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FFJ Portfolio – November 2017 Dividend Income Report

  November is one of the 4 months of the year in which the FFJ Portfolio generates the least amount of monthly income. In November, CDN $510.44 and USD$778.42 was received. I augmented this income by writing 4 covered calls on J.M. Smucker (NYSE: SJM) which expire July 20, 2018. After taking into consideration the [...]

By |November 30th, 2017|FFJ Portfolio|Comments Off on FFJ Portfolio – November 2017 Dividend Income Report

Hormel Foods Corporation – High Quality, Steady Growth

Summary HRL recently reported its FY2017 results and also announced its 52nd consecutive increase to its annual dividend. Challenges persist in a couple of HRL’s divisions but its diversified portfolio of products and geographic presence mitigates some of the volatility. Growth by acquisition continues with 2 acquisitions completed subsequent to July 2017 and another expected [...]

By |November 22nd, 2017|Equity Investing|Comments Off on Hormel Foods Corporation – High Quality, Steady Growth

J.M. Smucker Stock Analysis – Covered Call Profit Skim

Summary SJM recently reported Q2 results reflecting a marginal deterioration in adjusted gross profit margin and adjusted operating income margin relative to Q2 2017. Adjusted EPS revised downward for the second time subsequent to the release of FY adjusted EPS in June 2017 but FCF forecast remains consistent at $0.775B. SJM has a 4 pronged [...]

By |November 21st, 2017|Equity Investing|Comments Off on J.M. Smucker Stock Analysis – Covered Call Profit Skim

Nike Stock Analysis – Great Long-Term Upside Potential

Summary NKE recently held its Investor Day in which it presented its strategy to improve results. Game changing innovation is expected to contribute to improved margins. Unlike many other companies, NKE is not using a significant amount of debt to financially engineer its stock price and EPS. NKE is suitable for a risk averse investor [...]

By |November 20th, 2017|Equity Investing|Comments Off on Nike Stock Analysis – Great Long-Term Upside Potential

Home Depot – Share Price and Dividends Boosted Through Significant Use of Debt

Summary This Home Depot Stock Analysis is based on Q3 results reported November 14, 2017 which includes increased diluted EPS guidance to $7.36 which is growth of approximately ~14% from fiscal 2016. It is one of a handful of companies with monster share buyback programs. A $15B share buyback program was authorized in early 2017. [...]

By |November 15th, 2017|Equity Investing|Comments Off on Home Depot – Share Price and Dividends Boosted Through Significant Use of Debt

Paychex Stock Analysis – Looking for a Re-Entry Price in the Low $50s

Summary This Paychex stock analysis is based on Q1 2018 result as at August 31, 2017. Paychex is a leading provider of payroll processing, human resources and benefits services. It is expensive at current the current price of ~$64.50. A price in the low $50s or below is more reasonable and is not totally out [...]

By |November 13th, 2017|Equity Investing|Comments Off on Paychex Stock Analysis – Looking for a Re-Entry Price in the Low $50s

Praxair and Air Products Stock Analysis – Buy Both When Fairly Valued

Summary Praxair reported strong Q3 2017 results on October 26, 2017 and provided an update on its proposed merger with Linde. The successful completion of the Praxair Linde merger in the 2nd half of 2018 will make the combined entity the largest player in the industry. Air Products reported strong Q4 and FY2017 results from [...]

By |November 13th, 2017|Equity Investing|Comments Off on Praxair and Air Products Stock Analysis – Buy Both When Fairly Valued

Cintas Corporation Stock Analysis – I’m Interested But Not At Current Price

Summary This Cintas Corporation stock analysis is based on Q1 2018 results released September 26, 2017. Cintas completed the transformative acquisition of one of its largest competitors (G&K Services, Inc.) earlier this year and integration is proceeding as planned. Valuation is stretched with a forward PE of ~27 versus the historical ~20 – 21 level. [...]

By |November 10th, 2017|Equity Investing|Comments Off on Cintas Corporation Stock Analysis – I’m Interested But Not At Current Price

Emerson Electric Stock Analysis – Wait For A Dip To Low/Mid $50s

Summary This Emerson Electric stock analysis is based on Q4 and FY2017 results released November 7, 2017. FY2017 marks the 3rd year of EMR’s multi-year transformation. EMR has continuously increased its annual dividend for ~60 consecutive years. A $0.02 annual dividend increase announced November 7th marks the 3rd consecutive year with a ~1% increase. A [...]

By |November 8th, 2017|Equity Investing|Comments Off on Emerson Electric Stock Analysis – Wait For A Dip To Low/Mid $50s

Church & Dwight Stock Analysis – Attractive After 20% Pullback From July 2017 High

Summary This Church & Dwight analysis is based on Q3 results released Nov 2nd and its September 7th Barclays Back to School Conference presentation. CHD’s ability to be a serial acquirer is the result of its strong free cash flow. It has tripled its free cash flow to ~$0.6B in a span of 10 years. [...]

By |November 7th, 2017|Equity Investing|Comments Off on Church & Dwight Stock Analysis – Attractive After 20% Pullback From July 2017 High
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