Investment Q&A

Q: How would you define a "core holding" in a portfolio? The above listed companies I consider to be core holdings. Does this list broadly match your definition of what type of companies should make up core holdings in a portfolio? Are there names in that list that you would NOT consider to be "core holdings"?
Thank you for your work and please deduct as many credits as you see fit.

Q: Similarly to the question asked by David regarding your Income portfolio, for B-E portfolio, what would be your top 10 stocks in the order you would buy. Based on anticipated total return (dividends + stock price increase) for the next five years expectations. I would also appreciate if you could add to these stocks your return expectations and risk ratios on the scale of 1 to 10, with 10 being highest. Thanks.

Q: Following the recent announcement of investments in infrastructure and other areas by Mark Carney, which companies are expected to benefit from these investments? is WSP one of the potential beneficiaries?

Q: Hello 5i - please take the number of credits you need. I began investing last year and have the following portfolio/down rounded up: GOOG: 6%, BN 7%, CSU 4%, DOL 4%, ENB 7%, HXS 9.5%, IFC 5.5%, META 4%, SHOP 7%, WSP 5%, AXON 4%, BRKB 6.5%, ISRG 6.5%, NVDA 2.5%, CRM 2%, AEM 1.2%, BAM 6%, H 1%, LMN 2%, AMZN 5%. I have about 40% cash to add in. Can you please advise of the following: 1. any key stocks you would recommend I add? Please prioritize with 1 being highest recommendation and 5 being lowest recommendation. 2. Any stocks you would recommend I sell? I am interested in a 5 year view. Thank you so much!

Q: Further to my previous question,would you consider these all as a buy at this time?
Thank you

Q: Looking at the question by Michael on Jacobs today I see a company having 2026 net revenue growth of 6-10 % but a PE of 54 ! Sure it’s a fine company in a good sector but does it really deserve a PE of 54 ? Other solid companies in Canada with historically high PE ‘s such as TRI , WSP , and FSV etc., seem to be going through a valuation revision downward. The question is will the revised valuation remain or will the premium valuation return ? Your thoughts. Thanks. Derek.

Q: Could you please rank the above industrial stocks in order for purchase now? I currently hold some and looking to add 1 or 2 more. Thank you

Q: Dear 5i team,
I have been a WSP shareholder for over five years. During this time, the share price has sometimes fallen, but my patience has always been rewarded. I am struggling to understand the recent drop in the share price. I believe the Q3 results were solid. I note that competitors in the sector, such as Stantec and Atkins, are also experiencing declines…
Could you explain recent WSP's decline? What is your view on the future of the stock, and if you are confortable to continue holding?

Thank you.

Q: I know they are in different sectors but I am under weight in both and have some funds to add to one of them. Which would you recommend for a long term hold?

Q: Wsp has dropped over 20% in past month. Slide started before earnings report in early November and accelerated after earnings. At what price would you consider stepping if you already owned Wsp at a lower cost base. I’m very tempted right now!

Q: Once one of my portfolio all stars has fallen onto hard times.

Down 4% today, and 18% in the past 3 months.

What is ailing this once great performer?

Sheldon

Q: Any reason for the drop in WSP?

Q: WSP, WCN and X have been trending down in the last few months. What do you see the future growth for these companies in the next 5 years? Are these good entry points or should it be a hold?

Q: The above stocks make up 80.4% of my holdings. Goog and BN @7% each. The next 5 @ 4% each and the rest at or close to 3% each. For a 10 year horizon, with risk/reward in mind, where would you invest if you had 10% of the portfolio in dry powder- new cash. Any you would sell? Note, I have been trimming CLS, VRT and NBIS to control AI exposure.

Thanks again for all the insights - love the service you provide.

Q: WSP Global stock has grossly underperformed its Canadian peers STN and ATRL over 5 Yrs, 1 yr and YTD. ( 1 Yr: 7% v/s 34% ). And the pattern does not appear to change, even after recent earnings. We know that WSP has been held in 5i portfolios for many years and consistently recommended.

Could you please help us understand the reasons for the disparity and rationale to continue to own the stock vis a vis switching to any of the other two ?

BTW: From a technical perspective, stock seems to have lost its momentum and now trading below its 200 Day MA.

Thank You

Q: Hi, Wsp has dropped over the last few months. What are your thoughts on this and adding to position in Wsp or Stantec which appears to be doing better?
Thank you.

Q: So I ran with wsp, tri, and gsy in an sdrsp for the equity porrtion. Down on all. Looking forward do you think continuing to hold these three in an sdrsp is a good move? Or do you think changing one or all for better blue chip companies is warranted? If so what do you suggest?

Q: Hi
It does not appear that their earnings were bad, yet the drop seems harder than I would expect with a consolidation - but I'm probably just overly nervous whenever I see a 4% slide on a company I believe is usually a very stable holding. Is it possible shareholders are dumping over concerns that the US government shutdown will hold things up for WSP?

Back on Sep 1st, Alexandre L'Heureux was recorded as follows on Bloomberg:
"Alexandre L’Heureux says that so far the halting of government services and permitting has had a “minimal impact” on the Montreal-based company, which has a big presence south of the border.

But he says the entire engineering and construction industry will suffer if legislators fail to reach a deal and resume federal operations soon."

However this statement is a long time ago, so I am not sure it is having any affect today.


Thanks!
D

Q: Please comment on the post earnings for WSP

Q: Any idea what is causing the volatility in WSP. Do you think I should be buying more at the current price $266