Investment Q&A

Q: Is it too late to sell TFII? It continues to fall and I wonder what will reverse its fotune. I presume if tariffs land softer than assumed right now or when TFII reports in April. Would you hold and wait until say the next April report and reassess based on what management says at that point?

Q: I've held Canadian National Railway (CNR) for over eight years, achieving a modest return of about 8% per annum, which has lagged the broader Canadian market. As a retired investor seeking both income and growth, I’m considering swapping my entire CNR position for TFI International (TFII). CNR has provided stability and a reliable dividend—currently around 2.3%—but its growth has been underwhelming, and it trades at a relatively high valuation, around 19-20 times forward earnings. In contrast, TFII appears undervalued, trading at roughly 15-16 times forward earnings, with a stronger historical growth trajectory, driven by its trucking and logistics operations and savvy acquisitions. However, its dividend yield is lower, at about 1%, and it’s more cyclical than CNR’s rail business. Given my goals and the small capital gain I’d realize in my taxable account from selling CNR, does it make sense to trade all of my CNR for TFII? How do their risk profiles, income potential, and long-term growth prospects compare for someone in my position?

Q: What 5 stocks either USA or Canadian would you feel could be good shorts prospects if we get a full blown Tariff war

Q: I have small positions in both TFII and AND (about 2% each) and looking to add to them (long-term positions so not worried about near-term uncertainty, I'm sure they'll both be fine over the long-term).

I'm thinking TFII is the safer bet (cheaper, larger, much longer-term track record) but AND's smaller size and less-levered balance sheet might allow it to make more meaningful acquisitions for higher growth.

What are your thoughts, which would you favour more for a young long-term investor?

Q: Favorite 5 names to add to a TFSA for long term appreciation with the recent sell off. Agnostic of sector and can stomach high degree of volatility

Q: I am looking to add to my TFSA for a long term hold.
Realising different sectors but considering their current valuations, please rank these companies for a buy.

Q: Would you have a proxy for HPS.A, TFII, BN, NTR, ILMN or just wait out the 30 days?

Thanks for your service!

Q: I need to raise some money and own these stocks in an investment account, VGG is about 50% of the account.
I would like to sell 1 or 2. In your opinion which 1 or 2 should I sell?

Q: Hi there - between these two beaten up stocks, which would you be more bullish on? And if there is another stock that's not these two that you'd be even more bullish on, which would that be? Thank you!

Q: These companies have pulled back. what order would you buy these names? Is there any you would not buy?

Thank you
Tim

Q: Hey 5i,
Has TFII found a bottom after their latest earnings report and subsequent reversal of their relocation of head office or will an announcement on tariffs cause a further drop? Are they still considered investable over the next 5 years? Would you buy this dip in share price?
Would you consider NBIS a buy at their current price? Where would you place them on the risk scale (10 being highest) over the next 5 years?
Always appreciate your advice.
Dan

Q: In response to one of the previous questions you indicated that with 70% of of its business in the US tariffs will not affect its business much. The stock has had one of its largest price drawdowns and as we know much of this is due to the very poor Q which in its history is also rare. Do you think that this dramatic price reaction is over done as investors believe the tariffs will have a much greater impact then reality. If you didn't own the shares could a case be made to buy? If not what price or circumstances would move it to a buy?

Q: I have decided to orientate my portfolio more towards the US, while keeping approximately 30% Canadian. I am also looking at India for my first international investment. Most of these stocks are asset light and large cap.
In the US the sectors are non bank financials, tech, and industrials. In Canada I have chosen large caps with significant non Canada revenue.
My dividend income would decrease but I can handle that. This would be an equal weight portfolio.

What do you think of this approach and of the individual stocks?
Should I just buy an SPY 500 etf for the US ?
Is FFH appropriate for India or is there an ETF you would recommend ?
Thanks .Derek

Q: TFII has dropped big time over the past few days since earnings came out. Was part of the drop related to their initial announcement to relocate headquarters to the US? Late yesterday, TFII said the move was off. Do you think the drop will stop and maybe reverse itself with this news? I didn't understand the rationale in their initial announcement as anything I read said they would probably benefit by getting increased freight flows as a result of tariffs and what Trump is doing to the States.

Q: Today, TFII announced that as a result of feedback from shareholders (including a Montreal based pension fund), it will remain a Canadian corporation and not pursue its intention to re-domicile to the US. This makes me uncomfortable with management. How was this not considered before the announcement. Is this reversal best for all shareholders or due to pressures to stay in Montreal? Does this now create additional challenges with tariffs that may have led to the earlier decision to move? Given this misstep and continued risks with tariffs and poor cost management with its recent US acquisition make this a sell rather than hold?

Q: Your comments please regarding the two law firms initiating class action suits against TFII. Is this just the ambulance chasers again swinging into action due to the severe price drop?

Q: A two part question having to do with the sharp drop in TFII but more about the reliability of 5i data and institutional trading.

Firstly 5i shows institutional holdings at 1.02% while several other site show it at over 70%, that's quite a discrepancy.

Secondly when one sees heavy volume trading it is assumed that it is the institutions moving the stock. With a sharp drop it is assumed that they are selling. My question would be who are they selling to?

Q: Please rank these stock for risk relative to US Tariffs from High to Low.....yes, wonder how defensive these CDN stocks are......Many thanks.....Tom

Q: Tapping into your experience and expertise. TFII is down $31 at this moment. Over the next week or so, how low do you think it might go? And then over the next few months, what type of movement might it have? I'm sure it will recover some. So what price is good to buy a few shares? I realize there are many factors at work but if you were looking at TFII for yourself, what would you do?

Q: Good morning Peter & team:
What’s a good entry point for Tfii given its 15% drop today. Is this a temporary blip ? Would u wait for another qtr. and decide, or enter the mkt. now. What impact would tariff on this stock in the next 2-3 yrs. Thank you