Summary MCD has significantly re-energized its business in the last few years under new leadership. The refranchising strategy has yielded significant cost savings to date. I am bullish on MCD but view it as being currently overvalued at ~$164. I would add to my existing position if it retraces to ~$144. Introduction McDonald’s (NYSE: MCD) [...]
Another month gone by and time for another FFJ Portfolio status report. A few stocks I viewed as overvalued in recent months have retraced to fairly valued levels based on analyses I conducted in April. As a result, in the ‘side accounts’ I acquired: 217 shares of 3M (NYSE: MMM) 300 shares of Stanley Black [...]
Summary In an effort to increase my exposure to the Industrial Goods sector, I have recently increased my 3M (NYSE: MMM) exposure and have initiated a position in Stanley Black & Decker (NYSE: SWK). I am looking to increase my exposure further and have identified Illinois Tool Works (NYSE: ITW) as a candidate. I viewed [...]
Summary MMM released its Q1 2018 results on April 24, 2018 and revised its projected FY2018 GAAP EPS while leaving its adjusted projected EPS estimate unchanged. In my opinion, MMM was overvalued earlier in 2018 and the recent pullback has prompted me to increase my position. The company’s stock price could certainly pullback further but [...]
Financial freedom does not need to forever remain a dream. Financial freedom is achievable if you set realistic goals and objectives, you educate yourself, and you are disciplined. Today’s Guest Post is from Taylan and Tanya (last name protected at their request). I stumbled upon Taylan’s Retire via Dividends blog several months ago and [...]
Financial institutions promote Market-Linked GICs and Principal Protected Notes touting risk mitigation and attractive return potential. Readers are very strongly encouraged to read the fine print when researching these products. Initial appearances are very deceiving. A subscriber recently had a discussion with a broker in which the topic about safety of principal was a topic [...]
Summary In my January 31, 2018 article I stated that I perceived Stanley Black & Decker to be overvalued despite the pullback from its early January highs. Subsequent to my previous article, SWK has retraced further. SWK released its Q1 2018 results on April 20, 2018 and has revised its GAAP EPS range to $7.40 [...]
Summary On April 12, 2018, Genuine Parts (GPC) and Essendant (ESND) announced that the companies had entered into a definitive agreement to combine ESND and GPC’s S.P. Richards (SPR) business. On April 19, 2018, GPC reported Q1 results which reflected double digit sales growth but income before taxes experienced some challenges. Management has maintained its [...]
In a recent interview with Nick McCullum from Sure Dividend I share my opinion on the future for my Top 10 holdings. Visa The Bank of Nova Scotia 3M The Royal Bank of Canada Church & Dwight Johnson & Johnson Chevron Walmart Canadian National Railway The Canadian Imperial Bank of Commerce Becton Dickinson Have a [...]
Summary Parker-Hannifin is a Dividend King having increased its annual dividend for at least 50 consecutive years. While the diluted - weighted-average common shares outstanding has been reduced dramatically since FY2008 and EPS has grown significantly since such time, there are other metrics that suggest PH is an unsuitable investment for me at this juncture. [...]
