Home » Archives for November 2018

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

The J.M. Smucker Company – Patience and Options

Summary SJM is a company undergoing a transformation. Short-term results can, therefore, occasionally fall short of projections. Other well known names in the Consumer Goods, Processed and Packaged Goods space have performed poorly over the past year. SJM is attractively valued. Its forward adjusted PE has not been this low since the Financial Crisis. I [...]

By |November 28th, 2018|Equity 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

Goldman Sachs – Buy When Great Companies Are Beaten Up

Summary A former GS banker has pleaded guilty for his role in the Malaysia's 1MDB corruption scandal. Malaysia is seeking a full refund of the almost $0.6B that it paid to GS for three bond deals. Claims of embezzlement and money laundering have led to investigations in the U.S., Singapore, and Switzerland. GS has not [...]

By |November 18th, 2018|Equity 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