Investment Q&A

Q: Ignoring factors at the portfolio level, would you be buyers of any of these at current prices and taking into account your macro outlook.

Q: Market seemed to like the great Q2 results for Stella Jones. The press release mentioned the 2023-2025 financial objects from the inaugural Investor Day in May and I noticed the plan included a >$500M cumulative return to shareholders. The current $0.92 dividend payout is roughly $54M/yr which is well short of the goal objective. Any insight into dividend raises or special dividends.

Q: Your thoughts please on the quarters of these ?

Thx

Q: In 2015 your growth portfolio was down 4.8% and your income portfolio was down 5.5% as a result I would have expected your balanced portfolio to have declined yet it was up 9.5%
Could you explain that outperformance?

Q: This question concerns the materials sector in a well-diversified Canadian portfolio (~30 holdings), focused slightly toward growth. Our target is for a 5% weight in this sector.

Currently the sector is underweight at a 2.5% allocation with NTR being the only holding. We are open to either doubling up on NTR or adding an equal amount of SJ. Which would be your preference and why?

For each of NTR and SJ Please rate (1-10) in terms of your conviction to buy today, along with suggested target buy range [great, okay].

Q: SJ has run up a lot recently. What are the reasons? Do you think it’s a sale?

Thanks,

Q: Hi,
I need to sell all the stocks in my non-registered account to access the cash in the next 2-5 years. I will be selling many of the stocks listed, in the next few weeks. Can you list them in SELL order with a few comments on the rationale.
Also, please list the top 10 Canadian stocks (from this list or others) for longterm holding, since I will buy some of them back in one of my registered accounts (RRSP, TFSA), likely over the next 2 years.
Thank you,
Camille

Q: I have room to add one materials stock to my portfolio. Which of the following or others would you prefer? Nutrien around $80; Stella Jones around $60 lately or CCL.B around $68?

Q: You seem to be more constructive on SJ in your latest report. Would SJ be an indirect way to play the EV market with the increase in demand for electricity and thus utility poles?

Thx

Q: SJ reported this morning. Numbers looked good but in constant comparison, not quite as impressive but still up. What do you think? How should market react.

Q: I have no exposure to Materials or Utilities right now in our RRSP. All other sectors are well represented. What stocks would be your preferred in Canada and/or the US in those sectors? Thinking of NTR or SJ maybe in Canada and perhaps LIN in the US. Maybe FTS or BIP for utilities.Thoughts?

Q: Your thoughts on their quarter and would you initiate a position and at what %?


Thx

Q: Your last company report on Stella Jones was June 2021. Do you have an update in the works and what is your current perception and recommendation of the stock? Q3 results looked positive and holding steady. Would this be a good opportunity at this time to enter this stock or should I be looking elsewhere? Thanks

Q: hi. can you rate these as a buy, sell or hold please. long term investor.
cheers, Chris

Q: I will be selling SJ and wondered what would be the best stock to replace this one with? This will be for a non-registered account.

Thanks

Q: Could you comment on the earnings, please?

Q: Which would you prefer for a shorter time frame of 2-3 years and why?

Q: Hi Ryan, really enjoyed your presentation at the CFS this past weekend.

Using your 5 criteria: momentum, revenue growth, roe, shareholder friendly, and value-momentum; what 5 Canadian stocks would you suggest?

If possible, companies that would survive this current market stresses.

Thx

Q: can you comment on earnings and guidance. Wondering if you listened to the call?

Q: Hi, do you see Stella Jones as a possible takeover target for a private equity company like BAM or KKR? Please provide a brief description for and against a takeover. Also, can you rate the probability of a takeover out of 10 whereby 10 is very likely and 0 very unlikely. Many thanks as always for this great service that you provide.