Investment Q&A

Q: https://www.csisoftware.com/category/press-releases/2023/08/03/constellation-software-inc.-announces-rights-offering-of-series-1-debentures

Help,
I seem to have some warrants referenced to CSU’s Series 1 Debentures. But, I am having difficulty understanding why I have them and whether or not they can be exercised.

Q: In the last couple of days there has been a few references on BNN to some regulatory changes that will have the effect of reducing the rates paid on HISAs at banks, etc. Can you pls explain exactly what is happening and how much effect there will be from this? Last, are there reasonable alternatives (ie secure with good rates) available if the rates go down in any significant way? Thanks for your excellent service

Q: On January 9, 2024, LNTH reported preliminary Fiscal 2023 Revenue between $1.295 – $1.297B. The stock price dropped from $65.30 to around $51 over 10 days. Lantheus reported 4Q on February 22 and the stock price jumped 14.71%. 2023 Revenue was $1.3B. 2024 Revenue guidance is $1.41 - $1.445B, with Adjusted diluted EPS guidance of $6.50 - $6.70. This about 7% revenue and 4% - 7% EPS annual growth. Adjusted 4Q EPS was $1.47 beat estimate of $1.45. Using 2023 Adjusted EPS, the P/E is 9. My questions are:

1) The 14.71% price jump brought the stock price back up the level it was before January 9, 2024 announcement. I am trying to understand the market action – would you please explain or best guess?

2) In your answers to Kel question on February 7, 2024 and Neil’s question on January 9, 2024, it was mentioned LNTH growth rate has slowdown, “The company has been reinvesting heavily in the last two years to pursue growth.” The 4Q result and 2024 guidance confirm growth has slowdown. Is this a value trap? Do you think the stock price would be stagnant for awhile until growth is reestablish?

Thank you.

Q: Hi gang,
What is your take on sq ?
Buy more, hold or sale?
Thanks
Alnoor

Q: Hello, could you please provide your insights on Definity Financial's earnings results? Do you consider it a viable long-term investment? Additionally, if the stock were to be sold in the future, do you have any predictions on potential buyers? Thank you.

Q: 23% of my portfolio is invested in utilities (carefully selected stocks+ETFs + covered call ETfs (and some leveraged ETFs) for the following reasons: 1) dividends as revenue + various tax advantages 2) its seems to me that utilities are quite "essentials" in a society during crisis, even if interests are high 3) covered calls for revenue + to compensate for the actual high volatility + some protection for potentially down markets. Your opinion on this approach ,as any suggestion , shall be greatly appreciated ! regards Jean-Yves

Q: Morning, your review of the BKNG quarter and company please. Is it a Buy and still your top pick in travel.

thx... M

Q: Why the big jump in price Thursday?

Sheldon

Q: Hi folks
Thankfully I bought VO and not IJH. IJH is down 79% today at 3pm (Thurs). Why???
Much thanks

Q: I know the valuation is high, but why is this bird just flying sky high, is it possible that they just have the best tasting wings in the business and the customers are voting with there tastebuds, and the shareholders are just eating it up.
Thanks Again

Q: following chord buyout enerplus and several 2023 deals can you suggest/speculate
possible future targets , i am thinking wcp, tve, bte.
thank you

Q: I have a question about HPS. This is a small company that seems to have recently come on your radar, noting staggering growth in a stable market. With this growth rate it is still small, just cresting the 1B market value recently.
What is making it so successful? It seems like a ‘boring’ low tech company. What is its future expected growth and what is its addressable market?
Any comments would be helpful to understand how electrical infrastructure widgets became such a big new thing.

Q: Thoughts on earnings....buy/sell/hold? Thanks.

Q: Hello, Please provide your thoughts on Skeena Resources Limited. What are your key concerns.

Thanks

Q: Good Morning
I have done well with Kinaxis but have become impatient with the returns over the last couple of years. Can you recommend an alternative? I am considering swapping out for TVK and HPS.A.
thank you

Q: Hello,

I own IAG and it recently missed earnings expectations by 5% and, as a consequence, the market reaction was brutally punitive. How can you compare IAG's overall financial strength to larger Canadian Insurers, say IFC and MFC, and are there overall reasons to worry apart from the market's bad quarter reaction ?

Q: Hi...just watched the 2nd part of the podcast....good stuff. Got me thinking. I am trying to reconcile two different issues that I've been thinking about for quite some time.

#1 = Asset allocation and trimming when a position goes from, say, 5% to 10%. That is a 100% return. Where to trim at? I usually trim when a position gets to 6-7%...my own personal risk tolerance, learned from being greedy and hanging on too long. Some positions, like PBH and WSP (currently held since 2012 and 2014 respectively), have each been trimmed over 15 times and are still full 5% positions.

#2 = Letting your winners run. The podcast talked about a position running 100%, which is nice...vs a 1000% run.


Nice problem to have but how do you square these two opposing concepts?

Thanks...Steve

Q: I've been mulling over your answer to Ray's question yesterday about DIR.UN. You are always quite positive about it, but having owned it for a number of years, I have to ask myself why I should bother to continue holding on to it. Its share price is where it was 5 years ago. I've looked back 10 years at its distribution and there's been not one single hike. What advantage do you see in continuing to own DIR.UN?

Q: Please provide an update on GPV. Do you like this one as a small speculative position?

Q: Can you suggest some Canadian and US listed stocks and ETF's one might want consider to get a small exposure to BlockChain in a TFSA. Do any of these companies make any money? Do you think the ETF's are reasonable proxies for BitCoin but with less volatility?