Investment Q&A

Q: Responding to Wilson on Dec 21 you stated that Acuity Ads was moving up based on a "comparable valuation move" relative to TTD based on "price to sales" and that "momentum in the stock is about the best we have seen".  Valuation relative to competitor MGNI was also mentioned in your response.  Since then AT is up approx 40% while TTD is flat, and MGNI has more than doubled.  Please provide an update on the current relative valuation of AT, TTD and MGNI using the price to sales metric (and any additional metric that you feel may be relevant).  Do you consider AT to still be significantly undervalued relative to TTD and MGNI?  Looking ahead, is it a takeover target?  Do you think that the current momentum on AT will push it higher?  Are there any catalysts on the horizon that may push it higher?  Thanks to 5i I have a substantial position in AT with a cost base of $1.46.  I really like to let my winners run but sitting on a holding with a 19x gain, I need to decide if/when to liquidate some of the position.....thank you.

Q: You have stated that AT is cheap compared to its peers.
Could you list some of its peers and highlight the valuation differences.
Many thanks

Q: I have decided to exit all large cap stocks and move down the market cap range.
Please list your 5 most compelling US small caps for an agressive investor, irrespective of sector.
These would be to complement my current small cap holdings. If you feel any of the below holdings can be added to, please advise.
CELH
GAN
ICAD
ICHR
MGNI
MED
MITK
RDFN
SDGR

Thank you for your excellent service. I have made a small fortune with 5i

Q: Would like your opinion on NUAN, APPS and AT as a growth stock. Looking for 2 to add to my TFSA. Could you rank them in order of preference and if you have a favourite include it in the list.
Thank you John

Q: MGNI- another home run for your team. Well done and thx. Do you like the deal?

I had not bought twst yet. Do you like the entry point after the drop on reporting?

Thx as always
Brian

Q: Which of these businesses do believe has the better long term growth opportunity?
Thanks

Q: Small caps have always been a focus of mine and the 5i team has helped me build out a nice group over the last year to complement my core holdings. Can you let me know if your thesis has changed (negatively) on any of these names? Any standouts that you would add to either due to opportunity or valuation if I had more $ available?

Thx as always for your valued advice

Q: Real and bsr are laggards in my portfolio. i would like to replace with two good performers .
on 5i i see crwd celph mgni et all i dont really know what they do
please suggest two that are on the safeside not necessarily the best .
also pbl a cdn co was a top pick by Stephen Takaczy

Q: Hi team,
In the US small caps in the growth mode, which are your current favorites ? Any views on FTHM-Q, CTRN-Q, ROAD-Q ?
Gratefully,
J IDS

Q: Mgni is at all time high, would you buy at current price? Thanks

Q: Can you please provide your top three Canadian or US small cap names for growth, along with a quick blurb on each re: their risks and opportunities? I have no sector preference and very high risk tolerance for this investment. Thanks.

Q: Good Morning,

Could I get a selection of your favorite small and mid-cap tech stocks that you'd want to start a position in today and build over time.

thanks!

Mark

Q: Immersion Corp (IMMR) and Magnite Inc. (MGNI). It's a good time to buy for long term hold.

Thanks,

Q: Hi Peter and team,
If SCR does a financing within days, and the share price drops, do you think it will recover quickly?
Another question: AT vs MGNI, are their business very similar? Which one you prefer in term of growth? or which one you will buy at current price?
Thank you very much,
James

Q: Hello 5i
I'm hearing a lot of chatter about small caps having good growth prospects going forward. I believe you like IWO for US small caps.
Can you suggest 5-6 of your favorite US stocks to hold as a basket of small caps instead of IWO if one wanted to own stocks directly.
Thank you so much!!
Dave

Q: Hi, Would like to start a small cap pool of potential high growth companies in Canada and US. What would be your picks? I have started with XBC and AT..
What would the recommended holding time be? so far my general mistake has been to give up on small cap stocks too early during periods of lull..AT is a good example I quit too early and missed a 10 fold increase and now I am back in..TSLA is another great miss for me not a small cap though.. Thank you.

Regards,

Shyam

Q: HI,

I notice the short piece by Spruce point is having the desired effect on MGNI. Your thoughts would be appreciated.

Thank-you.

Q: Hi team,
Any updates as to why Magnite is up 18% so far today? It’s been on a crazy run, and is up 60% since I purchased it last week! Should I continue to hold? Thanks for your great recommendation on this one !

Shane

Q: MGNI Wondering what's behind the large jump? Thanks.

Q: Seasons greetings from Nunavut... I'd like to start positions, however all are currently overvalued according to MS - I understand its difficult to value these types of stocks. So far I have a little of all of them, except TTD. Should I just buy??? Or wait till they pull back? Are there some you would buy now and others you'd wait and see?