Investment Q&A

Q: ZDC reported earnings. What are your thoughts and can you explain strengths and weaknesses? How does the future look? Time to complete a position or hold back?

Q: I’m a senior but still like to maintain a majority weighting to stocks. I am concerned though about market valuations and the strength of the whole economic system. With that in mind would you suggest Berkshire as a good stock for me? can you suggest 5 or 6 other names that have excellent downside protection?

Q: I'm down 25% on a small position so am looking at selling or adding. Do you see any reason to continue holding this stock or would you sell it.

Q: In regard to the question about Hammond Power this might help..... from TD this morning,

National Bank Financial analyst Baltej Sidhu thinks the simplified rules emerging from “significant” changes” by the U.S. government to Section 232 tariffs on steel, aluminum and copper will provide a notable “structural tailwind” for Hammond Power Solutions Inc. (HPS.A-T).

Shares of the Guelph, Ont.-based company jumped 15.3 per cent on Monday after the Trump administration announced updated guidance on those tariffs, clarifying how rates apply to imports.

“The updated framework introduces a tiered structure, with 50-per-cent tariffs on primary metals, 25 per cent on derivative products, and a reduced 15-per-cent rate on select metal-intensive industrial and grid equipment,” he explained. “Overall, the tariff calculations are simpler and transparent, and could be viewed as the administration working with the industry, in acknowledging supply constraints and the need to support ongoing U.S. industrial and grid buildout.

“While the 15-per-cent grid equipment category appears to capture HPS’ suite, we believe its transformer products are likely to fall under the 25-per-cent derivative category, based on product codes listed in the annex. That said, we view the revised framework as more transparent and consistent, replacing metal-content-based calculations with a clearer rules-based approach, which should improve confidence and create a more level playing field.”

While acknowledging the overall financial impact “remains under evaluation given the complexity of HPS’s input mix and broad SKU base,” Mr. Sidhu thinks the revised framework could “prove incrementally less punitive” for Hammond.

“Under the revised tariff regime, the effective burden may be more manageable relative to the prior structure,” he said. “There are puts and takes as the savings may flow through to the customer in maintaining relationships. Stepping back, the policy shift reinforces an already tightening supply backdrop for transformer equipment while supporting continued investment in grid infrastructure, leaving us optimistic that HPS can recover costs and sustain pricing.”

Maintaining his “outperform” rating for the company’s shares, the analyst raised his Street-high target to $235 from $220. The average is currently $161.

“While we have more clarity, we are comfortable with our current estimates, and believe the reaction in the shares reflect margin expansion of 100-150bps vs. our modelling of 120bps. Owing to the continued structural drivers, and increased confidence, we increase our target,” he explained.

Q: BKSY has been on a run. Perhaps somewhat due to the excitement around the Artemis mission? Would you recommend taking profits at this point and reentering when the hype dies down or ride the rocket to the moon?

Q: Hi - Wondering if you could elaborate a bit on the Anthropic release of Mythos AI and its connection to Crowdstrike? What kind of impact do you think this could have on the CRWD's share price? Thank you!

Q: Do see this as decent risk/reward for a patient investor?
Thanks

Q: Would selling CNR for a capital loss and replacing it with CP be acceptable by CRA?

Q: Stock has been very weak- any idea what is behind it - i thought latest results were decent

Q: Intuitive Machines Inc NASDAQ: LUNR

What do they do?

Buy or not?

Thank you.

Q: Hello,
Can I get your analysis of StandardAero Inc. (SARO) for a long-term (5-10yr) buy.
Thank-you.

Q: I'd be interested to hear your opinion on this comment:

Analyst Vince Valentini is no longer recommending buying shares of the Montreal-based communications services company. He cites concerns about the price war in the Canadian wireless sector, which has also led him to discontinue his recommendations for shares of competitors Rogers and Telus. The expected weak growth in the wireless market and the intensity of competition have prompted the TD expert to lower his expectations for the industry's major players. He noted "very aggressive" offers to attract customers, particularly at the end of March, and observes a race to the bottom with no winners. "This pricing doesn't stimulate better subscriber growth across the sector; on the contrary, it leads to an increase in churn."
Thank you

Q: What would a computer hacker attack on Pollard look like and what would be the extent of their liability be given the stakes involved in lottery tickets? Or is their liability limited to the printing of tickets only?
CEO stated in the AR that 2025 was a transformative year and turned a net loss to profit though the stock price is still sinking, will 2026 see improvement?

Q: Hi 5i

Good article recently in G&M about BHP Jansen project in Sask. It looks like they could be producing by 2027. Then I went down the rabbit hole about the MLP Banio project, my guess is it may produce by 2031. So my questions: When might be the optimum time to invest in MLP? Would you anticipate a series of share issuances for funding?
And NTR seems to have some seasonality where it does well Feb-May and then pulls back. I remember the big run up in 2022 and I sold about 1/3 of my shares. I'm getting tempted to take my profit before investors start to worry about Jansen again. Thanks, Greg

Q: Hello, I have had these 3 companies in my portfolio for a few years and have seen a steady decline recently (esp CSU). I know you still rate them A or B but wondering your thoughts on holding on or selling....I am in for the long haul but would like to see better results . Since inception I'm down 34% GLXY, 23% BYD, 45% CSU. thx for your feedback.

Q: In your answer to Neil on April 2 you said Galaxy is becoming the “ Goldman Sachs “ of the crypto industry. Would you expound on this.
Thanks. Derek.

Q: I received an email from Paul Colbourne with regards to surge having 6 of the top 10 producing medium heavy oil wells in Canada and 14 year plus inventory in the Sparky.Your thoughts on this please and Surge in general please? Lots of insider selling of late doesn't look great.

Q: I looked up prior inquiries on Kimbell Royalty Partners (KRP) and in your answeres you immediately pointed out that it is a limited partnerrship and therefore has onerous taxation for Canadian investors. I have done some reading on KRP and it appears that KRP has elected to pay corporate taxes and therefore it is NOT considered a MLP, but it is a LP. I know that you 5i guys are not tax experts but could you do a second search on your bloomberg terminal, or other resources that you have, to confirm how a Canadian investor would be taxed if they owned KRP. Other than the tax question what do you think of KRP? The dividend yield is close to 11 per cent, leverage is not that high, and with the increase in oil and gas prices the variable dividend could get a boost (at least while the commodity prices are elevated) and therefore it is of interest to me.

Q: Hello, the question is for listings only on the TSX

1: For a TFSA what would be your top 5 stocks to buy in order right now.

2: For a TFSA what would be your top 2 ETFs for growth and top 2 ETFs for dividends.

3: For a RRSP what would be your top 2 ETFs for growth and top 2 ETFs for dividends.

Thank you

Q: Can you rank these top ten "losers" in terms of the most recommended to dollar cost average from 1 being the best opportunity to DCA to 10 being the least recommended to, thanks.