waste Connections Inc. (WCN $226.25)
  • $226.25 P/E (TTM): 39.72X Cap: $57.65B
  • View WCN Profile
  • View Questions on WCN
• GFL Environmental Inc. subordinate voting shares (GFL $61.51)
  • $61.51 P/E (TTM): 6.29X Cap: $22.08B
  • View GFL Profile
  • View Questions on GFL

Q: Hi,

Which do you prefer for growth over the next 5 plus years or are there more / better opportunities in the field?

GM

Upvote 0

Read Answer Asked by Gary on April 21, 2023

• Republic Services Inc. (RSG $217.00)
  • $217.00 P/E (TTM): 31.61X Cap: $67.04B
  • View RSG Profile
  • View Questions on RSG
• Waste Management Inc. (WM $233.10)
  • $233.10 P/E (TTM): 34.54X Cap: $93.91B
  • View WM Profile
  • View Questions on WM
• Casella Waste Systems Inc. (CWST $86.77)
  • $86.77 P/E (TTM): 722.58X Cap: $5.50B
  • View CWST Profile
  • View Questions on CWST
• Waste Connections Inc. (WCN $226.25)
  • $226.25 P/E (TTM): 39.72X Cap: $57.65B
  • View WCN Profile
  • View Questions on WCN
• GFL Environmental Inc. subordinate voting shares (GFL $61.51)
  • $61.51 P/E (TTM): 6.29X Cap: $22.08B
  • View GFL Profile
  • View Questions on GFL

Q: Based on my 2 cents I feel like WCN is expensive between the 2. Can you provide your thoughts on valuation, debt and cash flow or any other more relevant metrics to compare these 2 ?
Pick one or suggest something similar in garbage space ?
Thank you for your service.

Upvote 0

Read Answer Asked by Jabs on February 16, 2023

• Park Lawn Corporation (PLC $26.48)
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• Toronto-Dominion Bank (The) (TD $137.94)
  • $137.94 P/E (TTM): 10.99X Cap: $230.19B
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• BCE Inc. (BCE $33.03)
  • $33.03 P/E (TTM): 4.92X Cap: $30.80B
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• Enbridge Inc. (ENB $75.39)
  • $75.39 P/E (TTM): 23.0X Cap: $164.52B
  • View ENB Profile
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• Sun Life Financial Inc. (SLF $91.31)
  • $91.31 P/E (TTM): 14.83X Cap: $50.58B
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• TELUS Corporation (T $16.27)
  • $16.27 P/E (TTM): 24.26X Cap: $24.90B
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• Fortis Inc. (FTS $79.30)
  • $79.30 P/E (TTM): 22.72X Cap: $40.37B
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• Algonquin Power & Utilities Corp. (AQN $8.74)
  • $8.74 Cap: $6.71B
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• Descartes Systems Group Inc. (The) (DSG $89.53)
  • $89.53 P/E (TTM): 40.49X Cap: $7.70B
  • View DSG Profile
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• Alimentation Couche-Tard Inc. (ATD $78.32)
  • $78.32 P/E (TTM): 21.55X Cap: $71.94B
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• goeasy Ltd. (GSY $31.94)
  • $31.94 P/E (TTM): 2.37X Cap: $530M
  • View GSY Profile
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• iShares S&P/TSX Capped Consumer Staples Index ETF (XST $65.09)
  • $65.09 P/E (TTM): 16.5X Cap: $387M
  • View XST Profile
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• Vanguard S&P 500 Index ETF (VFV $167.14)
  • $167.14 P/E (TTM): 26.01X Cap: $28.98B
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• Hydro One Limited (H $58.57)
  • $58.57 P/E (TTM): 26.34X Cap: $35.12B
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• WELL Health Technologies Corp. (WELL $3.84)
  • $3.84 Cap: $980M
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• Waste Connections Inc. (WCN $226.25)
  • $226.25 P/E (TTM): 39.72X Cap: $57.65B
  • View WCN Profile
  • View Questions on WCN
• GFL Environmental Inc. subordinate voting shares (GFL $61.51)
  • $61.51 P/E (TTM): 6.29X Cap: $22.08B
  • View GFL Profile
  • View Questions on GFL
• Topicus.com Inc. (TOI $91.15)
  • $91.15 P/E (TTM): 288.07X Cap: $11.89B
  • View TOI Profile
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• TELUS International (Cda) Inc. Subordinate Voting Shares (TIXT $6.07)
  • $6.07 Cap: $1.68B
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• Definity Financial Corporation (DFY $64.04)
  • $64.04 P/E (TTM): 45.19X Cap: $7.78B
  • View DFY Profile
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Q: These are my holding inside my TFSA. I am 25 years old and would like to know your opinion on this Portfolio and if you think these are good longterm holdings or if they could be replaced with a better investment (please indicate what company you would replace with). Also witch companies would you consider a Buy in 2023 from these holdings for my 6,500$ contribution room.

Thanks

Upvote 1

Read Answer Asked by Bob on December 14, 2022

• TFI International Inc. (TFII $171.10)
  • $171.10 P/E (TTM): 43.04X Cap: $14.05B
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• ATS Corporation (ATS $42.40)
  • $42.40 Cap: $4.15B
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• Cargojet Inc. Common and Variable Voting Shares (CJT $81.27)
  • $81.27 P/E (TTM): 16.12X Cap: $1.21B
  • View CJT Profile
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• GFL Environmental Inc. subordinate voting shares (GFL $61.51)
  • $61.51 P/E (TTM): 6.29X Cap: $22.08B
  • View GFL Profile
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Q: I hold ATA and TFII and I am considering adding either GFL or CJT for industrial exposure in a TFSA account. What would be your choice if either.
Thanks
Roy

Upvote 0

Read Answer Asked by Roy on October 04, 2022

• Finning International Inc. (FTT $89.77)
  • $89.77 P/E (TTM): 17.61X Cap: $11.74B
  • View FTT Profile
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• TFI International Inc. (TFII $171.10)
  • $171.10 P/E (TTM): 43.04X Cap: $14.05B
  • View TFII Profile
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• ATS Corporation (ATS $42.40)
  • $42.40 Cap: $4.15B
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• EQB Inc. (EQB $113.01)
  • $113.01 P/E (TTM): 18.81X Cap: $4.13B
  • View EQB Profile
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• GFL Environmental Inc. subordinate voting shares (GFL $61.51)
  • $61.51 P/E (TTM): 6.29X Cap: $22.08B
  • View GFL Profile
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• Dye & Durham Limited (DND $4.14)
  • $4.14 Cap: $278M
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Q: Please rank these securities in terms of attractiveness at current valuations. Looking for best total return opportunity with 5 year time horizon

Upvote 0

Read Answer Asked by Chris on April 29, 2022

• GFL Environmental Inc. subordinate voting shares (GFL $61.51)
  • $61.51 P/E (TTM): 6.29X Cap: $22.08B
  • View GFL Profile
  • View Questions on GFL

Q: Your assessment of this stock at this price. Buy sell or hold, I have a small amount in the $43.00 range.

Upvote 0

Read Answer Asked by kenneth on February 17, 2022