This is my March 2019 FFJ Portfolio update. The portfolio was created in January 2017 for the purpose of demonstrating how investing in high quality companies with competitive advantages and with a record of consistently increasing dividends can assist investors in reaching their long-term financial goals without the need to speculate or to chase dividend [...]
Paychex, Inc. (PAYX), is a high quality company engaged in the business of providing integrated human capital management solutions for payroll, human resource, retirement, and insurance services for small- to medium-sized businesses. Summary Paychex is a leading provider of integrated human capital management solutions for payroll, human resource, retirement, and insurance services for small- to [...]
Employing out-of-the-money short-term covered calls can help you generate additional income. Based on my analysis I have elected to employ this strategy on some of our 3M and Hershey's shares. In previous articles I have indicated that I fall in the camp of investors of the opinion that a general market pullback is becoming increasingly [...]
Summary Jack Henry & Associates is a leading provider of technology solutions and payment processing services primarily for financial services organizations. Despite various general downward industry trends there are sufficient upward industry trends which provide an opportunity for JKHY to continue to grow. JKHY returns value to shareholders through the distribution of dividends, share repurchases, [...]
Summary The complete write-off of newer and less damaged vehicles due to rising repair costs is a strong tailwind for Copart. Demand for used cars, and interest in repairing them, varies on the basis of demand for brand new vehicles and their affordability. New car sales peaked in 2015 and as 2, 3, and 4 [...]
Summary In early February 2019 I viewed NKE as expensive and wrote April 2019 $87.50 covered calls. NKE released strong Q3 results after the March 21st market close but results disappointed investors and its share price pulled back over 6.50% on March 22nd from the previous day’s ~$88 close. I view NKE as a solid [...]
Some investors never learn that Financial Freedom can be attained by being a disciplined investor. Others, like Vishal, learn this lesson reasonably early in life. When I created this blog roughly 1.5 years ago, one of my key objectives was to interact with readers from various regions of the world so we could share investment [...]
Employing out-of-the-money short-term covered calls can help you generate additional income. This article touches upon such a strategy I have successfully employed. A significant percentage of our investments are held in accounts that are separate and distinct from those which are included in the FFJ Portfolio. While I do not disclose specific details related [...]
Summary Strategy is to be "the" networking company rather than a maker of individual products. Shift to more of a software and subscription-based offering strategy improves revenue predictability. Customers exposed to high switching costs which increases CSCO product/service stickiness. Strong Balance Sheet and strong Free Cash Flow (~$12.4B, ~$12.9B, and ~$12.8B in FY2016 – FY2018). [...]
After having read a post I wrote about Brookfield Asset Management (TSX: BAM.a), Larry Macdonald of The Globe and Mail reached out to me inquiring whether I would be interested in being featured in his weekly column. Here is the link to his column in which I am featured. You may want to check out [...]
