Home » Archives for October 2017

Chevron Stock Analysis – I Don’t Expect A Dividend Increase Until 2019

Summary On October 27th Chevron reported Q3 earnings of $2B versus $1.3B in Q3 2016. Results included a $0.675B gain on an asset sale and a $0.22B asset write-off. Q3 sales and other operating revenues were $34B compared to $29B in Q3 2016. In FY2016, CVX indicated its intent to sell $5B - $10B of [...]

By |October 30th, 2017|Equity Investing|Comments Off on Chevron Stock Analysis – I Don’t Expect A Dividend Increase Until 2019

Exxon Mobil Stock Analysis – Fully Valued So Buy In Tranches

Summary On October 27th Exxon Mobil reported estimated Q3 results of $4B ($0.93/diluted share) versus $2.7B a year earlier. YTD cash flow from normal business operations plus $1.7B of asset sales has enabled XOM to support its distributions and funds investments. Investors are wise to hold some oil & gas stocks in their portfolio despite [...]

By |October 30th, 2017|Equity Investing|Comments Off on Exxon Mobil Stock Analysis – Fully Valued So Buy In Tranches

VISA Stock Analysis – Every Investor Deserves The Occasional Home Run

Summary On October 25th Visa reported strong Q4 and 2017 earnings. Growth was experienced in payments volume, cross-border volume, and processed transactions. V reported a broad list of accomplishments and initiatives in process including the integration of the European operations which is proceeding ahead of plan. While V increased the quarterly dividend ~18% to $0.195/share/quarterly, [...]

By |October 30th, 2017|Equity Investing|Comments Off on VISA Stock Analysis – Every Investor Deserves The Occasional Home Run

Canadian National Railway Q3 2017 Stock Analysis – A Slightly Overvalued Core Holding in the FFJ Portfolio

Summary Q3 2017 results reported on October 24, 2017 with quarterly net profit down 1% to $0.958B but increased demand evidenced. Investment in rail infrastructure is being increased by $0.1B to $2.7B and hiring is expected to increase by ~600 people so as to handle volume growth. Reaffirmed adjusted diluted EPS of $4.95 - C$5.10 [...]

By |October 27th, 2017|Equity Investing|Comments Off on Canadian National Railway Q3 2017 Stock Analysis – A Slightly Overvalued Core Holding in the FFJ Portfolio

General Electric – Selling Shares as Part of My RRSP Meltdown Strategy

Summary GE released Q3 result on October 20th which fell far short of expectations. The new Chairman and CEO and his senior leadership team are undertaking a rigorous analysis of all areas of the business in order to make major an urgent changes. GE’s new cash flow from operating activities projection is $7B, a steep [...]

By |October 23rd, 2017|Equity Investing|Comments Off on General Electric – Selling Shares as Part of My RRSP Meltdown Strategy

The RRSP Retirement Account Meltdown Strategy

This post appeared as a guest post at Sure Dividend on October 7th, 2017. Recently I discussed my wife’s and my journey to financial freedom. I explained that we had diligently saved and invested in an effort to step away from the “rat race” earlier than most people. In my recent Brookfield Asset Management – [...]

By |October 21st, 2017|General Investing|Comments Off on The RRSP Retirement Account Meltdown Strategy

Genuine Parts Company Stock Analysis – View the Pullback as a Buying Opportunity

Summary GPC released Q3 results below expectations on October 19 which has resulted in a ~8.5% drop in stock price. Two additional bolt-on acquisitions were announced October 19 with closings to occur November 1. No definitive closing date has been revealed regarding the acquisition of Europe's Alliance Automotive Group. GPC, established 1928, has previously successfully [...]

By |October 20th, 2017|Equity Investing|Comments Off on Genuine Parts Company Stock Analysis – View the Pullback as a Buying Opportunity

Canadian Pacific Railway Stock Analysis – More Upside Potential

Summary Canadian Pacific released its Q3 results on October 17. Despite the ~5% stock price increase subsequent to the earnings announcement, CP remains an attractive long-term investment. Adjusted diluted EPS grew 6% to $2.90. CP has revised adjusted diluted EPS upwards to double-digit growth versus high single-digit growth from full year 2016 adjusted diluted EPS [...]

By |October 19th, 2017|Equity Investing|Comments Off on Canadian Pacific Railway Stock Analysis – More Upside Potential

Constellation Brands Stock Analysis – I Like the Company But Not the Valuation

Summary This Constellation Brands Stock Analysis is based on Q2 2018 results released October 5, 2017. Constellation Brands has certainly rewarded long-time shareholders. As an investor who currently has no position in the company I view the current valuation to be too rich to initiate a position. The company released its Q2 2018 results at [...]

By |October 16th, 2017|Equity Investing|Comments Off on Constellation Brands Stock Analysis – I Like the Company But Not the Valuation

I Applaud J.P. Morgan Analyst For Downgrading 3M

Summary JP Morgan’s analyst downgraded 3M to “Sell’ In September 2017. Some investors voiced their displeasure on blogs and message boards. In a January 2017 post I indicated I thought MMM was expensive. The price has just ratcheted up subsequent to that post. I am cautiously optimistic JP Morgan’s analyst’s call will be correct and [...]