Investment Q&A

• Shopify Inc. Class A Subordinate Voting Shares (SHOP $190.29)
  • $190.29 P/E (TTM): 80.63X Cap: $250.85B
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• Lightspeed Commerce Inc. Subordinate Voting Shares (LSPD $15.92)
  • $15.92 Cap: $2.30B
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Q: In a recent response, you ranked from your Growth Portfolio: KXS, NVEI, TCS, CTS, DND, TIXT, STC. Where would LSPD and SHOP fit in this ranking? What are your current expectations for LSPD and SHOP and would you buy them here?

Upvote 1

Read Answer Asked by David on February 14, 2023

• Meta Platforms Inc. (META $743.11)
  • $743.11 P/E (TTM): 27.84X Cap: $1.88T
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• Alphabet Inc. (GOOG $200.27)
  • $200.27 P/E (TTM): 21.78X Cap: $2.44T
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• The Walt Disney Company (DIS $116.71)
  • $116.71 P/E (TTM): 23.79X Cap: $209.04B
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• T-Mobile US Inc. (TMUS $260.24)
  • $260.24 P/E (TTM): 24.1X Cap: $290.60B
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Q: What names in US$ are you recommending in the communications sector. Thanks.

Upvote 0

Read Answer Asked by Gerry on February 14, 2023

• Toronto-Dominion Bank (The) (TD $102.12)
  • $102.12 P/E (TTM): 10.45X Cap: $175.15B
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Q: Which of these banks would you suggest and briefly why for an RRSP with a 10 year hold or is there another one you prefer

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Read Answer Asked by Del on February 14, 2023

• Gold Resource Corporation (GORO $0.46)
  • $0.46 Cap: $61M
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Q: What are your thoughts on GORO in light of today’s weakness? Do you see it recovering given enough time? How would you rate it as a silver play? Thanks.

Upvote 1

Read Answer Asked by Brian on February 14, 2023

• Sangoma Technologies Corporation (STC $7.93)
  • $7.93 Cap: $263M
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• Kinaxis Inc. (KXS $194.50)
  • $194.50 P/E (TTM): 167.66X Cap: $5.61B
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• TECSYS Inc. (TCS $36.76)
  • $36.76 P/E (TTM): 205.28X Cap: $552M
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• Converge Technology Solutions Corp. (CTS $5.99)
  • $5.99 Cap: $1.12B
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• Dye & Durham Limited (DND $10.22)
  • $10.22 Cap: $679M
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• Nuvei Corporation Subordinate Voting Shares (NVEI $47.61)
  • $47.61 Cap: $6.75B
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• TELUS International (Cda) Inc. Subordinate Voting Shares (TIXT $5.21)
  • $5.21 Cap: $1.45B
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Q: Please rank the above technical sectorequities that are in your Growth Portfolio for best expected performance for the next five years. Please provide comments on the top three to support your ranking.

Upvote 1

Read Answer Asked by David on February 14, 2023

• Nano One Materials Corp. (NANO $0.97)
  • $0.97 Cap: $109M
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Q: Nano just received a grant from Sustainable Development Canada. How long will this finance Nano operations for? Is this a credible endorsement of Nano from Development Canada or simply spending their allotted budget?

Upvote 0

Read Answer Asked by Alan on February 14, 2023

• Meta Platforms Inc. (META $743.11)
  • $743.11 P/E (TTM): 27.84X Cap: $1.88T
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• BRP Inc. Subordinate Voting Shares (DOO $78.87)
  • $78.87 Cap: $5.87B
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• Kinaxis Inc. (KXS $194.50)
  • $194.50 P/E (TTM): 167.66X Cap: $5.61B
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• Aritzia Inc. Subordinate Voting Shares (ATZ $74.13)
  • $74.13 P/E (TTM): 38.74X Cap: $8.65B
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• ECN Capital Corp. (ECN $2.75)
  • $2.75 P/E (TTM): 100.55X Cap: $774M
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• Converge Technology Solutions Corp. (CTS $5.99)
  • $5.99 Cap: $1.12B
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• Nuvei Corporation Subordinate Voting Shares (NVEI $47.61)
  • $47.61 Cap: $6.75B
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Q: Looking at adding to the 1% or less 'toe in the water' holdings that are part of larger diversified portfolio . Anything here that you wouldn't add to or would delay adding to ? Or, any that you would sell ?
ATZ, CTS, DOO, ECN, KXS, NVEI, META
Thank you , as always.

Upvote 0

Read Answer Asked by Alexandra on February 14, 2023

• MSCI Inc. (MSCI $571.09)
  • $571.09 P/E (TTM): 36.82X Cap: $43.95B
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Q: What is your analysis on MSCI

Upvote 1

Read Answer Asked by Nick on February 14, 2023

• Brookfield Asset Management Inc Class A Limited (BAM $59.11)
  • $59.11 P/E (TTM): 41.76X Cap: $96.80B
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• Brookfield Corporation Class A Limited (BN $63.73)
  • $63.73 P/E (TTM): 232.96X Cap: $96.43B
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Q: It seems that the BAM stock had a split on Dec 12 2022.

4 old BAM shares gave rise 1 BN share & 4 new BAM shares.

On Dec 9 ( a Friday), the Value of old BAM was us$43.15

On Dec 12 (the next Monday), BN was valued at US$33.64 and new BAM was valued at US$32.40.

So the 4 shares valued at us$172.60 before the split were worth US$163.24 after the split.

FYI, I am using avg prices as reported on Google Finance. It seems like a 5% drop on Day 1.

Questions:

1. Is my calculation correct?
2. are the prices of BAM and BN on Dec 12 2022 dependent on the Dec price on Dec 9 2022 or determined well in advance?

Thanks

Upvote 0

Read Answer Asked by V on February 14, 2023

• VICI Properties Inc. (VICI $32.93)
  • $32.93 P/E (TTM): 12.34X Cap: $34.62B
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• The Vivaldi Opportunities Fund (VAM $11.04)
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• Brookfield Corporation Class A Limited Voting Shares (BN $88.39)
  • $88.39 P/E (TTM): 232.96X Cap: $133.74B
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Q: I want to invest US$5000 in either BN, BAM or VICI for some growth and decent dividend. Growth is more important. Which would you prefer today with a 2 year outlook

Upvote 0

Read Answer Asked by V on February 14, 2023

• Chevron Corporation (CVX $152.82)
  • $152.82 P/E (TTM): 17.75X Cap: $262.65B
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• Devon Energy Corporation (DVN $33.88)
  • $33.88 P/E (TTM): 7.64X Cap: $21.31B
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• Hess Corporation (HES)
  • P/E (TTM): 20.66X Cap: $46.07B
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• Exxon Mobil Corporation (XOM $108.96)
  • $108.96 P/E (TTM): 14.15X Cap: $457.95B
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• The Energy Select Sector SPDR Fund (XLE $85.84)
  • $85.84 P/E (TTM): 57.77X Cap: $26.10B
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Q: I am thinking of starting a position in an energy company. names that have my attention are Devon with its high dividend. Exxon I mentioned on CNBC a lot. An ETF ? Can you make some suggestions. I am Canadian and realize US dividends are taxed at 15 %.

Upvote 0

Read Answer Asked by Daniel on February 14, 2023

• TD Q U.S. Small-Mid-Cap Equity ETF (TQSM $25.09)
  • $25.09 P/E (TTM): 15.49X Cap: $495M
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Q: I am trying to insure broad diversity across our investments and we seem to be missing the small to medium cap categories. Would you consider this to be a good way to cover this area?

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Read Answer Asked by Tom on February 14, 2023

• Parkland Corporation (PKI $38.23)
  • $38.23 P/E (TTM): 22.85X Cap: $6.67B
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Q: I hold PKI with a 30% loss in my TFSA. Should I hold or sell to invest in something more promising (it would have no significant influence on overall diversification)?

Upvote 0

Read Answer Asked by jacques on February 14, 2023

• iShares 20+ Year Treasury Bond ETF (TLT $86.76)
  • $86.76 Cap: $48.08B
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• BMO Long-Term US Treasury Bond Index (Hedged Units) (ZTL.F)
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Q: what % weighting would you feel appropriate for TLT in my balanced Portfolio. If rates start to fall hard in the next 2 years and TLT starts going up. What will happen to the dollar.
Will the U.S. dollar rise in comparison to the CDN dollar or Fall ?
I'm wondering if i should buy the hedged ETF ZTL.F instead of TLT
Thanks Gord

Upvote 0

Read Answer Asked by Gordon on February 14, 2023

• CI Energy Giants Covered Call ETF (NXF $5.42)
  • $5.42 P/E (TTM): 19.16X Cap: $121M
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• CI Energy Giants Covered Call ETF (NXF.B $7.21)
  • $7.21 P/E (TTM): 19.16X Cap: $38M
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Q: These two ETF's appear to have the same holdings, but NXF.B seems to have better results. Would you recommend one over the other for income purposes?

Upvote 0

Read Answer Asked by James on February 14, 2023

• Amgen Inc. (AMGN $296.85)
  • $296.85 P/E (TTM): 26.67X Cap: $159.11B
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• AbbVie Inc. (ABBV $208.61)
  • $208.61 P/E (TTM): 88.28X Cap: $364.24B
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• UnitedHealth Group Incorporated (DE) (UNH $297.65)
  • $297.65 P/E (TTM): 12.91X Cap: $275.54B
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Q: hello 5i:
In the health care sector, we own ABBV, MRK and WELL. I'm not impressed with the future growth profile for ABBV. Would a change to either AMGN or UNH make sense here? Why or why not?
thanks
Paul L

Upvote 0

Read Answer Asked by Paul on February 14, 2023

• Fortis Inc. (FTS $70.77)
  • $70.77 P/E (TTM): 20.54X Cap: $35.08B
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• Emera Incorporated (EMA $66.71)
  • $66.71 P/E (TTM): 22.35X Cap: $19.76B
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• Hydro One Limited (H $51.21)
  • $51.21 P/E (TTM): 24.35X Cap: $30.34B
  • View H Profile
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Q: Hi,

Which of the three do you feel have the best opportunity for growth?
Does Muskrat Falls play into this as it comes on stream?

Appreciate your thoughts on this.

Regards,
GM

Upvote 0

Read Answer Asked by Gary on February 14, 2023

• Digital Turbine Inc. (APPS $3.84)
  • $3.84 Cap: $429M
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Q: I have 100 shares at $61. Would you average down on Apps at current price? The low was $10.65, do you think it would go back down to that price or even lower? Your insight is appreciated.

Upvote 0

Read Answer Asked by Hue on February 14, 2023

• Verizon Communications Inc. (VZ $45.12)
  • $45.12 P/E (TTM): 10.35X Cap: $189.48B
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• BCE Inc. (BCE $35.75)
  • $35.75 P/E (TTM): 76.7X Cap: $33.04B
  • View BCE Profile
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• Rogers Communications Inc. Class B Non-voting Shares (RCI.B $49.18)
  • $49.18 P/E (TTM): 18.3X Cap: $26.37B
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• TELUS Corporation (T $23.02)
  • $23.02 P/E (TTM): 35.53X Cap: $35.05B
  • View T Profile
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• T-Mobile US Inc. (TMUS $260.24)
  • $260.24 P/E (TTM): 24.1X Cap: $290.60B
  • View TMUS Profile
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Q: I have BCE and T for Canada. VZ for USA. What additional telecom stock(s) would you recommend to round off this sector?
Thank you,
Roger

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Read Answer Asked by Roger on February 14, 2023

• Ares Capital Corporation (ARCC $22.25)
  • $22.25 P/E (TTM): 10.93X Cap: $15.79B
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Q: Hello,

I am interested in having a small position of ARCC in my RSP. I am not sure if this will be qualified and is covered under the tax treaty.

Wondering if you know if there would be a withholding tax within my RSP with this fund?

Thank you!

Upvote 0

Read Answer Asked by George on February 14, 2023