Home/2019/January

CN Rail – Fairly Valued But I Think We Will Be Able To Do Better

Canadian National Railway (CNR) released Q4 and FY2018 results and FY2019 guidance on January 29, 2019. Under new leadership, CNR has staged a remarkable turnaround from late 2017 and early 2018. Shares currently appear to be fairly valued based on FY2019 guidance. I am of the opinion, however, that we will experience further market pullbacks [...]

By |January 31st, 2019|General Investing|Comments Off on CN Rail – Fairly Valued But I Think We Will Be Able To Do Better

3M – Wait For Another Dip

3M (MMM) released Q4 and FY2018 results and FY2019 guidance on January 29, 2019. FY2018 guidance was lowered at the end of Q3 2018 and MMM met that lowered guidance. FY2019 guidance provided at the November 15th Investor Day has now been revised lower. Despite the lower guidance, MMM is expected to generate strong earnings [...]

By |January 31st, 2019|General Investing|Comments Off on 3M – Wait For Another Dip

W.W. Grainger – Patiently Waiting For Further Pullback

Following the release of Q4 and FY2018 results on January 24, 2019 W.W. Grainger's share price dropped ~$11 to close down ~3.68% from the previous day's close. Despite headwinds I continue to view GWW as an attractive long-term hold. In my opinion, however, unless the US government shutdown and trade tensions and tariffs issues are [...]

By |January 24th, 2019|General Investing|Comments Off on W.W. Grainger – Patiently Waiting For Further Pullback

United Technologies – Significant Transformation in Progress

On January 23, 2019, United Technologies (UTX) released its Q4 and FY2018 results and provided the investment community with a progress report on its Rockwell Collins integration and the work being carried out on the Otis and Carrier spin-offs which should be completed in 2020. Summary UTX released Q4 and FY2018 results on January 23 [...]

By |January 23rd, 2019|General Investing|Comments Off on United Technologies – Significant Transformation in Progress

Stanley Black & Decker – Attractively Valued Following Pullback

Following the release of Stanley Black & Decker's (SWK) Q4 and FY2018 earnings on January 22, 2018, SWK's shares dropped ~15.5% in value. This drop is attributed to its FY2019 outlook being weaker than forecast. SWK has indicated it is extremely well positioned to hit its $22B revenue target by 2022; FY2018 revenue was just [...]

By |January 22nd, 2019|General Investing|Comments Off on Stanley Black & Decker – Attractively Valued Following Pullback

Goldman Sachs – Attractively Valued But Be Aware Of The $7.5B Risk

Goldman Sachs (GS) released better than expected Q4 and FY2018 results on January 16th. GS is currently undervalued but the Malaysian 1MDB corruption scandal in which GS is being sued for $7.5B by the Malaysian government is something investors should consider before investing in GS. Despite this overhang I am of the opinion GS is [...]

By |January 17th, 2019|General Investing|Comments Off on Goldman Sachs – Attractively Valued But Be Aware Of The $7.5B Risk

The Bank of New York Mellon Corporation – Think Buffett/Munger Are On To Something?

The Bank of New York Mellon Corporation (BK) released its Q4 and FY2018 results on January 16th in which it reported mixed underlying results. While revenue declined it benefited from strong expense control and a lower tax rate. BK rewarded common shareholders with $3.3B in common shares repurchased and $1.1B in dividends in FY2018. In [...]

By |January 16th, 2019|General Investing|Comments Off on The Bank of New York Mellon Corporation – Think Buffett/Munger Are On To Something?

Constellation Brands – And This Is Supposed To Impress Me?

On January 9th, the day I posted my most recent article on Constellation Brands (STZ), the outgoing and incoming CEOs appeared on Mad Money following the release of a disappointing 2019 forecast. STZ's current CEO Rob Sands, who will step down in March, stated the response to his company's softer guidance is a "total overreaction" [...]

By |January 13th, 2019|General Investing|Comments Off on Constellation Brands – And This Is Supposed To Impress Me?

If It Looks Too Good To Be True It Probably Is

A recent article on a highly followed investor website suggests that two small cap TSX listed companies are appropriate investments for Tax Free Savings Accounts (TFSA). For long-term risk averse investors, neither company would be an appropriate investment. In this article I compare the extent to which both companies have rewarded shareholders with two extremely [...]

By |January 12th, 2019|General Investing|Comments Off on If It Looks Too Good To Be True It Probably Is

Constellation Brands – This Is What I Get For Speculating

In August 2018 I purchased two $190 January 2019 Call contracts on Constellation Brands (STZ) in the hopes participating in any upside it might experience by reason of its investment in Canopy Growth (WEED); I fully appreciated this was a speculative investment. STZ's stock price rose following my purchase but in mid-October 2018, the share [...]

By |January 9th, 2019|General Investing|Comments Off on Constellation Brands – This Is What I Get For Speculating

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