Investment Q&A

• Paychex Inc. (PAYX $92.61)
  • $92.61 P/E (TTM): 20.95X Cap: $33.24B
  • View PAYX Profile
  • View Questions on PAYX
• CGI Inc. Class A Subordinate Voting Shares (GIB.A $98.31)
  • $98.31 P/E (TTM): 13.18X Cap: $21.11B
  • View GIB.A Profile
  • View Questions on GIB.A
  • View Reports on GIB.A
• Restaurant Brands International Inc. (QSR $99.71)
  • $99.71 P/E (TTM): 31.05X Cap: $45.15B
  • View QSR Profile
  • View Questions on QSR
• Domino's Pizza Inc (DPZ $401.63)
  • $401.63 P/E (TTM): 22.79X Cap: $13.50B
  • View DPZ Profile
  • View Questions on DPZ
• Medpace Holdings Inc. (MEDP $450.41)
  • $450.41 P/E (TTM): 29.44X Cap: $12.78B
  • View MEDP Profile
  • View Questions on MEDP
• Topicus.com Inc. (TOI $97.87)
  • $97.87 P/E (TTM): 310.55X Cap: $12.69B
  • View TOI Profile
  • View Questions on TOI
  • View Reports on TOI

Q: Operating metrics (FCF, ROE, margins, etc.) for PAYX seem quite strong - it seems to be an asset-light business, dividend grower and compounder. However, it's at the same price as 3 years ago and has been underperforming the S&P for the same period. Am I missing something? What are your thoughts for PAYX and is it worthwhile for initiating a position at some level you would suggest?

Upvote 4

Read Answer Asked by Michael on January 03, 2025

• Constellation Software Inc. (CSU $2,524.08)
  • $2,524.08 P/E (TTM): 76.65X Cap: $53.48B
  • View CSU Profile
  • View Questions on CSU
  • View Reports on CSU
• Descartes Systems Group Inc. (The) (DSG $99.52)
  • $99.52 P/E (TTM): 43.29X Cap: $8.56B
  • View DSG Profile
  • View Questions on DSG
  • View Reports on DSG
• Tamarack Valley Energy Ltd. (TVE $10.72)
  • $10.72 Cap: $5.19B
  • View TVE Profile
  • View Questions on TVE
• Hammond Power Solutions Inc. Class A Subordinate Voting Shares (HPS.A $183.41)
  • $183.41 P/E (TTM): 27.13X Cap: $2.18B
  • View HPS.A Profile
  • View Questions on HPS.A
• Vitalhub Corp. (VHI $7.75)
  • $7.75 P/E (TTM): 151.96X Cap: $489M
  • View VHI Profile
  • View Questions on VHI
  • View Reports on VHI
• WELL Health Technologies Corp. (WELL $4.09)
  • $4.09 Cap: $1.03B
  • View WELL Profile
  • View Questions on WELL
  • View Reports on WELL
• CrowdStrike Holdings Inc. (CRWD $441.78)
  • $441.78 Cap: $112.04B
  • View CRWD Profile
  • View Questions on CRWD
• Cellebrite DI Ltd. (CLBT $14.44)
  • $14.44 Cap: $3.60B
  • View CLBT Profile
  • View Questions on CLBT
• Propel Holdings Inc. (PRL $17.60)
  • $17.60 P/E (TTM): 9.11X Cap: $692M
  • View PRL Profile
  • View Questions on PRL
  • View Reports on PRL
• Lumine Group Inc. (LMN $25.08)
  • $25.08 P/E (TTM): 97.04X Cap: $6.43B
  • View LMN Profile
  • View Questions on LMN
  • View Reports on LMN

Q: I have these companies in equal amounts in my TFSA.With an additional $18k to invest,which ones would you add to at this time or would you prefer others. I am 74 and plan to live to be 100,which is my mother’s age! I hope to eventually shoot my age(golf).
Thank your exceptional advice and Happy New Year,

Upvote 38

Read Answer Asked by Allen on January 03, 2025

• Biorem Inc. (BRM $2.48)
  • $2.48 P/E (TTM): 22.55X Cap: $39M
  • View BRM Profile
  • View Questions on BRM

Q: what do you think about the potential of this company and do you know why the big price drop today?

Upvote 2

Read Answer Asked by Gary on January 03, 2025

• DraftKings Inc. (DKNG $25.87)
  • $25.87 Cap: $12.75B
  • View DKNG Profile
  • View Questions on DKNG
• Flutter Entertainment Plc (FLUT $108.37)
  • $108.37 Cap: $19.11B
  • View FLUT Profile
  • View Questions on FLUT

Q: Considering to initiate a position into Draftking. Which one do you prefer between it and Flutter and why?

Happy mew year to all the team and others members!

Upvote 3

Read Answer Asked by Francois on January 03, 2025

• NVIDIA Corporation (NVDA $180.25)
  • $180.25 P/E (TTM): 36.79X Cap: $4.38T
  • View NVDA Profile
  • View Questions on NVDA
• Booking Holdings Inc. (BKNG $4,241.26)
  • $4,241.26 P/E (TTM): 25.53X Cap: $134.33B
  • View BKNG Profile
  • View Questions on BKNG
• Dollarama Inc. (DOL $194.75)
  • $194.75 P/E (TTM): 41.35X Cap: $53.31B
  • View DOL Profile
  • View Questions on DOL
• Brookfield Renewable Partners L.P. (BEP.UN $41.47)
  • $41.47 Cap: $28.20B
  • View BEP.UN Profile
  • View Questions on BEP.UN
  • View Reports on BEP.UN
• Shopify Inc. Class A Subordinate Voting Shares (SHOP $168.83)
  • $168.83 P/E (TTM): 133.46X Cap: $220.17B
  • View SHOP Profile
  • View Questions on SHOP
  • View Reports on SHOP
• Constellation Energy Corporation (CEG $301.77)
  • $301.77 P/E (TTM): 40.78X Cap: $109.23B
  • View CEG Profile
  • View Questions on CEG

Q: Happy New Year to all 5i staff.

What are your top 3 picks in Canada and the US for 2025?

Thank you for all you do!

Upvote 32

Read Answer Asked by Marty on January 03, 2025

• Quisitive Technology Solutions Inc. (QUIS $0.56)
  • View QUIS Profile
  • View Questions on QUIS

Q: Another company agrees to a low sellout price .Owners only one gets rich on this sale

Upvote 5

Read Answer Asked by Don on January 03, 2025

• Novo Nordisk A/S (NVO $37.96)
  • $37.96 P/E (TTM): 10.67X Cap: $363.68B
  • View NVO Profile
  • View Questions on NVO

Q: Hi Folks

I believe Novo Nordisk is Danish. If I was to buy Novo Nordisk on the US exchange (NONOF:OTC PINKl what kind of withholding tax should I expect on the dividend. And should I hold it in the RRSP to avoid this tax?

Thanks

Stuart

Upvote 4

Read Answer Asked by Stuart on January 03, 2025

• Lumine Group Inc. (LMN $25.08)
  • $25.08 P/E (TTM): 97.04X Cap: $6.43B
  • View LMN Profile
  • View Questions on LMN
  • View Reports on LMN

Q: If the market spooks with the news of the sudden CEO leave of absence would you be a buyer and at what price?
Thks

Upvote 16

Read Answer Asked by Robert on January 03, 2025

• iShares Russell 2000 Growth ETF (IWO $315.18)
  • $315.18 P/E (TTM): 22.36X Cap: $12.30B
  • View IWO Profile
  • View Questions on IWO
• BMO S&P 500 Index ETF (ZSP $99.82)
  • $99.82 P/E (TTM): 25.46X Cap: $20.64B
  • View ZSP Profile
  • View Questions on ZSP
• iShares Core Canadian Universe Bond Index ETF (XBB $27.94)
  • $27.94 P/E (TTM): 31.38X Cap: $9.88B
  • View XBB Profile
  • View Questions on XBB
• iShares Core S&P/TSX Capped Composite Index ETF (XIC $52.08)
  • $52.08 P/E (TTM): 18.19X Cap: $25.52B
  • View XIC Profile
  • View Questions on XIC
• Vanguard Dividend Appreciation FTF (VIG $217.54)
  • $217.54 P/E (TTM): 24.38X Cap: $100.13B
  • View VIG Profile
  • View Questions on VIG
• Vanguard Balanced ETF Portfolio (VBAL $36.79)
  • $36.79 P/E (TTM): 6.89X Cap: $4.79B
  • View VBAL Profile
  • View Questions on VBAL

Q: My wife has some money should would like to invest in eft. Which ones would you recommend.

Upvote 7

Read Answer Asked by Mike on January 03, 2025

• Ondas Inc (ONDS $10.16)
  • $10.16 Cap: $4.57B
  • View ONDS Profile
  • View Questions on ONDS

Q: Came across this small US company who's subsidiary Airobotics has been awarded a new deal from an undisclosed semiconductor company to leverage their fleet of drones for aerial security purposes.
Could you please give me any information on this info if possible and would you provide any analysis you have on this company?
Thank as always
Gary

Upvote 1

Read Answer Asked by Gary on January 03, 2025

• Intermap Technologies Corporation (IMP $1.40)
  • $1.40 Cap: $102M
  • View IMP Profile
  • View Questions on IMP
• Medicenna Therapeutics Corp. (MDNA $0.77)
  • $0.77 Cap: $71M
  • View MDNA Profile
  • View Questions on MDNA
• Perpetua Resources Corp. (PPTA $40.83)
  • $40.83 Cap: $4.97B
  • View PPTA Profile
  • View Questions on PPTA
• Anaergia Inc. (ANRG $2.26)
  • $2.26 Cap: $384M
  • View ANRG Profile
  • View Questions on ANRG

Q: Big speculative winners this year. Any merit for continuation in 2025? Thanks...

Upvote 1

Read Answer Asked by Bruce on January 03, 2025

• BCE Inc. (BCE $35.09)
  • $35.09 P/E (TTM): 5.27X Cap: $32.72B
  • View BCE Profile
  • View Questions on BCE

Q: While reviewing the purchasing/selling by insiders I noted some transactions as derivative buy or sale by BCE. The type of securities were identified also as "equity swap-long position".
Can you please clarify what the terms "derivative buy" and "equity swap" mean ?
Thank you

Upvote 7

Read Answer Asked by Terry on January 03, 2025

• Alphabet Inc. (GOOG $301.46)
  • $301.46 P/E (TTM): 27.89X Cap: $3.65T
  • View GOOG Profile
  • View Questions on GOOG

Q: Hi 5i wonder team,
If you have fund to invest in only one US stock in 2025, what is your choice?

Upvote 32

Read Answer Asked by Henry on January 03, 2025

• Deckers Outdoor Corporation (DECK $100.78)
  • $100.78 P/E (TTM): 14.25X Cap: $14.30B
  • View DECK Profile
  • View Questions on DECK

Q: Hello Peter and team,

Early December, you said DECK trades at 34X forward earnings, a bit expensive but you like it.

Looking at technicals, it is way above the 200 daily moving average. After the big run it has had for the last 2 years, do you think it would be better to wait before buying, expecting it to retrace back to the 200 DMA?

Do you think it still has room to go higher? What would be your target price?

Thank you!

Silvia

Upvote 2

Read Answer Asked by Silvia on January 03, 2025

• Rumble Inc. (RUM $5.33)
  • $5.33 Cap: $2.42B
  • View RUM Profile
  • View Questions on RUM

Q: Good morning 5i team,
Rumble has recently made a huge deal with Tether. What are your thoughts on the recent parabolic rise in the stock? Do you see Rumble as a potential threat to Youtube?

Upvote 1

Read Answer Asked by Rob on January 03, 2025

Q: Many are feeling the market is high. Certainly, we can't expect another year of 20% growth.

I'm interested in a strategy of maintaining those gains. Does that mean pulling money out of stocks that seem overgrown, or does it mean investing new money into areas that have not been part of the recent rise.

What sectors do you think these are? I nominate well-known companies (especially tech and giants like Costco) as overgrown even if they are good companies, and energy and small cap as part of the second group.

How does this compare with your thinking?

Upvote 23

Read Answer Asked by Kevin on January 03, 2025

• Restaurant Brands International Inc. (QSR $99.71)
  • $99.71 P/E (TTM): 31.05X Cap: $45.15B
  • View QSR Profile
  • View Questions on QSR
• A&W Revenue Royalties Income Fund (AW.UN $36.93)
  • $36.93 P/E (TTM): 17.7X
  • View AW.UN Profile
  • View Questions on AW.UN
  • View Reports on AW.UN
• Boston Pizza Royalties Income Fund (BPF.UN $24.05)
  • $24.05 P/E (TTM): 13.21X Cap: $570M
  • View BPF.UN Profile
  • View Questions on BPF.UN
  • View Reports on BPF.UN
• Pizza Pizza Royalty Corp. (PZA $15.77)
  • $15.77 P/E (TTM): 16.78X Cap: $525M
  • View PZA Profile
  • View Questions on PZA

Q: Pizza Pizza and Boston Pizza's price history and dividend payouts seem to have been reasonably stable for more than one year. I know you prefer AW.UN but are the other two ok for income? QSR looks too pricey and has a low dividend. What do you recommend?

Upvote 3

Read Answer Asked by Jean on January 03, 2025

Q: I have owned this pref for some time...I find it difficult to find info on US PFD"s...my question is do these have a reset feature like CDN Pfd's and similar call features or should one just consider them perpetual pfd's...many thanks

Upvote 1

Read Answer Asked by Cam on January 03, 2025

• State Street SPDR S&P Regional Banking ETF (KRE $63.11)
  • $63.11 P/E (TTM): 13.17X Cap: $3.73B
  • View KRE Profile
  • View Questions on KRE
• Citizens Financial Group Inc. (CFG $55.64)
  • $55.64 P/E (TTM): 14.41X Cap: $23.64B
  • View CFG Profile
  • View Questions on CFG
• East West Bancorp Inc. (EWBC $104.49)
  • $104.49 P/E (TTM): 10.98X Cap: $14.63B
  • View EWBC Profile
  • View Questions on EWBC
• Truist Financial Corporation (TFC $43.83)
  • $43.83 P/E (TTM): 11.47X Cap: $54.75B
  • View TFC Profile
  • View Questions on TFC

Q: Hi Team, please list your 3 favorite US Regional banks and a short explanation of why you like each.
Thanks and Happy Holidays to all.
Rob

Upvote 2

Read Answer Asked by Robert on January 03, 2025

• BMO S&P 500 Index ETF (ZSP $99.82)
  • $99.82 P/E (TTM): 25.46X Cap: $20.64B
  • View ZSP Profile
  • View Questions on ZSP

Q: I have some cash and would like to buy a US TFA that is listed on the TSX what ones would you suggest?
Thanks for your help
Dorothy

Upvote 3

Read Answer Asked by Dorothy on January 03, 2025