Intercontinental Exchange, Inc. – On My ‘Watch List’

  Intercontinental Exchange, Inc.'s (ICE) valuable intangible assets include the New York Stock Exchange brand. I view ICE as a vendor of proprietary data and anticipate the current ~60% of operating income generated from trading and ~40% generated from information services to move toward a 50-50 split over the next few years. I currently view [...]

By |May 30th, 2019|General Investing|Comments Off on Intercontinental Exchange, Inc. – On My ‘Watch List’

Ecolab Inc. – On My ‘Watch List’

  Ecolab Inc. (ECL), a high quality company currently overvalued, is one of the companies I have on my 'Watch List'. Summary Ecolab Inc. is the global leader in water, hygiene and energy technologies and services that protect people and vital resources. It has distributed dividends uninterrupted for over 80 years. The typically low dividend [...]

By |May 30th, 2019|General Investing|Comments Off on Ecolab Inc. – On My ‘Watch List’

3M – Grateful When Great Companies Fall Out of Favor

3M Company (MMM) has fallen out of favor with the investment community. Its share price has fallen ~$53 subsequent to April 24th; Q1 2019 results were released April 25th. In previous articles I expressed my view that MMM shares were overvalued and disclosed my use of covered calls to skim additional income. Despite challenges which [...]

By |May 26th, 2019|General Investing|Comments Off on 3M – Grateful When Great Companies Fall Out of Favor

The Royal Bank of Canada – Increasing Exposure to a Top 10 Holding

The Royal Bank of Canada (RY) released Q2 2019 results May 23, 2019. Despite reasonably solid results the share price pulled back slightly. Based on RY's current valuation and my long-term positive outlook on the company I have acquired additional shares for what is already one of my top 10 holdings. Summary RY released Q2 [...]

By |May 23rd, 2019|General Investing|Comments Off on The Royal Bank of Canada – Increasing Exposure to a Top 10 Holding

CIBC – Suitable for Income Seeking Investors

  CIBC (CM) released Q2 2019 results May 22, 2019 which fell short of analyst estimates. Following the ~4.4% drop in CM's share price I view the current valuation and forward dividend yield as sufficiently attractive for me to increase my position within the FFJ Portfolio and in accounts for which I do not disclose [...]

By |May 23rd, 2019|General Investing|Comments Off on CIBC – Suitable for Income Seeking Investors

Cisco Systems, Inc. – Be Wary of Valuation

  Cisco Systems, Inc. (CSCO) stands to benefit from demographic and technology macro trends. I view it as a good long-term investment but shares currently appear to be fully valued, if not slightly overvalued. I suggest investors be patient and wait for shares to retrace to more attractive valuation levels. Summary CSCO provides essential network [...]

By |May 21st, 2019|General Investing|Comments Off on Cisco Systems, Inc. – Be Wary of Valuation

Option Activity – BDX, MMM, ADP, and HSY

I will occasionally employ the use of conservative option strategies to generate additional income. This article provides an update on option positions for 4 companies in which I own the underlying shares.   I continue to be dumfounded as to the extent to which the share price of several companies have appreciated in the last [...]

By |May 15th, 2019|General Investing|Comments Off on Option Activity – BDX, MMM, ADP, and HSY

This Equity Market Upheaval is Great

Periods in which equity markets are in a state of upheaval can be a wonderful opportunity to help you build long-term wealth. The challenge some investors have, however, is that they focus on investing when all is well but panic when market conditions take a turn for the worse. Focus on investing exclusively in great [...]

By |May 13th, 2019|General Investing|Comments Off on This Equity Market Upheaval is Great

Becton, Dickinson – Pullback Presents a Buying Opportunity

Becton, Dickinson and Company (BDX) has just released Q2 results which includes lowered FY2019 earnings guidance. Based on my analysis and long-term prognosis I view BDX as currently being undervalued. Summary BDX recently released Q2 results and lowered FY2019 guidance resulting in a sudden drop in the share price. Management expects the second half of [...]

By |May 12th, 2019|General Investing|Comments Off on Becton, Dickinson – Pullback Presents a Buying Opportunity

Broadridge Financial Solutions – Expensive…Again!

As a long-term Broadridge Financial Solutions (BR) shareholder I have a positive outlook on the company's future. I recommended the purchase of shares in early February 2019 when shares retraced to ~$94. Based on Q3 2019 results and earnings guidance released May 7, 2019 and BR's current share price I suggest investors wait for a [...]

By |May 7th, 2019|General Investing|Comments Off on Broadridge Financial Solutions – Expensive…Again!