This company's Cash Return on Investment (‘CRI’) key operating metric is used to measure the performance and value of the company's operating businesses and potential acquisitions. By applying CRI principles throughout the organization, Roper can focus investment on areas that will increase shareholder value, drive cash flow growth, and minimize physical assets. Summary The company’s [...]
Summary The company’s total investment return since going public in 1992 grossly exceeds that of the S&P 500. Consistently increases its dividend but is more of a growth stock than an income stock. Unique business strategy enables it to generate free cash flow that is fairly similar to operating cash flow. Business model now allows [...]
Summary Alimentation Couche-Tard released its Q4 and FY2018 results at the close of business July 9th. On March 22nd, I wrote that the pullback in the company’s stock price presented investors with a window in which to acquire shares in the world’s 2nd largest convenience store operator at an attractive valuation. The company is now [...]
A Power of Attorney for Property and a Power of Attorney for Personal Care are critical documents yet so many people never put them in place. This article touches upon their importance and why they should be kept current. I strongly suspect you have heard or read about an individual who is no longer [...]
This publicly listed partnership generates substantial cash returns. The units are currently undervalued but you receive a yield of ~6.65% while you patiently wait for the stock price to more accurately reflect the value of the underlying assets. Summary Making money in equities involves finding well managed companies that are undervalued. As at the end [...]
Summary Making money in equities involves finding well managed companies that are undervalued. As at the end of Q1 2018, this entity had a ‘unitholder equity per unit’ value roughly 1.6xs that of the market price per unit. Sometimes companies can remain undervalued for extended periods, and therefore, an attractive and sustainable dividend yield allows [...]
Three high quality companies recently released earnings and guidance. Despite strong results and favorable earnings projections, investors have bid up the stock price of these companies to levels where there is a disconnect between the underlying fundamentals and the company's valuation. Summary Even investing in high quality companies can result in inferior investment returns. Investing [...]
Summary Even investing in high quality companies can result in inferior investment returns. Investing in a high quality company does not mean invest at any price. Pay particularly close attention to valuation levels. We are in the late stages of one of the longest bull markets in US history. Investors should be cautious when making [...]
