Investment Q&A

Q: Based on the supposed increase in US infrastructure spending what US or Canadian companies would u recommend or ETF/
Thank you.

Q: Hello, WSP has done very well lately and seems to have reach the consensus target price. Is it time to take some profits?
Thank you!

Q: If we believe all we are hearing there could be a lot of government spending on Infrostructure both in Canada and the US. With this in mind how would you rate the above companies for growth in the next 2 - 3 yrs? Which would be benefitting most from US expenditure? Any others you would prefer?
(If this is more than one question - OK) I always appreciate your good advice. Thks.

Q: Hello 5i Team!

With STN and WSP recent quarterly results in which company stands to benefit most with the planned future infrastructure spend in the US? I know that both companies are liked by 5i, however, which company has the current edge for a long term investment for capital appreciation? I held Stantec in the past and moved to WSP on your previous recommendations in the Balanced Portfolio.

As always, thanks for the great service!
Angelo

Q: I have $5000 I would like to put into a pipeline and wondered if you could recommend something? Perhaps one that might benefit from a Trump presidency. Some income would be nice but not essential. They all seem to be dropping which is the opposite I thought they would do. That's why I need 5i. Thank you :-)

Q: Is it a good time to buy above stocks for RRSP?I appreciate your order of preference.Thank you.Ebrahim

Q: When looking at BIP.UN an infrastructure stock, can you compare this stock to other infrastructure stocks like a stantec or wsp global. My feeling is that stocks like stantec are more directly involved in the infrastructure industry and will be more directly affected by the Canadian and USA infrastructure spending that are planned in the near future. Your feeling would be appreciated. Tnx.

Q: comments re earnings. Market seems to like it. Thanks. Chris

Q: I need to add two full positions in the Industrial Sector to my portfolio. What would you recommend?
Thanks for a great service!

Q: I have 1/2 of position in STN, and and 1/4 position in WSP. I am down about 2-3% on STN. I am fine with both, but was wondering if I should consolidate to WSP. Two reasons, reduce stocks I own get more concentrated portfolio, and get more significant position in one Engineering company.

Q: WSP: bought in March of this year: has not done much, I think missed last 3 Q EPS, does not seem to have a history of > dividends - so, what do you see going forward - I believe they have done a lot of acquisitions as well which will take a lot of time to show on the P&L. Comments please.

Q: BDT is not feeling the Morneau love this morning, unlike for example WSP which is up on an otherwise down day. Is this a fair assessment of the likely beneficiaries of government infrastructure money? Anyone else in the space that is worth looking at? Thank-you

Q: I have small positions in bam.a and bip.un. I would like to add wsp or stn. Which would you prefer for a 2 to 3 Year hold and why? Thanx.

Q: wsp and northview apartments
appreciate your short and long term outlook for these companies!

Q: Q 2 2016
Net revenues
Net revenues are defined as revenues less direct costs for sub-consultants and other direct expenses
that are recoverable directly from the clients. Net revenues are not an IFRS measure and do not have
a standardized definition within IFRS. Therefore, net revenues may not be comparable to similar
measures presented by other issuers. Investors are advised that net revenues should not be construed
as an alternative to revenues for the period (as determined in accordance with IFRS) as an indicator of
the Corporation’s performance.

For WSP this is a very large number 330 million $ +.. is this typical in the engineering business and is it
variable ? With 34000+ employees why do they need sub-consultants ? and overall
is WSP seriously exposed to wage inflation ?

A lot of questions here, Thank you,

Ian

Q: Do all above companies fall under Industrial? My total weight is 13% Is this too high? I feel that I have too many companies in this sector and may be better to have only 4-5? STN and WSP are similar so would it be better to sell one of these and add to the names that are listed. I am also thinking of selling ET and taking the proceeds to add to the other names now leaving me with 5. Is this a good approach?

Thanks
Dolores

Q: I see that the public sector is entering a growth phase, what would be your top 5 public sector dept picks for an aggressive growth portfolio?
I'm thinking that Health would be a 'no brainer' replacement for condordia, oh but wait...the grey tsunami...so would that be a long or short position.
Cheers and happy Friday

Q: Could you please give me your top 4 industrial companies. I own WSP, STN and BDI in Canada. HON and TRN in US. I'm a little torn on weather to add to BDI and/or TRN. But your top 4 may be a good place to start in making my decision. Thanks for your help.

Q: Are these stocks at a good entry point and if could only buy one now which one would you buy first?

Q: I need to increase my weighting in the "Technology" space and currently own equal weightings of AVO, MDA, OTC, SYZ and WSP. With $50K to spend, would you buy a new company (I am thinking DH Corp or whatever div paying company you recommend) OR would you just increase your stake in one or more of these currently owned companies. I know you have WSP and DH as "Industrials" but can it not be argued that they are "Tech"?