Not all investment decisions are made solely on a company's financial performance. In the case of my long-term investment in Philip Morris (PM), I no longer am willing to accept that I have invested in a company which provides no benefit to society. I have decided to liquidate my shares in Philip Morris and to [...]
On August 27, 2015 I initiated an 'experiment' to determine which company would generate the best investment returns over a 20+ year time frame - Chevron (CVX) or Exxon Mobil (XOM). As at November 3, 2018, the value of my current CVX holdings is ~$10,000 greater than the value of the XOM holdings; dividends are [...]
Summary Enbridge released its Q3 results on November 2nd in which it reported a GAAP loss of $0.09B or ($0.05)/share for Q3. This included the impact of a number of unusual, non-recurring or non-operating factors. Q3 Distributable Cash Flow (DCF) was $1.585B versus $1.334B for Q3 2017. Management reaffirmed FY2018 financial guidance with the DCF/share [...]
Church & Dwight (CHD) released its Q3 2018 results November 1, 2018. Mr. Market promptly bid up shares over 9% by the close of business. CHD is a high quality company which focuses heavily on Free Cash Flow and its Cash Conversion Cycle which is more that can be said for other publicly traded companies [...]
This is my October 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. Stock values rise. Stock [...]
Mastercard (NYSE: MA) released its Q3 2018 results October 30, 2018. Mastercard and VISA have recently agreed to pay $5.54B - $6.24B to a class of more than 12 million merchants who accept the payment networks’ cards in the largest-ever class-action settlement of a U.S. antitrust case. This brings to an end one litigation matter [...]
Summary HSY recently released Q3 2018 results and warned its profits will come under pressure given rising costs. Higher costs will likely persist into 2019 but there are plans to offset these higher costs with strategic price increases on roughly a fifth of HSY products. HSY shares are more suited for investors seeking to avoid [...]
Summary Moody’s (MCO) and S&P Global Inc. (SPGI) command a ~80% market share of the ratings industry. I view these two companies much like I view the VISA and Mastercard oligopoly. MCO released less than stellar Q3 results on October 26th. Its share price has been taking a beating subsequent to the last week of [...]
In my March 4th analysis written exclusively for Financial Freedom is a Journey subscribers I indicated I viewed S&P Global (NYSE: SPGI) as being overvalued. Now that SPGI has pulled back in the past month and has released Q3 and YTD results and has updated its guidance for the remainder of the current fiscal year, [...]
Summary CNR released its Q3 results on October 23rd and reported quarterly revenue of $3.688B - the highest in its 99 year history. Net income was lower than in Q2 due to higher fuel prices, higher labour costs (increase in headcount and higher training costs for new employees), higher costs as a result of increased [...]
