Investment Q&A

• Fairfax Financial Holdings Limited Subordinate Voting Shares (FFH $2,490.64)
  • $2,490.64 P/E (TTM): 8.25X Cap: $52.24B
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• ONEX Corporation Subordinate Voting Shares (ONEX $111.40)
  • $111.40 P/E (TTM): 13.1X Cap: $7.68B
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Q: Loved your special updates. Please provide your insights as often as possible. Very helpful!

Bought some stocks last week and planning to continue slowly this week. It looks like it s going to be down tomorrow after the Fed announcement...

My wishlist is ready. Fairfax vs Onex, which one do you prefer for long term hold (if you like) or a bit of both. Can you briefly comment on main risks for Onex.

Thank you!

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Read Answer Asked by Pierre on March 16, 2020

• ONEX Corporation Subordinate Voting Shares (ONEX $111.40)
  • $111.40 P/E (TTM): 13.1X Cap: $7.68B
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• goeasy Ltd. (GSY $123.82)
  • $123.82 P/E (TTM): 8.9X Cap: $1.96B
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• Fiera Capital Corporation Class A Subordinate Voting Shares (FSZ $5.97)
  • $5.97 P/E (TTM): 23.72X Cap: $632M
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Q: Need to add to the financial sector. Prefer an alternative to banks and insurance because of dealing interest rates. I already have BAM.A
Ideas?

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Read Answer Asked by Doug on March 16, 2020

• ONEX Corporation Subordinate Voting Shares (ONEX $111.40)
  • $111.40 P/E (TTM): 13.1X Cap: $7.68B
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Q: Hi, how would you classify ONEX and what sector would you allocate it to? It says industrial on the TMX site, does that make sense or is it more financial? Or would you classify your holdings in PE stocks such as ONEX and KKR as a totally separate sector such as Alternative or Private Equity?? Thanks!

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Read Answer Asked by Keith on February 05, 2020

• ONEX Corporation Subordinate Voting Shares (ONEX $111.40)
  • $111.40 P/E (TTM): 13.1X Cap: $7.68B
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• Magna International Inc. (MG $72.20)
  • $72.20 P/E (TTM): 14.17X Cap: $20.12B
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Q: Greetings,

Can you please provide your top 3 value investments - where you think the market is currently 'mispricing' the company who, in addition, have future growth ahead of them. (skip the oil and gas companies).

Thanks

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Read Answer Asked by kelly on November 25, 2019

• ONEX Corporation Subordinate Voting Shares (ONEX $111.40)
  • $111.40 P/E (TTM): 13.1X Cap: $7.68B
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Q: Consider selling CWB:CA and use the funds to add to my position in ONEX:CA. This would bring ONEX:CA to 3% of my portfolios. I already hold 4% in BAM.A:CA.

Thank you for your input.

Werner

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Read Answer Asked by Werner on November 18, 2019

• ONEX Corporation Subordinate Voting Shares (ONEX $111.40)
  • $111.40 P/E (TTM): 13.1X Cap: $7.68B
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Q: Can you please comment on ONEX for a long term hold.

Thanks Valter

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Read Answer Asked by Valter on November 01, 2019

• ONEX Corporation Subordinate Voting Shares (ONEX $111.40)
  • $111.40 P/E (TTM): 13.1X Cap: $7.68B
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• Centerra Gold Inc. (CG $19.50)
  • $19.50 P/E (TTM): 8.74X Cap: $3.93B
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• KKR & Co. Inc. (KKR $134.52)
  • $134.52 P/E (TTM): 57.88X Cap: $121.75B
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• Blackstone Inc. (BX $150.91)
  • $150.91 P/E (TTM): 43.32X Cap: $111.63B
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• Apollo Global Management Inc. (APO $147.03)
  • $147.03 P/E (TTM): 21.58X Cap: $85.93B
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• Ares Management Corporation Class A (ARES $172.34)
  • $172.34 P/E (TTM): 74.78X Cap: $56.80B
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Q: Hi,
I've owned ONEX in the past but currently don't have any exposure to private equity and I'm looking to get back into this space. Should an average long term growth investor have some exposure to this asset class? Looking to make PE 3-5% of my total portfolio. Can you rank the mentioned stocks from best to worst and which ones are best for long term growth and capital appreciation. Any other suggestions or advice would be welcome. Thanks!

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Read Answer Asked by Keith on October 21, 2019

• ONEX Corporation Subordinate Voting Shares (ONEX $111.40)
  • $111.40 P/E (TTM): 13.1X Cap: $7.68B
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• Thomson Reuters Corporation (TRI $181.62)
  • $181.62 P/E (TTM): 33.57X Cap: $80.02B
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Q: Hi 5i
I wish to add these 3 to my TFSA or non registered account. Which would be better in a TFSA or does it not matter? In which order would you buy at this time?
Thanks for all you do
Gary

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Read Answer Asked by Gary on October 18, 2019

• Amazon.com Inc. (AMZN $222.36)
  • $222.36 P/E (TTM): 31.95X Cap: $2.41T
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• ONEX Corporation Subordinate Voting Shares (ONEX $111.40)
  • $111.40 P/E (TTM): 13.1X Cap: $7.68B
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Q: Can you give me your thoughts on how well positioned the above noted stocks are in our current economic environment?

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Read Answer Asked by Ian on August 16, 2019

• ONEX Corporation Subordinate Voting Shares (ONEX $111.40)
  • $111.40 P/E (TTM): 13.1X Cap: $7.68B
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• Brookfield Business Partners L.P. (BBU.UN $48.40)
  • $48.40 Cap: $10.24B
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Q: If these companies more or less share the same space, which would you prefer? Thanks as always.

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Read Answer Asked by Michael on July 08, 2019

• ONEX Corporation Subordinate Voting Shares (ONEX $111.40)
  • $111.40 P/E (TTM): 13.1X Cap: $7.68B
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Q: Hi Team,

May I please have your thoughts about ONEX's proposed acquisition of WestJet? Thank you.

Michael

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Read Answer Asked by Michael on May 13, 2019

• ONEX Corporation Subordinate Voting Shares (ONEX $111.40)
  • $111.40 P/E (TTM): 13.1X Cap: $7.68B
  • View ONEX Profile
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• SNC-Lavalin Group Inc. (SNC)
  • P/E (TTM): 100.9X Cap: $7.63B
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Q: Interesting article in Tuesday's Globe about the SNC sale of Highway 407. Stephen Jarislowsky is against the sale, he thinks it should go to a shareholder vote and feels that the value of the 407 investment will double in 10 years. My question is how can an an investor like myself invest in the 407 and if the answer is no can you recommend a similar investment. Thank You.

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Read Answer Asked by Brian on May 01, 2019

• ONEX Corporation Subordinate Voting Shares (ONEX $111.40)
  • $111.40 P/E (TTM): 13.1X Cap: $7.68B
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Q: Your thoughts re onex buying gluskin Schiff please.

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Read Answer Asked by Rose on March 25, 2019

• ONEX Corporation Subordinate Voting Shares (ONEX $111.40)
  • $111.40 P/E (TTM): 13.1X Cap: $7.68B
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Q: Can I get your thoughts on Onex? Is the current price a good entry point for a long term hold?

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Read Answer Asked by Dan on March 22, 2019

• Fairfax Financial Holdings Limited Subordinate Voting Shares (FFH $2,490.64)
  • $2,490.64 P/E (TTM): 8.25X Cap: $52.24B
  • View FFH Profile
  • View Questions on FFH
• ONEX Corporation Subordinate Voting Shares (ONEX $111.40)
  • $111.40 P/E (TTM): 13.1X Cap: $7.68B
  • View ONEX Profile
  • View Questions on ONEX

Q: Greetings 5i Team,
What is your opinion of these two companies, which would your rather own and is this a good time to invest?
Steve

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Read Answer Asked by Steve on January 25, 2019

• Toronto-Dominion Bank (The) (TD $126.63)
  • $126.63 P/E (TTM): 10.62X Cap: $214.76B
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• Bank of Nova Scotia (The) (BNS $100.68)
  • $100.68 P/E (TTM): 24.61X Cap: $124.36B
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• ONEX Corporation Subordinate Voting Shares (ONEX $111.40)
  • $111.40 P/E (TTM): 13.1X Cap: $7.68B
  • View ONEX Profile
  • View Questions on ONEX
• Fiera Capital Corporation Class A Subordinate Voting Shares (FSZ $5.97)
  • $5.97 P/E (TTM): 23.72X Cap: $632M
  • View FSZ Profile
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  • View Reports on FSZ

Q: Please recommend one of the financial companies to be added in my portfolio.

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Read Answer Asked by Dev on January 09, 2019

• ONEX Corporation Subordinate Voting Shares (ONEX $111.40)
  • $111.40 P/E (TTM): 13.1X Cap: $7.68B
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• Vermilion Energy Inc. (VET $11.60)
  • $11.60 Cap: $1.81B
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Q: Can you comment on why Onex has been so terrible in terms of this years performance.....and what you think it's prospects for 2019 are?Also is Vermillion dividend safe in your view?

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Read Answer Asked by Kim on December 19, 2018

• ONEX Corporation Subordinate Voting Shares (ONEX $111.40)
  • $111.40 P/E (TTM): 13.1X Cap: $7.68B
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Q: Hold ONEX in my RSP as a long portfolio diversifier. Could you comment on the latest numbers and would you prefer ONEX or BAM.A. Thanks Ron

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Read Answer Asked by Ronald on November 16, 2018

• ONEX Corporation Subordinate Voting Shares (ONEX $111.40)
  • $111.40 P/E (TTM): 13.1X Cap: $7.68B
  • View ONEX Profile
  • View Questions on ONEX

Q: Hi there

Any thoughts on why Onex has fallen so much since the summer?

Thanks

Stuart

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Read Answer Asked by Stuart on November 15, 2018

• ONEX Corporation Subordinate Voting Shares (ONEX $111.40)
  • $111.40 P/E (TTM): 13.1X Cap: $7.68B
  • View ONEX Profile
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Q: I hold a full position in both ONEX and BAM (BAM in US$). I'm 79 and have cash to see me through the next 2 years. I look to my portfolio to mainly provide growth with reasonable security. Is this too much private equity, and if so which one would you sell and what would be a better investment?
How do you allocate these two when considering geographic and sector allocation. It doesn't seem right to classify both as Canadian Financial

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Read Answer Asked by Doug on August 23, 2018