Many investors worry about stock price pullbacks. Don't be like the masses. Invest in good solid companies which have (1) competitive advantages, (2) are profitable, and (3) which generate strong Free Cash Flow (FCF). If you do this then you will have a greater appreciation for lower stock prices. Worldwide equity markets are certainly [...]
Stock screeners can be misleading. In the case of this company, in 2012 it introduced a variable dividend component to its dividend policy. This variable dividend is not picked up by stock screeners which likely results in many investors completely overlooking this company as a worthwhile long-term investment. On August 5, 2018 I wrote [...]
On August 5, 2018 I wrote this article in which I indicated that relying solely on stock screeners to identify investment opportunities has its shortcomings. At the time of that article CME was trading just shy of ~$162 and stock screeners reflected a dividend yield of ~1.73%. Fast forward to December 5 and the stock [...]
Summary BMO recently reported FY2018 which reflected the benefit of a 21% YoY reduction in the provisions for credit losses as well as a low tax rate. Canadian and US operations benefited from solid loan growth with strong Q4 performance evidenced in Personal and Commercial banking and accelerated growth in its U.S. segment. Senior management [...]
Summary CM recently reported FY2018 results and senior management indicated it is confident it can continue to deliver EPS growth within the 5% - 10% medium-term target range. CM is focused on expanding in the U.S. and gains from the PrivateBancorp acquisition are exceeding expectations. With the highest concentration of the Big 5 in Canadian [...]
Summary TD reported strong FY2018 results and senior management is confident it can continue to deliver adjusted EPS growth within the 7% - 10% medium-term target range. It has a well diversified business model, credit quality is strong, and it maintains a strong Basel III Common Equity Tier 1 (CET1) ratio. I anticipate a [...]
Summary RY recently reported record earnings of $12.4B for FY2018. Management anticipates further improvement in FY2019. RY has a well diversified business model and maintains a strong Basel III Common Equity Tier 1 (CET1) ratio. The bank has a lengthy history of profitability and dividend growth. The compound annual growth rate of RY’s dividend is [...]
This is my November 2018 FFJ Portfolio dividend income update. The portfolio was created in January 2017 for the purpose of demonstrating how investing in well managed companies with competitive advantages can assist investors in reaching their long-term financial goals without the need to speculate or to chase dividend yield. Another month has come [...]
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 [...]
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 [...]
