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Investment Q&A

Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.

Q: Hi

BN is 3.6% of our portfolio.

Financials are 19% of or portfolio and our Real Estate is at .50%.

Thinking of selling half of our BN and buying CIGI to reduce our financials and increase our Real Estate.

Does this make sense?

Thank you

Mike

Read Answer Asked by Mike on February 10, 2023

Q: HI,
sorry for the long list. could you just rate these as a buy, sell, or hold right now. I am a long term investor.

Read Answer Asked by chris on January 04, 2023

Q: I have REAL in both my TSFA and non-registered accounts. I would like to get rid of it from my non-registered account. Could you suggest a replacement (I do not plan to repurchase it? Do you suggest selling it from the TFSA or waiting for it to turn around a bit?

Read Answer Asked by Mary on December 12, 2022

Q: Hi 5i,

I am calculating a fcf yield for go easy,
and Trisura as being 18% and 23.5% respectively ($20/$111 and $7.38/31.36). Both these companies are compounders with more revenue and earnings quarterly. How are they not table pounding buys here? Can you please provide your thoughts and comments.

Read Answer Asked by James on September 23, 2022

Q: Hi 5i,
I would like an update on which horse you might bet on between these three.
Please rank #1 as the horse that is likely to be the marathon race winner. Can you please also give a higher preference to the horse that has the best balance sheet and stability in this challenging economic environment. High level reasons would also be greatly appreciated so I can understand your thought process. thanks

Read Answer Asked by Ian on May 18, 2022

Q: Hi 5i,

The CEO of CIGI recently purchased $17M dollars worth of stock. Is this significant relative to his holdings? Would you consider this a very strong vote of confidence for this stock by the CEO? What do you think an attractive purchase price would be for the stock assuming you think it is a good long term investment? thanks

Read Answer Asked by Ian on May 18, 2022

Q: Hello Team,

Given your past responses it does not seem like you are fans of Colliers or at least would allocate capital to other names first (and donít like the amount of debt they carry).

I donít understand this and look at the company as a smaller, younger BAM for the following reasons:

- Their IM is growing by over 50% yoy.
- revenue has compounded over the last decade while ebitda margins have improved from 9.3% to 14%.
- their acquisitions of Harrison st, basalt, antirion have diversified their offering to be more infrastructure than only RE.
- they have already proven to successfully expanded into engineering serivcies.
- Their goal is to have over 65% reoccurring revenue by 2025
- Jay Hennick has proven track record with the stock providing compounded annually return of +20% for 20 years.


I could go on and on but given the tailwinds for alternative asset managers (similar to BAM) and proven track record. I donít understand how this isnít in your core stable of beloved Canadian names with the likes of BAM, CSU, TOI, ECN, ATD, GSY, etc.

I would love to hear your expanded feedback on the name


Read Answer Asked by James on March 25, 2022

Q: Hi 5i
REAL reported today and stock continues to slide...How were the earnings and what do you think this companys future looks like going forward?

At a -60% loss would you continue to hold or sell and move on?

If sell what would suggest for replacement in similar space with better expected upside.

Thx
Jim

Read Answer Asked by jim on November 17, 2021