Summary The BAM group of companies held their Investor Day on September 26th. BPY, the real estate arm within the BAM group of companies, operates and develops one of the largest portfolios of office, retail, multifamily, industrial, hospitality, triple net lease, self-storage, student housing and manufactured housing assets. What sets BPY apart from most members [...]
This is my September 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. September was an enjoyable [...]
Ever since I watched The Barkley Marathons on Netflix I have wanted to participate in that event. This is an ultramarathon trail race held in Frozen Head State Park near Wartburg, Tennessee and it takes place annually in late March or early April. Runners may elect a 'fun run' of 60 miles (97 km) or the [...]
I recently returned from vacation and am heading out again. I will be participating in the 7th Annual March for the Fallen being held in Fort Indiantown Gap, Pennsylvania, USA. This 28-mile walk is a greater community event hosted by the Pennsylvania Army National Guard Training Center at Fort Indiantown Gap to honor the memory [...]
Nike is a great company to hold in a well diversified portfolio. The challenge at this stage is that its valuation appears to be somewhat lofty based on earnings projections and taking into account its recently announced 4 year $15B stock repurchase program. I will not be adding to my current position at current levels. [...]
Summary After the market closed on September 25th, NKE reported Q1 FY2019 results and its share price pulled back ~4% in afterhours trading. The share price rebounded to close down only 1.25% on September 26th. The Federal Reserve increased rates 25 basis points on September 26th and a further increase is anticipated in December. If [...]
Brookfield Asset Management is a leading alternative asset manager, focused on investing in long-life, high-quality assets spanning over 30 countries globally. The business is organized into the following principal areas: Real Estate, Renewable Power, Infrastructure, and Infrastructure. I highly recommend you listen to Bruce Flatt's, CEO of Brookfield Asset Management, recent presentation at 'Talks at [...]
FedEx released its Q1 FY2019 results on September 17 and the stock pulled back ~5.5%. The stock price has subsequently recovered slightly but still remains in 'fairly valued' territory. Summary FDX released its Q1 2019 results on September 17th which reflected adjusted earnings of $3.46/share versus a forecast of $3.80/share. Revenue of $17.18B exceeded expectations [...]
Korn/Ferry International released its Q1 FY2019 results on September 6 and the stock pulled back ~24%. Results were negatively impacted by $106.6 million in trade name write-offs as part of an organizational restructuring which management had communicated to the investment community in June 2018. I view Mr. Market as having presented a buying opportunity in [...]
Summary Korn/Ferry released Q1 results on September 6 and reported a loss of $0.70/share. This included a one-time $106.6 million trade name write-off which management had communicated in June 2018. Other than the one-time write-off, results were positive and I view the price plunge has having brought shares into fair value territory. I view KFY [...]
