Home/2018/November

The J.M. Smucker Company – Patience and Options

The J.M. Smucker Company (SJM) released its Q2 2019 results before the market opened on November 28, 2018. EPS guidance was lowered and shares dropped in value by $7.90/share (~7.24%) by market close. I recognize SJM is a company undergoing a transformation and in exchange for my patience while it undergoes this transformation I want [...]

By |November 28th, 2018|General Investing|Comments Off on The J.M. Smucker Company – Patience and Options

Scotiabank – Beaten Down is Good

Scotiabank (BNS) released its Q4 and FY2018 results on November 27, 2018. BNS has underperformed its Big 5 counterparts over various timeframes and shares are currently off ~21% from the 52 week high. Rather than view this as a negative I encourage investors to view this as a positive. The time to invest in great [...]

By |November 27th, 2018|General Investing|Comments Off on Scotiabank – Beaten Down is Good

Options – SOLD December 21 2018 Covered Calls on ADP, HSY, and CVX

I periodically employ a conservative 'out of the money covered call' option strategy when I think I can generate some option premium income and I have a strong probability of retaining the underlying security. On November 15th I wrote an article in which I indicated I had written the following covered calls: The J.M. Smucker [...]

By |November 23rd, 2018|General Investing|Comments Off on Options – SOLD December 21 2018 Covered Calls on ADP, HSY, and CVX

Avoid Highly Aggressive Investment Strategies

Highly aggressive investment strategies are wonderful....when/if they work. Here is an example of a hedge fund which destroyed its clients' investments. I share this YouTube video message from a hedge fund manager to demonstrate how highly aggressive investment strategies can be detrimental to enhancing long-term shareholder wealth creation.   As a relatively conservative investor I [...]

By |November 22nd, 2018|General Investing|Comments Off on Avoid Highly Aggressive Investment Strategies

Hormel Foods – Valuation Now Unreasonable

In 2017 articles and early 2018 articles I indicated I was of the opinion Hormel's (HRL) shares were undervalued. In my August 28, 2018 article I indicated I viewed them as fairly valued. On November 20th, HRL released its Q4 and FY2018 results and FY2019 projections. I now view HRL shares as overvalued. Summary HRL [...]

By |November 20th, 2018|General Investing|Comments Off on Hormel Foods – Valuation Now Unreasonable

Goldman Sachs – Buy When Great Companies Are Beaten Up

Goldman Sachs' (GS) share price has taken a severe pounding subsequent to the revelation of the Malaysia 1MDB corruption scandal. I strongly suspect GS's stock price will experience some volatility in the short-term but the shares appear to be attractively valued to the extent where I am prepared to initiate a position for the FFJ [...]

By |November 18th, 2018|General Investing|Comments Off on Goldman Sachs – Buy When Great Companies Are Beaten Up

Options – SOLD December 21 2018 Covered Calls on SJM, V, and BDX

I periodically employ a conservative 'out of the money covered call' option strategy when I think I can generate some option premium income and I have a strong probability of retaining the underlying security. On occasion I will employ a conservative ‘out of the money covered call’ option strategy if I think I can generate [...]

By |November 15th, 2018|General Investing|Comments Off on Options – SOLD December 21 2018 Covered Calls on SJM, V, and BDX

BCE, Rogers, and Telus – Different Dividend Policies for Different Investor Preferences

BCE, Rogers, and Telus are Canada's 3 largest publicly traded telecommunications companies. All three are solid long-term investments for investors seeking a lower level of volatility. Each company, however, has a different dividend policy which will likely influence an investor's investment decision. This article compares each company's dividend policy.   Summary BCE, Rogers Communications, and [...]

By |November 12th, 2018|General Investing|Comments Off on BCE, Rogers, and Telus – Different Dividend Policies for Different Investor Preferences

Brookfield Asset Management – Shareholders Are Highly Likely To Be Well Rewarded Over the Long-Term

On November 8, 2018 Brookfield Asset Management (BAM) released Q3 and YTD2018 results. $1.1B of Funds from Operations (FFO) were generated during Q3 versus $0.8B in Q3 2017. It has raised $12B of capital since the end of Q2 and it is now in the midst of raising capital across all three flagship funds. It [...]

By |November 8th, 2018|General Investing|Comments Off on Brookfield Asset Management – Shareholders Are Highly Likely To Be Well Rewarded Over the Long-Term

Becton Dickinson – Buy For Its Long-Term Growth Opportunities

On November 6, 2018 Becton Dickinson (BDX) released Q4 and FY2018 results and provided guidance for FY2019. BDX is making good progress with the integration of Carefusion and C.R. Bard. Management is committed to deleveraging the Balance Sheet to below 3x over 3 years and $1.2B of debt was repaid in FY2018 which is slightly [...]

By |November 6th, 2018|General Investing|Comments Off on Becton Dickinson – Buy For Its Long-Term Growth Opportunities