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Investment Q&A

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

Q: I have all three currently in a taxable account and about to transfer something into a TFSA. Would you have any preference over these three great companies at the moment for that?
thanks
Read Answer Asked by joseph on February 17, 2021
Q: Hi, Constellation's TSS Group released quarterly results, last evening. Could you please comment on the results. We have not seen this NR, before. Do these results relate to Topicus ? If so, does it further strengthen your belief in Topicus and buy shares at current $59-$60 level ? Thank You
Read Answer Asked by rajeev on February 11, 2021
Q: I have read the About Us section on the Topicus web page: "Topicus.com is a leading pan-European provider of vertical market software and vertical market platforms to clients in a select group of public and private sector markets. We build, acquire and manage industry specific software businesses which provide specialized, mission-critical and high-impact software solutions that address the particular needs of our customers." So, if I got it right, Topicus is in a sense a mini CSU operating in Europe, is that right? In terms of their business and what they do, are there differences between CSU and TOI? Thank you
Read Answer Asked by Gervais on February 11, 2021
Q: I have 3.5% if funds specifically earmarked for the technology sector after recently selling a position in OTEX. I am debating between taking a 3.5% position in CSU or splitting the funds and taking two smaller positions in STC and PHO. My portfolio consists mainly of larger market cap, lower volatility investments, so I feel I have some flexibility towards taking on a position in growth companies. That being said, I believe that CSU is best-in-class for its sector (particularly if limiting the field to TSX-traded companies). I would appreciate your insight. Thanks so much!
Read Answer Asked by Domenic on February 11, 2021
Q: Over the years CSU has been building in my TFSA and UnReg account to the point where it is too large of a single holding. I am thinking of selling enough to buy two stocks and keep an equal amount of CSU. Thoughts are buy KXS and TOI. I would very much appreciate your suggestions/thoughts on this please. Open to US ideas as well. Thanks again.
Read Answer Asked by Danny-boy on February 09, 2021
Q: I have difficulty to understand the purpose of the spin off. Both companies are chasing for the same type of companies to continue their growth. How are they going to proceed when there is a target ? They will probably have 2 acquisitions teams working in tandem ? Which companies are going in the CSU portfolio and then in the topicus portfolio ... Thanks
Read Answer Asked by jean on February 09, 2021
Q: 5i has stated in the past that the above companies have no debt (LNF "very little debt") - is that still the case? If possible, can you please name 5 additional good CAN and 5 US companies that have no debt or very little?
Thanks!
Read Answer Asked by Grant on February 08, 2021
Q: Hi Peter, Ryan, and Team,
This is a two-part question, so please feel free to deduct enough credits.
(1) In Portfolio Analytics, is it appropriate to enter zero for the cost basis? After all, we didn't pay anything for these shares. (Thank you 5i)
(2) In our combined accounts, prior to the spin-out, we were already overweight in Technology, holding ABST, CSU, ENGH, XIT, and KXS. In order to balance our accounts, what, if anything, would you recommend we do? It would be costly to reduce all the holdings which I'm reluctant to do.
Thanks in advance for your valued advice and opinion.
Read Answer Asked by Jerry on February 05, 2021
Q: Hello 5i team,
Now that TOI is trading: could you compare CSU and TOI valuation in terms of p/e, p/s, debt/equity, p/editda multiple? Are these about right according to your expectations? If not, what would you expect?
Thank you for your collaboration, Eric
Read Answer Asked by Eric on February 05, 2021
Q: Hello, is CSU still a buy at todays prices ? Or, is there a comparable company you would buy that maybe operates in a different sector but has the same or better growth possibilities ?
Read Answer Asked by Robbie on February 04, 2021
Q: Hi, Another question on CSU/TOI relationship. CSU still has direct/indirect ownership of Topicus - How much of the new co. shares are owned by CSU and would it reflect in CSU stock price, once TOI started trading ? By default, in addition to the Topicus shares received from spin out, as CSU shareholders, we also own the same % of Topicus? We are trying to figure out that while continue to own Constellation shares, what would be a reasonable position to add to Topicus (received thro' dividend). Thank You
Read Answer Asked by rajeev on February 02, 2021
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